Source: http://www.abc.net.au/news/2017-01-17/davos-world-economic-forum-confronts-globalisation-revolt/8188960Technology to have a bigger impact than globalisationHowever, Mr Minack said while it may be possible — not to mention also nonsensical and painful — to reverse globalisation, it is also most likely pointless as well, given an even bigger threat to jobs and wages is coming down the tracks.Technology and the developments in automation, robotics and artificial intelligence will simply eliminate the need for many unskilled workers in both developed and developing economies."I think that globalisation has had a bigger effect than technology on incomes of unskilled and semi-skilled workers over the past 15 years," Mr Minack said."But the next 15 years will see a reversal: technology, not globalisation, will likely become a major adverse influence on less-skilled workers' incomes."In other words, the globalisation debate heating up the chilly climes of Davos may well be already out of date.Sure, the threat of trade wars and insular politics still abound, but it could all be about battles that have already be lost and won, not ones to come.The dynamics that have led to disgruntlement and alienation are only likely to intensify from here.
China Watching:Beijing wants to create a nationwide ‘social credit’ system that compiles digital records of citizens’ social and financial behaviour to calculate a personal rating that will determine what services they are entitled to - and what blacklists they go on.- - Wall Street JournalIt has come to our notice that a system of surveillance planned for the citizens of Communist China was described in English as a ‘social credit’ system. Of course it sparked our immediate interest, not only by the term used but the underlying philosophy upon which it is based. But let’s mull over this news for a while - what does all this mean?
First why use the English term ‘Social Credit’ for such an Orwellian Chinese Surveillance System? A term that was coined nearly a hundred years ago and which the mainline media has avoided the use of, in relation to, and any reference to, Clifford Hugh Douglas’ writings and proposals.Of course there are a number of serious issues involved with what has happened but I think we have to ‘start at a beginning’ in order to get our minds around it all.
"It is of crucial importance that any monetary reform decentralize power over policy rather than centralize it even further in the hands of an elite few; the easiest and most effective way of achieving that decentralization is to enfranchise the individual citizens as the ultimate beneficiaries of any change in the economy’s financial infrastructure. Indeed, this is the whole aim of the Social Credit reforms."The Social Credit economic model maintains that the most urgent economic reform, the one that goes to the very heart of our tangled web of economic problems and perennial dissatisfactions, is the need to re-engineer the economy’s financial infrastructure. Changing the financial system along the lines that Social Credit indicates is not only necessary for a substantial improvement in our economic affairs, it may also prove to be sufficient for significantly reducing, if not eliminating entirely, most of the chronic symptoms of dysfunction with which we are familiar. I am thinking here of various distinct but intimately interconnected phenomena such as: poverty in the midst of plenty, servility in place of leisure, economic instability, inflation, and heavy taxation, ever-increasing and unrepayable debts, waste, inefficiency, and economic sabotage in all its forms, forced economic growth, the centralization of wealth, power and privilege, social breakdown, environmental damage, and international economic warfare leading to military war.
The specific re-engineering of the financial system that is at issue here is no arbitrary or doctrinaire alteration, but is firmly grounded on the principle that the financial system, like any system of weights and measures worth its salt, should at all times provide a symbolic representation of the physical economy that scrupulously corresponds to the actual reality. This is a functional necessity. If the money system is to adequately fulfill its purpose, the purpose for which it was invented, it must be an honest system; that is, it must provide an accurate reflection, an accurate picture, of all of the relevant physical economic facts.1
Ref: http://www.socred.org/index.php/blogs/view/dividends-instead-of-debtsJust last week, Equifax Canada, a credit reporting agency, revealed that the total outstanding consumer debt in Canada had increased 3.6% over the course of a one-year period. At the end of September 2015, Canadian consumers owed 1.587 trillion dollars in debt. By the end of September 2016, that number had risen to 1.702 trillion dollars. Cf. http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/more-canadians-going-bust-as-consumer-debt-surges-36/article33235495/. The increase of 3.6%, while sounding small, actually involved a net increase in outstanding debt of 115 billion dollars. Please note that we are NOT told how much consumer debt was written off as bad debt during the same period. If that debt had not been wiped out, the total amount owing would undoubtedly have been even greater.
