19 August 2011Thought for the Week:
“Are you aware that CH Douglas' book “Social Credit” was translated into Japanese and published in 1929 (there is a copy in the Secretariat Collection housed in the National Library of Scotland)?
Settle your policies first - which is a political issue. Only then do you settle on the appropriate financial mechanisms to carry out the policies”.
- - Frances Hutchinson’s response to a Social Credit discussion group: 16th July 2011
WAS JAPAN PUSHED INTO WW II BECAUSE OF ITS BANKING SYSTEM?
The question above was recently raised over the internet in relation to the present world financial upheaval. In order to provide an answer to that question we have taken excerpts from Wallace Klinck’s correspondence on the ‘social credit’ history behind the claim that Japan was pushed into WW II.
The Japanese experience would seem to vindicate Douglas in criticizing the "usury-hunters" for obsessing about interest as the bête noir or "Black Beast" of economic injustice while overlooking the core defect in the existing price-system which relates to the inclusion of accumulating allocated capital charges in final retail prices, this being the primary cause of an increasing deficiency of purchasing-power and consequent dependence upon escalating financial debt.
Elizabeth Gaskell’s 1850’s novel “North and South” provides some background here…
The correct Social Credit policy is the optimal decentralisation of power ultimately to the individual. Some people have picked up on the Social Credit idea of making all things physically possible as being accomplished through State initiative rather than properly through expressed consumer demand - where production responds according to the approval of a democracy of consumers. The purpose of production is consumption and production must serve consumption.
Another participant in the discussion had this to say:
But, as he stated later in the 1930's, the Japanese government had employed the "REVERSE" of his ideas on Social Credit. And for a purpose that was in REVERSE of the philosophy behind those ideas. Namely the advancement of the "Will to Freedom" for each of us as individuals, over the "Will to Power" of a dominant State.
The Japanese attempted to push their manufactures on a Depression-era Western world that saw such manufactures further exacerbate their own countries' economic problems. A somewhat similar parallel could be drawn today with China. There is NO SOLUTION to the world's economic and financial problems to be found in any country going this route.
To use the REVERSE of the Douglas ideas will lead to a Fascistic world, (which no doubt is the hope of the author of the article), only whatever potential advantages Fascism holds for anyone, if any, will be lost as Nations inevitably plunge themselves into the abyss of war again. This can be the only outcome of any system set-up to embellish the "Will to Power" over that of the "Will to Freedom".
Read for yourself what Douglas had to say to the 1929 World Engineering Congress: “The Control and Distribution of Production” C.H. Douglas’ 1929, price $7.00 plus postage
FORMER ASTRONAUT REFLECTS ON MODERN JAPAN
Astronaut turned organic farmer reflects on modern Japan and evacuation from Fukushima -
Asked what he thinks of the situation four months into his evacuation to a place that's approximately 200 kilometres from the power plant, Akiyama says,
“Astronaut turned organic farmer reflects on modern Japan and evacuation from Fukushima” - (Mainichi Japan) report August 7, 2011: The first Japanese astronaut to travel to space in 1990 on the then-Soviet spacecraft Soyuz, journalist Toyohiro Akiyama, had since moved to the Fukushima Prefecture city of Tamura to become an organic farmer. Since the accident at the Fukushima No. 1 Nuclear Power Plant, however, the 69-year-old Akiyama has been staying in the Gunma Prefectural city of Fujioka, where he greeted me at the bus station with a deep tan, wearing rubber boots. He seemed to be perfectly comfortable in the role of farmer, both inside and out.
I was led down the Kanna River that borders Gunma and Saitama prefectures to a 600-square-meter rice paddy that Akiyama had rented from an acquaintance of his who also engages in organic farming. Akiyama planted rice seedlings here in early July. "In Fukushima, I used to plant rice around May 20 or so, but it took a long time before water temperatures went up," Akiyama says. "I'm surprised by how quickly the rice grows here."
In a greenhouse, Akiyama grows vegetables such as asparagus, kabocha squash and peppers. Akiyama seems to be settled into his new home, now that he's finally "returned" to his life as a farmer.
Akiyama bought a 10,000-square-metre plot of land at an elevation of 600 meters above sea level in the Abukuma Mountains. He began growing shiitake mushrooms, rice and vegetables. This year -- what would've been his 16th year farming in Fukushima -- he had planned to keep bees and try his hand at becoming self-sufficient in honey. Then the Great East Japan Earthquake struck.
Must rid ourselves of ideology ‘we can’t be happy without economic growth’
The one puzzle that Akiyama, who went through his college years in the wake of the 1960s student demonstrations, has tried to understand throughout his adult life is the modernization of Japan. The reason that he jumped into farming was because he wanted to experience the self-sufficient lifestyle that existed before the country modernized. Looking at the Earth from Space Station Mir, he says, reinforced the notion that in light of the environmental degradation that was taking place, it was time for him to take action.
From the rapid economic growth era to the bubble period, post-war Japan has constantly pushed forward in pursuit of economic growth. "By the 1980s, the only demand we could expect was in the form of replacement purchases. Once things have been distributed to the entire population, there's nothing left to do but stoke desire. As a result, we've been made to feel that we cannot go on without things that we actually don't need.
