Few people are familiar with the concept of Social Credit by Clifford Hugh Douglas. In his book, by the same name, his theory is presented.
“Douglas explains (particularly in Part 2, Chapter 2) that, if the money supply is not increased, dollars/pounds become more valuable, such that prices drop. But, if the money supply is increased just enough, the value of each dollar/pound – hence prices – can be left unchanged. Finding it desirable to keep prices unchanged in this way, Douglas then explains that, essentially, a decision has to be made about who gets the additional dollars/pounds. Under our current fractional reserve system, the banks do, by creating and lending out extra credit. Continue reading “Social Credit Monetary Theory”

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