[GJM] [IndianJustice] Re: Transfrming usuriuos finance sector for assisting the debt-hit farmers

[robert searle]

Norm, my old fruit,


         I never said that your thinking is
"illogical" about money. It is certainly not. It is
just  limited to old ideas which I find predictable,
and tiresome. 

I have nothing against Binary Economics. I certainly
would give it the thumbs up, and I hope it will
succeed.....and yes, at present my knowledge on BE is
superficial but you do not need to know much to see
what is more superior  and what is less so. 

When I get the time, and energy I will have a closer
look at your link, and I will reply onsite.


Good Luck, and Keep the Flag Flying.

R.Searle




--- Norman Kurland <thirdway at cesj.org> wrote:

> Robert,
> 
> You have never explained what in my thinking about
> money and credit is 
> illogical or would stifle the growth of a just
> market economy that would 
> lift up all have-nots, without violating property
> rights of the current 
> elite controlling the global economy.  The Kelsonian
> paradigm is a new 
> general theory.  It responds to all the problems you
> are legitimately 
> concerned with . . . and much more.  Please read and
> point out what's 
> wrong with this article that was published in the
> Journal of 
> Socio-Economics, a very respectable academic journal
> willing to explore 
> new thought on changing the social order. Try
> critiquing A New Look at 
> Prices and Money: The Kelsonian Binary Model for
> Achieving Rapid Growth 
> Without Inflation.
>
<http://www.cesj.org/binaryeconomics/price-money.html>
> I appreciate that you see something good in binary
> economics but regret 
> that your understanding is superficial.  Prove me
> otherwise.
> 
> Own or Be Owned,
> Norm
> 
> robert searle wrote:
> 
> > Norm seem to be mentally trapped by backward
> outdated
> >ideas about money. One thing I am convinced about
> when
> >the time comes to go public on Transfinancial
> >Economics is that I will make sure I will target
> the
> >younger generation (notably university grads, and
> >undergrads who probably know next to nothing about
> our
> >subject), and avoid seasoned "monetary reformers"
> like
> >those on this site who are stuck in the rut
> concerning
> >the nature, and purpose of capital.
> >
> >Binary Economics is not manna from heaven. It is a
> >step in the right direction but without TFE behind
> it
> >the process for fairer wealth distribution, and
> >increased productive activity via automation will
> be
> >painfully difficult, and slow.
> >
> >
> >
> >R.Searle
> >
> >
> >--- Muhammad Mukhtar Alam
> <mukhtaralam2000 at yahoo.com>
> >wrote:
> >
> >  
> >
> >>Dear Norman,
> >>   
> >>  It is great to have your response to my
> >>submission. Stephen Zarlenga www.monetary.org is
> >>also organising a discussion for exposing the
> powers
> >>that control Federal Reserve .It is all good winds
> >>blowing across the globe for transforming the
> finace
> >>sector.
> >>   
> >>  Dr.Muhammad Mukhtar Alam
> >>  New Delhi
> >>
> >>Norman Kurland <thirdway at cesj.org> wrote:
> >>          I agree that the money systems of the
> >>world should prohibit usury.  On the other hand,
> >>there is a fundamental economic and moral
> >>distinction between money created for productive
> >>purposes (i.e., money and credit linked to the
> >>production of marketable goods and services) and
> >>money created for non-productive or even
> destructive
> >>purposes.  Common sense tells us that society
> should
> >>favor the former and discourage the latter.  The
> >>first is based on a stable currency and reflects
> >>real assets and inventories.  The second has
> nothing
> >>behind it and is therefore inherently inflationary
> >>(and therefore as Lenin understood was a hidden
> way
> >>to undermine a market economy; see Keynes in The
> >>Economic Consequences of the Peace.)  The
> following
> >>Declaration on Monetary Justice is aimed at
> getting
> >>the good kind of money power and interest-free
> >>productive credit to the people through any
> nation's
> >>central bank.  Nothing less will take away the
> >>unjustified monopoly over the creation of
> >> money and credit now in the hands of a tiny elite
> >>of financial controllers of the world's economies.
> 
> >>Those of us in the American Revolutionary Party
> >>welcome fellow revolutionary thinkers to join in
> our
> >>Global Justice Movement.
> >>
> >>            The American Revolutionary Party 
> >>DECLARATION OF MONETARY JUSTICE 
> >>    WHEREAS, the United States economy is today
> >>plagued by a growing gap between the rich and the
> >>non-rich; by continuing erosion of income security
> >>and quality of family life; by debilitating waste
> >>and underemployment of human talent; by inadequate
> >>growth alongside shackled technological potential;
> >>by growing dependency on foreign energy supplies;
> by
> >>record-level trade and governmental budget
> deficits;
> >>and by an estimated $74 trillion Social Security
> and
> >>Medicare revenue shortfall added to historically
> >>high Federal debt being imposed on young Americans
> >>and generations not yet born; and
> >>  WHEREAS, the sustainable growth and energy
> >>self-sufficiency of the American economy in the
> >>Twenty-First Century will require trillions of
> >>dollars each year of new and improved,
> >>life-enhancing technology, rentable space and
> >>physical infrastructure; and
> >>  WHEREAS, the Joint Economic Committee of
> Congress,
> >>as early as 1977, has declared broad-based
> ownership
> >>of new capital as an effective strategy for
> raising
> >>national productivity, and President George W.
> Bush
> >>has reiterated this policy in his call for an
> >>"ownership society", and
> >>  WHEREAS, the national goal of creating an
> >>ownership society has been seriously frustrated by
> >>the systemic concentration of economic power and
> >>exclusionary access to future capital credit to
> the
> >>advantage of the wealthiest Americans; and
> >>  WHEREAS, the Federal Reserve System has stifled
> >>the growth of America's productive capacity
> through
> >>its monetary policy, by monetizing public sector
> >>growth and mounting Federal debt; by favoring Wall
> >>Street speculators over Main Street commercial
> >>bankers; by shortchanging the capital credit needs
> >>of entrepreneurs, inventors, farmers and workers;
> by
> >>increasing the dependency of families by burdening
> >>them with usurious consumer credit; and by
> >>perpetuating unjust capital credit and ownership
> >>barriers between rich Americans and those without
> >>savings; and
> >>  WHEREAS, there is a fundamental difference
> between
> >>asset-backed credit for productive uses and
> >>debt-backed credit for non-productive uses or
> >>consumption, the first being critical for
> >>stimulating private sector investment, savings and
> >>the supply of new marketable wealth, and the
> second
> >>being used to give people more inflated dollars to
> >>chase the same supply of existing wealth; and
> >>  WHEREAS, the Federal Reserve Board is now
> >>empowered under Section 13 of the Federal Reserve
> >>Act to reform monetary policy to discourage
> >>non-productive and speculative uses of credit, to
> >>encourage accelerated rates of private sector
> >>growth, and to promote widespread individual
> access
> >>to productive credit as a fundamental right of
> >>citizenship;
> >>  NOW, THEREFORE, BE IT RESOLVED, that the
> Congress
> >>amend the Federal Reserve Act to require the
> Federal
> >>Reserve Board to stop monetizing government debt
> >>through its buying and selling of U.S. Treasury
> >>securities, and to begin re-activating its
> discount
> >>mechanism to encourage private sector growth
> linked
> 
=== message truncated ===>
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