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Rebuilding our Democracy, from the ground and up.
Social Credit is back
The Social Credit Movement has its roots in aftermath of the Great War when Clifford Hugh Douglas, a Scottish engineer, published his major work, "Economic Democracy" in 1919.
Douglas' ideas about the equitable distribution of a nation's wealth came to fore during the Great Depression that followed the stock market crash in 1929 where a great number of people sank into poverty in spite of the fact that there was not a shortage of goods and services available. The slogan "poverty amidst plenty" described the situation well.
Social Credit seeks to eliminate an artificially created shortage in purchasing power by exercising the sovereign right of a nation to issue its own money and credit without borrowing it from anybody.
Your contribution to this blog is welcome. Send new content to
albertansforsocialcredit@gmail.com or post comments on existing content
Douglas' ideas about the equitable distribution of a nation's wealth came to fore during the Great Depression that followed the stock market crash in 1929 where a great number of people sank into poverty in spite of the fact that there was not a shortage of goods and services available. The slogan "poverty amidst plenty" described the situation well.
Social Credit seeks to eliminate an artificially created shortage in purchasing power by exercising the sovereign right of a nation to issue its own money and credit without borrowing it from anybody.
Your contribution to this blog is welcome. Send new content to
albertansforsocialcredit@gmail.com or post comments on existing content
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