[GJM] Working with Banks, and Corporations to Achieve a High Degree of Global Justice?

[robert searle]

With respect, I do not think you understand how
Transfinancial Economics work. Hyper-inflation via the
creation of new unearned money is an impossibility.
Remember that virtually all money exists as electronic
transmissions from one account to another. Most
products, and services would by law be subject to
super-flexible pricing which allows for competition.
The full methods of how this works has yet to be fully
worked out  with the help of economists, and IT
experts. 

Such electronic controls over inflation are clearly
possible. They are the downside of TFE but businesses
would learn to accept  them because taxation, and
interest on loans would no longer exist in a TF
economy.

Again, in TFE hyper-inflation, and mass devaluation
are virtually impossible. 

Regards

Robert Searle
--- Steve Nieman <stevenieman at mac.com> wrote:

> Dear Robert, Steve and all,
> 
> Another thing to try while we wait for political
> processes to address  
> these enormous problems with the way our governments
> create and  
> deploy currency and credit is start new corporations
> that don't buy  
> into this system.  Offer your customers low-cost
> credit NOT  
> compounded, but simple interest.  Explain to them
> how this racket  
> works, and how this business is NOT going to operate
> that way.  Offer  
> securities that don't enslave people yet create real
> new wealth.  New  
> banks could be started offering credit that will
> actually work in the  
> economy.
> 
> I know this takes a lot of effort, but some of us
> have begun this  
> process.  And it's been a lot of fun so far.  People
> just eat it up  
> when they become convinced they truly are getting a
> better deal.
> 
> Just like Steve Consilvio points out in his article
> The Interest  
> Mechanism (and numerous other authors have too), the
> geometric facts  
> of compounded interest and inflation doom REAL,
> stable businesses.   
> Start one that won't head down this road.
> 
> At some point, you will out-compete companies who
> are using the  
> doomsday business plan.
> 
> Regards,
> Steve Nieman
> Interim CEO, Downwind Corp
> ~~~~~~~~~~~~~~~~~~~~~~
> On Feb 21, 2007, at 4:14 AM, robert searle wrote:
> 
> > Dear Steve Consilvio, et al,
> >
> >              It is good to see you on the site,
> and
> > making interesting contributions.However, there
> are a
> > number of points to be made.........
> >
> > You are right to some extent in saying  that you
> > cannot"bribe" banks, and corporationsinto moral
> > behaviour, and that this is patently absurd. What
> we
> > are talking about here though is OUTER CHANGE, and
> not
> > inner change. The latter is more difficult to
> alter if
> > not impossible in connection with mega..mega
> business.
> >
> > But what is the alternative? There is virtually
> none
> > except the same old line about society becoming
> moral,
> > less selfish, and materialistic. Can you ever
> imagine
> > banks, and corporations ever doing this unless it
> is
> > in their own financial interest? The answer is
> clearly
> > no.
> >
> >  It is absurd  to suggest that business people in
> > corporations, and banks are suddenly converted to
> > morality by simply having financial incentives to
> > change the ways they operate. But that is NOT THE
> > POINT.
> >
> > Money, and power is all that they fully, and
> really
> > appreciate so you have to somehow reach them at
> their
> > own level so that humanity has a chance of
> SURVIVING .
> > Alternatively, we can waste our time USELESSLY
> through
> > launching a moral campaign for monetary
> > reform.....unless ofcourse there is a huge amount
> of
> > public support which is unlikely.
> >
> > Moreover, it would take too much time, and finance
> for
> > it to be truly successful. Unfortunately, we do
> NOT
> > have much time if this planet is to survive. This
> is
> > the key point. So, we have to put our moral
> > perceptions on monetary reform, and the super rich
> on
> > the backburner for the time being, and embrace the
> > evolving concepts of Transfinancial Economics.
> >
> > I have to admit to find that a few people on this
> site
> > are somewhat naive, and unrealistic when it comes
> to
> > monetary refor. However, everyone has the human
> right
> > to express their opinions.
> >
> > Regards,
> >
> > Robert Searle.
> >
> > ~~~~~~~~~~~~~~~~~~~
> >
> > --- Steve Consilvio <steve at behappyandfree.com>
> wrote:
> >
> >> Profit and Interest are both mathematically
> >> impossible in the long
> >> term. (See The Interest Mechanism on my website.)
> >> Both create
> >> inflation and the inevitable division of wealth
> >> follows, along with  (snipped)
> 
> 
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