and how does money get into the national credit account? Further, what is done about the hording of B funds?
***and how does money get into the national credit
account? Further, what is done about the hording of
B funds?***
Keep in mind that the banking system as a whole, to
the extent it can be considered to be one big bank
with many branches--has what is tantamount to an
unlimited overdraft
Pretend my degree is in public policy and finance rather than in banking (which is in fact true). What actions happen on what date by whom to distribute the national credit?
Let me venture a guess and you can tell me if I am correct.
Sept 15: Federal Reserve estimates amount to be distributed to
Good day folks,
Three of my favorite posters to list Social Credit; Wally Klinck,
Michael Bindner, and Bill Ryan in their e-mails of 08-26-03
have provided a conceptual framework that invites me to
explain my understanding of what C. H. Douglas meant by
Social Credit. Michael's inquiry is
Something like that; it is certainly not rocket
science.
First of all, we have to address the concerns of the
skeptics, so the checks would have to be very modest
in the beginning. Perhaps $100 or $25. That can be
increased gradually as time goes on with increasing
political acceptance.
