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abelard
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 Posted: Sat Oct 11, 2008 1:37 am Post subject: Re: Should the banks be nationalised? |
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On 10 Oct 2008 18:27:50 GMT, Michael Coburn <mikcob@verizon.net>
wrote:
[quote]On Fri, 10 Oct 2008 15:46:53 +0200, abelard wrote:
On Fri, 10 Oct 2008 11:33:21 +0100, Robert Henderson
philip@anywhere.demon.co.uk> wrote:
In message <diipe4tnsdtro1ocq2h7k9uo9meojcm9h3@4ax.com>, abelard
abelard3@abelard.org> writes
On Wed, 8 Oct 2008 11:52:08 +0100, Robert Henderson
philip@anywhere.demon.co.uk> wrote:
There is a good deal of logic in the idea that banks should be
do stop it hatstand....
do start from reality instead of theory..... money is a government
monopoly....i
It self-evidently isn>t. The prime source of money creation is private
finance credit creation. RH
no hatstand...it is not....
the banks just carry out a process that is fully sourced, controlled
and regulated by government
The definition of money is always a problem in any discussion of modern
credit and finance.
[/quote]
certainly it is with a hatstand....
you may understand anything to whatever degree you wish...
providing you>re willing to apply sufficient effort....
what you can>t achieve is some imagined 'perfect' accuracy
--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
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all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it>s funny -- roger rabbit
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Mason C
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| Posted: Sat Oct 11, 2008 8:02 am Post subject: Re: Should the banks be nationalised? |
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On Fri, 10 Oct 2008 19:19:58 +0100, Robert Henderson
<philip@anywhere.demon.co.uk> wrote:
[quote]In message <o2nue4h7bgkkvo26hivg9jfadsutah7ekp@4ax.com>, abelard
abelard3@abelard.org> writes
do stop it hatstand....
do start from reality instead of theory.....
money is a government monopoly....i
It self-evidently isn>t. The prime source of money creation is private
finance credit creation. RH
no hatstand...it is not....
the banks just carry out a process that is fully sourced, controlled
and regulated by government
regards
Simply wrong. They create credit at their own will. RH
[/quote]
And right now they are willing *not* .... because they were
*not* regulated and got themselves in great trouble.
Mason A. Clark http://frontal-lobe.info
book: Greater America in the Age of Rebellion |
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Robert Henderson
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| Posted: Sun Oct 12, 2008 1:53 pm Post subject: Re: Should the banks be nationalised? |
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In message <8pmue4pu3uhamh6ssilknde74kkjpnf41k@4ax.com>, abelard
<abelard3@abelard.org> writes
[quote]can see so far it is because I stand on the sholders
of giants." Notice that he said "stand" not "sit".
http://www.abelard.org/abelard/abelard2.htm
14. Bernard of Chartres (d. c.1130) used to say, "We are like
dwarfs on the shoulders of giants, so that we can see more than they,
and things at a greater distance, not by virtue of any sharpness of
sight on our part, or any physical distinction, but because we are
carried high and raised up by their giant size". John of Salisbury The
Metalogicon (1159) bk. 3, ch. 4; quoted in R. K. Merton, ch. 9.
Also Isaac Newton: "If I have seen further it is by standing on the
shoulders of giants". Letter to Robert Hooke, 5 February 1676, in H.
W. Turnbull, p. 416.
Also Samuel Taylor Coleridge: "The dwarf sees farther than the giant,
when he has the giant’s shoulder to mount on". The Friend (1818) vol.
2 ‘On the Principles of Political Knowledge
[/quote]
Talk about trotting out the cliched.....Of course a 1947 vintage valve
computer won>t understand the concept of cliche.... RH
--
Robert Henderson
Blair Scandal website: http://www.geocities.com/ blairscandal/
Personal website: http://www.anywhere.demon.co.uk |
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