salvation through inflation the economics of social credit phần 7 pdf

... 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 ... A 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...

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 ... innovation. The economic ideas of John Maynard Keynes, another apostle of fiat money and government fine-tuning of the economy, triumphed because he offered them in...

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... 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 ... chalIenge to the universal laws of chemistry. But at least the Christian affirms the existence of miracles irrespective of the hypothetical universal laws of...

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... 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. ... reconstruction. The two of them filled tens of thousands of pages with their criticism of capitalism and also detailed criticisms of their socialist...

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... 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,...

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... 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...

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... 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 ... 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...

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... 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...

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... 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...

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... 228 utopian, 24- 27 valuation, 200 wages, 72 -73 , 172 -73 welfare State, 78 why Sotil?, 186 work, 211-12 (see also Douglas, C. H.) socialism Douglas &, 1 97 guild, 145 heart of, 188 premises, 75 -78 society, ... 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...

Ngày tải lên: 09/08/2014, 19:22