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We'll put in place an economic system
that works for people and the planet
We'll put in place an economic system
that works for people and the planet
We'll put in place an economic system
that works for people and the planet
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Q2

Where are you going to get the money from?

From  the same process as today, creation by the banking system. But it will  first be issued by the Reserve bank for the benefit of the community,  not by private institutions claiming it as their own.

Money  for essential non profit, national and community projects, such as  roads, hospitals, schools, power saving, water and sewage systems, will  be funded in the first place with an interest free overdraft from our  Reserve Bank. This is the basis of our Community Credit Programme.
  
Practically  all money is now created by the banking system. Notes and coins only  represent about two and a half percent of the total. Under Social  Credit, new money would be issued by the Reserve bank debt free instead  of by the commercial banks as a debt. The amount in circulation will be  monitored to ensure the industrial capacity and the ingenuity of the  workforce is fully utilized for the benefit of the community as a whole.  
  
Comments:
The  overdraft to be repaid over the expected lifetime of the asset by way  of rates or taxes. If one million dollars is borrowed then one million  dollars is repaid without the burden of paying for the compounding  effects of interest.
A small service charge will apply to cover the cost of the overdraft facility;
The project must meet environmental conditions and is also subject to the availability to resources & manpower.
             If you want
  - Better Housing            - More Say
  - Better Roads                - Lower Rates
  - Better Health Care     - Less Tax
  - Better Education        - Clean Rivers
                      


© Copyright 2018
Social Credit NZ
Authorised by Anne Leitch, Secretary
42 Reyburn House Lane, Whangarei
If you want
 - Better Housing
 - More Say
 - Better Roads
 - Lower Rates
 - Better Health Care
- Less Tax
 - Better Education
- Clean Rivers
                    
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