The steady increase in outstanding consumer debt occurs because there is insufficient consumer income to purchase all that is on offer in the economy. Relatively lower interest rates merely facilitate the increase; it is not its fundamental cause as the article seems to suggest. When people do not have sufficient money to purchase the goods and services that are available and that answer to some need or want, they can nevertheless obtain the goods if they are able and willing to pledge their future incomes as collateral for additional credit in the present. It must be stressed that this credit, which is obtained from private banks in the form of lines of credit, personal loans, credit cards, mortgages, student loans, car loans, installment buying programmes, etc., is, like the bulk of the money supply, created out of nothing in the form of intangible numbers and issued as an interest-bearing debt. Consumers who borrow are not borrowing from the rich with the bank acting as an intermediary; they are borrowing the money into existence directly from the bank as a money-creating agency. Consumer credit therefore represents an injection of new or additional money for the economy, money the economy desperately needs if it is to stave off recession or worse.
I have just watched the video on David Pascoe’s Facebook Page and of course it is simply history repeated again and again. Former senator Paul McLean in his book “Bankers and Bastards” (1992) quoted the words of The Lord Chief Justice of England, Lord Acton who said in 1875: “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”It is now 2016 and Dr David Pascoe BVSc PhD OVH Repro shared Queenslander Brett Fallon's post with these words:“This small, tragically confronting home-made video hits you between the eyes like a scene from a Quentin Tarantino movie.It shows us everything that is broken with our Australian nation right now. It also gives you a very different perspective on Senator Rod Cullerton, who is currently being wiped out by the big political parties and their mates in the media…” ... See more https://www.facebook.com/OVHRepro/posts/1024741444320399
Well, we all know that battle has not been fought – yet. But please God, more and more people want it fought, for all Australians.Further reading: http://www.alor.org/Bankwatch/Library/OperationBankWatch.htm
To: Americans everywhere;Thank you for your time and attention.First, please let me be very clear, what I have written here for your consideration is not about the Republican Party, Democrat Party, Independent Party, Libertarian Party, Tea Party or any other Party. It is about an idea conceived over two centuries ago, a country, a people, a document.
Two hundred and twenty nine years ago (1787) a group of men whom we now refer to as the "founding fathers," following a long and bloody battle for their independence from a dictatorial Monarchy, assembled themselves together in Philadelphia, Pennsylvania and did their best to establish a country governed in a God-fearing way by representatives who were selected by the people who were to be governed. No where in the history of all mankind were there any examples or even political theory in existence that offered them any hope that a republican form of government, based on the new concept of consent of the governed, could succeed on a wilderness continent which was much larger than any European state.
Robert De Niro seems to have become somewhat emotionally and intellectually unhinged. Rather than expressing blind outrage and issuing unflattering epithets he might offer some rational analyses and criticisms. His intemperate outburst has not left me in any way better informed. I have not viewed his film “The Comedian” which might provide evidence deserving a more specific response.
The essential problem is that both the Right and Left (and the Centre) make the fatal mistake of thinking that wealth derives only from human effort and/or that sharing in the benefits arising from economic activity can be justified only or essentially by one’s direct contribution to wealth creation via work or labour. This is the most irrational and ridiculous assumption that one might imagine—and actually stems from Puritanism and Pharisaism, being the core assumption of Marxism. It is based firmly on the Judaic concept of 'Salvation through Works' and is diametrically opposed to the Christian concept of 'Salvation through Grace'. The fact is that in today’s technology-based economy wealth is produced primarily not by human effort but by non-human energy and entirely different factors of production, including increasingly and primarily our age-old accumulating Cultural Heritage of know-how and technique. Indeed, it has been widely predicted that within about twenty years nearly fifty per cent of all “jobs” in America will be eliminated by automation and artificial intelligence. Any normal mind would consider this as a magnificent achievement and an event for great jubilation for which we should be eternally grateful to a loving and beneficent God and an abundant nature. But no, we lament “No Jobs—no income! We are doomed! We have too much!” How bottomlessly and utterly stupid can humans be?!!!
