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Absolutely find your definition of 'asset' useful,

Roger

On 4 Jan 2011, at 13:27, Boris G Freesman, Q.C. wrote:

> Another way of thinking about it is this.
>
> Cash is debt. On the other side of the ledger, infrastructure and  
> services – from sidewalks to submarines – are assets. And the taxes  
> we pay are like rent for the use of those assets which the State  
> uses to pay interest on the debt.
>
> The problem is that our landlords have gone stark nuts and they now  
> set as rent any sum that they feel is sufficient to allow them to  
> continue operating and waste. We are in danger of creating a  
> situation in which most, if not all, of the rent we pay is needed  
> just to pay the interest!
>
> So the time has come to get rid of these landlords… before they go  
> so far overboard that they take us down with them.
>
> So, yes, the time for revolution has come. And Stafford has shown us  
> a way to do it peacefully and intelligently and not with blood and  
> bullets as has almost universally been the case before.
>
> Happy new year!
>
> Boris
>
>
> ----- Original Message -----
> From: Roger Harnden
> To: [log in to unmask]
> Sent: Tuesday, January 04, 2011 5:52 AM
> Subject: Re: The World is Flat
>
> Yes Javier.......and, surely, as individuals we do have a degree of  
> power to direct our expenditure and to control the exchanges we  
> engage in on a recurrent basis. And this incipient power (which we  
> tend not to assert because of mechanisms such as innate conservatism  
> and the influence of advertising and peer pressure), this incipient  
> power gains more potential (anyway this is my faith) through an  
> enhanced global/cross-cultural infrastructure of connectivity.
>
> Because such an infrastructure has an intrinsic inertia for making  
> social organisational boundaries more porous. It is the porosity of  
> social organisational boundaries that for me characterises  
> democracy. In oother words, freedom to disengage as much as to  
> engage in various shared mindsets, cultures, geographies, languages,  
> practices.
>
> As youindicate, Javier, the rest of it (such as separation of  
> ';cash' from 'debt' is a chimera, that is quite explicitly aimed to  
> lessen the natural yearning to be able to disengage and move and  
> shift one's recurrent interactions (whether in person or in ideas).
>
> Roger
>
> On 4 Jan 2011, at 10:35, Javier Livas wrote:
>
>> So be careful where you put your money.
>>
>>
>> On Jan 3, 2011, at 2:16 PM, Boris G Freesman, Q.C. wrote:
>>
>>> What is an even more scary thought than that, is that the State  
>>> can continue increasing and escalating it and there is nothing on  
>>> Earth that can stop that, either!
>>>
>>> Boris
>>>
>>> ----- Original Message -----
>>> From: Javier Livas
>>> To: [log in to unmask]
>>> Sent: Monday, January 03, 2011 1:57 PM
>>> Subject: Re: The World is Flat
>>>
>>> Stefan,
>>>
>>> What we can say about STATE DEBT is one thing for SURE: it is  
>>> SOVEREIGN DEBT and there is nothing on Earth that can guarantee  
>>> its repayment. Scary thought,
>>>
>>> The US SUPREME COURT even says that Debt of the State of  
>>> California, for instance, is also SOVEREIGN. How about that?
>>>
>>> Javier
>>>
>>> On Jan 3, 2011, at 12:47 PM, Stefan Wasilewski wrote:
>>>
>>>> I understand that but the rules are not the same between state  
>>>> debt and individual/corporate debt
>>>>
>>>>
>>>> On 3 Jan 2011, at 17:52, Javier Livas wrote:
>>>>
>>>>> Dollars, (pounds, pesos,) are debt.
>>>>>
>>>>> My video on the issue.
>>>>>
>>>>> http://www.youtube.com/watch?v=3Bo5ogY9Bhw
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> On Jan 3, 2011, at 10:20 AM, Roger Harnden wrote:
>>>>>
>>>>>> Hey, Russell.......
>>>>>>
>>>>>> What precisely IS debt?
>>>>>>
>>>>>> You know what our paper currency has as its sub-heading? I quote:
>>>>>>
>>>>>> Under the title 'The Bank of England", UK notes contain the  
>>>>>> following words:
>>>>>>
>>>>>> "I promise to pay the bearer on demand the sum of.....{five,  
>>>>>> ten, twenty, fifty] pounds"
>>>>>>
>>>>>> Russell - cash IS debt. We are never actually paid the sum (as  
>>>>>> bearers). We are simply acknowledged as being legitimate  
>>>>>> creditors of the Bank of England to the tune of..........
>>>>>>
>>>>>> I simply cannot understand these debates concerning debt, which  
>>>>>> appear to assume there is some sort of cash transaction that  
>>>>>> exists without debt. Cash IS debt. Cash is promisary, not real.
>>>>>>
>>>>>> Or, guys, have I got this wrong???
>>>>>>
>>>>>>
>>>>>> Roger
>>>>>>
>>>>>>
>>>>>> On 3 Jan 2011, at 13:08, Frank Wood wrote:
>>>>>>
>>>>>>> The most effective action students could take is simply refuse  
>>>>>>> to to go  uni for a year. That would put the wind up all those  
>>>>>>> that make their money from "education"!
>>>>>>>
>>>>>>> Even when students protest/riot they are complicit in the  
>>>>>>> fraud that you have to go to uni for practically any job you  
>>>>>>> wish to get.
>>>>>>>
>>>>>>> Have a Happy New Year and I hope that you weren't in the flood  
>>>>>>> area but I think you weren't cos you live down South, if I  
>>>>>>> recall.
>>>>>>>
>>>>>>> Frank
>>>>>>>
>>>>>>>
>>>>>>> On 3 Jan 2011, at 05:29, russell_c wrote:
>>>>>>>
>>>>>>>> World might be flat -- but the debt is rising sky high.
>>>>>>>>
>>>>>>>> How can this be sustainable?
>>>>>>>>
>>>>>>>> http://english.aljazeera.net/video/americas/2011/01/20111252018281486.html
>>>>>>>>
>>>>>>>> UK students may be revolting, but US students just 'take  
>>>>>>>> another shift'?
>>>>>>>>
>>>>>>>> What has happened to the 60s and Kent State etc?
>>>>>>>>
>>>>>>>>
>
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