[GJM] Likely Final Draft of TFE Paper....State Created Money...?

[robert searle]

Dear Mr. Hattersley, et al,

          I failed to mention a certain point which
you raised. You referred to state created money which
is a little misleading. It is certainly correct in
part , but the new unearned capital for NGOs is
something which governments would not have created via
a Treasury Bank. That task is undertaken by a Grant
Generating Bank which can either be an independent
public authority, or even an auto-profit company
explained in the text. So, strictly speaking it is not
state created money as such as governments would not
order it into being.

I suppose it really all boils down to how one
interprets the term "state created money." I am not
trying to be funny here.


R.Searle


--- robert searle <dharao4 at yahoo.co.uk> wrote:

> Dear Mr. Hattersley,
> 
>          Thank you for your response though it was
> quite predictable. With respect, in the main article
> which follows the summary the basics of inflation
> control are explained in crystal clear language
> without the endless obscure complexities found in
> many
> mainstream economic papers...all of which are
> somewhat
> questionable, and arguably "unscientific".
> 
> Moreover, there are probably more enlightened
> economists who would take TFE seriously. I have come
> across a few already.Ofcourse, there will always be
> sceptics, and naysayers....that is the way the world
> goes.
> 
> However, if TFE can be successfullyu implemented it
> would be would be one of the greatest breakthroughts
> of the 21st century because it will solve many of
> our
> social, economic, and political problems.
> 
> 
> Regards,
> 
> Robert Searle.
> 
> 
> 
> --- Martin Hattersley <hattersleyjm at interbaun.com>
> wrote:
> 
> > I'm not really convinced by the thrust of your
> > paper.
> > 
> > I would at least like to know what program your
> > "advanced computer 
> > technology"  would be running in order to save the
> > value of the monetary 
> > unit when major quantities of state created money
> > are put into circulation.
> > 
> > 
> > Martin Hattersley
> > 5929 - 189 St.,
> > EDMONTON AB CANADA T6M 2J1
> > Phone (780)483-5442.
> > jmartinh at shaw.ca
> > e-mail: hattersleyjm at interbaun.com
> > ----- Original Message ----- 
> > From: "robert searle" <dharao4 at yahoo.co.uk>
> > To: <discussion at globaljusticemovement.net>
> > Sent: Sunday, September 03, 2006 6:35 AM
> > Subject: [GJM] Likely Final Draft of TFE Paper.
> > 
> > 
> > >
> > > Dear All,
> > >       I thought I might as well send my revised
> > draft
> > > on TFE....though I expect some of you may be
> > getting a
> > > bit bored with it. I hope not. The projected
> book
> > > entitled The Non-Taxation Revolution; Monetary
> > Reform,
> > > and Global Justice will be more informative, and
> > > interesting. It will also be well referenced.
> > >
> > >
> > > R.Searle.
> > >
> > >
> > >
> > > A Brief Summary.
> > >
> > > The following should give one a very brief
> > overview of
> > > Transfinancial Economics, or TFE which then
> leads
> > on
> > > to a more detailed article, or "paper". It is
> > should
> > > just take a few minutes to read for those
> pressed
> > for
> > > time. Also, please note that TFE at the time of
> > > writing is a research, and development project.
> > The
> > > same is true of Positive Human Politics (PHP)
> > which is
> > > not discussed here.
> > >
> > > TFE is also known as Non-Taxation Monetary
> Reform.
> > It
> > > believes that new unearned money could be
> created
> > for
> > > democratic governments both local, and national
> > > without raising taxes. Many NGOs, or independent
> > > non-governmental organizations could also be
> > funded in
> > > a similiar manner either in full, or in part.
> > Thus, in
> > > most cases, fundraising, and donations should be
> > > largely unnecessary.
> > >
> > > This can also lead to greater decentralisation
> of
> > > power from central government. Responsible
> direct
> > > participatory democracy at a local, and national
> > level
> > > should be recommended as the way forward as
> > politics,
> > > and politicians have clearly lost much
> > credibility.
> > >
> > > The creation of new unearned money without
> taxes,
> > or
> > > fundraising would not lead to uncontrolled
> > inflation,
> > > and devaluation of currency.This would be
> directly
> > > controlled by advanced computer technology.
> > However,
> > > anonymous cash transactions would still be
> > possible.
> > >
> > > There is more than enough money to change the
> > world.
> > > The problem notably for NGOs is legal access to
> > it.
> > >
> > > In TFE there is no redistribution of financial
> > wealth,
> > > but NGOs concerned with fairer wealth
> distribution
> > > such as Binary Economics would be financially
> > > empowered as never before. Thus, their influence
> > on
> > > public opinion would be far greater.
> > >
> > > TFE is a arguably a transitional system that
> would
> > > hopefully lead from the greed of competative
> > > capitalism to fairer economic systems both
> large,
> > and
> > > small which would cooperate with each other.
> > > Ultimately, as human nature evolves to a higher
> > level
> > > of development, and understanding money as
> > electronic
> > > transmissions, and as cash would no longer
> > > exist.Everything would be free on demand.
> > >
> > > However, TFE realizes that the present
> competative
> > > capitalist system is too well entrenched in the
> > > society for it to be removed. As such it does
> not
> > > waste time opposing it but uses its new
> > understanding
> > > of money to allow it to flourish. More
> > importantly,
> > > and at the same  time, there is also the new
> > financial
> > > empowerment of NGOs concerned with social,
> > economic,
> > > and political reform.  They would be able as
> never
> > > before to speed up the pace of positive change
> > which
> > > may well lead to part, or wholescale replacement
> > of
> > > competative capitalism. Co-operative type
> economic
> > > systems may then take their place.
> > >
> > > Apart from the creation of new unearned money
> > interest
> > > free loans could also be created. In TFE we are
> > also
> > > dealing with a high, or higher growth economy.
> > With
> > > the introduction of a tax, and interest free
> world
> > > research, and deployment of various simple, and
> > > complex sustainable technologies would be
> speeded
> > up
> > > as never before to ensure that total resource
> > scarcity
> > > cannot happen..
> > >
> > > The possible social, economic, and political
> 
=== message truncated ===



		
___________________________________________________________ 
Try the all-new Yahoo! Mail. "The New Version is radically easier to use" – The Wall Street Journal 
http://uk.docs.yahoo.com/nowyoucan.html