Reading of the Treasury Department’s 2015 Intergenerational Report reveals some problems with the understanding of economics and finance held by policy makers.
The opening lines of Douglas’ Monopoly of Credit, first published in 1931 say:
It cannot have escaped the observations of anyone interested in the welfare and orderly progress of society that, more especially in the years which have intervened since the close of the European War and the present time, the centre of gravity of world affairs has shifted from Parliaments and Embassies to Bank Parlours and Board Rooms. It is probable that this shifting is more apparent than real; that, in fact Parliaments and Embassies have not for a long time been more than the salesman of policies which were manufactured elsewhere.1
Social Credit is the brain child of Major C. H. Douglas. During World War l he was asked to sort out some problems at an aircraft factory in Farnborough and came across a discrepancy in their books. The factory generated costs at a greater rate than it made available incomes to people.
Systems that aim to organise people can be placed into one of two groups; systems that limit peoples' freedoms and those that increase them. The latter philosophy is the foundation of the Social Credit movement conceived by the Anglo-Scottish Engineer Major Clifford Hugh Douglas.