Financial accounting just doesn’t make sense for the primary sector
"Corporations are finding their way into farming, too, but for them, profit is the objective. But year-by-year financial accounting just doesn't make sense for the primary sector." Meanwhile, a nuclear crisis triggered by the March 11 earthquake and tsunami has yet to be brought under control. What's next for Akiyama, who evacuated on his own accord from his home in Tamura, located just outside the 30-kilometer evacuation zone set by the government?
"I think that I may be able to return home once the reactor buildings are covered," says Akiyama, adding, however, that because shiitake mushrooms -- which used to bring him 1 million yen per year through direct sales -- are believed to readily absorb radioactive cesium, he'll have to hold off on that for decades.
"I'll have to wait for about 30 years. By then, I'll be 99 years-old. That's how long cesium's half-life is. Like the government says, radiation levels might not be at 'levels that pose an immediate danger to health,' but I won't sell anything that I can't confidently say is safe. Negative rumours (about the safety of certain foods) are a reflection of the public's distrust toward the government. The public is wise not to buy products that they are told have radiation levels below the maximum permissible amount, when they aren't being presented with hard data."
Akiyama also voices anger, which may be what's felt by many people from Fukushima. "My post-retirement has been totally ruined. I want to make a voodoo doll with straw when I harvest my rice plants this fall, give them names of those in the 'nuclear power village' (a tight web of academics and industry and government members promoting nuclear power), and strike nails through them."
FARMERS GETTING A DUD DEAL FROM CSG - SAY NATIONALS
Questions from National Senator Bridget McKenzie at Senate hearings on coal seam gas today in Canberra reveal that farmers are getting a dud deal. Santos has revealed to the Senate that their Gladstone LNG project is set to produce $9 billion a year in revenue. Questioning in the Senate Rural Affairs and Transport Committee today revealed that a landowner can expect on average, at most, $2,500 per year per well. The GLNG project is set to drill 2650 wells meaning that landowners can expect only about $6.6 million of the $9 billion in revenue, or about 0.074%. “I think if someone was going to come on to my property to make $1000 and offered me 74 cents in return I would consider that grossly unfair”, said Senator McKenzie today.
“These outcomes seem to be a consequence of the imbalanced negotiating rights that farmers have. Under current laws, the bottom line is that gas companies can come on to someone’s land if negotiations fall over. There is a gross imbalance in negotiating power.
Under questioning Santos did not deny the 0.074% figure but instead responded: You have taken one aspect of our compensation regime, which is a per well amount. There is much more to how we compensate landholders.
It’s not clear what that extra compensation is. Do they provide morning tea?
- - Senator Barnaby Joyce and Senator Bridget McKenzie (Nationals) 9 August 2011
WILL THAT BE ONE TB OR TWO WITH YOUR IMMIGRATION & POVERTY?
by James Reed
In London cases have surged 50% in the last decade; TB rates in some areas of London are higher than on the Indian subcontinent. (The Weekend Australian, June 4-5, 2011, p.22) Many cases are resistant to existing TB drugs. The fate of London is likely to be the fate of some parts of major Australian cities as well in the future.
TERMINATOR MIND SET: END RESULT OF THE 'TECHNO' NIGHTMARE ?
by Chris Knight
TIME TO END THE ‘AUSTRALIA’ EXPERIMENT: SECESSIONISM
by James Reed
THE ASIAN ‘MINUTE’? THE GREAT NUKE RACE
by James Reed
All this is occurring in countries which have fought three wars since 1947. Pakistan as well could lose control of some of its nuclear bombs to its friendly neighbourhood terrorist groups. Remember, according to the Establishment Osama lived down the road from a swanky military academy. For either reason the so-called ‘Asian century’ could become the ‘Asian minute’ as hundreds of nuclear fire crackers light up the skies.
WOMEN TAKING OVER ‘THE LAW’? LET ’EM HAVE IT!
by Ian Wilson LL.B.
She should worry no more if Richard Susskind, author of The End of Lawyers? (Oxford University Press, 2010) is right. Susskind argues that the combined effects of commodification and economic rationalism (the need to maximise profits) and information technology, will and is, radically transforming the legal profession. Tasks which once required expert professional judgement can be dealt with by lesser qualified people using on-line resources. The end result of this process is that lawyering will decline. Thus the end of lawyering and the feminisation of the workforce can happily wed and march down the aisle of the unemployment queue.
LETTER TO FINANCIAL ADVICE JOURNAL
My first reaction is to suggest that practically every nation on earth has either produced more than it consumes, or is attempting to do so and look at the situation we are in!!
The best way to consider economic theories can sometimes occur by looking at an uncomplicated example like an isolated community. Imagine an island if you like, where the inhabitants manage to grow sufficient food for themselves and they are able to construct adequate shelter from local trees for housing. Keeping it simple, what possible benefit would they achieve if they "grew their economy" by producing an excess of food or housing? I fail to see any benefit, let alone "the ability to produce more real wealth with more efficient means and thus less real effort".
- - Sincerely, Ken Grundy Naracoorte South Australia
"On Target" is published by the Australian League of Rights, Box 1052. G.P.O. Melbourne 3001.