What is Social Credit and Why Is It So Important in this fourth industrial age?
As Australians take a minute to remember those who have paid the ultimate sacrifice in two world wars it is important that the Causes of War are brought to our attention. After all, it is our young men and women who have been maimed and wounded, who have given their lives.WAS DOUGLAS WRONG IN 1943? In Programme for the Third World War (XI), (The Social Crediter Vol10, No.15 June 1943) C.H. Douglas wrote of his BBC “Causes of War” broadcast experience:
“About four years before the outbreak of the second world war, seven broadcasts on “The Causes of War” were delivered from London, one of which it was my fate to give… I suppose two thousand millions of individuals are affected by the present war. I should place the number of individuals who would be quite unable to say with approximate accuracy what it is about at roughly nineteen hundred millions, so we are left with this simple alternative. Either the total population of the world likes war without knowing what it is about; in which case it is obviously absurd to do anything to abolish it, or, on the other hand, we can find the causes of war if we examine the actions of a minority hidden amongst less than a million individuals….
Source: The New Times, April 1990, Vol. 54, No. 4.The most prophetic article of the 20th Century“The guns were still smoking at the end of the First World War, the hospitals filled with the maimed and dying, and the politicians preparing to impose policies in Europe which would sow the seeds of another major conflict, when a relatively unknown British engineer, C.H. Douglas, wrote the most prophetic article of this century. Entitled "The Delusion of Super-Production", it appeared in the December 1918 issue of the "English Review".This article should be compulsory reading for those who, seventy years later, (now 98 years… ed) still preach the message of greater and more efficient production as the solution to Mankind's problems. So far from the easing of the Cold War leading to a more stable and secure world, the basic cause of unrest remains...
In "The Delusion of Super-production", Douglas wrote:“ . . .. Compared with the economic power of absorption, the world was over manufacturing before the (First World) war in nearly every direction. If any person capable of independent thought disagrees with this statement, he will no doubt be able to explain the immense development of advertising, why the cost of selling a sewing machine, amongst many other instances, was higher than the manufacturing cost; why a new model, not novel in any real essential, appeared from most of the motorcar works each year, thus automatically depreciating the value of the previous year's fashion, and why, in spite of all these and countless more desperate efforts to stimulate absorption at home, the stress of competition to sell was daily growing more insupportable, the main pressure, of course, appearing in the guise of labour troubles, unemployment, strikes for higher wages, etc., but being quite definitely felt all over the social structure and being focused from a national point of view in the struggle for markets of which war was the inevitable and final outcome."Douglas correctly predicted that a continuation of the First World War was inevitable if industrialised nations sought to make their internal economies work by fighting for export markets….”Continue reading…. http://www.alor.org/New%20Times/pdf/NT5404.pdf
Social crediters’ reference to ‘money’ as an abstraction needs to be ‘teased out’ further. The matter was raised in the article “Who hath ears to hear, let him hear!” in the hope that within the Social Credit discussion group ‘Greg’ could have grasped what social crediters meant when they referred to ‘money as an abstraction’ and thus helped him to ‘see the light’. Betty Luks The following is from the "Seed" journal September 1974Ezra Pound and the Pound of Flesh“Here’s one, to a very doleful tune, how a usurer’s wife was brought to bed of twenty money-bags at a burden…” The Winter’s Tale, IV, iv, 263-5The words of Autolycus in the above epigraph are an ironic, and comic, comment on the interesting phenomenon of the literalization of metaphors – the mistaking of the ‘figurative for the literal meaning of verbal expressions.
