The following letter was sent by e-mail directly to Governor David Dodge of the Bank of Canada on December 21, 2007 and he, in turn, responded on the same day by e-mail with thanks for the letter.
The gut tells us this truth that many ignore. Gods money is speaking loud and clear. Money in mans form, The love of money, the root of all evil. The theory of accounting designation is exactly that, a theory. How on earth did we get a banker in charge? Oh, he was placed for the transformation. You already know whom. Soon we will see the connection to hard gold asset.
A credible thesis is that inflating asset prices are inevitably caused by increasing credit - unless public assets eg land titles, IP rights, govt licences / permits are taxed to a capital price of $0. (The best price for the economy and society in general) This renders unproductive ownership of no value and attributes all value of productive enterprise to the private sector, which can corresponding be taxed very lightly.
Extraction of value via ownership and debt is an economic dead weight - it burdens the economy without contributing anything in themselves, except price escalation of property rights as population and technology advance.
Curious thing is that all ownership depends on public assets eg land titles etc (as above). Without these public assets, private assets eg land would have no market price - who would pay anything for land without a title? So public assets are entirely responsible for the market price of private assets.
All credit is ultimately guaranteed by the public (via central bank) as well. It is expanded and distributed via commercial banks but relies on the public via central bank as guarantor.
So the credit and public assets that enable private asset bubbles are all supplied to the private sector by the public.
Lastly, the above public assets are the only competition limiting factors in an economy - allowing excess pricing, especially in necessities eg housing (land) food water energy etc.
So the public provide the private sector with 'ownership', credit and the limitations to competition which allow excess pricing.
To fix - the value of ownership and of the credit guarantee need to be reduced to 0 - by collecting their market price rental as public revenue via eg land titles, bank licences etc. Smart auctions between competing private sector parties will quantify the market price rental of eg a land title or banking licence and ensure these rentals cannot be shifted to customer prices, they must be paid by the asset 'owner'.
This dynamic allocates value to its creators eg
Public sector gets market value of the property rights/ credit guarantee it creates/backs.
Private sector gets market price of productive enterprise.
I feel desperately sad and very angry how you like so many other ' Truth Tellers ' consistently get fobbed off by the very people and entity's who are in reality the architects of the rolling train wreck that the World Economy / Financial Syste, ( Western at least ) has so cleary become .
Speaking Truth to Power brings any number of ' brick - bats ' in response - as has so often been evinced throughout history . You did the right thing by laying out the facts on a plate before dear old David Dodge and those around him - and his wholly in-substantive ' Non Reply ' as such only served to prove what a bought and paid for slime ball bankster and functionary of ' The System ' he surely was ...Dregs Of Humanity
“I pressed the BoC for a substantive response later in 2008 and was informed that the materials had been passed to Prime Minister Harper’s office to respond. In turn, the Prime Minister’s office stated that Minister of Finance Jim Flaherty would be responding.”
I feel every day i wake up and find THE HEGELIAN DIALECT , we call the global economy is still functioning , is a bloody miracle , that should be celebrated, thanks for article ,
Doubtless we will all ultimately going through our own forms of ' Hell ' when this whole fake financisl edifice comes crashing down ' BUT ' , I unlike you am wanting this to happen so that we can get it over and re-build from the ground up ... rather than like you , saying that you are actively " celebrating " every day that you wake up to find that the very cause of your own and all of our subjugation and indentured servitude stays standing ....WHAT ..?? .
Mathematics dictate that this can't go on - so it's not a case of ' IF ' this comes crashing downbut simply - ' WHEN ' . If you accept that this is the case as the facts have so irrefutably proven - THEN WHY PROLONG THE AGONY ..?? . Better to lance the boil without delay .abd get it over with . END OF ..!! .
The gut tells us this truth that many ignore. Gods money is speaking loud and clear. Money in mans form, The love of money, the root of all evil. The theory of accounting designation is exactly that, a theory. How on earth did we get a banker in charge? Oh, he was placed for the transformation. You already know whom. Soon we will see the connection to hard gold asset.
Thank you. Much needed clarity.
More pertinent now than then.
A credible thesis is that inflating asset prices are inevitably caused by increasing credit - unless public assets eg land titles, IP rights, govt licences / permits are taxed to a capital price of $0. (The best price for the economy and society in general) This renders unproductive ownership of no value and attributes all value of productive enterprise to the private sector, which can corresponding be taxed very lightly.
Extraction of value via ownership and debt is an economic dead weight - it burdens the economy without contributing anything in themselves, except price escalation of property rights as population and technology advance.
Curious thing is that all ownership depends on public assets eg land titles etc (as above). Without these public assets, private assets eg land would have no market price - who would pay anything for land without a title? So public assets are entirely responsible for the market price of private assets.
All credit is ultimately guaranteed by the public (via central bank) as well. It is expanded and distributed via commercial banks but relies on the public via central bank as guarantor.
So the credit and public assets that enable private asset bubbles are all supplied to the private sector by the public.
Lastly, the above public assets are the only competition limiting factors in an economy - allowing excess pricing, especially in necessities eg housing (land) food water energy etc.
So the public provide the private sector with 'ownership', credit and the limitations to competition which allow excess pricing.
To fix - the value of ownership and of the credit guarantee need to be reduced to 0 - by collecting their market price rental as public revenue via eg land titles, bank licences etc. Smart auctions between competing private sector parties will quantify the market price rental of eg a land title or banking licence and ensure these rentals cannot be shifted to customer prices, they must be paid by the asset 'owner'.
This dynamic allocates value to its creators eg
Public sector gets market value of the property rights/ credit guarantee it creates/backs.
Private sector gets market price of productive enterprise.
Watching with interest.
Thank you.
Very good write up on ownership/ rights- what a show we’re seeing- thank you
I feel desperately sad and very angry how you like so many other ' Truth Tellers ' consistently get fobbed off by the very people and entity's who are in reality the architects of the rolling train wreck that the World Economy / Financial Syste, ( Western at least ) has so cleary become .
Speaking Truth to Power brings any number of ' brick - bats ' in response - as has so often been evinced throughout history . You did the right thing by laying out the facts on a plate before dear old David Dodge and those around him - and his wholly in-substantive ' Non Reply ' as such only served to prove what a bought and paid for slime ball bankster and functionary of ' The System ' he surely was ...Dregs Of Humanity
But what did the BIS agent (Governor Dodge) say to you in his reply?
Thanked me for the letters.
“I pressed the BoC for a substantive response later in 2008 and was informed that the materials had been passed to Prime Minister Harper’s office to respond. In turn, the Prime Minister’s office stated that Minister of Finance Jim Flaherty would be responding.”
I feel every day i wake up and find THE HEGELIAN DIALECT , we call the global economy is still functioning , is a bloody miracle , that should be celebrated, thanks for article ,
Doubtless we will all ultimately going through our own forms of ' Hell ' when this whole fake financisl edifice comes crashing down ' BUT ' , I unlike you am wanting this to happen so that we can get it over and re-build from the ground up ... rather than like you , saying that you are actively " celebrating " every day that you wake up to find that the very cause of your own and all of our subjugation and indentured servitude stays standing ....WHAT ..?? .
Mathematics dictate that this can't go on - so it's not a case of ' IF ' this comes crashing downbut simply - ' WHEN ' . If you accept that this is the case as the facts have so irrefutably proven - THEN WHY PROLONG THE AGONY ..?? . Better to lance the boil without delay .abd get it over with . END OF ..!! .