From: | "Annette and Martin" <ajackson123(at)bigpond.com> |
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Date: | Sat, 13 Dec 2008 10:04:15 +1030 |
Subject: | Re: [WDDM] Restructuring the Global Economy |
Vijayaraghavan, The cause of the current economic
crisis:
Refer to The Money Masters (2005) and
what Larry Bates of former banker (a bank president for 11 years)a member
of the Tennessee house of representatives( he chaired the committee on banking
and commerce,a professor of economics,and the author of the best seller book The
New Economic Disorder, states wealth is not lost it is merely transferred, so
recently there has 46 Trillion Dollars plus transferred.
Global warming is also apart of the game, the
Rothschild and the Rockefeller foundations, they funded the earliest earth watch
summons. Human wellness isn't part of the game,
globalisation is, and reduction of the human population is. Work towards a global money system, they first have
to destroy nation state money systems first, sending them broke. People have know for over a
decade of what was coming: Some answers to important
questions-Answers by John Seale
How can you control interest rates? By allowing the nation’s Central Bank to trade in competition with the Trading Banks and by ensuring that the Central Bank is under the direct control of the Parliament.Then in effect parliament controls interest rates.Also the Central Bank legislation bans trading in the nation’s currency. How can you control inflation? Ensure that the Central Bank is the major emitter of new money and that such emissions are only for productive purposes — infrastructure, health, education, financing manufacturing and primary industries.Legislate against any bank financing speculation and gambling. How can you control your currency against other countries?Fix the exchange rate with each trading partner through a series of Bi-lateral agreements from time to time. Can you print too much money? Theoretically, no, provided the emission of new money is tied to productive purposes and national assets in the form of infrastructure owned by the Country. If you paid,tomorrow all the people of the world a living income what effect would this have on the economy? The USA would become the basket case, China would have to redirect its massive export of manufactures towards its own people, and countless other adjustments of monumental proportions would take place in all other countries; but in summary, I think that the end effect would be a decided improvement compared to the present where industrialists prey on cheap labour to increase profits.Henry Carey in his Harmony of Interests on the issue of ‘cheap labor is expensive labor’. What importance's is an economic balance? But if you refer to an ‘economic balance’ as being a complete harmony between primary industries and manufacturing coupled with provision of a high standard of education and national wellness plus first class infrastructure; then that form of ‘economic balance’ is highly desirable. The equilibrium of money is this important? Not to a National System economist! But it is the holy grail of Classical economists. Your proposed model of money flow? Intra-national only. Forbid the export of the nation’s currency. In countries such as the Russian Republic, Poland or Brazil where the printing presses run full tilt to pay for government operations, money supply is expanding rapidly and the currency becomes rapidly worthless compared to goods and services it can buy? Creation of new money should largely be the province of the nation’s Central Bank and there should be a strict policy to issue it for new infrastructure and for other productive purposes. i.e. not for refinancing, gambling or speculation. The Home Market Local exchange is better than foreign exchange,it is more desirable,more economical,more profitable,more beneficial to workers,producers,consumers. It is is a more efficent allocation of resourses where domestic production is in close harmony with domestic consumption.The home market for productions of earth and manufactures,is of more importance than all the foreign ones,even in countries which carry an immense foreign commerce.Thus wealth is a function of the productive powers of a nation.The national wealth consists of the nation's ability to consume current material goods ('consumption power') and the nation's sovereignty and independence.Individual wealth consists of an individual's health,wealth,security and happiness.Productive powers as consisting of the mental and physical powers of the individuals;from social,municipal,and political conditions and institutions;from natural resources;from the instruments it prosseses for mental and bodily exertions What is National Systems Economics This system puts people and the nation first Real measures of increasing the wealth of the nation Below are the measures W=F(PP) PP=So(NI+PI+HC(WF)=HM-(x-m) NI=F(Sa+ND) W-Wealth,F-Function,PP-Productive Powers,So-Social,NI-National Interest,PI-Private Investment,HC-Human Capital,WF-Work Force,HM-Home Market,x-exports,m-imports,Sa-Savings and ND-National Determination The Economic Spectrum If we were to draw a line constructing the range of types of economic systems,then on the extreme right of the spectrum of economics is 'laissez-faire',on the extreme left is the Command model,but in the middle is National Systems Economics. At the extreme left of the spectrum is located the Command model -for example Soviet Russia or Nazi Germany-a system for total government control,such as communist or nazism. Features of such economies are: the 5 year plan,setting of prices,elimination of personal choice,a war economy. People behind communism theory Karl Marx and Friedrich Engels National Socialist German Workers Party for the Nazism theory On the extreme right,is the laissez-faire or libertarian model. Here private wants working through the forces of demand and supply and the profit motive,determine the allocation of resources. Contemporary examples of laissez-faire would include:deregulated banking,privatization of infrastructure, privatized money supply,free trade,privatized prisons,hospitals,education and law enforcement. People behind laissez-faire theory. Adam Smith-Wealth Of Nations Jeremy Bentham-Pursuing pleasure and avoiding pain. Thomas Malthus-The fine balance between population and economic resources. David Ricardo-Three competing classes,landowners,labourers and proprietors. John Stuart Mills-Arguing for market forces. In the centre of the spectrum,is National System Economics This is a school of economics arguing for private enterprise,and the nation state with sovereign control over its own economic destiny. Its purposes a dirigist state in which the national government facilitates the construction of national infrastructure,funded from a central bank 'national credit',as opposed to taxes or private bank debt. Private enterprise provides the muscle,does the work,and individuals reap the benefit. People behind National System Economics theory Friedrich List-National system of political economy Daniel Raymond- The elements of political economy John Rae-Prinicples Henry Clay-The harmony of interests Erasmus Peshine Smith-A manual of political economy Alexandra Hamilton-Public credit and national banking David Symes-Outline of an industrial science. Don Veitch and John Seale-National system economics:The executive summary. Regards
Martin
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