salvation through inflation the economics of social credit phần 5 pptx

... offset the effects of the second law of thermody- namics. We produce increasing order out of the apparent disor- der of our environment. 8 The standard physical explanation of this is that the ... openly followed the monetary theory of the self-taught16 economist, J. A. Hobson, who argued, as Douglas summarized him, for the inadequacy of the money available i...

Ngày tải lên: 09/08/2014, 19:22

... the fragmented Social Credit organizations!) 5. Maurice Colbourne, The Meaning of Social Credit (4th revised edition; Edmon- ton, Alberta: Social Credit Board, 19 35) , pp. 9, 10. xxii SALVATION ... than in 19 35. Today, the de- tails of Social Credit economics no longer interest anyone out- side of one of the tiny, struggling national organizations t...

Ngày tải lên: 09/08/2014, 19:22

... irrespective of the hypothetical universal laws of chemistry. There is another problem here. A chemist’s theory of molec- ular bonding rests on the assumptions of quantum mechanics. Are these assumptions ... over to the politicians rather than the central bankers. The politicians of the French Revolution des- troyed the value of France’s currency in a matter of mon...

Ngày tải lên: 09/08/2014, 19:22

... blueprint. The Opportunity of a Lifetime In 19 35, .in the middle of the Great Depression, the Social Credit League won 89% of the seats in the legislature of the Western Canadian province of Alberta. ... reconstruction. The two of them filled tens of thousands of pages with their criticism of capitalism and also detailed criticisms of their socialist...

Ngày tải lên: 09/08/2014, 19:22

... the issue of money. The Target of His Criticism The failure of capitalism, Douglas said, is the failure of fi- nancial credit to match the output of Real Credit. The banks create financial credit. ... association of people engaged in the production of Real Credit, and in this sense the State, as the custodian of the Real Credit of the community,...

Ngày tải lên: 09/08/2014, 19:22

... tickets do not. 152 SALVATION THROUGH INFLATION Major Douglas’ Confusion: Money and Credit The problem for Social Credit is that Douglas confused the issue of credit with the issue of money. This ... keep them in their seats during a debate on Social Credit. They want out. What is the difference between the value of the tickets in the first example and th...

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... by the State, then the State has become the true owner. The tools of production are in the hands of the State. Thk is the essence of socialism. Decapitalization Through Mass Inflation During the ... below. 174 SALVATION THROUGH INFLATION participate in the profits of the firm. Whether the firm makes a profit or not, the lenders must be paid. Not so...

Ngày tải lên: 09/08/2014, 19:22

... restrain the accumulation of power in the hands of an elite? The Premise of Inflationism Social Credit is one more scheme in a long list of fiat money inflation schemes which stretch back to the ... anti-semitic “Protocols of the Learned Elders of Zion” in his attempt to persuade his readers of the centrality of finance and the evils thereof. The Protoco...

Ngày tải lên: 09/08/2014, 19:22

... of. funds, but 244 SALVATION THROUGH INFLATION different kind of break from the one he hypothesized in his critique of bank credit. The A + B Theorem has nothing to do analytically with the credit ... brought up the A + B Theo- rem? In short, wh~ does the supposed dilemma of the A + B Theorem apply only to today’s capitalism? If the answer is “bankers,” the...

Ngày tải lên: 09/08/2014, 19:22

... his other books, which sold in the millions during the presidential campaign of 1896. 1 The work of Alexander Del Mar deserves mention. Del Mar had been the Director of the U.S. Bureau of Statistics. ... 1966. 272 SALVATION THROUGH INFLATION suade the former prophets to abandon their system of prophe- cy? Never! They just draw up new prophecy charts. Or their disc...

Ngày tải lên: 09/08/2014, 19:22