Bill, this is an example of my grumble in the "farewell" thread. Keith
----- Original Message ----- From: <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, June 24, 2003 11:09 AM Subject: [SOCIAL CREDIT] Would you rather hang from trees? > ->>I disagree that this is a chicken and egg > situation. The causal relationship is that loan > advances create deposits. <<< > > You are making an a priori assumption about the > causal relationship. Douglas' theorem says simply > that the rate of flow of deposits equals the rate of > flow of loans. You could just as easily claim that > deposits create loans. It could not be disproved > because it would also be an a priori assumption. > -- > > > ->>Some of which (eg, demand deposits within banks) > are never used to create new loan advances, while > other "deposits" (or, more correctly, borrowings) > might well be used for creating new loans. <<< > > Do you see what a tangled web you weave when you > argue a priori rather than from observation? You > just said that loans create deposits. Now you say > that deposits can be used to create loans. > > Continuous dynamic processes, as a matter of logic, > have no beginning or end, i.e. no cause and effect. > Every element is proceeding simultaneously. You make > sense out of them by looking at them as they > concatenate through time. That is, you observe them. > > The fact that something might seem to come first does > not mean that something is the cause of what may seem > to come next. > > Eliminate the egg there is no chicken. > > Eliminate the chicken there is no egg. > > I'll skip over some parts that we'll fill in later. > > There is an observable flux of loans from the > financial sector, and the observable reflux from the > rest of the economy in amortization of those loans. > This flux and reflux can be graphed on a chart > against time. The respective flux and reflux curves > remain identical regardless of the rate of interest-- > which is simply a matter of bookkeeping. What > changes is the bookkeeping allocation of the reflux. > At a zero percent rate of interest all the reflux is > credited to principal. At any positive rate of > interest a defined and agreed portion of the reflux > is credited to interest. > > It means simply that profit is shared between > entrepreneur and banker; what the entrepreneur pays > the banker is in payment for financial services > rendered. > > Between consumer and banker it means that the > consumer shares with the banker the appreciation in > his wealth that through his financial services the > banker helped create. > > It is part of the way we got to where we are rather > than being confined to the jungle hanging from trees. > > Which does not obviate the fact that banking is a > monopoly that must be controlled. > -- > > > > > > > > ____________________________________________________________ > Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail! > http://login.mail.lycos.com/r/referral?aid=27005 > > > ==^================================================================ This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^================================================================
