12 July 2005

Advance New Zealand Sees Ongoing Debt As A Future Threat

It is rapidly getting beyond dispute or debate that the foundation of virtually every financial system around the globe is fundamentally the same in design and origin.

They are all based on the same concept of interest bearing debt creation originating from the realisation by the goldsmiths in the 16th and 17th century that money could be made by manipulation of the process used to account for the gold held by them on behalf of their clients. That breach of contract and trust is still the basis for the concept being used currently (2005) as the foundation for 'our' economic, monetary and financial systems.

Those who defend the concept of debt for profit or the making of money out of the creation of debt, or any of the terms used to describe what C H Douglas (the originator of the Social Credit concept) referred to as the monopoly of credit, do so out of ignorance of the truth of the issue or because they have a vested interest in ensuring the status quo of debt driven poverty remains in place.

20 years ago Bob Geldoff led the 'Live Aid' initiative to address the issue of poverty. The recent 'Live 8' concerts aimed again at making poverty history illustrates exactly why the basic foundation concept underpinning national economies and the wider global economic infrastructure needs changing. Unless such change is made there need be little doubt in 20 years the same issue of poverty will once again drive someone to led another 'initiative' to solve issue of poverty.

Another current reality is the G8 leaders meeting not being able to agree on what is needed to resolve poverty simply because the very concept (interest bearing debt as the foundation of economic activity) which creates poverty and exclusion, is the same one being used to create expansive wealth for the owners and operators of the interest bearing debt mechanism.

Those who benefit most from the present model will use the wealth and power they have accumulated politically to ensure they retain their advantage at the expense of the mainstream population and if need be the wellbeing and viability of the very planet we all live on.

They will slide around, over or through the political institutions to maximise the returns the present mechanism delivers to them at the expense of the vast majority of people around the world who are increasingly struggling to keep their heads above rapidly rising levels of debt and its associated costs (taxes, charges and levies) that threaten to engulf them.

ENDS

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