{"id":3024,"date":"2018-07-25T00:00:00","date_gmt":"2018-07-24T11:00:00","guid":{"rendered":"https:\/\/ourplanet.org\/chris-leitch-is-social-credit-heading-to-be-new-zealands-third-political-party\/"},"modified":"2023-05-11T19:15:28","modified_gmt":"2023-05-11T06:15:28","slug":"chris-leitch-is-social-credit-heading-to-be-new-zealands-third-political-party","status":"publish","type":"post","link":"https:\/\/ourplanet.org\/greenplanetfm\/chris-leitch-is-social-credit-heading-to-be-new-zealands-third-political-party\/","title":{"rendered":"Chris Leitch: Is Social Credit heading to be New Zealand\u2019s third political party?"},"content":{"rendered":"
Neo liberal economics, turned loose on New Zealand by Roger Douglas and Labour in 1985 (and still adhered to by both Labour and National today) has failed.
\n The results speak for themselves - hundreds sleeping on the streets, in cars, in sheds and garages, hundreds more living in taxpayer funded motel units
\n because they have no homes, full time workers unable to afford their rent, a health system in crisis, inequality at its highest level ever, roads,
\n sewage systems, water supply and other infrastructure in disrepair, our \"clean green\" country under threat.
\n \n<\/p>\n
We need an economic system that works for people and the country, not for a favoured few. Such a system exists. It's called Social Credit. It has been
\n tried before in New Zealand and other places and worked brilliantly. It is being increasingly talked about internationally. It could work for us again.<\/p>\n
\"Funny Money\", once used in a derogatory way to describe Social Credit, is a term that would best describe the stupidity of our government borrowing the
\n money it needs from private financial institutions when it could borrow from the country's central bank (the Reserve Bank), which it owns.<\/p>\n
This means that $4,500,000,000 of taxpayer money every year goes to pay interest when it could go towards things that benefit Kiwis.<\/p>\n
Social Credit is committed to fixing that, and putting in place a financial system that works for New Zealanders.<\/p>\n
Imagine if the government could create all the money that is needed.<\/p>\n
\u201cOur own history offers us one of the most important instances of this being done. In the 1930s in the middle of the Great Depression, the great Labour
\n Prime Minister Michael Joseph Savage authorised the creation of new money so that thousands of new state houses could be built, thereby providing jobs
\n for the unemployed and homes for the homeless and \u2013 incidentally \u2013 an income-producing asset for the government.\"<\/p>\n
Quote from Brian Gould, \u201cCreating Money for the Good of the Country\u201d.<\/p>\n