Social Credit News

Monday, 04 December 2017 19:29

A Review of "Lives of Our Own"

Lives of Our Own – Social Credit, Catholicism and a Distributist Social Order, recently authored and published by Canadian Ph.D. Professor Oliver Heydorn...
Friday, 20 January 2017 19:49

The Centenary of Social Credit (1917-2017)

Today, January 20th, 2017 — besides being the Presidential Inauguration Day in the United States — is the 138th birthday of Major Clifford Hugh Douglas, the founder of Social Credit.
Sunday, 22 November 2015 20:53

A Review of Social Credit Economics

The following review of Oliver Heydorn's Social Credit Economics by Brent Ranalli will be published in the next edition of Basic Income Studies. It is already available on-line
Finally, the mainstream media is covering constitutional lawyer Rocco Galati's case against the Bank of Canada. In essence, the Bank of Canada, which, unlike many other central banks, is a public institution, has a mandate to provide the federal, provincial, and municipal governments with interest-free loans for various capital projects.
Tuesday, 03 February 2015 00:59

The Case to "Reinstate" the Bank of Canada

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes.
Thursday, 29 January 2015 00:56

A Social Credit Post on henrymakow.com

Just yesterday, Henry Makow posted the most succinct explanation of the economic aspects of Social Credit that I have written to date.
Friday, 16 January 2015 00:52

Monopoly - A Short Film

Georgiana (Gigi) Pinwill from Australia has just initiated a very exciting and promising project. She has prepared a script entitled "Monopoly" for a short film, which will hopefully serve as the starting point for a longer, feature-length production.
Saturday, 20 December 2014 00:48

LifeSite News and Social Credit

LifeSite News, which receives millions of hits every year, has picked up my blog entry on the importance of establishing a financial system that is actually supportive of life and families
Monday, 01 December 2014 22:21

The Mike Bower Initiative

In the past few months, Michael Bower from the United States has generously donated a significant amount of money in order to purchase author copies of Social Credit Economics and to have them mailed to various important individuals in the fields of politics, economics, and journalism.
Friday, 21 November 2014 11:33

El Crédito Social - Hispanismo.org

Quite recently, Martin Ant has translated a number of blog entries from this website into Spanish and has made them available on Hispanismo.org.
Monday, 17 November 2014 11:31

David Gleicher's Blog Entries

There are a number of professional economists who have commented favourably on some of C.H. Douglas' main ideas.
Monday, 27 October 2014 11:11

America's Puritanical Obsession with Work

A few months ago, Abby Martin from Russia Today criticized the unhealthy obsession with work that characterizes American culture. The average American between 25-54 who has at least one child spends nine hours every day working
Monday, 15 September 2014 22:58

Global Debt Clock

Some readers may already be familiar with the U.S. debt clock, The Economist also publishes a global debt clock which deals exclusively with national public debts...
Friday, 05 September 2014 11:04

Humans Need Not Apply

The following video, entitled "Humans Need not Apply", has received over 2 million hits on youtube. It explains how the development of intelligent machines (computers, robots, etc.) now threatens many of the occupations that traditionally relied on brain-power
Wednesday, 13 August 2014 07:07

Tax Freedom Day - Canada

Once again this year, the Canadian Fraser Institute has dutifully calculated “Tax Freedom Day”: “The Fraser Institute annually calculates Tax Freedom Day in order to provide a comprehensive and easily understood indicator of the overall tax burden faced by the average Canadian family.
Saturday, 09 August 2014 06:22

Re: "The Costliest Money Mistakes"

According to the latest edition of the “Money Minute”, the Royal Bank of Canada has discovered that 75% of Canadians struggle with consumer debt and that, on average, they owe 16,000 dollars per head (not including mortgage debt)
The New Zealand "Democrats for Social Credit" Party is celebrating its 60th anniversary this coming weekend

Latest Articles

  • Social Credit and Democracy: The Problem - Part Three
    Thus far in this series of articles exploring the relationship between Social Credit and democracy, we have seen that conventional ‘democracy’ suffers from a large number of design faults which vitiate it and render it ineffective. That would be bad enough, but Douglas goes one step further and claims that the ineffective mechanisms of conventional ‘democracy’ provide the best possible cover for the operations of a hidden dictatorship. Not only do they provide the best possible cover, but the same mechanisms which are ineffective from the point of view of fulfilling the true purpose of political association can be rendered most effective (by being cleverly manipulated) for the purpose of fulfilling an alternative policy-objective, one that is imposed by an agency that is external to the elected ‘government’.
    Tuesday, 18 September 2018 22:58 Read more...
  • Financial Credit as a Merit Good
    The debt­-finance system, by generating a chronic insufficiency of purchasing power, thereby requiring increased borrowing (in lieu of large trade surpluses) if economic activity is not to grind to a halt, causes the State ­ with its great, almost unlimited capacity to borrow, thanks to its power to tax (i.e. creditors are eager to lend to it in the knowledge that it will always have a means to pay them back), to expand its role in the economy. Thus, as society finds its purchasing power increasingly insufficient to satisfy its requirements, the State steps in, with its role becoming larger and larger as it fills the growing gap. Caught unawares by these developments, which they were utterly incapable of anticipating, economists scrambled to come up with theories explaining ­ and indeed, justifying ­ such extensive government intervention.
    Wednesday, 29 August 2018 14:16 Read more...
  • Visualizing the Gap
    The central contention of the Social Credit critique of contemporary economic management (or rather mismanagement) is the existence of a gap between prices and incomes in the operation of any modern economy - i.e. an economy based on debt-finance and multi-stage, mechanized production. This underlying deficiency of purchasing power, makes it impossible to liquidate the costs of production without resorting to increased debt and/or a large trade surplus - since prices cannot fall below costs without putting the continued operation of an enterprise in peril, (unless it can rely on direct or indirect government support). Furthermore, the critique contends that this gap is bound to grow as the economy becomes more sophisticated - i.e. as production involves more and more stages, and use of machinery increases - entailing spiralling debt and increasing trade tensions if the necessary financial remedies are not applied.
    Tuesday, 28 August 2018 13:37 Read more...