Outstanding information!! However, this type of presentation is going to minimally impact most viewers because the producer did not combine his superb visuals with any audio. For crying out loud Dick you are an economist and most of us aren't wired like you. Many of us also need TO HEAR the message, in addition to your very crisp visual slides. I can make connections visually in a mathematical presentation, but for economics with so much else going on, I and many others need to HEAR YOUR VOICE!
This idea will work, but it has to be carefully done. You put this idea in the hands of the CA legislature, and it would be a disaster. The money supply has to be backed by labor and materials. Also, if consumers put money in their banks that then loan it out via fractional reserve -- that is also a problem with this idea. You would get rampant inflation.
@yaimavol It's labor and materials that have to be backed by money supply.
Social Credit replaces the fractional reserve system as the economy's source of new money. Banks will be lending savers' time deposits -- paying the savers for letting them do so. A 100% reserve req system.
@oldickeastman send me a link explaining how that works. Getting the banks to give up their precious frac reserve would take more than a few dead bodies, I'm afraid.
"Feed a boom and starve a recession," always fails. But Social Credit is an even flow of new currency, watering every household equally w. purchasing power to raise all ships w consumer demand.
Under debt-based money system - future debt payment alone provides current spending. Since money to pay interest is not created with the loan-- the creditor class captures assets foreclosures and distress sales.
THE DISTRIBUTION OF CASH TO INDIVIDUALS SHALL BE PROGRESSIVELY LESS DEPENDENT UPON EMPLOYMENT. THAT IS TO SAY THAT THE DIVIDEND SHALL PROGRESSIVELY DISPLACE WAGE AND SALARY
The aim of the economic and financial system is the service of man. The goal of an economic system should be the satisfaction of human needs, the production of goods (the role of the producing system) and the distribution of goods so that they may reach the people who need them (the role of the financial system). Social Credit proposes a technique that would make the production and financial systems serve their purpose.
There is no hope in sight to pay off the debts, not even the interest. If most nations can't pay off their interest payments, how could they pay the original debts? The viruses of debts have made us comatosed, and we're in great dying.
Debt finance disaster capitalism at compounded usury causes chains of horrendous debts of hundreds to billions of peoples across the planet without any hope in sight.
Outstanding information!! However, this type of presentation is going to minimally impact most viewers because the producer did not combine his superb visuals with any audio. For crying out loud Dick you are an economist and most of us aren't wired like you. Many of us also need TO HEAR the message, in addition to your very crisp visual slides. I can make connections visually in a mathematical presentation, but for economics with so much else going on, I and many others need to HEAR YOUR VOICE!
PoliticalAnimal1959 7 months ago
This idea will work, but it has to be carefully done. You put this idea in the hands of the CA legislature, and it would be a disaster. The money supply has to be backed by labor and materials. Also, if consumers put money in their banks that then loan it out via fractional reserve -- that is also a problem with this idea. You would get rampant inflation.
yaimavol 7 months ago
@yaimavol It's labor and materials that have to be backed by money supply.
Social Credit replaces the fractional reserve system as the economy's source of new money. Banks will be lending savers' time deposits -- paying the savers for letting them do so. A 100% reserve req system.
oldickeastman 7 months ago
@oldickeastman send me a link explaining how that works. Getting the banks to give up their precious frac reserve would take more than a few dead bodies, I'm afraid.
yaimavol 7 months ago
"Feed a boom and starve a recession," always fails. But Social Credit is an even flow of new currency, watering every household equally w. purchasing power to raise all ships w consumer demand.
Under debt-based money system - future debt payment alone provides current spending. Since money to pay interest is not created with the loan-- the creditor class captures assets foreclosures and distress sales.
oldickeastman q com
oldickeastman 8 months ago
THE DISTRIBUTION OF CASH TO INDIVIDUALS SHALL BE PROGRESSIVELY LESS DEPENDENT UPON EMPLOYMENT. THAT IS TO SAY THAT THE DIVIDEND SHALL PROGRESSIVELY DISPLACE WAGE AND SALARY
From C. H. Douglas
ericencina2008 8 months ago
EDMUND BURKE WROTE: "THE ONLY NECESSARY FOR THE TRIUMPH OF EVIL IS THAT PEOPLE OF GOODWILL WILL DO NOTHING."
ericencina2008 8 months ago
The aim of the economic and financial system is the service of man. The goal of an economic system should be the satisfaction of human needs, the production of goods (the role of the producing system) and the distribution of goods so that they may reach the people who need them (the role of the financial system). Social Credit proposes a technique that would make the production and financial systems serve their purpose.
Eric V. Encina
ericencina2008 8 months ago
There is no hope in sight to pay off the debts, not even the interest. If most nations can't pay off their interest payments, how could they pay the original debts? The viruses of debts have made us comatosed, and we're in great dying.
ericencina2008 8 months ago
Debt finance disaster capitalism at compounded usury causes chains of horrendous debts of hundreds to billions of peoples across the planet without any hope in sight.
Eric V. Encina, Filipino Social Crediter
ericencina2008 8 months ago
I'm so glad you're on youtube! This will make your info widely available.
Thanks!
JoAnn1520 8 months ago