Mr. Erhard Fliesberg, founder of Namipartiet, the Swedish National Economy Movement, sends us a graphic description of the state of affairs pertaining in his country and now common throughout the West:
"At the present moment the press, films, radio and literature are mobilised to whitewash the Money Industry and to pretend that they are mankind's most benevolent benefactors...
"The system is naively simple. It is based on the granting of credit through loans... Let us mention the results of many years of investigations concerning these matters in respect of Sweden. We have found that the mightiest money industries, banks and insurance companies command over one quarter of Sweden's current means as cash money. On that their yearly gain is about 80%, i.e. about 20% on Sweden's total currency.
"In fact, they now won and rule over at least three quarters of our total industrial life, while the remainder is more or less in debt to them and has to obey their orders. It also means that every money income has an interest-burden of at least 40%. No wonder that, through gigantic advertising campaigns and with the help of self-seeking hirelings, they are telling people the blessings of saving money in the money industries (trusts, etc.)... In every conceivable form people are invited to buy whatever they like, but will eventually have no real use for, by the aid of overdrafts, credit sales, HP instalments, and booking accounts.
"The undersigned has never in his life seen such colossal efforts made in this way to force every citizen to become a slave under the whip of money. At the same time every proposal of wasting the country's real wealth has been made and adopted. "Throw away" is the signal. (Over here it is moon-rockets Ed.).
"Thus our situation is more than critical, and can be observed by increasing government loans, growing inflation, avalanchelike augmenting bankruptcies, rising prices and increasing hardship in meeting daily expenses.
All round the world the "financial situation" is a replica of what is said about Sweden and all because mankind is protecting money - in itself worthless - as the only capital. We champions of a sound and honest system must mobilise all our means finally to destroy these economic theses and dogmas which are making fools of us all... Money cannot create a real economy; a country's real welfare can only be created through the most effective use of its real wealth, to which money is secondary. Time is utterly urgent. Onwards and onwards again must be our signal.
Quoted from "Intelligence", May, 1959
The Social Credit proposals certainly visualize a deliberate expansion of the money supplies. But instead of expanding or contracting the currency and then attempting to prevent prices from rising or falling... they begin with the compensated price. The monetary expansion that would take place under Credit Social would be used as a means of lowering prices to consumers and increasing their effective demand for the products of industry... the aim of Social Credit is not to regulate prices primarily to prevent inflation, but with the intent of equating our possible consumption to our capacity to supply goods, when, where and as required.
Wealth Want and War
by C:. Marshall Hatterley, pp. 226-227
Subscribe