[GJM] Panic time? CITS Debt Watch Alert: RBS issues global stock and credit crash alert

Thu Jun 19 06:13:57 MDT 2008

Dear Rodney,

Greeting for peace,

Interest free loans and controlling the money supply is key to prevent the rising inflation, eliminating ecologically hostile money. I would be forwarding your mail on behalf of Centre for Ecological Audit, Social Inclusion and Governance to a member of House of Commons for the needful.

With warm regards and prayers for success,

Dr.Muhammad Mukhtar Alam

--- On Thu, 19/6/08, Rodney Shakespeare <rodney.shakespeare1 at btinternet.com> wrote:

From: Rodney Shakespeare <rodney.shakespeare1 at btinternet.com>
Subject: Re: [GJM] Panic time? CITS Debt Watch Alert: RBS issues global stock and credit crash alert
To: mukhtaralam2000 at yahoo.com, "Discussion Forum for Global Justice" <discussion at globaljusticemovement.net>
Cc: "Dan Parker" <dan.parker at globaljusticemovement.org>
Date: Thursday, 19 June, 2008, 5:10 PM

Dear Mukhtar,

In London we are making presentations and speaking at conferences and one consequence of the heightened awareness that some sort of global financial collapse could be in the offing is undoubtedly a greater interest in potential solutions.  Indeed, in the last two weeks there have been signs of some excellent progress being made.

However,  governments still think that the global problems are only the result of temporary little difficulties which will soon resolve themselves and then, they think,  everything will be back to normal....In thinking this, of course, they are expressing the most fundamental aspect of neoclassical economics (that everything comes back into equilibrium or balance) which is increasingly being revealed as ossified, out-dated -- and profoundly wrong.

A few weeks ago Peter Challen had a chat with Bernard Lietaer (world monetary expert)  who commended the technical excellence of the use of interest-free loans for the development and spreading of forms of productive (and the associated consuming) capacity etc but he repeated what he had said to Peter and I six years previously (in Kuala Lumpur), namely, that the existing power structures will always prevent the use of interest-free loans (and that is why Bernard now concentrates on complementary currencies).  

BUT Bernard also said that a global financial collapse of some sort is coming, that the window of opportunity will be quite short -- perhaps only a matter of a few weeks before chaos and violence set in -- and that knowledge of the technical solution must  somehow be got out in advance of the collapsing situation.

Which brings me back to your email -- I, for one, am always ready to speak to government or anybody else but, at the moment, government is  mentally obdurate, even paralyzed, and it is not easy to make contact with people who do not yet realise that they have a really big problem which is not soluble within their paradigm. 

If you are able to elicit governmental interest by, for example, the use of the relevant websites or in any other way, we in London are always available to respond.

Warm regards,

Rodney Shakespeare. 

----- Original Message ----- 
From: Dr.Muhammad Mukhtar Alam 
To: Discussion Forum for Global Justice 
Cc: Rodney Shakespeare ; Dan Parker 
Sent: Thursday, June 19, 2008 11:19 AM
Subject: Re: [GJM] Panic time? CITS Debt Watch Alert: RBS issues global stock and credit crash alert

Dear Rodney, It is time to present the GJM proposals to the finance ministers of EU nations and others.Let us help the ministers in getting out the trouble with solutions that are in compliance with divine commands on usury and then in pursuance of secular binary analysis.

Dr.Muhammad Mukhtar Alam

--- On Thu, 19/6/08, W. Curtiss Priest <bmslib at mit.edu> wrote:

From: W. Curtiss Priest <bmslib at mit.edu>
Subject: [GJM] Panic time? CITS Debt Watch Alert: RBS issues global stock and credit crash alert
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>
Date: Thursday, 19 June, 2008, 4:11 AM

Subject: Panic time?  CITS Debt Watch Alert: RBS issues global stock and
credit crash alert

Some remember.  Adam Smith was a Scot and RBS is Scotland.  Smith
did not say everything that has been attributed to him.  He lived in
the Age of Enlightenment -- a very more gracious age than ours.  Do
read the Wealth of Nations !  Very sensible.

Adam Smith would be horrified with US America (2008).  Actually,
he would have been horrified with US America (1980).

If you want to know how banks are supposed to know their
customers, please read Roger Ward Babson Banking, "Bond and Stocks:
The Elements of Successful Investing" (1919).  I have an original
copy (lists for sale at Alibris, only $360) -- guess it was
a good investment at $5.  (Babson advised clients to get out
of the market in 1928!  His debates with Irving Fisher of
Columbia University are a tad like someone trying to tackle
Bernanke ... whichever, it won't matter.)

I have visited some banks recently.  An elderly woman was
eager to chat.  She said she couldn't believe what happened
to the laxness in banking since she was a clerk in 1972.
I nodded, knowingly.  I said, "yeah, it is all done with a
single rating score."  By-the-by, speaking of single rating
scores, today's news -- the SAT's -- even the improved SAT's --
only have a 49% predictive relation to actual performance in
college.  Many colleges and universities are dropping them!

Yeah, there's nothing quite like that old-fashioned, "know
your customer."

Whichever, when the Royal Bank of Scotland advises its clients
to brace for a full-fledged crash in global stock and credit markets,
I think it is time to smell the dung heap.

Really!  Think about it.  The writing has been on the wall in
blazing neon for the last ten years and has been plastered on
billboards for the last twenty years.

Did you think it was a fantasy?  "Money for nothing and chicks
for free," (Dire Straits)

W. Curtiss Priest
Editor, CITS (CKL&S) Capital & Debt Watch
-- 

	   W. Curtiss Priest, Director, CKL&S
	 Center for Knowledge, Learning & Progress
    (formerly the Center for Information, Technology & Society)
	 466 Pleasant St., Melrose, MA  02176
   781-662-4044  BMSLIB at MIT.EDU http://Cybertrails.org_______________________________________________
Discussion mailing list
Discussion at globaljusticemovement.net
http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net

Explore your hobbies and interests. Click here to begin.

      Check out the all-new face of Yahoo! India. Go to http://in.yahoo.com/
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://globaljusticemovement.net/pipermail/discussion_globaljusticemovement.net/attachments/20080619/7eea8529/attachment-0001.html 