salvation through inflation the economics of social credit phần 6 docx

... debate on Social Credit. They want out. What is the difference between the value of the tickets in the first example and their value in the second? The seats are physically the same. The tickets ... garnished. Then goeth he, and 1 46 SALVATION THROUGH INFLATION the consumer This is the belief of almost all critics of the fi-ee market. He said that millio...

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

... 165 Douglas’ history, 166 -69 flaw of, 243 flow of funds, 243, 260 -61 hatred of, 2-3 historic productivity, 1 36 number-one evil, 165 number-one flaw, 120 output, 109-10 pricing, 127 secret of, ... his other books, which sold in the millions during the presidential campaign of 18 96. 1 The work of Alexander Del Mar deserves mention. Del Mar had been the Director of...

Ngày tải lên: 09/08/2014, 19:22

... Today, the de- tails of Social Credit economics no longer interest anyone out- side of one of the tiny, struggling national organizations that still call themselves Social Credit. ” Meanwhile, the ... Gary. Salvation through inflation : the economics of social credit/ Gary North p. cm. Includes bibliographical references and index. ISBN 0-930 464 -64 -8 (p...

Ngày tải lên: 09/08/2014, 19:22

... to the problem of price inflation to turn the power of money creation over to the politicians rather than the central bankers. The politicians of the French Revolution des- troyed the value of ... p. 62 . 15. Ibid., p. 63 . 16 SALVATION THROUGH INFLATION economy’s output increases. I am also saying that these reform schemes are all in opposition to the...

Ngày tải lên: 09/08/2014, 19:22

... blueprint. The Opportunity of a Lifetime In 1935, .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. ... up constitutes the capital of the firm. There is no increase in the money supply there is only a transfer of money from one entity (the investor) to...

Ngày tải lên: 09/08/2014, 19:22

... 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-taught 16 economist, J. A. Hobson, who argued, as Douglas summarized him, for the inadequacy of the money available...

Ngày tải lên: 09/08/2014, 19:22

... 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