Social Credit Views

Friday, 07 November 2014 14:44

Social Credit and Usury

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One of the most common misunderstandings where Social Credit is concerned is the notion that the Social Credit diagnosis can be adequately summarized along the following lines: "The problem with the existing financial system is that the banks create money out of nothing in the form of bank credit and then proceed to charge interest on the money that they loan out. Unfortunately, they do not create the money to pay the interest and this leads to a continual build-up of unrepayable debts, etc., etc." This popularized interpretation of Social Credit is erroneous.

Although I disagree profoundly with Walter Russell’s ‘New-Agey’ worldview and spirituality, I think that he was on to something when he claimed that the very essence of the created universe consists in ‘rhythmic balanced interchange’. In a similar vein, I think that the type of changes envisaged by a Social Credit monetary reform (in clear contradistinction to all other monetary reform proposals) may be duly encapsulated in terms of ‘distributive self-liquidating balance’. Let us examine each of these elements in turn and in reverse order.

It seems that more and more people in various countries are starting to take proposals for the introduction of a basic income quite seriously.

Monday, 20 October 2014 00:32

The Importance of Folk Culture

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In our contemporary world, dominated as it is by a dysfunctional (read unbalanced) financial system that is leveraged by a credit monopoly, indigenous folk cultures are being threatened and gradually eroded.

The following review of my booklet The Economics of Social Credit and Catholic Social Teaching was recently published by James Reed in Australia:

Friday, 05 September 2014 20:50

Re: The Shrinking Need for a Workforce

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The following comment was submitted by Wally Klinck in reference to a recent blog entry

Monday, 01 September 2014 03:28

Real 'Helicopter Money'

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A friend recently brought my attention to a very interesting article posted by "Tyler Durden" on Zerohedge.com

Thursday, 21 August 2014 18:12

Why Social Credit is not Socialism

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One of the chief misapprehensions under which newcomers to the subject often labour is that 'Social Credit' must be some form of socialism because, after all, the phrase encompasses the word ‘social’. So that there may be no confusion, let it be made clear that in spite of the appearance of the word ‘social’ in ‘Social Credit’, Social Credit is not only not socialistic but decidedly anti-socialist.

Thursday, 14 August 2014 12:53

A Conversation with a Loans Officer

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Some time ago, I had the following conversation with a loans officer from a major Canadian bank:

Wally: When you issue these loans to borrowers you create the money out of nothing, don't you?

Friday, 01 August 2014 18:05

The Meaning of Leisure

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A few days ago, a friend of mine brought my attention to an article that had been published just recently in Crisis Magazine. The article was entitled “Why Leisure is the Remedy for Sloth”:

Saturday, 26 July 2014 02:54

A+B: A Mathematical Reply to an Objection

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In his book Credit-Power and Democracy, C.H. Douglas introduced the A+B theorem as follows:

"A factory or other productive organization has, besides its economic function as a producer of goods, a financial aspect – it may...

One of the key aspects, if not the key aspect, of the Social Credit analysis of financial and hence economic dysfunction has to do with the chronic and underlying deficiency in consumer purchasing power

Sunday, 13 July 2014 20:42

What is Social Credit All About?

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As this is the inaugural blog entry for 'The Clifford Hugh Douglas Institute for the Study and Promotion of Social Credit’, it seemed fitting to deal upfront with the central question which invariably preoccupies the minds of most newcomers to the subject: what exactly is Social Credit?

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