[GJM] John Williams' hyperinflation view of US - reaffirms Batra's "Crash of the Millennium" [CITS Debt Watch Alert]

[Rodney Shakespeare]

Dear Curtiss,
The paper is right to point out the coming likelihood of stagflation and hyperflationary depression (and even a twenty year black Slough of Despond!)

But it is not just a matter of linking to gold as the long term solution.  The need is for a fiat creation to be directly and responsibly linked to the development and spreading of productive (and the associated consuming)  capacity so as to achieve a Say's Theorem balance of producers and consumers and the forwarding of social and economic justice.  Needless to say, the fiat creation must be repaid and cancellable.  If this is combined with 100% banking reserves the overall effect is counter-inflationary (not deflationary).  Counter-inflation is more wealth for all but at lowered prices. These matters can be seen at www.binaryeconomics.net

Generally, gold supporters (rightly) have a hatred of inflation) but, alas, often seem to have  little, if any, sense, of a modern market economy properly serving all and forwarding social and economic justice.

As for the huge sums needed for big enviromental capital projects, a gold system could never find the money whereas binary economics (which is not inflationary)  most certainly can.
Yours,
Rodney Shakespeare. 


----- Original Message ----- 
From: "W. Curtiss Priest" <bmslib at mit.edu>
To: "List, Cyberspace Society" <cyber-soc at topica.com>; "List, Debt" <Debt at topica.com>; "List, Discussion Forum for Global Justice Movement" <Discussion at globaljusticemovement.net>; "list, Federal-Debts" <federal-debts at topica.com>; "List, IJCCR" <ijccr at yahoogroups.com>; "List, LWSIDE1" <lwside1 at yahoogroups.com>; "List, Social Credit" <socialcredit at ecn.net.au>; "List, Telecom Policy - NorthEast list" <tpr-ne at mit.edu>; "List, TOP (The Optimum Policy)" <TOP at topica.com>
Sent: Monday, June 02, 2008 6:03 PM
Subject: [GJM] John Williams' hyperinflation view of US - reaffirms Batra's "Crash of the Millennium" [CITS Debt Watch Alert]


> Why dare be in the US dollar?
> 
> http://www.shadowstats.com/article/292
> 
> WCP
> Editor, CITS Capital & Debt Watch
> -- 
> 
>    W. Curtiss Priest, Director, CITS
>      Center for Information, Technology & Society
> 466 Pleasant St., Melrose, MA  02176
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