Chapter 30 - A Corrupted Monetary System
talk delivered by Gilberte C๔t้, on the CKAC Radio Station in
money in its proper place
a Social Crediter addresses an audience who hears a lecture on Social
Credit for the first time, the words which come immediately to the
listeners' lips are: This makes a lot of sense.
Credit indeed makes a lot of sense, because it wants to put all public
things in their proper places.
since it is money that, in our present society, has most departed from
its function, Social Credit begins by subjugating money.
money is to put it in its proper place, to make money fulfill its
function, to organize the financial system so that money reaches its
objective of money, the final cause as we say in philosophy, the reason
why money is made, is none other than to make good products and services
easier to sell so that they can reach the consumers who need them.
our monetary system corrupted?
money hinders the sale of products, the monetary system is corrupted.
money leads to the destruction of men and things, the monetary system is
money is a weapon of exploitation, the monetary system is corrupted.
money makes souls become corrupt, the monetary system is corrupted.
money is sovereign, and commands a humanity in servitude, the monetary
system is corrupted.
the present monetary system hinders the sale of products, leads to
destruction, creates exploiters, corrupts souls, and enslaves people.
Hinders the sale of products
money is a hindrance to the sale of production, no one doubted during
the ten years' crisis that we have lived through. The windows were
filled with good things wanted by consumers. The only obstacle for these
good things to pass into homes was the lack of money.
money was lacking in wallets more and more as industry grew. Because, as
an industry grows, some money comes into being, but with the function of
putting to death, cancelling, some money already in existence.
industrialist registers the development of his industry with the bank
manager. And the bank manager brings money into being, creates it. But
this money must return to the bank to die, to be cancelled, before very
long, bringing with it the interest which it will have taken from money
already in circulation.
the prospect of the birth of products, some money comes into being. With
the birth of products realized, this same money dies and simultaneously
brings about the disappearance of other older money.
is a corrupted system which, instead of making the sale of products
easier, hinders their sale. A good system would be one that would put
more money in front of more products, and less money in front of less
present monetary system does the exact opposite. The more the products,
the less the money in front of them, by virtue of this corrupted birth
of money which carries the stain of original sin of having to die, and
of dying after having eaten other money, without having itself
is why, the more a country is developed, the more it gets into debt
private debt and public debt. The African deserts are not debt-ridden,
because they are not developed; whereas Western nations, rich with all
kinds of things are indebted even beyond their wealth, since as their
wealth increases, their debt increases even faster.
Credit, in front of products, will therefore create a money exempt from
the death penalty and exempt from the mission of killing other money,
and thus prevent money from hindering the sale of products. This is one
of the features of the Social Credit monetary system.
A cause of war
present monetary system leads to war.
peacetime, one manufactures good things. But, there is never enough
money to buy all the good things that consumers want to buy. It is
absolutely inevitable that a day will come when industry will
manufacture bad things that consumers do not want to buy, but that
governments will buy. These badly-manufactured things will cause money
to come into the consumers' hands. And the consumers, with this money,
will buy the good things which, in peacetime, remained on the shelves.
understands that the bad things are the cannons and all the other
instruments of destruction. But, for governments to buy these cannons,
they must be able to use them. So a war is needed.
The facts show it
facts show it. The good products have been selling since the war
started. And the good products have been selling for money that came
from war production. Without war industries, peacetime industries do not
sell their products.
tight money in times of peace and plenty, you must start a war from time
to time to allow the sale of all products which have lain about for a
not several people welcome war as the best remedy to unemployment? The
unemployed, who are the victims of the tight-money policy, earn their
daily bread through the soldier's pay. Without a preceding crisis, it
would undoubtedly be difficult to find soldiers for war.
tight-money system therefore leads to war. Social Credit, which would
put enough money into circulation during peacetime, would destroy a
great cause of wars.
present monetary system creates exploiters. We have seen it. We still
see it. And we can easily explain it.
unemployed are exploited people. And unemployment is inevitable when
money is tight, since industries close their doors.
of homes, farms, businesses, industries, who see their goods taken away
from them by the tight-money system, are exploited people.
people, whom tight money and war prevent from earning a decent living
and from starting homes, are exploited people.
whom tight money and war prevent from having children or raising them
properly, are exploited people.
teachers, politicians, members of Parliament, ministers, from whom tight
money removes their freedom, are exploited people.
payers of interest to the bankers for an astronomical debt, are
the noble-minded souls, who immolate their ideal in front of a salary,
for a minimum standard of living, are exploited people.
all of these exploited people are the victims of the tight-money system.
present monetary system therefore favours exploitation in all its forms.
the present monetary system corrupts souls.
are those who are prepared to quiet their consciences to earn a living.
There are those who have become capable of assassinating their
neighbours with great calm, in order to live under a tight-money system.
many businessmen have robbed their competitors and others because they
would not have been able to withstand competition without doing so! How
many professionals have immolated their science and art on the altars of
comfort and the desire to live according to their rank! How many public
officials have sold their country to buy economic security for
themselves! And all these guardians of noble principles are ready to
shrink the absolute to the scale of their comfortable lives!
corruption of souls is so profound, because of the tight-money system,
that it has become a moral law, a philosophy of earning money as the
goal of human life:
will be educated to earn more money. You will choose such and such an
occupation because it pays more. You will leave your wife and children
to go earn a living. You will study the techniques of selling so as to
extract more for a service of less worth. You will assassinate your
neighbour because you have to live. Let us not give money for nothing;
it would make lazybones. Money must be earned painfully; otherwise men
will not love the good Lord. Business is business. Make your family
suffer to put money aside. One must not mix business with his private
life: this is an excuse for all kinds of treason. Etc.
these false precepts are currently used because money is scarce! This is
the way the present tight-money system holds humanity in servitude. The
human person bows in adoration to the golden calf that has been
substituted for God. The principal object of his preoccupation is money.
Diverted from its end
monetary system is organized in favour of other objectives than its own.
monetary system must have one objective, and only one, namely: to make
the sale of products easier. That is all.
monetary system that pretends to reach other objectives is bad. Just as
a car which is made to transport passengers, and which would try to heat
up a house, would be a bad car and a bad furnace.
is the car that transports. It is the furnace that heats. The car that
is well fitted to its objective to transport and that transports
well, is a good car. The furnace that is well fitted to its objective
to give heat and that gives good heat, is a good furnace. Let us
ask of these two things nothing but to fulfill their functions, and let
us take the necessary steps to achieve this.
Only Social Credit subjugates money
do modern reforms propose to do to remedy this awkward monetary system?
nothing, nothing. In general, the reformers reform everything except
these reformers who suggest monetary reforms, carefully avoid specifying
what these reforms are.
the Social Crediters advocate sound money, based on real wealth, created
debt free, and reaching the consumers.
money will make the sale of products easier; it will no longer lead to
war; it will make production work to fulfill the needs of families; it
will dethrone the exploiters; it will free men from their slavery, and
consequently favour the practice of virtue, since virtue involves free