8 / 32
8
Free issue of MICHAEL
www.michaeljournal.org14. The wolf devours the lambs
“And that’s a healthy mone-
tary system, Mr. Oliver? ”
“Gentlemen, all sound money
is based on gold and it comes
from the banks in the form of
debts. The national debt is a good
thing. It keeps men from becom-
ing too satisfied. It subjugates
governments to the supreme and
ultimate wisdom, that which is in-
carnate in bankers. As a banker, I
am the torch of civilization here
on your little island. I will dictate
your politics and regulate your
standard of living.”
“Mr. Oliver, we’re simply
uneducated folks but we don’t
want that kind of civilization here.
We’ll not borrow another cent
off of you. Sound money or not,
we don’t want any further trans-
actions with you.”
“Gentlemen, I deeply regret
this very ill-advised decision of
yours. But if you break with me,
remember, I have your signa-
tures. Repay me everything at
once – capital and interest.”
“But that’s impossible, sir.
Even if we give you all the money
on the island, we still won’t be
square with you.”
“I can’t help that. Did you or
did you not sign? Yes? Very well.
“By virtue of the sanctity of
contracts, I hereby seize your
mortgaged property which was
what you agreed to at the time you
were so happy to have my help. If
you don’t want to serve willingly
the supreme authority of money,
then you’ll obey by force. You’ll
continue to exploit the island but
in my interests and under my con-
ditions. Now, get out! You’ll get
your orders from me tomorrow.”
15. Control of the press
Oliver knew that whoever con-
trolled the nation’s money, con-
trolled the nation. But he knew
also that to maintain that control, it
was necessary to keep the people
in a state of ignorance and to dis-
tract them by a variety of means.
Oliver had observed that of
the five islanders, two were con-
servatives and three were liberals.
That much had evolved from their
evening conversations, especially
after they had fallen into slavery.
And between the conservatives
and those who were liberals,
there was a constant friction.
On occasions, Harry, the most
neutral of the five, considering
that all had the same needs and
aspirations, had suggested the
union of the people to put pres-
sure on the authorities. Such a
union, Oliver could not tolerate; it
would mean the end of his rule.
No dictator, financial or other-
wise, could stand before a people
united and educated.
Consequently, Oliver set him-
self to foment, as much as pos-
sible, political strife between them.
The refugee put his press
to work, turning out two weekly
newspapers, “The Sun” for the
Liberals and “The Star” for the
Conservatives.
The general tenor of “The
Sun” was: “If you are no longer
master, it is because of those trai-
torous Conservatives who have
sold out to big business.”
That of “The Star” stated: “The
ruinous state of business and the
national debt can be traced dir-
ectly to the political responsibility
of those unmentionable Liberals.”
16. Precious salvage
One day, Tom, the prospector,
found a lifeboat on a small beach,
hidden by tall grass at one end of
the island. It was empty except
for a trunk in good condition lying
in the bottom of it.
He opened the trunk. Among
the articles within, an album
caught his eye: “The First Year of
Social Credit.” Between the cov-
ers he found a Social Credit pub-
lication.
Curious, Tom sat down and
began to read the volume. His in-
terest grew and his face lit up.
“Well, just look at this ! ” he
cried out loud. “This is something
we should have known a long
time ago.”
“Money gets its value, not
from gold but from the products
which that money buys.
“Simply put, money should be
a sort of accounting system, with
credits passing from one account
to another according to purchases
and sales. The total of money will
depend upon the total of produc-
tion.
“Each time production in-
creases, there is a corresponding
increase in the amount of money.
Never at any time should interest
be paid on new money. Progress
is marked, not by an increase in
the public debt but by the issu-
ance of an equal dividend to each
individual... Prices are adjusted
to the general purchasing power
by a coefficient of prices and in-
comes. Social Credit...”
But Tom could no longer con-
tain himself. He got up and set off
at a run, the book in his hands, to
share this glorious discovery with
his four comrades.
17. Money – basic accounting
S
o Tom became the teacher.
He taught the others what he had
learned from that Heaven-sent
Social Credit publication.
“This,” he said, “is what we
can do without waiting for a bank-
u
Circulate this document