Monday 3 October 2011

The Democrats for Social Credit Party’s Vice President, Katherine Ransom, will stand in Tauranga for a third consecutive general election.

“As long as New Zealand continues with the debtbased economic system, the income gap will get wider and debt levels will grow,” said Ms Ransom.

“Current economic policy benefits the rich and powerful, while a quarter of our children go hungry to school. Change is long overdue, and urgent if we want to avoid the kind of violent protest that other countries are dealing with.

“The Democrats for Social Credit Party calls for the publiclyowned Reserve Bank to provide our money supply at cost, rather than borrowing $300m per week at interest from foreign banks. If the RBNZ can provide credit lines for commercial banks and finance companies, it ought to do the same for local authorities and capital works for public benefit.”

Ms Ransom’s selection was unanimously supported by delegates at a recent Eastern Region meeting.

ENDS

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