07 September 2008

Community credit

Voting for parties currently in Parliament hasn't seemed to make any real improvement in our lives. None of those parties has answers to rising debt, rising prices, rising unemployment and crashing money markets.

The publicly owned Reserve Bank of New Zealand could create and spend or lend money into the economy - interest-free. Interest on debt - the billions of dollars that go off overseas to line the pockets of the already rich - will then stay in New Zealand for the benefit of all.

This is true Community Credit. Public assets such as schools and hospitals can be built and funded, and paid for only once. We could afford important projects such as public transport or repair of the damaged environment. We could fully fund education and health, with plenty left over.

Please don't listen to that old chestnut "Inflation!" as an argument against Community Credit. Compounding interest is one of the major causes of inflation.

Compounding interest is also called usury, and for centuries was against the law. Interest is an absolute evil which robs and enslaves people, destroys economies and poisons our planet host - to pay profits to the shareholders of overseas banks.

The people of New Zealand are being robbed, our economy destroyed and our beautiful country poisoned right now.

Here's an idea: let's stop borrowing ourselves to death. Let's have the courage to change. Vote Democrats for social credit this election. I know I will.

BTW, this was authorised by Mark Atkin, 5 Tarras Grove, Lower Hutt.

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