I attach here a document produced by my late father-in-law Peter Cahill.
Peter was a husband, a father, a teacher and a Catholic who took very seriously his duties as a catholic.
One of his long term actions was making people aware of the faults in the economic system operated by the banks throughout the world. He wanted people to be aware that Banks make money out of nothing. They create it as entries in a book, and then lend it out, charging interest.
Why should Countries not do this. The bank's money creation is based upon the wealth of a country. So why allow a bank to take on this roll for its own benefit. Let the Country create it's own Credit, its own money.
Peter was a firm believer in Social Credit, an economic system devised by CH Douglas. It operates in British Columbia, where each person recieves an annual dividend based on the wealth of the country.
With Lord McLeod of Funiary, and various others, Peter helped set up The Christian Council for Monetary Reform.
Read this document. Give it some thought. And remember....banks create money out of nothing. When they make a loan, no deposit is disturbed. The money is a myth. And banks have been getting away with this for years.
Interesting post. Your father in law seems to have been actively engaged in the Social Credit movement. I have my own blog on the subject.
ReplyDeletehttp://social-credit.blogspot.com/
One correction to your post is that Social Credit was never tried in any of the Canadian provinces, including BC. They elected a "Social Credit" government along with the province of Alberta, but they never implemented any monetary reforms in line with actual Social Credit. The Alberta Social Credit government tried, but the federal government disallowed the legislation ruling that it was unconstitutional.