The world is still in recession mode. Many countries around the world have managed to negate their debt defaults by quantitative easing (QE). These countries include America, Britain and Japan. Austerity measures are in full swing in most countries. Europe still struggling. China now slowing down economically. Countries dependant on China’s manufacturing needs of minerals, such as coal and iron ore, are also declining. Australia is one such country and now must face the harsh reality of the world economic woes brought on by debt.
The world is slowly suffocating with debt. People around the world are still dying from this debt induced poverty and it is not getting better. The quality of life for many people is getting worse especially for the elderly, sick and the unemployed/under employed. The bills are mounting and they have no ability to pay them. They will have to go with out or cut back drastically, heating and food are amongst these things. Mortgage payments, rent and other loans are not kept up to date. Cars and other purchasers are repossessed and homes are lost to the banks. It is a growing problem that will not go away. This is the bitter reality of financing our money supply from the present banking institutions.
There is a better way. It is called Social Credit. The people of the world need to know this. This massive debt can be removed and it should be. The world can be a better place, it just needs education. Please spread this vital information.
The stimulus packages around the world are starting to run out. The IMF is now putting pressure on the worlds economies to reduce their debts and deficits. The only way they can attempt to do this is by taxing their people more or by spending less on government services. This of course will reduce the money supply and undermine any good the stimulus packages did in the first place.
In Europe, countries worst affected by the global recession are starting to go bankrupt. One by one they are starting to fall. Financial aid from the European Union and even the Monetary Fund is holding these countries from bankruptcy. Europe as a whole is now weakened even more by these individual nations. The dominoes are starting to tumble. America on the other hand is continuing to borrow more money to buy it's way out of the recession. They have no hope in paying this money back. It's only a matter of time before the obvious will happen, you can't keep borrowing money for ever.
The rest of the world is not much better. We are at the mercy of the banks. The world will continue to go bankrupt if the international bank's let it happen. One world currency is not far away. The world badly needs Social Credit, It is our only hope.
What has changed since the last post?
Governments around the world have set up economic stimulus packages to help keep their economies going. While it is true that it has prevented the world economy from going into a depression it must be considered a temporary solution only. Why! These stimulus packages have come at a great cost.
This money has been borrowed and must be repaid back. The citizens of each country will have to face higher taxes to maintain the extra costs from these new stimulus loans. When this happens the money supply will reduce significtly (The money supply increased by these stimulus packages will run out unless further stimulus packages are received. Obviously we cannot keep going down this track.
|WHAT CAN BE DONE|
We have two choices.
1/ We can lie down and do nothing. Stick our heads in the sand and ignore this great evil.
(Bare in mind that evil triumphs when good men do nothing)
2/ We can do something about it.
Would you leave a man die on the side of the road when you could do something to help him? Of course not. But this is the very thing we are doing if we ignore this evil. At least 24,000 children are going to die every day globally from poverty and debt.
The world is bleeding in debt. The banks have indebted the world to such a degree that they now Control the so called democratic system of government in every country of the world. Our representatives in parliament no longer follow the wishes of the people they are supposed to represent; they are controlled by the party system of government. The parties in power of government are controlled by finance. And finance is controlled by the banks.
Can we really take on the banks? Yes!
There are a number of ways.
1/ The Banks must be exposed for what they are, a charade and a parasite to humanity. They can be exposed with your help by passing information like this to other people in print form, by word and mouth, through the internet and even through the media in some newspapers
2/The use of People power. (CIR) see link Freedom, Liberty and Justice
If we had Citizens Initiated Referenda (CIR) in Australia, we could vote against the private banks and install our own People’s Bank. Unfortunately this system that allows the people to initiate referendums and legally enforce the government to follow the wishes of the people is still not in place so we must use other methods. However this process is available in other parts of the world like Switzerland.
3/ We can revert back to bartering and the use of IOU NOTES. This will become more obvious to people in countries that are affected by debt the most.
4/ Use of IOU NOTES by people power. Communities, groups, organisations, towns and suburbs and even cities could create a system that legalises IOU notes. An example of this is the LETS scheme already used in parts the world. As this system expands the IOU notes will become recognised as money itself. These notes are created free from debt. And it will spread like wild fire to all parts of the world when the people grasp its usefulness to jump start the economy and remove debt. This action itself will educate the people of this evil deception of debt the banks use today to enslave us. This fraudulent Banking system in time will no longer be able to exist as we know it today. People Banks all over the world will replace this dishonest system.
5/ Push for Monetary Reform using Social Credit as an example for change. We need to put pressure on our politicians to act in our interests, after all they are there to represent us the people not the party. We need action!
The Banking System will be recognised for what it is a con, a charade and a parasite to humanity. These crimes against humanity will be dealt with through our criminal court systems and these people responsible will be brought to justice. It is inevitable that this will eventuate.
Below is an example of social credit in action. It could easily be Ireland, Greece, Spain, Italy, United States and any number of countries now facing unsustainable debt that will default sooner or later.
The Guernsey Market House Scheme (A financial experiment)
Over 100 years ago, an economic experiment known as the Guernsey Market House Scheme was implemented on a small island called Guernsey. This island was in an economic financial mess. All trade of Guernsey was steadily going to a stand still with unemployment rife. To make things worse the sea defenses were breaking down. There were practically no roads and most public buildings were in great disrepair. Above all, a new market house was urgently needed, where the islanders could exchange their produce. It was impossible for the Government to finance these necessary improvements out of its revenue as this entire amount was required for ordinary expenses and the interest charges incurred on previous debt. The Government did indeed try to raise a loan, but because of the poor state of the island's assets, the banks demanded the prohibitive rate of 17 per cent per annum. As such necessary finance could not be obtained by further borrowing.
"Necessity is the mother of invention" and in this case the idea that was put forward that the State should issue its own money, gained ground. It was argued that, as labour and materials were both available, it was absurd for improvements to be held up simply through lack of money. As conditions became even worse, this plan was soon seen by many as the only solution. Finally, after various setbacks and considerable opposition, the adherents of State money carried the day and in 1816, 4,000 notes of £1 each were printed by the Government and paid out for the most urgent repairs. By the success of this issue the principle was established and during the next 20 years the Government authorised notes to the extent of £80,000, which were utilised in building the new Market House, schools in every parish, roads all over the island, St. Elizabeth's Cottage, etc.
These Government notes were redeemed, as the economic circumstances of the island justified, from earnings derived from the collection of market rents, customs duties, etc., and in 1836, when the scheme ended, there was a balance outstanding of £55,000 Government notes.
During the First World War, Australia also used this same principal to finance its massive costs of going to war. The People’s Bank was used to finance the war. The limiting factor was not credit; it was what the Australian people could do. If they needed to build a warship, these questions were asked. Is there enough steel? Is there a dry dock to build them? Are there enough engineers, do we have enough painters, do we have a crew to man these ships? The limiting factor is the materials, the know how and man power to do these things. Once it was shown that these resources were available the money was immediately allocated without debt. In reality the war could have been financed this way many times over if they had to, because they had so many reserves in materials.
The real cost to Australia, was in the lives lost on the battlefield and the injuries sustained but it wasn’t a financial price. In peace time, Australia continued to use Social Credit, instead of building warships they built schools and infrastructure. Indeed The Great Depression that was to affect the world later could easily have been avoided in Australia if it continued to use social credit.
see also can we remove world debt?
Links below shows two graphs.
Graph 1 shows the economy controlled by banks.
Graph 2 shows the economy using social credit