[GJM] TFE, and the Ecologist...Error!

[robert searle]

 Sent by Mistake!

R.Searle.


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

> Note: forwarded message attached.
> 
> 
> Dear Brian Leslie,
> 
>          I happened to send you see your letter in
> the
> Ecologist today.It was interesting, and was laying
> down the traditional view concerning monetary
> reform.
> 
> You may like to use my piece on TFE for your
> magazine.
> I would look forward to your response.
> 
> Robert Searle
> 
> 
>      
>
___________________________________________________________
> Yahoo! Answers - Got a question? Someone out there
> knows the answer. Try it
> now.
> http://uk.answers.yahoo.com/ > Date: Thu, 13 Dec
2007 14:18:06 +0000 (GMT)
> From: robert searle <dharao4 at yahoo.co.uk>
> Subject: TRANSFINANCIAL ECONOMICS, A BRIEF,
> 	AND LUCID  INTRODUCTION. Certain  Updated Changes,
> 	and Editing of the Original Article.
> To: discussion at globaljusticemovement.net
> 
> 
> 
> Transfinancial Economics, or TFE is a new paradigm,
> or
> radical concept of immense importance. It offers a
> more
> advanced understanding of money, and how it can
> seriously help the world, and its problems such as
> the
> credit crunch, global warming, poverty reduction,and
> the like. This exposition is brief,and "simple", as
> well as  to the point even though there are certain
> other aspects to it which we cannot discuss here.
> 
> 
> Central to TFE is that apart from earned money new
> unearned non-repayable funding could be created
> responsibly. This would not lead to damaging
> inflation, and huge currency devaluation as this be
> directly controlled by advanced programming of
> private
> bank computers.
> 
> 
> 1. Legal Access to Financial Power.
> 
> 
> There are three key organizations that could gain
> with
> newly created non-repayable money:-
> 
> (i) Democratic Governments:  
> 
> These would no longer need to raise taxation for
> their
> social,economic, and political programmes. Instead,
> capital could be responsibly created for them by a
> special private bank, or genuine independent public
> body.
> 
> (ii) Local Democratic Governments:
> 
> Like the above taxation of a local kind would no
> longer be necessary, and new funding would be
> created
> responsibly.
> 
> (iii) Grant-Making Bodies: 
> 
> These along with certain government agencies could
> recieve new non-repayable capital, and decide to
> finance NGOs in full, or in part This would ofcourse
> mean that charities notably with strong humanitarian
> causes would no longer have to rely on fundraising.
> 
> The only limitations to the successful use of new
> unearned money by democratic governments, and NGOs
> are
> NATURAL ones that is effective planning, and the
> best
> use of limited resources. However, money, which is
> an
> ARTIFICIAL creation would still be earned in the
> normal fashion. This constitutes the Economic
> Financial System whilst the Human Financial System
> is
> what we are discribing in the main.
> 
> 
> 2. The New Vision of Capital.
> 
> TFE aims to maximize the power of money for the
> greatest possible good for humanity. Its moral
> foundations for new unearned funding are briefly
> explained:-
> 
> 
> A.Earned, and Unearned Money have Equal Value.
> 
> 
> a. All money originates from an unearned source of
> creation, and becomes earned in the Economic
> Financial
> System. From an objective  viewpoint, such unearned
> funding is just as valuable as its earned
> counterpart
> because it is legal tender.
> 
> 
> B.Free Money Already Exists.
> 
> b. It is said that nothing is free in this world.
> This
> is not true as free money exists to a limited extent
> as prize cash, government grants, charitable
> donations, wills leaving money, and so on. It is
> important to also realize that so-called "passive"
> incomes of the Economic Financial System require
> little, or no effort (ie. almost "unearned")on the
> behalf of the individual. Examples could notably
> include investments in "safe" shares, and property
> rents.
> 
> 
> C. Gradual Human Evolution from Earned Capital to a
> Money-Free World.
>  
> 
> c. If new non-repayable money can be easily created
> then why should it be earned? The answer ofcourse is
> that society, and the economy would collapse, and
> chaos could ensue. 
> 
> TFE represents a TRANSITIONAL, or EVOLUTIONARY
> PROCESS
> in which we need to have the MENTAL MATURITY to
> understand the point that earning money is still
> essential until the time comes when most forms of
> work
> would become fully automated with advanced
> technology.
> This process is ofcourse happening, and with a new
> understanding of capital new kinds of productive
> activity notably "leisure-like" pursuits would be
> possible either in a profit, and/or non-profit
> setting. Ultimately, in some future age money itself
> would be abolished, and an advanced Money-Free
> World,
> or Gift Economy would emerge.
> 
> 
> D. "Funny Money" already exists..
> 
> 
> d. Critics might well regard the creation of new
> non-repayable funding as "funny money". However, it
> already exists as banks can create it OUT OF THIN
> AIR
> as electronic data, and make a loan with it. Thus,
> as
> soon as it is produced it is new UNEARNED money. The
> key difference though is that it is made repayable
> as
> a loan with interest ofcourse! This can be seen as
> "funny money" which has to be paid for by EARNED
> money
> from the customer!
> 
> 
> E. Money,or Humanity? The Higher Human Value of
> Capital in the World.
> 
> 
> e. Most people realize at heart that capital has no
> real intrinsic value as it is no longer backed  by
> gold. In other words, it is a token acting as a
> medium
>  of exchange, and our collective confidence in it
> creates its great power. 
> 
> In TFE we are dealing with a form of ethical
> economics
> because capital is seen as having a HIGHER HUMAN
> VALUE. This adds another deeper dimension to the
> nature, and purpose of money, and one which gives it
> far greater power than at present exists. 
> 
> In the light of this, it becomes clear that if new
> non-repayable money can be created responsibly
> without
> serious inflation it should be seen as something of
> great worth, and power  even if it is something
> unearned. It means that many social, economic, and
> political problems would be sorted more effectively
> especially if good planning is put in place by
> democratic governments, and NGOs....
> 
> 
> F. Taxation is no longer necessary in the 21st
> Century.
> 
> 
> f. If new unearned money can be created successfully
> then it puts an end to the tyranny of direct, and
> indirect taxation. This would make life easier for
> everyone. 
> 
> It would be UNETHICAL not to allow the emergence of
> a
> tax free economy to take place especially when we
> have
> the technology to control inflation levels. This
> would
> probably let the responsible creation of new
> unearned
> money to be successfully transmitted for the proper
> funding of various social, economic, and political
> programmes undertaken by democratic governments, and
> NGOs.
> 
> It should also be said that there is arguably enough
> 
> 
=== message truncated ===>
_______________________________________________
> Discussion mailing list
> Discussion at globaljusticemovement.net
>
http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net
> 



      ___________________________________________________________
Yahoo! Answers - Got a question? Someone out there knows the answer. Try it
now.
http://uk.answers.yahoo.com/