[GJM] James Robertson.....Multiple Personality Disorder?
Rodney Shakespeare
rodney.shakespeare1 at btinternet.com
Sun Mar 23 07:18:13 MDT 2008
Chris,
I don't think you should bring Myro Ashenopolitus into this. He is Bill's research student and, although it is always nice to hear from him, he should, on balance, be encouraged to get on quietly with his work. That is more easily said than done, of course -- you may remember that Myro has a proclivity to waste time by watching football games with a greasy hotdog in his hand.
Zack Johnson is Bill's friend who was certainly very helpful in forwarding communications to Kent University, Ohio (and associated discussion groups) at a time when the normal channels of communication had become clogged.
I am happy to debate with Peter Hogwood. He is a robust expositor of the conventional finance/economics position and as such, at some point, has to confronted. Thus, for example, I intend asking his view as to how many of the fifty false assumptions of neoclassical economics at www.binaryeconomics.net are not false but true.
Rodney
----- Original Message -----
From: chris cook
To: Discussion Forum for Global Justice
Sent: Sunday, March 23, 2008 11:26 AM
Subject: Re: [GJM] James Robertson.....Multiple Personality Disorder?
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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