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Hello
Joe, Yes I was the
author of a response to one of your list letters which had some uncomplimentary
comments about your shallow line of reasoning, which among other things,
apparently supported the privately owned international banking complex being
allowed to create M1 (National Money Supplies) out of nothing as their own
private property, because in a 70 year old letter C.H. Douglas had
written that politicians could not be trusted.
My response was
particularly directed to you, and addressed accordingly, but your service
provider returned it to me saying that it could not be delivered. You are
welcome to ask whoever sent you bits of it to please forward you the whole
thing. In case that doesn't happen, I'll recover some of the
main points again. In material written for publication , which has a
completely different status, he emphasized several times that before a
Social Credit economy could be introduced it would be necessary to get control
of "the money power", and if that doesn't mean retaking control
of the sovereign right to create credit, then I don't know what else it
could mean.
From a slightly
different angle, if the state does not acquire credit emission
rights, what sort of a circus do you think would erupt if the Minister of
Finance approached the commercial banks (not state Reserve Bank)
with a request along these lines: "Okay you guys,
our "Z" million citizens have accumulated a
deficiency of purchasing power in period "X" amounting to "Y"
million dollars and they need that creating and refunding to them , preferably
via shops they deal with; but we realise that may be impracticable.
Maybe you would rather
credit it to their
personal accounts. How would you like to share round that credit
creating and distributing responsibility, or should our government call
for tenders to see which of your commercial banks could do it
cheapest ?"
Apparently the type
of democracy you tolerate is no more trustworthy now than in the days of
C.H. Douglas, and yet Switzerland has had a whole century of people
power enjoying complete control over their politicians and parliament, and you
have the audacity to question my education. The Social Credit
movement in N.Z. set in motion the movement to achieve Proportional
Representation (PR) , and its success has already fractured the absolute
dominance of Parliament by the two party club; and is philosophically supporting
the BCIR initiative, on the Swiss pattern. It is
progressing.
Why are you not
supporting these initiatives , instead of undermining and causing
confusion about what most monetary reformers accept as conditions precedent for
the introduction of people's democracy and a Social Credit
economy? In your present situation , I am forced to
conclude that you are doing much more harm to the cause of monetary reform in
general, and Social Credit in particular, than any good. You
would be doing both movements a good turn if you completely
disconnected. Why not openly help the Money Power instead of
just doing it by recycling confusion to this list
?
Cheers to the other participants.
Don B
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THE MONEY POWER
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