Re: [ERANet] Donald John, on The Full Employment, Green, Democratic Solu

Hello,

It is evident that much of M0 circulates in the black economy.  That puts a
dent in the measured economic activity assumed to be measured by M1.

In NZ some $2b of cash is in circulation, that's $500 for every person in
the country.  Very few people carry much cash these days. And while a
considerable amount rests in business cash floats, they aren't remotely of
the $b order.

Cheers,
Lowell Manning
----- Original Message -----
From: <wesburt@juno.com>
To: <Donald_John@hotmail.com>; <CCMJ@copsewood.net>; <Cyber-soc@topica.com>;
<Debt@csf.Colorado.edu>; <ERANet@yahoogroups.com>; <FixGov@yahoogroups.com>;
<socialcredit@topica.com>; <TheNewForum@yahoogroups.com>; <TOP@topica.com>;
<VOW@topica.com>
Cc: <WesBurt@juno.com>
Sent: Monday, March 22, 2004 11:00 PM
Subject: [ERANet] Donald John, on The Full Employment, Green, Democratic
Solution


> Dear Donald John,
>
> Your message below is much appreciated.  It clearly shows
> that common sense and some serious thought can dispel
> most of the mystery that obstructs public correction of the
> social disorders we suffer from.  You are also quite right in
> pointing out that the US is potentially the best target for the
> efforts of serious global environmental reformers.  Your
> metaphor of the septic tank calls to mind Lord Acton's
> observation that power corrupts and absolute power
> corrupts absolutely.  Even though we elect only our
> best people to positions of power, we still need to
> shield them against the temptations of power, and protect
> ourselves against their abuse of their power.
>
> Bertrand Russell wrote 206 pages on the subject of
> POWER in 1938, and observed that there was "no reason
> why all organizations should be mortal."  The US, with its
> constitutional limits on power, He said, should persist
> indefinitely,  But Russell was thinking about the US of the
> 19th century during which the Dollar steadily increased in
> value, except during times of war, as shown on Fig10b.gif.
> at the web site below.  Russell had already discussed the
> optimum policy on page 138 of his 1915 book, "Principles
> Of Social Reconstruction," which followed Pope Leo XIII's
> 1891 "Rerum Novarum," which followed Thomas Paine's
> 1792 "Rights Of Man, Part II."
>
> The corruption which has engulfed the US, from the 1890s
> to date, is clearly illustrated by the 2.3%/year NRI (natural
> rate of inflation) shown on Fig10d.gif, thanks to the good
> offices of Bob Bronson.  His use of a log scale for the CPI
> takes away the delusion of an exponential rise of the CPI
> to a terminal condition, which is characteristic of a linear
> scale.  This presentation makes clearly visible the three
> massive injections of new money for WW I, for WW II, and
> for undefined purposes beginning in 1965.
>
> Notice that the expansion of M1 directly affected the CPI
> between 1965 and 1981, and only slightly there after,
> while the expansion of M1 continued at 10%/year until
> 1994 when it reached $1,200 Billion and stayed at that
> level for eight years, as shown on Fig2-3b.gif.  Who knows
> where the money went after 1981?
>
> The systemic defect of omission in US public policy which
> has been clearly visible since the 1890s, is the same
> defect which afflicted the nations of Europe in the late
> 1700s, and was not corrected in Europe until their
> reconstruction after WW II.  One possible purpose of the
> 1965-94 run-up of the US money supply M1 may have
> been  to swamp the correction Europe and Japan had
> made after WW II, and restore Europe and Asia to the
> financial mode prescribed by the Washington Consensus.
> That is, with 100% capitalization of development in the
> private sector and 50% capitalization of development in
> the public sector.
>
> That is not the way to establish John Gelles' global SAFE (sustainable
> and fair economy).  We need to bring back
> into the public debate the basic moral and technical
> requirements that must be satisfied to moderate the US
> economy.  And the most important requirement is an
> informed public opinion, which can read drawings and
> thereby save a million words.
>
> Kind regards to all,
>
> Wes Burt
>
>
> --------- Forwarded message ----------
> From: "Donald John" <Donald_John@hotmail.com>
> To: ERANet@yahoogroups.com
> Date: Mon, 22 Mar 2004 08:54:34 +1100
> Subject: [ERANet] The Full Employment, Green, Democratic Solution
>
> To Wes & All !
>
> I sometimes wonder if the economic situation could be
