| Subject: | Re: [socialcredit] RE: The "Binary" Con-Job: | | Date: | Monday, April 11, 2005 10:51:01 (+1200) | | From: | Trevor Crosbie <tamac @.......nz>
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----- Original Message -----
From: "William B. Ryan" <w_b_ryan@yahoo.com>
Sent: Sunday, April 10, 2005 11:52 PM
Subject: [socialcredit] RE: The "Binary" Con-Job:
The 'retail discount price compensation' is simplicity itself: It would
work exactly like a sales tax in reverse. It is simply a percentage of
the individual retailer's gross sales paid to the credit of the individual
retailer.
(TC Replies) It is actually simply a subsidy, described as such by Douglas
in 1935 and he proposed the 'money' provided to reduce (subsidise) prices to
the consumer would come from a proportion of the national created credit.
He also said in the same speech in Oslo in regard to addressing the problem
of a shortfall in consumer spending power that the need could be met by way
of a National Dividend. The 'money' would be created "by exactly the same
means as are now used by the banking system to create new money" and
distributed to the whole population.
What has happened since 1935 is that the shortfall has been filled by the
use of consumer credit, created by the banking system through the debt
mechanism which caused the inflationary process which led to the shortfall
in the first place. The fox was thus placed in charge of the chicken coop
and still is.
What is needed is a mechanism that will, over time, back debt out of the
economy thus leading directly to removing the inflationary driver inherent
in an economy based on debt creation [with its asociated compounding
interest] and an increase in purchasing power. The National dividend could
then be applied to ensure the benefits of the mechanism reach everyone.
The ravages of the debt mechanism lay at the heart of the issues which led
Douglas to his proposals from 1918 through to his death in September 1952
and that is still the case today. He commented that the banker is in a
unique situation whereby he parts with nothing in the process of creating
debt (lending) and making a profit through the transaction.
Douglas clearly saw the world wide monopoly of credit (the debt creation
mechanism) as a practical difficulty that needed to be solved before any
other beneficial reform of the financial system could be effected.
Regards
Trevor Crosbie
Hamilton NZ
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