Social Credit News

     The financial and economic problem that has plagued civilization since the dawn of the industrial age may be described as a Gordian knot[1], i.e., as an intractable problem that cannot be solved within its own conventional framework, but only by thinking outside of the box. Those few of us who have studied both the problem and Douglas’ response to it in-depth have become convinced that Douglas, like a modern-day Alexander, cut this Gordian knot and discovered the correct path for the harmonious resolution of this problem.

     The irony, however, is that when it comes to effectively and efficiently communicating Douglas’ brilliance to a wider public, the Douglas Social Credit vision for our financial system and economic life may itself be likened to a Gordian knot (not in itself, but in deciding how best to explain it). There are so many issues, positions, evidences, and arguments bound up in the problem and so many potential misapprehensions, prejudices, ideological blinders, and confusions on the part of the newcomer, that it normally takes an individual, even those who are well-disposed, countless hours of intense study to decipher exactly what Douglas was on about and to fully appreciate the ingeniousness and elegance of his proposed solutions to our various (but often intimately and intricately related) social problems. Over the years, I have attempted, by various means and with various degrees of success, to drastically cut down the time and effort necessary for the would-be learner to understand DSC. After the lengthy pondering that was occasioned by last month’s attempt (“Douglas Social Credit by Way of Metaphor”), I think I have now found, in its broad outlines, what is perhaps the shortest, most direct route that has ever been articulated.

For whatever reason, Douglas Social Credit seems to exhibit an unusually high informational “barrier to entry” and yet it is vital that as many people as possible would come to understand it as quickly as possible because the financial analysis and remedial proposals of Major C.H. Douglas (1879-1952) are the solution to 90% or more of our financial, economic, political, cultural, environmental, and international problems. In what follows, I will focus on the monetary dimensions of Douglas Social Credit, though the reader should be aware that DSC constitutes a much broader body of thought which incorporates a social philosophy, a political theory, and also a theory of history. Since the easiest way to grasp something new and therefore unknown is to approach it by means of the known, this article relies heavily on metaphors to communicate the truth of Douglas’ vision.

On January 3rd, 2024 and again on January 10th, 2024, Dr. Oliver Heydorn appeared as a guest of Journalist Mark Anderson on the Republican Broadcasting Network. The interviews can be accessed under "read more".

     If the inflation we are witnessing is cost-push, instead of demand-pull, or insofar as it is cost-push, there is another way of dealing with the problem which governments and their central banks should seriously consider: compensated price discounts. Instead of increasing wages across the board (which will only further increase prices), the same amount of money required for the wage increases could be spent on reducing prices through a universally applied discount (a kind of reverse sales tax). Retailers would be compensated to the extent of the discount (enabling them to meet their costs in full), while consumers would see the purchasing power of their current wages, savings, etc., correspondingly increased. The cost-push inflation would be neutralized and everyone would benefit.

    Now, if we can agree that inflation is a bad thing and that we need to address it, i.e., to neutralise it, it is likewise crucial that we can accurately discern what it is, in fact, that is causing the inflation. For there are two basic forms that inflation may take: 1) demand-pull and 2) cost-push. Just as in medicine, successful treatment most likely presupposes a correct diagnosis.

    The truckers have given us new hope, let us use the social energy which they have generated to achieve what otherwise would have been impossible: a constitutional reboot which will make Canada as financially and politically independent of globalist interference as possible.

While there are significant differences between Modern Monetary Theory (MMT) and Douglas Social Credit, Professor Kelton’s talk allows us to turn our attention, for a change, on some of the points of commonality.