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"Funny Money" is a term that would best describe the stupidity of our government borrowing the money it needs from overseas owned private financial institutions when it could access it from the country's central bank (the Reserve Bank), which it owns.
This means that $4,500,000,000 of taxpayer money every year goes to pay interest when it could go towards things that benefit Kiwis - like better health care, housing the homeless, fixing child poverty, better education, building houses, roads, and sewage plants, etc.
Social Credit is committed to changing that, and putting in place a financial system that really works for New Zealanders and the planet.
Farewell Harry Smith
Sad news  - Long time Social Credit stalwart Harry Smith - signwriter, musician, and  raconteur extraordinaire passed away last month.
Since the late 1970's Harry contributed much time and effort to advancing monetary reform.
He was particularly famous for  an enormous banner he created (with help) which was hung on the cliffs of East Coast Bays in the 1980 by-election reading "It's a cliffhanger".
It was painted in sections in a warehouse and was so big and heavy it had to be assembled on the roadway above the cliffs in the early hours of the morning before being draped down the cliff.
The party won the by-election, Garry Knapp an his team beating Don Brash, who later became National Party leader and governor of the Reserve Bank.
Harry was also a key member of the "Democratic Dozen" who famously invaded Room 216 in Parliament to protest at the Labour government breaking it's promise to hold a referrendum on changing the first- past-the-post electoral system to proportional representation. The party favoured STV, but MMP was foisted upon the country in 1996.
Harry painted the banner hung outside, and was one of the 12 who went into the room for 3 days.
He stood as a candidate several times and was a tireless worker for Social Credit. He was known by many as "Mr Social Credit" in his home town of Gisborne.

Call For Govt Not To Sign Migration Compact
Media Release 07.12.2018
Chris Leitch, Leader
Social Credit is calling on the government not to sign the UN sponsored Global Compact on Migration in Morocco in three days time.
It’s time New Zealand stood on its own two feet and demonstrated by its actions that it adheres to values we can be proud of instead of joining a me-two movement promoted by the United Nations that will see us giving up more of our sovereignty over our own decisions.
We once stood proudly and demonstrated our commitment to the rest of the world on anti-nuclear legislation yet we’re now becoming just followers.
New Zealand would be hypocritical to sign a document that requires the signatories to invest in sustainable development in potential migrants own countries so that they can lead peaceful, productive and sustainable lives, when it can’t meet those goals in its own country.
There are policy goals on education, health, access to decent employment, and economic, social and environmental conditions that allow people to improve their lives and meet their aspirations.
Tens of thousands of Kiwis would dearly love to live in conditions that match those policy goals.
While the compact is supposedly non-binding, countries that sign the compact are clearly indicating they intend to apply its provisions – otherwise what reason would they have for signing?
The government should not be considering an expensive taxpayer funded trip to a convention anywhere in the world, to sign a non-binding agreement with conditions we can’t meet in our own country, when that money would be better spent on feeding and housing New Zealanders.
New Zealand needs a government that will scrap the neo-liberal economic ideology that both National and Labour adhere to, and implements an alternative like social credit that has a chance of meeting the policy goals the agreement proposes.
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Wage Claim Disruption Easily Fixed
Media Release 07.12.2018
Chris Leitch, Leader
The government could head off the avalanche of wage claims that will cause significant disruption for the public, and drive up inflation, by scrapping GST and replacing it with a transactions tax.
The wage claims, from anaesthetists, teachers, public servants, aircraft engineers, and others while justified, have the potential to wreck the economy by kick starting inflation and pushing up interest rates.
More private sector employers will likewise be under pressure to raise wages, increasing their costs substantially along with the cost of their products and services.
The cumulative effect will be to drive up interest rates, with the potential to cause hundreds of house mortgage and farm mortgage defaults.
Replacing GST with a transactions tax at less than a quarter of one percent (25 cents in every hundred dollars) on all withdrawals from bank accounts would give workers across the board a substantial increase in purchasing power far greater than they would get from wage rises.
It would generate roughly the same in tax revenue as GST, but with the majority coming from the speculative sector, rather than the productive sector, of the economy.
That raft of financial transactions such as credit default swaps, debt securities, convertible and exchangeable bonds, currency trading, derivatives etc, currently avoid the GST net.
The recent introduction of GST to on-line purchases is complicated and messy and will produce minimal tax revenue, but scrapping GST and implementing a simple transactions tax would immediately put Kiwi retailers on an even footing with all overseas sellers.
Additionally businesses would be relieved of the burden of accounting for GST, filing returns, and audits.
It will be very simple for the banking system to implement FTT, and very difficult for anyone to avoid payment.
Banks would deduct the tax automatically in the same way they already withdraw their own account fees and Resident Withholding Tax, and remit it straight to the IRD.
The removal of GST would contribute to a reduction in child poverty by putting more money in the hands of lower paid New Zealanders who currently pay tax far out of proportion to their incomes.
It would be fitting that Labour, the party that first introduced GST and unleashed the neo-liberal economic experiment on the country were the ones that finally scrapped it
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Minister's Door Closed on Waste-to-Energy Plants
Media Release 18.11.2018
Chris Leitch, Leader
Despite attempts for months by experts in waste-to-energy plants to get an appointment to see her, Green’s Associate Environment Minister Eugenie Sage has refused all approaches, claiming WtE plants “don’t fit with the government’s waste reduction plans”.
But the German Federal Environment Agency says that “there are several reasons that the claim that waste incineration is thwarting waste prevention efforts is unsustainable’.
They also say “waste incineration is making a contribution to climate protection and helps save natural resources” in Germany.
Emissions from the new generation plants are negligible, while rubbish dumps generated methane, said to be the worst of greenhouse gases, and CO2.
Ms Sage appears to have a luddite view of new technology in the waste disposal field preferring to see waste buried in the ground leaving the after effects, like the possibility of toxins leaching into waterways, for future generations to deal with.
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Govt Should Invest in Waste to Energy Plant
Media Release 13.11.2018
Chris Leitch, Leader
The Government should invest in building a waste to energy plant south of Auckland.
Landfills are the least preferable option for rubbish disposal, and with new technologies, waste to energy plants have the potential to be carbon negative.
In addition the government should pass legislation requiring at least 60% of waste to be re-processed by 2025 rather than being dumped into landfills.
A planned new rubbish dump site in the Dome Valley will cover 1000 hectares and, in addition to being a blot on the landscape, will waste an enormous resource that could be turned into profit.
While the vast majority of waste collected in New Zealand goes into rubbish dumps, waste to energy plants like those in Norway recycle a much greater amount of usable material from the waste stream, and what is left is burnt at very high temperatures and turned into energy.
             If you want
  - Better Housing            - More Say
  - Better Roads                - Lower Rates
  - Better Health Care     - Less Tax
  - Better Education        - Clean Rivers
                      


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Social Credit NZ
Authorised by Anne Leitch, Secretary
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If you want
 - Better Housing
 - More Say
 - Better Roads
 - Lower Rates
 - Better Health Care
- Less Tax
 - Better Education
- Clean Rivers
                    
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