History reveals that man was forbidden to practice usury. At one time the death penalty was provided for this offence. Would it not seem that much of the world's present turbulence and poverty amidst plenty is due to the disregard of this interdiction?
Usury and interest are synonymous and there is a difference between legitimate profits and usury, which is profit acquired solely by manipulation of money unaccompanied by productive effort.
Our Constitution (the British North America Act) gives to parliament exclusive legislative authority over banks, banking, interest, currency, etc. Why, then, should our governments (federal, provincial and municipal) have to borrow at interest to finance governmental works or public enterprises? It is suggested that the financing of such projects be done through the Bank of Canada by the issuance of new credit without this giving the chartered banks a basis for further expansion of credit to cause inflation. It would be necessary to withdraw the new credit through taxation or other means only when there is danger of having too much money in circulation. Examples of how interest increases debt have been cited as follows:
— Boulder Dam cost $160,000,000, while interest alone has amounted to $182,000,000. Manitoba's legislative buildings cost $9,379,000 and interest alone has amounted $13,848,153 and is still accumulating.
— over one billion dollars in interest paid in 27 years on borrowed money which built and purchased the Canadian National Railways system.
— the announcement made that taxes might have been cut but on the interest of $400,000,000 on Canada's national debt.
W. B. SMITH
In this special issue of the journal, MICHAEL, the reader will discover who are the true rulers of the world. We discuss that the current monetary system is a mechanism to control populations. The reader will come to understand that "crises" are created and that when governments attempt to get out of the grip of financial tyranny wars are waged.
An Efficient Financial System, written by Louis Even, is for the reader who has some understanding of the Douglas Social Credit monetary reform principles. Technical aspects and applications are discussed in short chapters dedicated to the three propositions, how equilibrium between prices and purchasing power can be achieved, the financing of private and public production, how a Social Dividend would be financed, and, finally, what would become of taxes under a Douglas Social Credit economy. Study this publication to better grasp the practical application of Douglas' work. 
Reflections of African bishops and priests after our weeks of study in Rougemont, Canada, on Economic Democracy, 2008-2018
The Social Dividend is one of three principles that comprise the Social Credit monetary reform which is the topic of this booklet. The Social Dividend is an income granted to each citizen from cradle to grave, with- out condition, regardless of employment status.
Economic Democracy is a book to explain Social Credit in lessons presented in logical order so it may be easier to the reader to grab the main principles of Social Credit rapidly and somehow easily.
In This Age of Plenty deals with Social Credit, but it does not exhaust the topic. Social Credit principles address social and political matters, as well as, or even more so, than economics and will put civilization on a new course.
From Debt to Prosperity outlines briefly the economic analysis and constructive proposals known as Social Credit.
Rougemont Quebec Monthly Meetings
Every 4th Sunday of every month, a monthly meeting is held in Rougemont.
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