So after a few months of studying Social Credit, I think I can summarise it thus;
It would be a financial system that is neither capitalist, nor communist. It would create interest free money, free of anything we would recognise as banks or private central bank cartels, and would be able to provide everyone with a ‘national dividend’.
The national dividend, would be the difference between all productivity and the wages, capital gains and dividends given out to share holders of companies across the economy. The chart bellow shows the gap between productivity and wages, showing that there is not enough money in the system to buy all the production available, meaning people go into usurious debt to purchase part of the remainder.
So if we were to use a Social Credit like system, everyone would be credited an equal part of the difference, instead of having to go into debt. In the cases above, each American and Canadian, that is each man woman and child would get about $16,000 a year! That would be very handy when it comes to Christmas shopping, or getting a new car, or paying for a child’s education. This would mean that people could easily have as many children as they want, as a couple would make near to $30,000 a year, and $16,000 with each new child! Although, the dividend paid would depend on the year, the number of people working, as I imagine some people would not bother working and just like on the dividend, so it would fluctuate. Also this would mean the end of a welfare state, another very good by-product of the ‘national dividend’, as taxes would disappear, and with it government programmes, although this could happen over time.
I like the sound of that!
Next, the banks, which will be co-operatives, credit unions or publicly owned institutions, would lend to business and people as needed, but for only the return of the original capital, which is needed to keep the money supply stable, to preventing inflation. The loans would be for production, construction of houses, hospitals, schools and other needful things, roads, airports, seaports, bridges etc…without any local or national government having to go into the debt spiral, where they end up having to roll over debt just to keep afloat. Under a Social Credit system, most governments would not get into ridiculous debt, and if they did, they would not have the interest to pay, only the capital.
Another part of the Social Credit system which Clifford Hugh Douglas explained, is that we would not need political parties, now this is something I like, although I don’t think it is necessarily true, he tells us that parties are divisive, and he also opposed ‘democracy’, as I do, just read the next paragraph;
‘Now “the people” is a collective term which, in order to make its nature clearer, may be translated as “the mob”. I am not substituting what may appear to be a derogatory word for one which appears to be more respectable, with a view to expressing contempt for the population considered collectively, but because a good deal of attention has been devoted to the psychology of mobs, and the conclusions, where they are sound, are obviously applicable to democracy. The outstanding feature of a mob is that it does not reason, or certainly does not reason effectively. Its conclusions as based upon reason can be stated, with confidence, to be almost invariably wrong. A mob feels, it does not think, and consequently by whatever mechanism we represent a mob we can represent only a desire, not a technique. It is, of course, possible to contend that the desires of a mob are always or frequently wrong. That is the blasphemy based on the theory of original sin, which is evident in the world today in various forms which can be largely included in the word “Puritanism. I do not believe in original sin. It is, however, quite certain that desire, emotion, or feeling, however you wish to phrase it, is plastic and possesses from its nature a strong desire to clothe itself in forms, so that if a mob shouts “We want food and shelter” it is easy to get it to translate that into a cry “We want work”, which is, of course, not at all the same thing. Now in this country we have evolved a mechanism of election which is alleged to be for the purpose of making the will of the mob evident. But the most cursory examination of the slogans on which elections are fought is sufficient to show that the machinery has been completely perverted.’
So, here we have a philosophy, which opposes, sensibly, and rationally the power of the bankers and the oligarchs who are behind them, it opposes party and strife, which is used to divide us, it opposes communism and the attempt to create an utopia here on earth, it is as Douglas explained, practical Christianity. Which is probably why it would never be tried, and if it was, why it would be opposed violently.
The legal and frenzied thievery which the whole modern edifice of government and finance is committing is astounding, the trillions that they have accumulated through no effort, on the backs of wage slaves, is criminal and immoral. The party politicians who are bought and paid for, who whore out their people for a small cut of the action are traitors and criminals who should be executed. The doped mobs of morons who are glued to ‘Big Brother’ and ‘Glee’ are oblivious of how their standard of livings are dropping, how it is getting harder and harder to live at an acceptable level, how they seem to never be able to buy or even rent a nice home and how their labour is being stolen from them by lazy, immoral and cruel TRILLIONAIRES!
Capitalism is Communism with some restraint, or at least the look of restraint, it is Communism done subtly, whilst Capitalism is a licence to loot until the people have nothing left and have been enslaved de jure as well as de facto. The system is bust, the time has come for something new.
A system with no usury, no interest and no fat Trillionaires living the high life for doing nothing! A system where ‘democracy’ and party is disempowered, where localities would be freer and thus all men!
Why not give Social Credit a go?