The metaphor in question is that which expresses usury in terms of breeding, formulated most typically by Ben Franklin: “Remember, that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on”.1
“Legality without equity is clearly identifiable as an ingenious form of warfare in which moral violence is cunningly substituted for physical violence without incurring any risk of retribution under common law.” - - Ivor Benson in “The Zionist Factor” Helen Bender, daughter of the late George Bender presented a challenging and heart-rending paper at the recent ALoR’s Annual Seminar. Helen spoke of the struggles and heartache her father experienced over a ten-year period with the Coal Seam Gas industry before finally taking his own life.Her Facebook page reads: In memory of the late George Bender who struggled for 10yrs against the CSG Industry and paid the ultimate sacrifice. Her Facebook page can be found here… https://www.facebook.com/GeorgeBender68/ While the struggles of George Bender seem to bear no relation to William Shakespeare’s plays, bear with me and think on these things. In Shakespeare’s play "The Merchant of Venice", Shylock demanded ‘his pound of flesh’ from a living man, whereas in George Bender’s case, because of Queensland’s laws, the man George Bender took his own life - his whole life.
Think on these things:Ivor Benson notes in “The Zionist Factor,” the legal structure of Shakespeare’s play “The Merchant of Venice” is “fallacious since no system of law would permit a man to put his own life in jeopardy as one of the conditions of a contract. The legal framework of the drama is no more real than so much stage furniture and painted scenery. What is profoundly real is Shakespeare’s most elaborate statement of the relation of positive law to equity in the dealings of man and man…. It is the relation of common law to equity which, more than any other aspect of law, comes into question in the quarrel between the money-lender and the merchant of Venice…”Surely the same could be said in the quarrel between George Bender and the CSG Industry? "It is the relation of common law to equity more than any other aspect of law…"
While this is a matter for the appropriate authorities the bigger issue of dairy farmers being forced off their lands because of financial problems is another and more serious matter. The following note was sent to the news outlet that ran the story:Betty Luks Do yourselves a favour and go to the Distributist Review: http://distributistreview.com/social-credit-prognostications/
If you continue to follow up the material on Social Credit you will realise there is always a chronic lack of purchasing power so that, not only can’t the dairy farmers get a just price for their milk, neither can many consumers afford to pay more for their daily needs!But it will take a little brain power to finally ‘get the picture’ that has developed over at least the last three centuries. One of the sources of the problems was/is the Industrial Revolution. Machines are not paid a wage – but their overheads are included in prices. Wages of course are a source of ‘purchasing power’.Costs go into prices which of course have to be recovered in the market place. Wages divided into Costs/Prices simply don’t go far enough under the present financial system.But overall, of course, is the part played by the Financial System.Read further here: http://distributistreview.com/social-credit-prognostications/Senator Jaquie Lambie’s newsletter published …
The ad hoc nature of the economists' approach betrays their lack of any consistent and coherent philosophy from which to derive policy. They have no locus standi. They are approaching the situation in media res (into the middle of things) as being merely a matter of technical manouevering because they do not recognize the Cultural Heritage and the nature of inheritance as being innately due to all citizens by right of birth and existence. Nor do the economists in general seem to recognize the role of orthodox industrial cost-accountancy in the situation. Historically they have ignored or denied its relevance.
*locus standi: a right to appear in a court or before any body on a given question: a right to be heard
I posted the following text to reddit more than a week ago, where it has not gotten any significant attention since then. I thought that the readers of this list could also find it interesting, and perhaps start a discussion about the topic.In the last months I've been watching lectures and reading some of the work by Steve Keen, one of the few economists that managed to predict the financial crisis a few years ago and the author of the book Debunking Economics. Keen belongs to a number of non-mainstream economists that have been challenging the economic establishment for being unscientific and unwilling to admit the problems with their models. An introduction to Keen's work and the problems with mainstream macroeconomy can be found in this lecture.
