[GJM] James Robertson.....and Ryan the Multiple Personality Joker...........Yawn!

Sun Mar 23 06:13:59 MDT 2008

Dear Chris Cook,

       Yes, I assumed it must be Ryan...but it does
get boring!! I wonder which persona  he might like to
take on next...perhaps Ben Benanke, or Noddy, or God
knows who!!Yaawwn!!

R.Searle.

--- chris cook <cojock at hotmail.com> wrote:

> 
> Robert
>  
> Peter Hogwood and Zack Johnson, Myro
> Ishouldgiveadamn (or whatever) are all just William
> Ryan playing games.
>  
> He's in respectful mode with people he considers his
> intellectual peers, and goes into abusive mode with
> anyone else, which means he gets banned as a troll
> sooner or later on most forums he's involved in,
> except the ones which operate in quite a rarefied
> atmosphere.
>  
> So on IJCCR he had several personae, and I caught
> him red handed at it, Rodney will remember.
>  
> Best Regards
>  
> Chris> Date: Sun, 23 Mar 2008 10:14:25 +0000> From:
> dharao4 at yahoo.co.uk> To:
> discussion at globaljusticemovement.net> Subject: Re:
> [GJM] James Robertson.....Multiple Personality
> Disorder?> > Dear Rodney, et al> > I have noticed
> that "Peter Hogwood" claims to be> a certified
> accountant in Monroe, Louisanna. Yet,> "Zack
> Johnson" also claimed the same if I recall>
> correctly. I know we have had this problem before,
> and> there has been much speculation in connection
> with> "Myro" if I remember the Christian name
> correctly.> > Maybe somebody is having a laugh at us
> at our own> expense...hhmmm...hmmm.....> >
> R.Searle.> > > > --- Rodney Shakespeare>
> <rodney.shakespeare1 at btinternet.com> wrote:> > >
> Peter,> > Thankyou for replying.> > > > 1. If
> mortgages come from the actual savings of> >
> Building Society > > depositors (so that their
> accounts are at risk) > > then at least it can be >
> > argued that interest (in addtion to the> >
> administration cost) is a "reward" > > or something
> for the depositors.> > > > But if the mortgage comes
> from a bank which has> > created the money out of >
> > nothing (i.e., simply by making a new computer> >
> entry) why should the bank > > charge interest in
> addition to administration cost?> > That is highway
> > > robbery.> > > > You are mixing interest with
> administration cost. > > Of course, genuine > >
> administration cost should be paid for -- a 0% loan>
> > would also have perhaps > > a half per cent
> administration cost (after all, it> > is generally
> done by > > standing order and automatic computer
> entries). On> > a $200,000 loan half per > > cent is
> $1,000 per year which is ample. (NB However,> > half
> per cent on a > > declining balance is an annual
> percentage rate of> > considerably more).> > > >
> Paying for genuine administration cost upholds free>
> > market principle but > > paying interest does not
> -- it distorts the basic> > market mechanisms.> > >
> > Borrowing $200,000 and repaying $600,000 is an> >
> outrage which is not > > accountable to
> administration cost and nor should it> > be due to
> inflation. > > Inflation is not due to the fairies:
> it happens> > because the banking system > >
> endlessly creates money out of nothing. Your> >
> reference to "depository > > money" is a load of
> nonsense. Today's money is not> > gold and -- you do
> not > > appear to have noticed -- it keeps
> increasing.> > > > 2. You appear to be remarkably
> sanguine about the> > financial system and say > >
> that 10% of the sub-prime loans have failed and> >
> about 90% percent are > > current. If that is so,
> then God help us -- the> > present crisis (caused by
> > > the failing 10%) will become catastrophic if
> another> > 10% go down (which is > > what a lot of
> people think will happen).> > > > 3. Yes,
> administration cost includes salaries and> > can
> include an element of > > risk premium. But -- to
> listen to you -- a thing> > called "interest" does
> not > > really exist in the real world. When Nigeria
> paid> > back eight times the > > original principal
> of a loan, there was virtually no> > administration
> cost > > because the administration was done by the>
> > Nigerians. Interest is > > generally a rip-off and
