| Subject: | Re: [socialcredit] Replying to Vic (Deus Ex Machina) | | Date: | Tuesday, April 19, 2005 06:50:01 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
"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
infrastructure, free of debt, for future generations
as a starting point for the introduction of a Social
Credit economy."
--------------------------------------
---------------------------------------
The was a Greenbacker proposal. It was never a
Populist proposal. Nor was it ever C. H. Douglas's
proposal. His "starting point" was most certainly NOT
to centralize power in government.
Trevor, you're entitled to your opinions. I have no
problem with that. The Greenbacker position has a
great number of adherents--including COMER in Canada,
and Prosperity in the UK. But it is a FACT that C.
H. Douglas was not one of them.
From his evidence to the Albarta legislature, 1934:
http://www.geocities.com/socredus/douglas-alberta-1934.txt
Q. Looking at Canada as a unit, rather than as
provinces, you would consider--I would like to get
your opinion of this because it is one on which I
know there are differences of opinion--would you
consider that the idea of the Dominion simply issuing
new currency for the purpose of building public works
is a method of carrying into effect in any way the
idea of social credit?
A. It would be absolutely catastrophic.
-
--- Trevor Crosbie <tamac@xtra.co.nz> wrote:
> 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.
__________________________________
Do you Yahoo!?
Make Yahoo! your home page
http://www.yahoo.com/r/hs
|
Re: [socialcredit]
Reply to this message