Keen affirms, against orthodox economists like Krugman, that money is endogenous. Banks do not act as mere intermediaries between savers and borrowers. Almost all money in circulation is, in fact, bank credit, created by the private banks.
The correspondence among the Social Credit discussion group is flowing ‘thick and fast’ at this point in time. It is important that some of the discussion is reported to our readers. The latest message was: Apparently, the HSBC bank is now predicting that we are on the cusp of a severe stock market crash: Source: https://www.rt.com/business/362618-stock-market-severe-fall/
While in the short-term people may be able to secure their own positions the long-term answers require us all to wrestle with what is fundamentally wrong with the system and ask ourselves: do we really want solutions to the problems?
OLIVER HEYDORN REPORTS:Well, even Obama is now talking about some of the key Social Credit issues, albeit within the context of a (probably conventional) 'universal basic income'. He anticipates that the UBI debate will take 10-20 years ... The re-inventing of the SC wheel, bit by bit, continues slowly but surely.Chris Weller, in Business Insider Australia Oct 13, 2016, has reported: President Obama: We'll be debating unconditional free money 'over the next 10 or 20 years' - Speaking with Wired Editor in Chief Scott Dadich and MIT Media Lab Director Joi Ito in a recent interview, President Barack Obama reaffirmed his belief that universal basic income will get harder to ignore in the coming decades.UBI is a system of wealth distribution in which the government provides everyone with a standard salary, regardless of income. The money comes with no strings attached. People can use it however they choose, whether it’s to repair a leaky roof or go on vacation. Advocates claim the system is a smart and straightforward way to lift people out of poverty.A growing body of evidence suggests such a system may be necessary if artificial intelligence wipes out a huge chunk of the jobs currently performed by humans. That is the future President Obama wants to avoid, and also the one that he says merits a debate on basic income.“What is indisputable … is that as AI gets further incorporated, and the society potentially gets wealthier, the link between production and distribution, how much you work and how much you make, gets further and further attenuated,” Obama told Dadich and Ito…”Read further: http://www.businessinsider.com/president-obama-basic-income-debate-2016-10
I wrote recently of a Social Credit discussion on the importance of defining words such as ‘credit’, ‘creditor’ and ‘crediter’ (“A Just Relationship Between the Mind and Things”). Well that thread is still active but the discussion has gone nowhere. There are those who have a sound knowledge of the proposals and principles of Social Credit and a newcomer (claiming to be a former journalist) who says he ‘likes the idea’ (of Social Credit proposals). The problem is he will neither get down to the ‘nitty gritty’ of research leading on to an indepth understanding of the subject, nor will he discuss in-depth the proposals without a ready-made answer as to how the proposals will be implemented - accompanied by the latest financial facts and figures.
Douglas did warn his followers it was the People who must insist on the Policy of what they wanted and it was the responsibility of the experts to find the best ways to implement the Policy.
It all began when one of the Social Credit discussion group wrote Social CreditOR instead of Social CreditER. Another of the group thought the person shouldn’t be too concerned because he himself, at various times, had written the word both ways. After these many years I have become conscious of the need to spell it correctly because in my mind one word means debt (not a ‘good’) and the other means a social ‘credit’ (‘a good’), therefore I responded: “I don't agree with you on this matter of spelling. It is a matter of utmost importance.”
A suggestion was made to “try the internet for the spelling and explanation of creditER and you will find there is no such explanation in most dictionaries. Plenty of explanations for creditOR because we live in this world of credit/debt. There is all the difference in the world between the meanings.”
Our thanks go to Ellen Brown for her latest article, “Central Bank Digital Currencies: A Revolution in Banking”. Whether the proposed concept is known as ‘digital currencies’ or I refer to it as ‘carbon currencies’, its implementation would achieve the same goal – and that goal is the control of a nation’s financial system being completely taken out of national governments’ hands and handed over to a Central Banking System, starting with England, China, Canada and the United Sates. Ellen Brown who writes:
“Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).