“Financial greed is a ruthless taskmaster; it exacts unconditional surrender of every Christian virtue."
"So far as anything is certain in this world, Banking dominance of credit, commerce and industry, is certainly doomed together with poverty amidst plenty."
— C. H. DOUGLAS
"You can disagree with the ideas and principles of Douglas social credit, but you cannot dispute the effectiveness of the mechanism for producing the results claimed, i. e. the abolition of poverty and the economic freedom of the individual."
"The modern State is an unlimited liability corporation, of which the citizens are workers and guarantors, and the financial system the beneficiary. To see that this is a plain statement of fact, it is, I think, only necessary to understand the nature and the origin of money,"
DOUGLAS, The Monopoly of Credit, p. 17
"The industrial machine is a lever, continuously being lenghtened by progress, which enables the burden of Atlas to be lifted with ecer-increasing ease. As the number of men required to work the lever decreases, so the number of men set free to lenghten it increases." C. H. Douglas
"All that is necessary for the triumph of evil, is that good men do nothing."
- Edmund Burke
"The lack of independence is the ruin of everything, everything depends upon money."
"Indeed such breakdowns, when not deliberately contrived, occur frequently under the titles of slumps, depressions, recessions due to a disequilibrium in the system as at present constituted; it is, one might say, as though a railway company allowed its rolling stock to run with faulty brakes, and so with consequent and continuous disasters."
"Levelling is not God's work and every proper man must have moments in which he is tempted to weep over that work of desolation."
Now, when our land to ruin's brink is verging,
In God's name, let us speak while there is time! Now, when the padlocks for our lips are forging, Silence is crime.
"Point 8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture."
– The Communist Manifesto.
Hungarian Communists have launched an anti-Baptism drive to stamp out Catholicism. Expectant mothers are "persuaded" to sign a pledge promising that the new baby will not be baptized. If they sign, they are rewarded with a gift from the regime, containing a complete layette for the baby and a baby carriage. The names of the mothers are announced over local loudspeakers. Those who refuse to sign are considered "enemies of the people's government and of social progress." Furthermore, their husbands can easily be discharged from their position and even forced into labor camps.
Novena Notes, Oct. 21, 1955
"It is not democracy of any conceivable kind to hold an election at regular or irregular intervals for the purpose of deciding by ballot whether you will be shot or boiled in oil."
C. H. DOUGLAS
In other words, without a choice of POLICY, elections become a fraud.
"In days to come, when people read of these times, they will be struck with wonder as to why millions of workers and taxpayers in all classes, allowed themselves to be fleeced so openly and repeatedly by bankers who, while they produced nothing at all, had the effrontery to impose a seven-per-cent rake-off for the benefit of themselves at the expense of millions of victims, who apparently accept it without question. This is the most amazing phenomenon of our times." — George Hickling. Union of Electors may 1958
"To those who say, when a national dividend is suggested, that one cannot get something for nothing, let them be reminded that some of our greatest possessions have been paid by others and bequeathed to us, for nothing, such as works of the great writers, musicians and artists. And how about the chartered banks which can take a $5 bill and build $100 of credit and buy $100 bond of Canada, thereby putting the people under bondage for an indefinite period? Why are those who ridicule something for nothing so silent about the banks?"
W. B. Smith,.. Oakland, Ont.
"If the facts of the case require that an individual must work before it is possible for him to obtain those things of which he has the need or desire, then he shall in no case be prevented from working by artificial restrictions. But if, without injury to others, he can be provided with these things without working, the fact that he has not worked for them shall be recognized as a matter of no consequence whatever."
C. H. Douglas
"All taxation is a transfer of the credit of individuals to the State and those who stand be hind and manipulate the State. Taxation is Social Credit in reverse."
— Douglas (T.S.C., June 28, 1941.)..
"Society is very much like an aeroplane. Far better results are obtained by reducing the frictions (head resistance) than by increasing the thrust."
— Douglas (T.S.C., April 26, 1941).
If civilization is not to disappear altogether, there will, within a comparatively short period of time, arise a situation in which bankers, as at present understood, will be replaced... When this situation does arise, it will be just as easy to inaugurate a financial system which will meet all the necessities of modern civilization...
(Douglas -- "The Monopoly of Credit')
The amount of money in existence varies only with the action of the banks in increasing or diminishing deposits. We know how this is effected. Every bank loan and every purchase of securities creates a deposit, and every repayment of a loan and every bank sale destroys one. - Reginald McKenna, formely chairman of the Midland Bank, Eng.
