Re: MONETARY: Discussion of Monetary Reform

["Dan Parker" <dan.parker@globaljusticemovement.org>]

Dear Mr. Frazee,

Having communicated with Rodney Shakespeare, and having
read the book he co-wrote with Peter Challen (who heads
the Christian Council for Monetary Justice), I can say that he,
along with many of us, are aware of the monetary dynamics
you so poetically describe.

The bigger question is how best to advance monetary
reform. We are engaged in a variety of efforts. I self-
publish a magazine, do the website for the Alberta
Social Credit Party and also one for Global Justice.
As well we have had city councils pass resolutions calling
for the creation of interest-free money etc.

I think it is important to try to bring a lot of these ideas
together to create synergy, which is needed due to the
resources of the opposition. We have put enough resources
together to effectively educate.

http://www.whitecourtweb.com/whitecourt_advisor.htm

http://www.globaljusticemovement.org/

http://www.socialcredit.com/

Regards
Dan Parker

----- Original Message ----- 
From: "Harry Frazee" <haf1776@hotmail.com>
To: <monetaryreform@cog.kent.edu>
Cc: <Rodney.Shakespeare1@btopenworld.com>
Sent: Thursday, March 02, 2006 2:55 AM
Subject: MONETARY: Discussion of Monetary Reform


> Dear Mr. Shakespeare and others discussing monetary reform.
>
> It is difficult to tell if you were the one that posted those words so I 
> will start with an apology if it was not you. Of course if it was you then 
> I hope you will read and head these words. First it is impossible to show 
> that the monetary mechanism, the one in place today in every modern 
> country benefits any one except the banks and bankers. It is easy to show 
> the this mechanism is responsible for every kind of social distress 
> cursing the societies of our planet.
>
> Here is why in the simple terms. When a bank makes a loan it does not get 
> the money from somewhere.  The money is created out of thin air.  It has 
> no material existence.  "Money" from nothing.  This is the only kind of 
> money in circulation except for coins. Their amount is negligible for the 
> discussion. While debt  "money" circulates it works to exchange the goods 
> and services we create. Here is the rub. It is not really money though 
> that is what we call it. It is debt and evidence of debt.  When  paid back 
> it is extinguished, destroyed, no longer circulates, no longer imagined to 
> exist. Because of interest charged for its use more money is required for 
> repayment than is originally created. The ramifications of these simple 
> facts are endless and they are all harmful to society.  If you cannot see 
> the harm of this system just let me know and I can give you endless 
> examples. Here are some.
>
> Where else in the business world is it possible to create an imaginary 
> product which accrues a perpetual profit.
>
> The dictum of business in today's world is make a profit or die. This 
> means that business must charge more for their goods or services than they 
> cost to produce. That is a self evident fact. But wait a moment. Now get 
> this. It means the workers are never paid enough to consume the products 
> or services they produce.
>
> Profit for business as a whole is impossible. Those that succeed have done 
> so at the expense of other which, of necessity must fail.
>
> I'll finish up this little missile with the basic proof. When the banks 
> loan money there are three requirements written into the loan, otherwise 
> there would be no loan. Keep this in mind while we learn what happens. 
> (1)We all know money cannot, will not multiply unless someone works which 
> means time has to pass. It may be a short time like the harvest of crops 
> or it may be a long time as in the growing of forest for timber. (2) Risks 
> must be run. No one can control risks. (3), For a major duration of the 
> loan the money is inaccessible, not liquid. It no longer exists for the 
> borrower. As we have noted it never really existed at all. It was paid out 
> in wages, materials etc. I can only be repaid if the project succeeds, 
> that is, makes a profit, which now means success. These conditions are not 
> rules set by economist. They are conditions contingent on the exchange of 
> solar energy in conjunction with raw materials. They require labor. They 
> are part of the physical system of the universe. There is no question of 
> their abrogation.
> "Minor usury" like industrial share holding etc means the borrower and 
> lender run an even risk and parties are content to wait for success of the 
> enterprise. Major usury , the case in most gilt edged investments, 
> especially government loans and credit creation by banks the circumstances 
> are different. When employing major usury the community must satisfy three 
> conditions laid down by the bank, (1) interest & payments are due 
> immediately, (2) No risk is run, (collateral securities are required) and 
> (3) the loan can be recalled at the discretion of the bank, ( the money is 
> always liquid); these conditions are unworkable. This impossible procedure 
> is the universal practice, the basis of banking. Our money is created by a 
> usurious process to which all three conditions are attached.
> We all partake of usury in its major and most disastrous form. The 
> structure of credit is built on it. The mortar binding it is the old 
> bitter blend of blood and tears. This may sound overstretched, fantastic, 
> poetic. It is truth. This is the reason for social distress.
>
> This hardly begins to enumerate the inequities of this pernicious system.
> Let me know if more "proof" is required as there is tons of it to be had.
>
> Warmest personal regards, Harry Frazee  Address and EMail on file
>
>
> To subscribe to this or another of COG's discussion groups register at:
> http://cog.kent.edu/register.html
> To unsubscribe from this group send a message to majordomo@cog.kent.edu
> with a single line in the body of the message that says:
> unsubscribe monetaryreform
> 

To subscribe to this or another of COG's discussion groups register at:
http://cog.kent.edu/register.html
To unsubscribe from this group send a message to majordomo@cog.kent.edu
with a single line in the body of the message that says:
unsubscribe monetaryreform