"Funny Money" is a term that would best describe the stupidity of our government and councils borrowing the money they need from overseas owned private financial institutions when they could access it from the country's central bank (the Reserve Bank), which the Govt owns.
This means that $6,000,000,000 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, fully funding St Johns etc.
Social Credit is committed to changing that, and putting in place a financial system that really works for New Zealanders and the planet.
Social Credit condemns
capitulation over Julian Assange
Media Release 14.04.2019
Social Credit is calling on all
’s political parties to join it in condemning New Zealand ’s capitulation on asylum for Julian Assange and it’s handing him over to British authorities. Ecuador
That capitulation appears to have been facilitated by a $4.3 Billion (USD) loan to
from the Ecuador dominated International Monetary Fund on the day Assange's asylum was revoked. US
Social Credit has long said that if sovereign nations took control of their own monetary issuance via their own central bank, such loans would not be necessary.
Local Govt Funding Submission
Local councils are facing increased demands on their funding, organisational, and service delivery capabilities.
Councils ablility to increase rates and charges is being constrained, with more ratepayers on fixed incomes, and the majority of wage earners already living with household budgets under stress.
There is funding option that has not been investigated by local government
or by individual councils. New Zealand
says Brian Gaynor
- NZ Herald
We've said, since the 1920's, that banks create money - they don't lend money people deposit with them.
Now, yet another one of NZ's leading economic commentators, Brian Gaynor, agrees.
'Banks create money by lending to individuals who immediately place these borrowings on deposit.'
We were right all along.
We'll restore that right to the Reserve Bank.
Time for Social Credit to be in government.
National Responsible for Health Crisis
Media Release 14.04.19
The National Party is responsible for the greatest health crisis the country has ever faced.
The Sunday programme on TV One highlighted a crisis in maternal health care that providers of mental health services clearly identified as caused by a major lack of funding.
A simple change in economic thinking would free up $5 billion dollars per year to put into health, education, social services, and other things that would benefit kiwis.Social Credit is the only political party in
Waste Management Claims Rubbish
Media Release 02.04.2019
Claims by Waste Management that
needs a new waste disposal site are rubbish. Auckland
A planned new rubbish dump site in the
will cover 1000 hectares and will waste an enormous resource that could be turned into profit. Dome Valley
While the vast majority of waste collected in New Zealand goes into rubbish dumps, over 2000 pyrolytic plants operate across the world.
Government rhetoric about climate change, waste reduction, and road safety won’t cut it.
Tax Working Group Report Like Cold Porridge
Media Release 20.02.19
The report of Michael Cullen's tax working group was about as innovative and forward looking as a bowl of yesterday's cold porridge.
The innovations it could have shone the way on, like the scrapping of GST at 15% and the introduction of a financial transaction tax at under 1% will be sadly missing.
The irony is that the working group will have cost taxpayers several million dollars to propose a more complex tax system that will extract more money out of their pockets and benefit only accountants and tax lawyers.