| Subject: | Re: [socialcredit] RE: [NZ_Banking_Reform] Re: [socialcredit] RE: NOT TRUE(02) - the world is in the same boat. thecure is vigorously use democracy. | | Date: | Wednesday, October 12, 2005 08:26:36 (-0700) | | From: | Joe Thomson <thomsonhiyu @....ca>
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Hello Henry, (and All),
Not to disagree with you, but to seek clarification of something which seems
to me to be somewhat of a sticking point on which many discussions about
Social Credit seem to stall.
You wrote, quoting from a publication put out by the SC Secretariat in
1994:- "The power to create money must be withdrawn from the commercial
banking system. The creation of the communities money supply, debt free,
must revert
to a government authority - a National Credit Authority...."
If the first sentence above had said, "The EXCLUSIVE power to create money
must be withdrawn from the commercial banking....", I wouldn't be asking
what I'm about to ask. But it does not. And so I must ask, just "where"
in C H Douglas's writings does he clearly say that the actual "CREATION" of
ALL 'money' is to be the exclusive purview of the NCA?
It is my current understanding, and I may well indeed be mistaken, that the
NCA, or National Credit "Office", I believe Douglas called it, was to be a
purely 'statistical' agency. Charged with instructing the central bank or
national Treasury to make the necessary payouts in regards to the National
Dividend and the Consumer Price Discount as apprporiate.
I have not seen from Douglas where "ALL" credit "creation" is to be actually
'centralized' in such an 'Authority'. I'm not saying for a moment such a
proposal may not have been made, though from what I've read of Douglas it
would seem to me to be counter to his constant call for "de-centralization".
And I have a bit of trouble envisioning just how such an arrangement as the
1994 Secretariat seems to propose would work without the danger that the NCA
could become 'master' over the people, rather than a 'servant' of them.
Could you please elaborate, or point me towards a reference in Douglas that
confirms the 1994 Secretariat's position?
Best wishes,
Joe Thomson.
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