It is a fact that never during the past few decades have we been free from an unemployment problem, and it is also a fact that never during the past fifty years has any industrial country been able to buy its own production with the wages, salaries and dividends available for that purpose, and in consequence, all industrial countries have been forced to find export markets for their goods.
from "Social Credit"; by Major Douglas
Perhaps the most effective way to enable individuals to benefit from automation would be to maintain working hours at approximately the present level, but to reduce the retiring age drastically — to, say, 50 years for a start. At this age the average person has at least twenty five years of active life in which to devote all his time to those social and cultural pursuits which interest him.
From "THE NEW TIMES". January 31 1959
... one of the foundation of Western culture is leisure.
The concentration of research and develop, ment on space flight may lead to a reduction of the effort which can be spared for new weapons. Until now space travel and weapons engineering have advanced together but the point at which one can only be carried at the expense of the other, may already have been reached. (If that is so, there may be some incidental gain from encouraging space ventures by the two Great Powers.) Another possibility is that a nation like the United States may find it easier to spend some of its wealth on space than to indulge in social experiments such as for example the four or even three-day week..: Whether rockets are preferable to leisure is a matter of taste.
(The Guardian, as quoted by The Social Crediter)
The tests of economic democracy are arising standard of living for all, and expanding opportunity for productive activity either in employment or in leisure.
(Statement of Evidence by the Social Credit Political League, November, 1957).
Have we come to a time when the President of the United States must doff his cap in the presence of this high finance and say: "You are our inevitable master, but we will see how we can make the best of it"?
The New Freedom by President Wilson
Social Credit Proposals
1. That a national balance sheet should be published showing the assets of the nation.
2. That any difference between the financial cost of annual production and annual consumption be credited to the people.
3. That new credits be used to the amount of this difference.
4. That this issue of credits be used in two ways: part for the reduction of prices to what Major Douglas calls the Just Price, and part for the payment of dividends to all individuals.
5. As automatic processes increase the National Dividend should become an increasing part of the purchasing power of the nation.
James Guthrie in The New Times
As Social Crediters we are seeking to bring to birth a new civilization -o civilization growing out of a philosophy and a policy diametrically opposed to the philosophy and the policy that are bringing the world to disaster.
(From "Stock - taking" by L. D. iByrne) "
OF GOVERNMENT, THE LESS THE BETTER
"As restrictions and prohibitions are multiplied in the Empire, the people grow poorer and poorer. When the people are subjected to overmuch government, the land is thrown into confusion. The greater the number of laws, and enactments, the more thieves and robbers there will be. Therefore the Sage says: So long as I do nothing, the people will work out their own reformation. So long as I love calm, the people will right themselves. if I only keep from meddling, the people will grow rich. If only I am free from desire, the people will come naturally back to simplicity!" - Lao Tsu
Efficiency of Unforced Labor
Most people prefer to be employed — but on the things they like rather than on the things they don't like to be employed on. The proposals of Social Credit are in no sense intended to produce a nation of idlers — and would not. There never was a mor ridiculous piece of misrepresentation than to say that as a class the rich are idle. Social Credit would not produce idlers; it would allow people to allocate themselves to those jobs to which they are suited. A job you do well is a job you like, and a job you like is a job you do well. Under Social Credit you would begin to tap the amazing efficiency inseparable from unforced labor and the efficiency of the whole industrial system would go up.
C. H. DOUGLAS,. The Approach To Reality
The riches of this world are fabulous. And yet one half of the human race still knows the pangs of hunger and the uncertainty of the future,.:
Paul-Emile Cardinal LEGER.
"The so called laws of economics, derived from the nature of earthly goods and from the qualities of the human body and soul, determine what aims are unattainable or attainable in economic matters and what means are thereby necessary, while reason itself clearly deduces from the nature of things and from the individual and social character of man, what is the end and object of the whole economic order assigned by God the Creator.
"For it is the moral law alone which commands us to seek in all our conduct our supreme and final end, and to strive directly in our specific actions those ends which nature, or rather, the Author of Nature, has established for them, duly subordinating the particular to the general. If this law be faithfully obeyed, the result will be that particular economic aims, whether of society as a body or of individuals, will be intimately linked with the universal teological order, and as a consequence we shall be led by progressive stages to the final end of all, God Himself, our highest and lasting good." (Pius XI - Quadragesimo Anno)
But between Christianity and the new economics (Social Credit - Ed.) there is no antagonism. When Our Lord fed the five thousands in the Wilderness, he did not ask if they had done a good day's work first; indeed, the presence of this crowd so far from their homes must have told Him that many jobs were being neglected! Nor in His Prayer did He teach us to say "Give us this day our daily work." The principle of the Compensated Price and of National Dividends stands four-square with the teachings of both Religion and Science
(Wealth, Want And War by C. Marshall. Hattersley, p. 255)
"Generally, the moral substance of liberty is this: that man is not meant merely to receive good laws, good food or good conditions, like a tree in a garden, but is meant to take a certain princely pleasure in selecting and shaping, like the gardener. Perhaps that is the meaning of the trade of Adam. And the best popular words for rendering the real idea of liberty are those which speak of man as a creator. We use the word 'make' about most of the things in which freedom is essential, as a country walk or a friendship or a love affair. When a man makes his way through a wood, he has really created; he has built a road, like the Romans. When a man makes a friend, he makes a man. And in the third case we talk of a man making love as if he were, as indeed he is creating new masses and colours of that flaming material — an awful form of manufacture.
