SOCIAL CREDIT Journal …

Bob Hawke & Paul Keating – May 1991.

 

 THE SALE OF THE COMMONWEALTH BANK
by the Australian Labor Party 

 

Paul Keating’s Labor party initiated a gigantic
fire sale of public assets,
 setting in motion a
process that made billions for private
companies at the expense
of everyone else

Keating’s sale of Qantas, the national airline
and the Commonwealth Bank are the
two most notorious examples… 

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⇓  FULL ORIGINAL TEXT

Douglas Social Credit – ‘The Money Trick’

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BANKS HOLD THE POWER OF LIFE
AND DEATH OVER THE ECONOMY

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Colin Barclay-Smith

Colin Barclay-Smith is an Australian journalist who started studying Douglas’s Social Credit proposals during the first years of the Depression. He was so convinced of the value of this doctrine that he founded, in 1932, a journal to diffuse it, the New Era, which had at one time over 30,000 subscribers.
In 1934, Barclay-Smith accompanied Douglas in his tour of Australia and New Zealand. Barclay-Smith died on May 19, 1957 in Sydney, at the age of 64. A brilliant writer, Barclay-Smith wrote several booklets on various aspects of Social Credit. The last one, ‘It’s Time They Knew’, was published a few months before his death.

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IT IS TIME THE PEOPLE OF AUSTRALIA
KNEW THE ALARMING FACTS.


TEST YOUR KNOWLEDGE WITH
THE FOLLOWING QUESTIONS:-

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1)  Do you know that no bank lends money deposited with it?

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2)  Do you know that when a bank lends money it CREATES it out of nothing?

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3)  Do you know that bank loans are merely pen and ink entries in the credit columns of a bank’s ledger?
They have no other existence.

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4)  Do you know that practically all the money in the community comes into circulation as a debt to the banks?

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5)  Do you know that money loaned by a Government bank is just as much a debt to the people as if it were loaned from a private bank?

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6)  Do you know that “fixed deposits” are a plausible screen to hide the creation of credit?

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7)  Did it ever occur to you that the banks enjoy this unique facility of creating credit and putting the nation progressively into debt-bondage because they create FINANCIAL credit against the REAL credit created by the people?

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8)  Do you realize that every time a Government borrows money for a public work, the people are debited with the liability (in perpetuity), but are never credited with the value of the asset?

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9)  Do you know that every repayment of a bank loan cancels the amount of the loan out of existence?

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10)  Do you know that Treasury Notes are Government I.O.U.’s — national pawn tickets for pledging the assets of the country to the banks for the loan of OUR OWN financial credit?

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11)  Do you know that banks purchase bank sites, build premises, and acquire assets at no real cost whatever to themselves — by the simple process of honouring their own checks?

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   You may dismiss these affirmations as “incredible”, or “absurd”, but if you will read on, each one will be proved beyond all shadow of doubt.

Most of us have grown up with only the vaguest notions of money.

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We are fairly certain that it is the Government’s right to print notes and mint coins. For the rest, our knowledge is distinctly foggy.

Most people, for example, labor under the impression that the only money in the community is notes, silver, and copper. But this is a very, very small part of the community’s money.

In fact, notes, silver, and copper — legal tender — is used for less than five per cent of the total purchases made.
Over 95 per cent of all business is done by checks…

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( AND IN RECENT TIMES – CREDIT [Debt] CARDS. )

 

 

 

 

 

 

 

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