But they shall sit every man under his vine and under his fig tree; and none shall make them afraid. Micah iv., 4
PREPARED BY ERIC D. BUTLER
What is Social Credit? Most people, including many who call themselves Social Crediters, would answer this question by saying that Social Credit is a monetary reform scheme. No greater dis-service has been done to Social Credit than the persistent reference to it as merely a Scheme for financial reform. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 1”
PREPARED BY ERIC D. BUTLER
In Lecture 1 we saw how there are two basic philosophies in the world, each diametrically opposed to the other. Now obviously these two philosophies and the policies arising from them, result in two different types of organisation. In this Lecture we are going to study these two types of organisation. All organisation has to do with the association of individuals. In his “Tragedy of Human Effort”, Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 2”
PREPARED BY ERIC D. BUTLER
Having examined organisation and the difference between policy and administration, we now turn to a more detailed study of the different aspects of society.
In his “Nature of Social Credit”, L.D. Byrne writes:
“There are broadly three separate aspects of social life: although distinct, each influences the others. They are (1) the house-keeping or economic, (2) the legislative or governmental, and (3) the cultural or spiritual…. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 3”
PREPARED BY ERIC D. BUTLER
In this lecture we are going to study the question of how much power Governments should have and how that power can be restricted. The famous statement by Lord Acton that “all power tends to corrupt and absolute power corrupts absolutely” is one of the most profound observations ever made. No individual or group of individuals can be trusted with too much power. The obtaining of power results in the striving for still more power. Power is particularly dangerous when those wielding the power cannot be made directly responsible for their actions. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 4”
PREPARED BY ERIC D. BUTLER
Although we have now only nearly completed half of this course, we have said comparatively little about money, banking and credit creation. However, we have now done the necessary ground work and in this lecture will start our examination of the present monetary system. But before we proceed it is essential to stress that the Social Credit approach to the monetary system is as objective as the Social Credit approach to any other man made system. There are still some people who, if told the facts about the mechanics of banking, react by saying “you must be one of those Douglas Credit people who have a theory about the bank creating credit”… Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 5”
PREPARED BY ERIC D. BUTLER
“Capital Expansion essential for Full Employment?
During the earlier presentation of Social Credit, nothing created so much controversy as the Social Credit analysis of financial costing in modern industry, demonstrating that as industry became progressively more mechanized and powered by solar energy, it also progressively distributed less purchasing power to individuals in the form of wages, salaries and dividends. Today the economic “experts” tacitly admit what Douglas discovered when they urge that new financial credits should be created by the banking system for increasing capital production, particularly Government capital production, in order that depressions may be avoided. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 6”
PREPARED BY ERIC D. BUTLER
In last week’s lecture we dealt with the flaw in the present orthodox financial rules and the effect this flaw has upon the economy. I said last week that in the absence of any understanding of the financial and economic problem, it was impossible for any individual to obtain any comprehensive understanding of local and international politics, simply because these are largely governed by finance and economics. There is today considerable talk about Socialism and Communism, but little understanding of how present generally accepted ideas of finance and economics make Socialist policies inevitable. Irrespective of the label of Governments over the past twenty years, the policies they have imposed have become more and more Socialistic. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 7”
PREPARED BY ERIC D. BUTLER
It is a matter of fact that prior to the 1914-18 war, there was a far bigger percentage of the population in England and other Western European countries in possession of independent incomes than is the case today.
Taxation was low and individuals were able to save more than they can today, and in turn re-invest to obtain financial dividends which were a useful supplement to wages and salaries. Physical inheritance in the form of homes and properties was not destroyed by the savage death duties imposed by modern governments. The power of Governments was much more severely limited. Continue reading “SOCIAL CREDIT TRAINING COURSE – LECTURE 8”