To Fellow Participants:
I agree with Joe Thompson, Vic Bridger, Michael Lane, et al., that the
term Social Credit is appropriate to identify the ideas advanced by C.H.
Douglas. In this, I have to disagree with my good friends, the
Dunfords, who suggested a name change, possibly to Economic
This is not good news. Factory orders are called a
leading indicator of things to come.
Factory Orders Fall Sharply
By REUTERS
Filed at 10:09 a.m. ET
WASHINGTON - New orders for U.S. factory goods posted
their largest drop in 17 months in April, the
--To be a self-liquidating accounting system for wealth, money should come in with production and go out with consumption: "cash credits shall be cancelled on the purchase of goods for consumption" and "credits required to finance production shall be...new credits relating to new production" (from
--Ryan's idea... [is] that purchasing power would continue to accumulate and never be used.--
Account balances represent income that has not been spent. As our account balances increase, more and more of our income has not been spent.
Think of a pipeline, from wellhead to refinery. The volume
Dear Friends,
First off, I wanted to thank Bill Ryan for his gentle and constructive tone in critiquing a recent submission of mine, "elegance."
Second, I wanted to quote verbatim Douglas's Three Principles, which social crediters should know by heart:
1. That the cash credits of the population
One thing I've learned from this struggle is that it cannot be summarized. What we have from Douglas is in fact the terse summary of some very complex thought in the mind of a genius.
As to steady-state, most rebuttals to A + B take some superficial version of the theorem, and then apply to the
Dear Friends,
"Bill said his treatment of A+B does make this assumption [that technology is continually advancing]. Could I ask him to provide a one-paragraph verbal description?" (Lane)
"One thing I've learned from this struggle is that it cannot be summarized." (Ryan)
Oh come, I'm not asking
