Canada is rich in real wealth
by Gilberte Côté-Mercier
I will ask you this question: Is Canada
rich? I don't mean the budget of the Federal Government. I am not even
talking about money. I am talking about the real wealth that we need to
live: food, clothes, shelter, heating, medical care, etc.
Don't we have all of that in Canada? Cannot
Canada produce all of this type of wealth? Yes, Canada is a rich
country; very rich indeed. It is actually one of the richest countries
in the world. There is plenty of almost everything in Canada.
So we, Canadians, live in a rich, very rich
country. It is we, Canadians, who are the owners of this very rich
country. It is our country, since we are Canadians. Canada is our
country. It is ours, and it is rich!
However, if we look at each one of us in
particular, we realize that we are poor. There are even Canadians who
are very poor, who live below the poverty line. To lack the necessities
of life is to be poor. All the unemployed people lack the necessities of
life. All the lower-income classes lack the necessities of life.
In a rich country like Canada, there are
many, many Canadians who are very poor.
The Canadians are so poor that there are
more tenants than owners, more hired people than entrepreneurs, more
slums than family homes. And the few owners and entrepreneurs who are
left are debt ridden.
Yet, Canadians are the owners of Canada.
Canada is rich, but the Canadians are poor. Why?
I will tell you why. Listen to this:
You, Canadians, are the ones who develop
Canada. You, all of you, the heirs and workers of Canada.
As you develop the country, the Financiers
get it into debt. How?
Well, as you work, the Bankers inscribe the
wealth you produce in their ledgers. They inscribe this wealth as their
own assets, and as your liabilities, even if you are the real owners of
All that is produced in Canada is inscribed
in the banks' ledgers as liabilities for the Canadians, and as assets
for the Bankers.
You produce wealth, and thus you make
Canada, your country, richer. This new wealth should be listed in the
banks' ledgers as your assets, since you are the ones who made it.
However, it is the exact opposite that is taking place. The assets of
our country have been listed by the banks in the liabilities column of
the national accounts, but at the same time, the banks have also written
down the assets of our country in the column of the assets of the banks.
The banks have simply stolen all the assets of our country and inscribed
them as their own assets, and as liabilities for our country. They have
purposely used the wrong column for their own profit and to the
detriment of our country. This is the greatest of all possible tricks
The Banker lends money to you or to your
boss to make products. When he lends money, the Banker says: “I create
money. I am the owner of the money I create. I lend you this money so
that you will produce real wealth. I get you into debt. This money I
lend is my assets and your liabilities. This money is my credit and your
debit. To be able to pay me back your loan with the interest, you will
have to give me your products. This way, the real wealth you produce
becomes mine. Do you realize how I become the owner of all the wealth of
the nation, because I create money?”
This is simple, but false, bookkeeping.
This is a robbery, a swindle. This is dishonest.
Your work, your wealth, should be inscribed
by the financial system as your own credit, your own assets. Then
Canadians would be rich. But today's Bankers inscribe the wealth of the
Canadians as their own assets, and get the Canadians into debt. This is
why Canada is rich, and the Canadians are poor.
The Bankers begin by stealing our credit,
and this way, they can steal our goods. This is a rip-off!
Moreover, the Bankers get dividends on this
credit stolen from the Canadians.
The Social Crediters want to change this
state of affairs, this way of counting wealth.
With Social Credit, dividends on real
wealth will go to the citizens instead of to the Bankers.
Is Canada getting richer or poorer? It
becomes richer in real wealth. This should translate into dividends to
the shareholders of the nation, namely, all the Canadian citizens.
This is the foundation for the Social
This is a social dividend, given to every
citizen, every member of society. Industrial dividends will continue to
be given to industrialists, but the Social Credit dividend will be given
to all, on top of industrial dividends.
Who will pay for this social dividend?
This social dividend will be financed by
society. It will be issued by the Social Credit Office, just like the
banking dividends are issued by the banks.
Where will we get the money to finance this
A dividend is money. Money is a matter of
figures, numbers to count and buy real wealth. If there exists some real
wealth, there must exist monetary figures to represent it.
If real wealth has increased in the
country, there must be a corresponding increase in money, which is a
So where will they get the dividend? It is
a figure that will represent the increase in wealth, in comparison with
the previous year.
Let us suppose the real wealth of Canada
has increased by one billion dollars. So we need an extra billion
dollars in money to represent this new wealth. Where will we get this
billion dollars? The Social Credit Office will create it.
How will this dividend be distributed to
everyone? You Sir, Madam, and each member of your family, will have your
own account at the Social Credit Office. For example, the first day of
each month, you will receive a $800 dividend, based on the increase in
production in our country. This money will be inscribed in your account,
just like interest is inscribed in your bank account.
This is very simple. And what will happen
next? Well, you will buy, if you will, the products that are offered for
sale in stores.
Some will say that if such a dividend is
given, the nation will go bankrupt!
Don't worry. This dividend is issued
because there is new production to match it in Canada. So if everybody
gets a $800 dividend every month, producers will be able to meet the
demand for goods. Who could then go bankrupt? You buy, retailers sell,
producers sell, people work. There is no sign of bankruptcy there.
And what about taxes? Taxes have nothing to
do with the dividend. A dividend is new money to buy an increase in
products. Taxes are the opposite of a dividend, since they reduce our
purchasing power. We need more money to match the new production, not
less money in our wallets.
Is Canada getting richer? Yes, so Canada
yields dividends in products. Social Credit will issue dividends in
dollars to represent these dividends in products.
“Where will they get the money” is a
question that does not need to be asked when one knows that money is
nothing but figures to represent real wealth.
Social Credit is simple and fantastic at
the same time, as fantastic as today's progress. We need the Social
Credit proposals implemented immediately, because Social Credit will
solve all of our financial problems, just as the automobile, radio, and
airplanes solved our problems of transportation.
How can we obtain the implementation of
First, be convinced yourself that it is
needed. Then, ask for its implementation. Ask our governments with all
kinds of petitions, letters, phone calls, delegations, visits, etc.
Does the “Michael” Movement organizes
all of these petitions?
The “Michael” Movement does not work
like other movements. It presents petitions on behalf of all the
population, but it requires the participation of each of its members.
It is the apostles of “Michael” who,
with their pressures and work of education in the population, got the
Canadian Government to give, in 1952, the old-age pension given to all,
without means test nor inquiries. The Social Crediters were the only
ones to call for this with no strings attached.
We must repeat our demands until they are
The “Michael” Journal explains the
Social Credit system, and gives the methods to achieve it. Read the
“Michael” Journal, which is the most interesting and useful
publication of all. To read it, you must of course be subscribed. If you
are not already subscribed, hasten to do so.
It costs only $20.00 for four years. It amounts to only five dollars a
year to be freed from High Finance. And get all your friends and
acquaintances to also subscribe to this fantastic journal. All become
apostles of “Michael” by soliciting subscriptions.
Our motto is to find new subscribers, to
get every household to receive the “Michael” Journal. Help us to
make the people Social Crediters by having them receive the
This article was published in the January-February, 2002 issue of “Michael”.