Debt-free Money

May You Live in Interesting Times

The New Zealand “lock-down” so far seems OK for those of us enjoying lovely early Autumn days and time for home jobs. The city is remarkably quiet.

An occasional train and bus go by and there are much fewer cars on the roads. Few airliners pass over. There is little noise from nearby houses.

For anyone seeing beyond the lies and contradictions of conventional economic theory this moment could be considered an insight into the real civilisation that is potentially possible. For the present, pensions and welfare benefits are being paid and many others are receiving a minimum income. This is not to deny that the government has acted quite stupidly with aspects of its disease containment, relying heavily on computer modelling, and many businesses face closure. The stress for those affected must be appalling. On the first night of the lockdown police (and likely military) helicopters were overhead for several hours. Normally, (that’s if modern life can be called normal) police helicopters will be around in the wee hours once or twice a week. But not this past fortnight. Have the small-time criminals taken a holiday? Unlike in some countries we are, for now, permitted to take walks (and drive to nearby supermarkets). There are more families out walking or cycling than during a normal weekend or holiday. In the now pagan west there are almost no calm and restful holidays. Those times are filled with endless group sports and noisy low-quality “entertainment” and bustling shopping malls.

I’ve jokingly told a few people the government is finally partially implementing some advice Malcolm Muggeridge gave thirty or so years ago which is that we should close the media, universities and schools for five years to give us a chance to get our commonsense back. If only, and there are other worries for some. Friends with perfectly healthy unvaccinated children worry that the State, with its newly expanded powers, will try to enforce a compulsory and untested vaccine (they are all untested) on them. The only really useful financial advice being offered down-under comes from a small Douglas Social Credit political party which suggests the government-owned Reserve Bank create and issue debt-free the money for these payments rather than go cap in hand to the racketeering international banks, who, in any case create what they loan but then burden us forever with more un-repayable debt along with interest. During the latter part of the 1930s Great Depression this government used that facility to fund considerable infrastructure and build about 30,000 State houses, and for several decades to guarantee more realistic prices for farm production.

Social Credit* was the term given to a movement that emerged in the 1920s and ‘30s from the investigation and writings on banking and the operation of money in the modern economy of a British engineer Cliff Douglas. Douglas analysed the role of money in the production system and distribution (purchasing by consumers) of such, showing clearly that as labour was replaced by increasing mechanisation there developed an increasing gap between the total costs of production, which must be recovered in prices, and total purchasing power issued to consumers. Among the conclusions of his investigation it emerged that it is the insufficiency of total purchasing power, in relation to production costs within a nation, that is the primary driver of the huge insatiable need to find export markets.
*The recent adoption of the term social credit by the Chinese & some other governments has an entirely different meaning and purpose.

Professor Michael Hudson of the University of Missouri, Kansas is suggesting a write-off of most of the world’s debt which would be good but it doesn’t go far enough in that it still ignores the enormous potential for widespread social advancement that labour-replacing technology offers if we can get our minds around a direct payment of incomes (purchasing power) to consumers whether they are employed or not.

Crazy, God-hating, Marxist-style ideology aside, the environmental movement has been correct to highlight the damage done by unnecessary over-production, much of it with deliberately build-in obsolescence. But that movement dismisses anyone who wants to properly investigate and highlight the shortcomings within the debt banking/financial system in favour of various social reforms and never-ending additional centralisation of political and economic power, with the resultant monopolisation and globalisation of most of the economic system. Conventional-style full employment is unnecessary and harmful in the face of modern labour-saving technology. Full employment as a policy is puritanical and long outdated and has reduced untold millions of people to unnecessary wage slavery.

Long ago increasing automation could have lead to increasing personal freedom and creativity. But the almost all-powerful money-power (international banking) and the promoted illusion that money is wealth, instead of an accounting mechanism that almost perfectly works to allow co-operative communal input into the production system, has hindered this.
When the nature of money is understood better it becomes quite easy to see how the replacement of labour with new technology like robotics can be welcomed as a social advance allowing greater personal economic freedom. A simply and equal payment for example to all citizens of a nation - a sort of disbursement of income that the robots don’t need - reflecting the replacement of full employment by machinery and allowing all of that society’s desired production to be bought, would be easy to do.
It wasn’t so long ago when it seemed that the globalist New World (dis) order agenda seemed unstoppable. But Russia, partially re-Christianised and partially restored to an independent and almost self-reliant empire focusing on it’s own independence, said NO. The NWO fanatics have lied and mass-murdered their way to their objective of a culture-less and nation-less anti-human global pigsty. But far from getting everything their own way, despite their control of global banking, the big media and publishing, “entertainment”, academia and medical training and over-drugged populations, they face the fact that people of sound mind want to belong to families and communities and retain the security and historic cultures that can only survive when the nation-state is stable and free.

It seemed through the 1990’s that Russia was a spent force on the edge of total collapse. Russians who could were leaving. Around sixty percent of Russians and Ukrainians lived below the poverty line. The global mafia had taken ownership of all the former large State industries. Hundreds of thousands of younger women had been tricked into leaving and then physically forced into heroin addition and prostitution around the world - some cold-bloodedly murdered when they wouldn’t cooperate. Russian children, as Putin himself has mentioned, could be found in western European brothels and the governments there looked the other way.
But Russia is no longer in that low state and over the last 20 years has significantly restored it’s historic nationalism, military strength and regained considerable economic independence, sufficient to have blocked the global Zionist planned destruction of Syria and Iran as happened to Iraq and Libya. A wise fellow was once asked what should a nation do if it decides to stand against the world financial power. He replied they should first arm themselves to the teeth.
Russia, whether by wise understanding or simply in response to the regular threat of military attack has done that and has developed some very modern weapons that cannot be stopped by existing American defences. And in contrast to the modern pagan West’s total disregard of foreign civilian casualties Russian authorities even named several homeland US military bases they would destroy if attacked and have threatened that if any missiles are fired at Russia the response will be brutal and aimed at the bases from which those missiles were fired. That is clever and humane. Clever because it puts the personnel at those bases in a sticky situation if they are ordered to fire on Russia; and humane because it’s an attempt to avoid or minimise civilian casualties.


There is a stupid (though kind of understandable) liberal idea that so long as we are just really nice to everyone this will stop conflicts and bring about world peace. But it is nonsense. We should be kind and patient but also acknowledge the existence of conscious evil. This was once taken for granted in more religious times. Some people plot murders and wars and live by lies. The great Alexander Solzhenitsyn’s advice was to “live not by lies”.

Thanks for reading and God bless, Bill Daly
billdaly996@gmail.com
PO Box 20752, Glen Eden, Auckland, New Zealand

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