"In its primary spiritual sense, liberty is the good in man, or, if you like the word, the artist. In its secondary political sense, liberty is the living influence of the citizen on the State in the direction of moulding or deflecting it. Men are the only creatures that evidently possess it. On the one hand, the eagle has no liberty; he has only loneliness. On the other hand, ants, bees and beavers exhibit the highest miracle of the State influencing the citizen; but no perceptible trace of the citizen influencing the State."
G. K. CHESTERTON (As quoted in The Social Crediter 24-1-59)
The propagation of Social Credit
So it is that study and widespread propagation of the habit of study has become so necessary in order to realize Social Credit.
This propagation of study among the mass of the people requires the devoted efforts of numerous apostles who are not afraid of ridicule and sacrifice. Here again we have the re-establishment of order. The present lack of order springs from egoism and pride, from the stifling of the social spirit, from the spirit of the pharisees which reigns among the intellectual classes, from the listless apathy of the masses which is the very kiss of death. All these disorders must be corrected.
"The surest and only way of advancing the cause of Social Credit is that method which begets study and devotion. Such is the method adopted by the Institute of Political Action." A Primer of Social Credit by Louis" Even. p. 46.
"There is now a distinct possibility that we may be faced with a large measure of permanent unemployment. We know that our population is growing and that our work force is expanding at the rate of about 200,000 or more new jobs every year. The theory behind this legislation is that a man's labour is a marketable commodity. To take care of our increasing labour force we must depend upon the expansion of capital investment, but at the present time a considerable portion of our capital investment is devoted not to creating jobs but to destroying jobs. I think that the time has come when the Minister of Finance (Mr. Fleming) must try to secure some sort of breakdown of public and private investment to determine what proportion will be devoted to automation which will have the effect of destroying jobs. Certainly all indications now point to the fact that our labour force is going to expand at a rather more rapid rate than new jobs are going to be created, and this will tend to increase unemployment and to make a larger proportion of our labour force permanently unemployed.
"I believe this will necessitate rethinking on the concept of labour because a man's life and the life of his family depend upon employment, upon his ability to market his labour commodity. I think we must ask ourselves what is going to happen when there is no market for a man's labour. This situation may not be as far in the future as many of us believe. Certainly, it is something to which we should be giving some thought at the present time, because if we are going to meet that situation it is going to involve a great deal of change in our monetary policy!
The above was spoken by Mr. C. W. Carter, member from Burin-Burgeo; in the House of Commons on May 12 during a debate on the unemployment insurance act. It's heartening to see that one member at least is ready to face and prepared to draw the attention of others to a situation which Social Credit has been pointing up for years. Note the italicised lines (they are ours), scientific progress in production, the leisure state, the dividend.
"A general planning a campaign, has to reckon up the numbers in his armies. He has to accept the myth of the common man. "A myth can be very useful, so long as we know it for a myth; but when we begin to mistake it for a reality, it becomes dangerous.
To treat people as if they were all alike is the way of the dictator in a totalitarian country, and the way of a bureaucrat in a country which may delude itself into thinking it is a democracy.
The fundamental fact about human nature is not to be found in our likeness but in our differences. After you have finished talking about the brotherhood of man, open your eyes and look at your brothers, and recognize that you belong to a family of which no two members are alike. Look at yourself and recognize that the essence of you, what makes your personality, is not what you have in common with other men, but what is peculiar to yourself.
"In other words, you are an uncommon man.
"Democracy does not mean the rule of the common man, there is no such person. Democracy is the form of government that gives the utmost possible freedom to the uncommon man."
C. H. DOUGLAS
Figured for Milwaukee, Wisconsin, $78,000.00 would cover the annual costs of fluorides for Milwaukee water. One percent of this water would be used for drinking. $77,220.00 worth of fluoridated water would be used for other purposes. Of the water drunk, only 3/10 of 1 percent is drunk by children, so $234 worth of fluoridated water would actually be used for the purposes of reducing tooth decay, if it really accomplishes this purpose. The rest of the $78,000.00 is wasted.
