tailieunhanh - salvation through inflation the economics of social credit phần 4

trong đó sẽ có có không vay ở lãi suất này bắt buộc. 11 sẽ có nghĩa là nutwnalization của tất cả các ngân hàng Scotthh. Chính phủ qua đêm sẽ trở thành pháp luật duy nhất cho vay. Điều này, tất nhiên, là toàn bộ các điểm tín dụng xã hội: quốc hữu hoá các tín dụng. Douglas biết chính xác những gì ông đã được giới thiệu, | 70 SALVATION THROUGH INFLATION from a bank in a nation not yet under a Social Credit government. It would have meant the bankruptcy of all Scottish banks which would have had zero borrowers at this mandated interest rate. It would have meant the nationalization of all Scottish banking. The government would overnight have become the sole legal lender. This of course is the whole point of Social Credit the nationalization of credit. Douglas knew exactly what he was recommending but he never called it what it really was the forced nationalization of banking and credit. This is a program to destroy private property A government places a price control - in this case a price floor - on commercial interest rates thereby bankrupting many businesses and all private banks within its borders. This is a system for destroying the capital invested in many businesses and privately owned banks. It is the deliberate systematic destruction of private wealth without compensation. Why is Social Credit regarded as conservative Price Controls Price controls are established by governments in order to thwart the decisions of buyers and sellers . to thwart consumer sovereignty. Price controls make private bargaining illegal. This is why the French Revolutionary government imposed them. When a price ceiling is set below the price that would have prevailed on the free market sellers start withholding supplies while too many buyers show up. Shortages are the result. Similarly when a price floor is set above the price at which exchanges would take place voluntarily suppliers bring more goods to market than there is demand. Gluts are the result. Thus only when prices are set by the government where the free market would have set them anyway does the economy avoid either shortages and gluts. We come to clause 5 Simultaneously an announcement to be published that any or business undertakings will be Social CreditJs Blueprint 71 cepted for registration under an assisted price scheme. 24 25 .