Christian Economic Commentary
"Out of the Economic Abyss, " A
Special Report: No social group, no economic system, no nation, and no
world can endure, unless their citizens honestly care for one another, as Jesus spoke,
"Love One Another." A state - world- based upon liberty, one
citizen, one vote- human caring and human integrity with mutual respect for all.
Otherwise and otherways, indifference and hate produce violence, which result in the
slums/desert to the Middle East, where Christ was crucified by unanimous vote, rubber
stamped by a dictator, and back up by Roman fists.
A Reprise of Harwood's Plan to get America Back on Track: (A.) *** Most
Importantly, a return to bedrock religious, moral, and ethical value - God
First, with the Golden Rule, "Do onto others, as you would have them do onto
you, " and Christ's ancient "New Commandment" paraphrased, respect for one
another. (B.) Balanced Budget- We do not want to go bankrupt.
(C.) Repay the National Debt- In the case of depression, America
can no longer help her citizens with food and clothing and shelter, like the 1930's, let
alone afford world war! (D.) Gold Standard - Probably at a
doubling or tripling of the price for insurance, because world economies are huge
multi-related Ponzi debt pyramids. (E.) Sound Commercial Banking- The
humanity of capitalism that produces goods and services and takes the heat from government
to provide jobs. (F.) Slowly-take unbacked money out of
circulation.
II. A Gold Standard, because gold is of eleven thousand
years time tested value. Any number can be slapped on a piece of paper. And,
there is always some crooked politician to print a trillion. Gold is:
(A.) Store of value, which saves for a winter's night.
(B.) Medium of exchange, which overcomes cumbersome barter.
(C.) Numaire - or standard which determines all economic values.
III. Sound Commercial Banking (Real Bills Doctrine of Production
Standard): The humanity of capitalism inside a world stealing herself poor.
(Poverty from theft results in chaos, wars, and dark ages!) ANSWER.
(A.) Producer contracts for money to be printed at gold value of production at a
commercial bank.
(B.) Commercial bank assesses quality of manufacturer's production and how supply and
demand relate to the market as a whole.
(C.) If the business risk seems worthwhile, a short term loan is made of printed money to
the producer at the gold value of the production run. THE PRINTED MONEY IS
BACKED BY THE PRODUCTION!!!
(D.) After a contract is made between the manufacturer and the commercial bank (
the commercial bank receiving a percentage fee), commercial bank ( the commercial bank
receiving a percentage fee), production runs are made, paying workers, executives, and
stockholders with the printed currency.
(E.) Produced goods are put up for sale:
(1.) If the goods are unsalable for some reason, the
company pays back the loan or goes bankrupt- and the bank takes the hit.
(2.) If the goods are successfully sold, the
manufacturer pays back the loan of currency.
(F.) The commercial bank then destroys the currency (takes the money out of circulation).
The process is then complete.
IV. Comments: (A.) In a socialist system, a portion of the printed money
goes to the state, instead of stockholders. (B.) With the future return of Christ,
this system is unnecessary. Anyone who can take a couple loaves of bread and feed
five thousand needs neither a gold standard nor sound commercial banking (M=E/C2). A
synthesis of capitalism and socialism is probably the best for now, because American and
world citizens are unable to honestly care and share with one another!!!
By God's good grace with Les "Chuck" Amison BL2372 - publisher, editor, slave ,
union man's son, awards winning poet.
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