The Death Pledge

   You should probably know that the literal meaning of mortgage is ‘death pledge’. According to the Australian debt clock we owe 1,647,386,800,000 dollars to banks as housing debt. It's about 90% of all household debt in this country and it is accumulating faster than GDP. In its March 2017 Monetary Policy Meeting the Reserve Bank noted that household debt was rising faster than household income.

Continue reading
40 Hits
0 Comments

Credit Ratings and the People's Wealth

   This week Scott Morrison warned that unless the federal government can find 13.2 billion dollars in savings by the release of the May budget then Australia risks losing its AAA credit rating.

Continue reading
86 Hits
0 Comments

The Puzzle

  The world in which we live can be a strange and incoherent puzzle.

Continue reading
218 Hits
0 Comments

The Morality of Work

   The issue of work is always a sticking point with people trying to comprehend the Social Credit position. When it’s all boiled down all we are saying is that when it comes to work people should be allowed to exercise the choice that progress would undoubtedly make possible if it weren’t for a financial setup that prohibits it.

Continue reading
271 Hits
0 Comments

To Distribute or Redistribute

   There is a debate going on beneath the nonsense of mainstream economic discussion. The contenders are agreed on one important point; that a better distribution of wealth is the solution to our economic woes and the road to a more functional society. As Martin Luther King said ‘it is now incontestable that the wealth and resources of the United States make the elimination of poverty absolutely practical.’ This is true throughout the industrial world and could be true everywhere.

Continue reading
389 Hits
0 Comments