> better understood if we could talk in basics and then fine
> tune with "economists' " terms.
>
> It was once explained to me that "Money" was just a meal
> tick which we were free to spend as we wished.
>
> In other words, it was an instruction from the King to his
> chief cook, to supply us with a meal and we could have a
> choice of food from within the range available.
>
> The meal ticket could also take the shape of a "car ticket"
> and we could choose from the range of cars as with the meal.
>
> In both cases the ticket was an authorisation to purchase
> within a range of products. AN INSTRUCTION .
>
> This implied that you were not free to do what you liked
> with the ticket. That was decided by the King.
>
> If the King decided to issue a multi choice ticket you would
> then have more freedom, but the king was the Boss.
>
> In a democracy, the Governing body would decide what
> you were allowed to buy with your multi choice ticket.....They
> may decide to ban the purchase of drugs of dependance etc.
>
> The Commonwealth Bank of Australia, created credit so that
> Australian could go to the First World War and in so doing
> were the only allied country to end the war, without having
> a debt to the major world banking elite. The elite have since
> seen to it that the advantage was extinguished.(IE:- No CBA
> in Govt hands)
>
> The debt was extinguished by simply tearing up the register.
>
> This was enabled due to Australia having sufficient" raw
> material", "manpower" and "the political will" to do so.
> JUST THREE THINGS ARE REQUIRED FOR THIS FORMULA.
>
> The" political will" is the fly in the ointment and ignorant
> politicians, bankers and public servants have been
> confused by the "elite world bankers" who have conditioned
> the population to think that the banks have vaults full of
> money which is available for Governments to borrow.
>
> GOVERMENTS DO NOT NEED TO BORROW..."THEY  JUST  CREATE".
>
> Of course Governments need to be mindfull of how they go
> about the creation of credit as the value of their currency
> will be affected by their reputation on their world scene, but
> they can always barter and still do, so what we are really
> looking at now is, a world banking system which has the
> power of the King to preserve the rescources of the World,
> as opposed to that of the individual kingdom.
>
> The problem for thinking persons is, "how the hell to
> educate the global population to understand that we
> cannot just consume as we wish without giving thought
> to our neighbours."
>
> The Yanks have been consuming in an obscene manner
> for far too long and have been using more than their fair share.
>
> What we are now seeing is "a shootout at OK Corral".
>
> If the Yanks manage to capture Bin Laden, they won't be
> able to discipline him without the whole world being
> destroyed by terrorists, who will have nothing left to loose.
> THIS IS JUST A LAST DITCH STAND, as I see it. This will
> probably end up like the Irish situation, if the world powers
> are smart.
>
> The concept of a global bank has good intentions but is
> having trouble with the people who have risen to the top
> of the pile, in so much that they don't want to go back down
> to ground level, as with the "level playing field" and they
> continue to rip the system off.
>
> The elite see themselves as being the "cream" which has
> risen to the top of the milk, whereas others see them a
> representing the "septic tank" principle where the "crud"
> rises to the top and the clear water continues to flow out
> the outlet.
>
> Humans are all elitists in their own way......THAT MAY BE
> THE CHALLENGE WHICH FACES US. If we are to have
> any future at all.
>
> What do you think folks, I look forward to you comments.
>
> Regards.....Don.
>
>
>
>
> >From: wesburt@juno.com
> >Reply-To: ERANet@yahoogroups.com
> >Subject: [ERANet] John Gelles on The Full Employment, Green, Democratic
> >Solution
> >Date: Sat, 20 Mar 2004 17:35:46 -0500
> >
> >
> >Hello Again Folks,
> >
> >Please find below John Gelles' second stab at defining
> >"The Optimum Policy" (TOP) for human development.
> ~~~~~~ Snip Balance of Don's message ~~~~~~
>
>             The Optimum Policy (TOP) or The Whole Divine Law
>                  for either Human or Capital Productive Assets is
>         illustrated at <http://www.epie.org/cyber-soc/default.htm>
>         and discussed on list <TOP@topica.com>, and elsewhere.
>
>
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