Prevention magazine, July 1959.
"We must break the Money Trust or the Money Trust will break us."
LOUIS D. BRANDEIS
Even governments are made to toe the financial line. The servant has become the master.
Hewlett-JOHNSON, Dean of Canterbury.
Power to make decisions is freedom for the individual.
C. H. Douglas
The despotic power of finance It is patent that in our days not wealth alone is accumulated, but immense power and despotic domination are concentrated in the hands of a few, who; for the most part, are not the owners. but only, the trustees and directors of invested funds which they administer at their own good pleasure. This domination is most powerfully exercised by those who, because they hold and control money, also govern credit and determine its allotment, for that reason supplying the lifeblood to the entire economic body and grasping - in their hands, as it were, the very soul of production, so that no one dare breath against their will.
Pope Pius XI
SIMPLE CHOICE:: The pyramidal structure of society gives environment the maximum control over individuality. The correct objective of any change is to give individuality, the maximum control over environment. -- C. H. Douglas.
Industry is losing its position as the pivot of our social organization, and that position is being taken by finance.
F. C. Cleggi Pres. Bank Officers' Guild
The biggest problem in today's society is for the ordinary mag to keep his earning capacity up to the tax collector's yearning capacity.
Social Credit is not a scheme for curing all the ills of mankind; it is a policy designed to make real the philosophy of freedom; to bring individuals into correct relations with themselves and with their institutions; to make it possible for individuals, through increasing freedom, to know God, love Him and serve Him. Social Credit is designed to free the individual from artificial and unnecessary restrictions. It is the only policy being put forward in the world today which seeks to extend the free time of the individual by insisting that the true purpose of production is not full employment, but desired goods and services in the shortest possible time.
The New Times, December 18th, 1959.
Our senators sat down to prate
On Price Investigation...
They put their sum of years and weight
To ponderous meditation
Upon twin evils of the State,
Inflation and Deflation.
Their chairman, Senator J. B. Sly
Remarked some indications
That dollars do no longer buy
A dollar's worth of rations...
His cozy confreres murmured: Why?
Above their cogitations.
Said J. B.:-"Boys, we all belong
To this here Joint Committee
Whose findings may indeed be wrong
But might at least be witty...
Our problem lends itself to song
As simple as this ditty
"Inflation and Deflation are
Twin evils of our nation
Whose blighting machinations mar
Our fruits of speculation...
We therefore recommend a bar
This explanation all awoke
to vocal admiration:
"Your thesis — ah — your master-stroke
Deserves our commendation"...
They gave J. B. a friendly poke
And moved for prorogation.
J. Fred. Coyne '59
The essential and distinctive feature of a bank and a banker is to create and issue credit payable on demand, and this credit is intended to be put into circulation and serve all the purposes of money. A bank, therefore, is not an office for the borrowing and lending of money; it is a manufactory of credit.
H. D. McLeod in The Theory and Practice of Banking
"... the Christian has allowed himself to be ruled and governed by a "law" of unrepayable debt, diametrically opposed to the one of the Redemption that he confesses and is committed to on the spiritual plane."
B. C. Best
William Patterson, founder of the Bank of England (1694):
"The Bank hath benefits of interests on all moneys which it creates out of nothing."
R. G. Hawtrey, Assistant Secretary of the Treasury of Great Britain, in a broadcast, March: 22, 1932:
"I agree with Douglas that Banks create money, and that trade depression arises from faults in the Banking System in the discharge of that vital function."
Reginald McKenna, Chairman of the Midland Banks:
"I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money. The amount of money in existence varies only with the action of the banks in increasing and decreasing deposits and bank purchases. Every loan, overdraft, or bank purchase creates a deposit; and every repayment of a loan, overdraft, or bank sale destroys a deposit."
The Report of the MacMillan Committee (England), 1929, page, 34, para. 74:
"...But the bulk of the deposits arise out of the action of the banks themselves, for by granting loans, allowing money to be drawn on an overdraft, or purchasing securities, a bank creates a credit in its books which is equivalent to a deposit."
There are enough substantial quotations in existence to prove to the unitiated that Banks do create credit without restraint and that they create the means of repayment within themselves.
Branch Banking, July 1938
Paid Leisure for all
With the scientific advances which have been made in recent years, Social Crediters are well aware that there should be no reason why every individual should not have paid leisure to enjoy the fruits of scientific achievement. As long, however, as perverted ideas exist which subscribe to the doctrine of work for work's sake making it inevitable that we produce goods, not for the benefit of the individual, but to export to other countries (or planets) we fear that we are approaching a state of industrialised slavery.
"A nation that will not be ruled by the 10 commandments shall be ruled by tyrants."
U.S. president, James Madison