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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: [log in to unmask]" href="mailto:[log in to unmask]">Roger Harnden
To: [log in to unmask]" href="mailto:[log in to unmask]">[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: [log in to unmask]" href="mailto:[log in to unmask]">Javier Livas
To: [log in to unmask]" href="mailto:[log in to unmask]">[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.





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?


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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