| Subject: | Re: [socialcredit] Switzerland & People Power | | Date: | , August 7, 2005 07:56:00 (+0200) | | From: | cymric <cymric @.......nz>
|
Howdy Joe,
I agree with your first comments regards the seeds of the war were sown much
earlier and predicted at least as early as 1923 by Douglas if my memory serves me
well.
But as to the "myth" about Mickie Savage and 'social credit' policy getting the
country out of the depression, whether from Hughe's book or not is synical
for some unknown reason.
Savage's party campaigned on the promise of nationalising the Reserve Bank (
Montague Morman creation) and using it to build NZ by its direct creation of
credit rather than borrowed pounds from the Bank of England.
Curton in Australia and McKenzie King ran similar campaigns which won them
elections as well, but only Savage actually did anything, is that whe reason for
the synicism? And as you said they all benefited from the primary produce sold
to Britain in war time, which totally irrevelant to what Savage did.
The late Prof. John Hotson who had the Economic Chair at US Waterloo university
toured NZ about 1990 was persuaded Savage did something effective as compared to
you and Hughs. He praised NZ for getting out of the depression by the practical
and sovereign use of the Reserve Bank and not using the war like the rest of the
world, and advocated we return to that policy.
AFter his ( Savage)death Nash who was the Finance Minister took over and when
visiting the Bank of England was threatened with an embargo on our exports if we
didnt realise the error of our ways. Now why would they want to do that if
Savage and Hotson had only talked through a hole in their hat?
Would you like Kiwi's to tell you your political history?
Peter H
Joe Thomson <thomsonhiyu@shaw.ca> wrote:
>
> (Don Bethune wrote:-) I should not have to remind either of you that =
> the seeds of WW 2 were sown in the Empire
> Preferences Conference in Ottawa circ 1930-31, where the "Sliding Scale
=
> Tariff Agreements" were signed for the specific purpose of closing =
> Empire markets to Japan and Germany, by the use of sky high tariffs =
> against them
>
> Joe replies:- According to no less an impeccable source than Douglas =
> himself, the seeds of WW II were sown much earlier. Well before the =
> 'Depression' even came about.
>
> In regards to Imperial Preference, it was a very good thing for your =
> country, and ours, that inter-Empire trade arrangements were made at =
> that time. Which had a far greater bearing on allieviating the effects
=
> of the Depression than did the 'myth' that a NZ Labour party government
=
> followed the prescriptions of 'Social Credit'.
>
> Pity those trading arrangements couldn't have been accompanied by an =
> appropriate financial policy that would have allowed ''British Empire, =
> Limited'' to achieve the very real potential for ALL British subjects =
> that it was then very physically capable of.
>
> By the way, how many of Douglas's "New Zealand Proposals" were enacted =
> by that first Labour government? Were they even understood by New =
> Zealanders of that political persuasion? Or did they go right over =
> their heads entirely, as they embraced something else in the name of =
> 'social credit' via Savage's Labour Party? Wasn't it more a case as =
> noted in the John Hughes book in regards to 'social credit' in NZ ~ that
=
> the prevalent view in NZ of that era was a fervent hope that 'something'
=
> would be implemented in Britain, and lead to a recovery of the British =
> economy and renewed demands for NZ export products there? And it didn't
=
> really make much difference what that 'something', be it called 'social
=
> credit' or whatever, actually was ~ virtually no one in NZ understood =
> it, or wanted to, anyways? And just look at where you are today ~ the =
> more things change, the more they remain the same!
>
>
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