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Comments made by Justaluckyfool

June 26, 2014
***TO EDITORS,
There are many articles posted that debate many issues; none of which
challenge Frederick Soddy. Is there no fun in debating maybe, perhaps what is true?
Or is there a fear that this doctrine may be endorsed for the benefit , the welfare of all beings? For relative equality and justice !

The Prizes
rwer.wordpress.com
http://rwer.wordpress.com/the-prizes/#comment-43663

Please read “The Role Of Money” (Free full download) http://archive.org/details/roleofmoney032861mbp and then place the name , Frederick Soddy on the list.
Written in 1921,- 1934, Frederick Soddy not only explains the “systemic flaw” (allowing an entity other the the sovereign government the right to ‘print’ and ‘tax’ the sovereign currency; but also explains the unintended consequence of this awesome power.
“PREFACE
This book attempts to clear up the mystery of
money in its social aspect. With the monetary
system of the whole world in chaos, this mystery
has never been so carefully fostered as it is to-day.
And this is all the more curious inasmuch as
there is not the slightest reason for this mystery.
This book will show what money now is, what it
does, and what it should do. From this will
emerge the recognition of what has always been
the true role of money. The standpoint from
which most books on modern money are written
has been reversed. In this book the subject is not
treated from the point of view of the bankers
as those are called who create by far the greater
proportion of money but from that of the
PUBLIC, who at present have to give up valuable
goods and services to the bankers in return for
the money that they have so cleverly created
and create. This, surely, is what the public
really wants to know about money.
It was recognized in Athens and Sparta ten
centuries before the birth of Christ that one
of the most vital prerogatives of the State was
the sole right to issue money. How curious that
the unique quality of this prerogative is only now
being re-discovered. The” money-power
” which has been able to overshadow ostensibly responsible
government, is not the power of the merely ultrarich,
but is nothing more nor less than a new
technique designed to create and destroy money
by adding and withdrawing figures in bank ledgers,
without the slightest concern for the interests of
the community or the real role that money ought
to perform therein.”
Who was (Nobel Prize for Chemistry ,1921) Frederick Soddy ?
http://en.wikipedia.org/wiki/Frederick_Soddy

“In four books written from 1921 to 1934, Soddy carried on a “campaign for a radical restructuring of global monetary relationships”,[12] offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was “roundly dismissed as a crank”.[12] While most of his proposals – “to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort” – are now conventional practice, his critique of fractional-reserve banking still “remains outside the bounds of conventional wisdom”.[12] Soddy wrote that financial debts grew exponentially at compound interest but the real economy was based on exhaustible stocks of fossil fuels.”

—–Original Message—–
From: justaluckyfool <justaluckyfool@aol.com>
To: justaluckyfool <justaluckyfool@aol.com>
Sent: Sun, Apr 13, 2014 10:54 am
Subject: Prizes 4 Soddy

The Prizes

rwer.wordpress.com
http://rwer.wordpress.com/the-prizes/#comment-43663

Please read “The Role Of Money” (Free full download) http://archive.org/details/roleofmoney032861mbp and then place the name , Frederick Soddy on the list.
Written in 1921,- 1934, Frederick Soddy not only explains the “systemic flaw” (allowing an entity other the the sovereign government the right to ‘print’ and ‘tax’ the sovereign currency; but also explains the unintended consequence of this awesome power.
“PREFACE
This book attempts to clear up the mystery of
money in its social aspect. With the monetary
system of the whole world in chaos, this mystery
has never been so carefully fostered as it is to-day.
And this is all the more curious inasmuch as
there is not the slightest reason for this mystery.
This book will show what money now is, what it
does, and what it should do. From this will
emerge the recognition of what has always been
the true role of money. The standpoint from
which most books on modern money are written
has been reversed. In this book the subject is not
treated from the point of view of the bankers
as those are called who create by far the greater
proportion of money but from that of the
PUBLIC, who at present have to give up valuable
goods and services to the bankers in return for
the money that they have so cleverly created
and create. This, surely, is what the public
really wants to know about money.
It was recognized in Athens and Sparta ten
centuries before the birth of Christ that one
of the most vital prerogatives of the State was
the sole right to issue money. How curious that
the unique quality of this prerogative is only now
being re-discovered. The” money-power
” which has been able to overshadow ostensibly responsible
government, is not the power of the merely ultrarich,
but is nothing more nor less than a new
technique designed to create and destroy money
by adding and withdrawing figures in bank ledgers,
without the slightest concern for the interests of
the community or the real role that money ought
to perform therein.”
Who was (Nobel Prize for Chemistry ,1921) Frederick Soddy ?
http://en.wikipedia.org/wiki/Frederick_Soddy

“In four books written from 1921 to 1934, Soddy carried on a “campaign for a radical restructuring of global monetary relationships”,[12] offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was “roundly dismissed as a crank”.[12] While most of his proposals – “to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort” – are now conventional practice, his critique of fractional-reserve banking still “remains outside the bounds of conventional wisdom”.[12] Soddy wrote that financial debts grew exponentially at compound interest but the real economy was based on exhaustible stocks of fossil fuels.”

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha
READ MORE: http://bit.ly/MlQWNs

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