> a distortion of the market> > mechanisms.> > > > 4.
> I am pleased to note that you think your country> >
> could be improved. > > Accusing Steven Nieman of
> being against the American> > way of life looked
> very > > much as if -- like a Cheyney or a Bush
> failing to> > mention the Bremer > > Orders-- you
> were trying to wrap yourself in the> > American flag
> instead of > > debating properly.> > > > > > Rodney
> Shakespeare.> > > > > > > > ----- Original Message
> ----- > > From: "Peter Hogwood"
> <p_t_hogwood at yahoo.com>> > To: "Discussion Forum for
> Global Justice" > >
> <discussion at globaljusticemovement.net>;> >
> <socialcredit at elistas.com>> > Sent: Saturday, March
> 22, 2008 11:02 PM> > Subject: Re: [GJM] James
> Robertson> > > > > > > Rodney, my replies are
> inserted [Reply]:> > >> > > Peter Hogwood> > >
> Certified Public Accountant> > > Monroe, Louisiana>
> > > -> > >> > > Dear Peter,> > >> > > With reference
> to your reply to Steven Nieman on> > home> > >
> loans.> > >> > > 1. You appear to be convinced of
> the virtues of> > the> > > present American 'free
> market' and refer to> > contracts> > > freely
> entered into by the parties. In your view,> > are> >
> > the "sub-prime" mortgages now damaging the> >
> financial> > > system freely entered into by the
> parties?> > >> > > Moreover, do you generally
> approve of them and the> > > circumstances which
> produced them?> > >
> ---------------------------------------------> > >>
> > > [Reply]: I generally approve of them but there>
> > was> > > certainly fraud involved with some of
> them. It> > should> > > be noted that only about ten
> percent of them are> > in> > > default or in
> arrears, which is certainly a> > > significant
> number, but which also means that> > ninety> > >
> percent of them are current.> > > -> > >> > > 2. If
> the banking system were to be limited in> > its> > >
> present ability to create money out of nothing,> >
> would> > > you think it a good idea for home loans>
> > (ultimately> > > coming from the national bank) to
> be issued at 0%> > > interest (but, of course, with
> an administration> > > cost)? Plus, of course,
> criminal penalties for> > > deliberate
> falsifications of income and valuation.> > >
> ---------------------------------------------> > >>
> > > [Reply]: "Out of nothing" simply means that> > >
> depository money is created by contracts written> >
> on> > > paper, rather than something tangible dug
> out of> > the> > > ground, like gold. There is
> nothing nefarious> > about> > > the phrase
> whatsoever.> > >> > > I prefer the principle that
> the purchasers of> > goods> > > and services should
> generally pay for the costs of> > > supplying them,
> which would not be the case for> > zero> > > percent
> loans. It distorts the very concept of> > the> > >
> free enterprise economy.> > >> > > What you call
> administration cost is only one of> > the> > > three
> important elements of interest that> > borrowers> >
> > pay for the service called bank credit.> > >
> Administration cost would I presume apply to> >
> salaries,> > > wages and ordinary business expenses
> of the> > financial> > > sector. The largest element
> within interest is> > what> > > is effect an
> insurance premium charged for loan> > > defaults
> within the particular risk category,> > which is> >
> > why low risk loans cost less than high risk
> loans.> > I> > > understand that you propose
> something called> > credit> > > risk insurance, but
> how can you guarantee that> > such> > > insurance
> would cost less than the insurance> > premium> > >
> already built into the interest rate? The> >
> smallest> > > element in interest is the profit paid
> to the> > > financial sector.> > >> > > 3. You ask
> what planet Steve Nieman lives on.> > >> > > That is
> a most interesting question. May I ask> > if,> > >
> taking account of the failings now becoming> >
> apparent> > > in the American (and global) financial
> system, you> > > feel that people in the USA are
> living on the best> > of> > > === message truncated
> ===> > > > >
>
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