Edmonton
Senior
January,
2008
L E T T E R S
Page 6
Social
Credit
poses
threat to
centralized
power
Editor,
Lou Broten’s column (November
2007) “From Civic
Politics to
the New World Order” is to be commended
for sounding
the alarm re the treacherous and frightening
move toward
“globalization” and the quickening political
activities
directed to amalgamation of the nations of the
world into an
increasingly centralized world state or “New
World
Order.”
Removal of the locus of
political power evermore distant
and beyond
the control of the individual citizen portends
establishment
of the ultimate tyranny.
Mr. Broten’s references to the
influences giving impetus
to this
sweeping move toward centralization of world
power seem
apropos in consideration of such unequivocal
statements
from such as David Rockefeller, quoted from his
autobiography
Memoirs:
“For more than a century,
ideological extremists at either
end of the
political spectrum have seized upon well-publicized
incidents to
attack the Rockefeller family for the inordinate
influence they
claim we wield over American political
and economic
institutions.
“Some even believe we are part
of a secret cabal working
against the
best interests of the United States, characterizing
my family and
me as ‘internationalists’ and of conspiring
with others
around the world to build a more integrated global
political and
economic structure – one world, if you will.
If that’s the
charge, I stand guilty, and I am proud of it.”
Mr. Broten’s reference to the
Social Credit movement,
especially
its policy as originally advanced by the late
Major
Clifford Hugh Douglas, is especially relevant inasmuch
as genuine
Social Credit policy would
empower each
citizen,
through appropriate financial reform, producing
growing
independent income and falling prices by means of a
universal
National (Consumer) Dividend and Compensated
Price. Social
Credit poses the greatest threat to the policy of
centralized
power.
His resort to Webster’s Encyclopedic
Dictionary, for a
definition of
Social Credit is, however, unfortunate.
The
description presented by Webster’s is almost an
entire
misrepresentation
of Social Credit.
Douglas did not propose to
distribute the profits of industry
to the
consuming public. His economic analysis revealed
an
exponentially increasing insufficiency, in each
successive
production
cycle, of effective consumer income distributed,
compared with
the prices generated within that cycle by
industry – a
disparity largely resulting from the premature
cancellation
of consumer income consequent to added
allocated
capital charges recovered in consumer prices at
point of
sale.
Orthodox financial policy
attempts to “bridge” this financial
chasm by
increasing debt issued for current consumption
as an
inflationary charge to be recovered from future
cycles of
production. The major economic problem
is that in
consumer prices the consumer is properly charged
with capital
depreciation but, quite improperly, not credited
with capital
appreciation.
The Social Credit Consumer
Dividend and Price
Compensation
would be financed by consumer credits
issued from
outside the industrial costing system. They
would
substitute for the billions of dollars of money currently
created as
consumer debt via bank loans.
Unlike the
vast amounts
of money created as loans by the banking
system as
exponentially expanding debt, the Social
Credit
consumption credits, not
Continued on
page 17
accounted as
debt, would create no new financial costs
and would be
available to liquidate the earlier debts of
industry
contracted as bank loans to initiate the processes
of
production.
What Douglas advocated was the
conferring upon each
individual citizen, in effect, of an increasing
and inalienable
beneficial
share in the communal capital in the form of
increased
purchasing power – so as to establish a condition
wherein all
citizens might enjoy increasing economic
security
“wherein none could make them afraid.”
Social Credit is not designed to
stimulate consumption, as
such, but
rather to allow citizens to claim, dynamically and
without
incurring debt as a mortgage on their futures,
what they
choose willingly to produce within the context of
free
association.
They will no longer be required
to produce additional goods,
increasingly superfluous and destructive. Rather
than being
impelled into
increasingly frenetic pseudo-economic activity,
citizens can
be expected to opt for increasing leisure in the
context of a
civilized cultural milieu. The object is a genuine
and balanced
state of freedom, abundance and leisure.
This is in contradistinction to
the present orthodox financial,
and, indeed
communist, socialist and fascist, tyrannical
state policy
of “full-employment”– a policy the results of
which Douglas
called “the tragedy of human effort.”
Wallace M.
Klinck
Sherwood
Park, Alberta
Edmonton
Senior
#200, 10621 -
100 Ave.
Edmonton, AB
T5J 0B3
(780)
425-1185
(780)
429-1610
Fax (780)
421-7677
www.seniorsGOtravel.com
www.SeniorsDaily.net
E-mail: abrnews@shaw.ca
Published
by:
Alberta
Business
Research
Ltd.
Publisher:
Lorne
Silverstein
Editor:
Colin
Smith
Assistant
Editor:
Jeannie
Chua
Production:
Mike
Garvie
Accounting/
Records:
Sue
Dowling
Office:
Melody
Archer
Website
Co-ordinator:
Tracy
Barrett
Advertising
Consultants:
Greg Braun,
Harvey Hughes, Ron Krausert,
Reesa
MacGregor, Rita Silverstein
Golf
Promotions:
Reesa
MacGregor
Circulation
Co-ordinator:
Francois
Laplante
Project
contributors include:
Lou Broten,
Denise Daubert, Denzel Fenn,
Albert
Fernando, Tom Hind, Max Solbrekken,
Bob Parsons,
Andy Phillpotts, Don Robertson
Desktop
Publishing:
PageMaster
Publication Services Inc.
425-9303
(production only) www.pagemaster.ca
Re: Letter publish
Reply to this message
