| Subject: | Re: [socialcredit] Replying to Vic (Deus Ex Machina) | | Date: | Tuesday, April 19, 2005 22:30:05 (+1200) | | From: | Trevor Crosbie <tamac @.......nz>
|
| In reply to: | Message 979 (written by Jessop Sutton) |
Oh come on Jessop, the reason Douglas wrote extensively about monetary
reform was because he clearly saw a debt based system of providing
purchasing power to enable people to buy the goods and services others
produce as containing the seeds of its own destruction. That destruction is
manifesting itself in the current orgy of production as every nation strives
to become a better exporter of goods and services than its competitor. That
process is driven by the need to service an ever growing level of
international, national, regional, company and personal debt - all owed to
the owner operators of the debt mechanism.
Once the entire process of production, distribution and consumption is 100%
financed by interest bearing debt the money power that Douglas wrote of will
have absolute power over every aspect and direction of the lives of us all.
'Democratic governments' will simply be a powerless facade left in place to
provide an outlet for the frustration and anger of those who are excluded
from any real opportunity to use their talents and reach their true
potential. The real decision making will be in the boardrooms of theose who
own the debt and therefore hold our lives in their hands.New Credit for new
production suplied by the banks will actually be new interest bearing debt.
If you can't understand that simple fact you are doomed!
The only way forward is to back interest bearing debt out of the system by
using the power of credit, controlled by the people, to provide essential
infratstructure, free of debt, for future generations as a starting point
for the introduction of a Social Credit economy. If that is not Social
Credit in the sense that Douglas saw it then I will quietly fade from the
scene and leave you all to your endless debate.
Regards
Trevor Crosbie
Hamilton NZ
----- Original Message -----
From: "Jessop Sutton" <sutton@kingsley.co.za>
To: <socialcredit@elistas.com>
Sent: Tuesday, April 19, 2005 3:05 AM
Subject: Re: [socialcredit] Replying to Vic (Deus Ex Machina)
> On Monday 18 Apr 2005 1:05 am, Trevor Crosbie wrote:
>> The use by our
>> democratically elected representatives of a parallel mechanism, for the
>> provision of essential infrastructure free of interest bearing debt, is
>> not
>> only feasible but essential to the viability of our society and all the
>> people therein.
> ====================
>
> Does interest-free provision for essential infrastructure come into the
> ambit
> of Social Credit? I thought the general consensus is that that would still
> be
> left to the commercial banking sector in the same way as 'new credit for
> new
> production' would still be supplied by the banks?
>
> Jessop.
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