Soon the kids will be in school and I hope with time to contemplate what you all are saying, I will begin to understand the banking concepts. At this point all I know is the banks were organized to accumulate wealth and this is not the only way banks can be organized. A. P. Giannini had to fight against the banking laws to make banking work for the small guy and created the Bank of Italy which later became the Bank of America.
Maybe when school starts I can focus just on banking, and maybe understand the concepts. Adding, Islam which opposes usury, and the native American had a domestic economic system and culture that was a strong force against accumulating personal wealth and power. Culture has so much to do with how people manage money and this is a matter of education. Before 1958 we had liberal, domestic education that contained the purpose of making strong families, and education proceeded to destroy the family order and organize us under military order following 1958. Note, when the USSR "liberated" women with a propaganda campaign saying the full time homemaker, is a non productive member of society, the divorce and abortions rates rose. Increasingly women and children fell below the level poverty, and we think of these countries as being very poor, yet they now have more mineral resources than the US which has exhausted its natural resources and spent the wealth. Anyway, when we "liberated" women, divorce and abortion rates increased, and more fell below the level of poverty, and we can add to this increasingly women and children were involved in crime and violence, both as victims and perpetrators. Culture, and therefore education, is a key element of any economic system. CS On Sun, 31 Aug 2003 20:30:46 -0400 [EMAIL PROTECTED] writes: > To: A few sincere reformers and many devious defenders > of the status quo (DDotSQ) on my copy list. > > Keith, > > Your thoughtful statement, copied below, gives two precepts > of social credit, as you understand this "policy of a philosophy." > Everyone who dares to venture an opinion on this subject > seems to agree on the philosophy, which thinks well of human > beings as a species and desires liberty and justice for each > individual. But our frequent posters part company on just what > policy will effect the "Paradigm Shift" that Wally, others, and I > believe is necessary to enable the "optimum policy." > > I agree completely with your first precept: "that social wealth > accumulates." Here is; Karl Marx's "surplus value" seized by > the capitalist, the root of Douglas' A + B Theory, and the > wealth to be distributed among "New Capitalists" by > Louis Kelso's policy. The mal-distribution of this wealth > accumulated "by virtue of natural human striving" offends > every sincere reformer. But is the mal-distribution caused > by corporations and governments becoming too powerful, > or, by parenting households becoming too weak? The > second cause can be corrected, with advantage to all > concerned, by an open discussion of how to strengthen > parenting families. Only the DDotSQ will be opposed, > and the status quo is a policy of genocide done slowly. > > I disagree completely with your second precept: that the > mal-distribution can be corrected "via monetary policy." > Since the beginning of the industrial revolution, the > English speaking WHIPs (Wealthy, Healthy, Intelligent, > and powerful folks) have been ahead of the curve in > developing the methods and institutions needed to > maximize the efficiency of, and the return on investment > from, their capital plant. The US banking industry and > the Federal Reserve System works like a charm and is > envied by other industrial nations. The three great 20th > century injections of money (M1) into the economy, shown > in Fig10d.gif, simply created speculative bubbles because > the deficiency of purchasing power among parenting > households had depressed the demand for additional > investment in productive capital plant. When I wrote to > Katherine Graham, Patrick Moynihan, and Peter Peterson > about monetary policy in 1994, the 7%/year run up of > M1 over the previous three decades was halted abruptly > at $1,200 Billion, and stayed at that level for nine years > as shown in Fig2-3.gif at the URL below. > > M1 of $1,200 Billion is more than adequate to run our > $10,000 Billion GDP economy as illustrated by a > technically valid macro model, Fig4-3.gif, backed up > by Wassily Leontief's 42 industry Input/output table, 1966, > to show how the "real" economy (250% of GDP) works. > That deficiency of purchasing power is not a monetary > problem, it is a moral problem which Japan and > Europe solved after World War II. > > Notice, Keith, that cswriter1 responded to your inquiry > by asking, "Is this social credit concept different from > technocracy?" And [EMAIL PROTECTED],com > answered: "Yes." > > They are indeed different policies from the same > philosophy, but they have this in common with all other > policies of the 20th century, none of them presented the > public with a technically valid model of an industrial > economy, such as Fig4-3, to inform the public interest. > If anyone has a better model than Fig4.3, by all means > let's use it to inform our discussion. > > Kind regards, > > Wes Burt > > To further explore "The Optimum Policy" illustrated > at URL <http://www.epie.org/cyber-soc/default.htm> > please join me at list <[EMAIL PROTECTED]>. > > > --------- Forwarded message ---------- > From: Keith Wilde <[EMAIL PROTECTED]> > To: [EMAIL PROTECTED] > Date: Sun, 31 Aug 2003 08:23:48 -0700 > Subject: Re: RE: [SOCIAL CREDIT] "Fungibility" > Message-ID: (deleted by Wes Burt) > > Wes, > > It seems to me that both you and Michael are so wrapped > up in preaching your own brands of economic reform that > you have not paid any attention to the fundamental concept > and precept of Social Credit which are, as I understand them: > > 1, --Social wealth accumulates (or can, if conditions permit) > by virtue of natural human strivings, mainly via embodied > technology and culture; > > 2. --The vehicle for equitable sharing of this accumulation > is NOT via taxation and government spending, but rather > via monetary policy. > > I invite corrections from the Social Credit experts. > > Keith > > ---- Original Message ----- > From: <[EMAIL PROTECTED]> > To: <[EMAIL PROTECTED]> > Cc: <[EMAIL PROTECTED]> > Sent: Saturday, August 30, 2003 5:54 PM > Subject: Fw: RE: [SOCIAL CREDIT] "Fungibility" > > > > Hi folks, > > > > In the forwarded message below, Bill Ryan chides Michael > > Bindner for his opinion that the benefits of a social dividend > > must be deferred "until the debt is paid off and the scope > > of government reduced." This exchange reminds me of > > "The Screwtape Letters," 1943, by C. S. Lewis, Professor > > of Medieval and Renaissance Literature at Cambridge > > University, in which the Senior Devil "Screwtape" chides > > his nephew "Wormwood" about the hazards of being > > too specific when teaching human beings what they > > should never think about. In this age of reason, only > > one thing remains that the congregations of our Judaic, > > Christian, Islamic, and Protestant tradition are forbidden > > to think about: namely, the "geometric relationship" > > between the fixed costs of acquiring a productive asset, > > the fixed cost of sustaining the asset when in production, > > and the variable costs of production over the useful life > > of that productive asset. Unfortunately, that "geometric > > relationship" occurs twice in every human enterprise, first > > in the capital asset at 90 degrees and again in the human > > asset at 270 degrees in the macro model, Fig4-3.gif But the > > "geometric relationship" remains invisible until we view it > > in the micro model, FIG7-9D.GIF and Fig8.1.gif > > > ~~~~~~~~ (Balance of post deleted by WesBurt) ~~~~~~~ > > --^---------------------------------------------------------------- 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 --^----------------------------------------------------------------
