It’s official. New Zealand is now in a recession.
Appropriately, our last issue included a message entitled Heading for a Recession. In it, Democrats for social credit leader Stephnie de Ruyter stated: “A recession is an inevitable consequence of global dependence on a system which is seriously flawed. Fundamentally, this is a systemic failure. Systems are man-made and must be regularly examined for effectiveness and relevance. If a system is examined and found wanting, it should be replaced by a viable alternative.”
The flawed system is now having repercussions worldwide. The level of debt is horrendous. United States’ debt alone exceeds $48 trillion - and rising rapidly (p.6.).
The problem of escalating debt can only be solved by “a rejection of the debt-based financial system in favour of a programme of contemporary social credit monetary reform” (p.3).
In a recent newspaper article, Stephnie de Ruyter warns that unemployment and prices are rising, business profits declining, and the stagflation cycle is likely to get worse and turn into something nastier. Significantly, it was headed: “’Funny money’ no more” (p.4).
Global liquidity is now ten times world GDP and “the clear message for New Zealand is that the highly rewarding borrowing game of the past decade is over” (p.7).
People need to look beyond greed, to social and economic justice. To look for policies that strengthen communities, reward enterprise and safeguard the environment (back cover).
I remember a church billboard, which said: “Hurting? We care!” Its simple message impressed me at the time. Now, people are hurting – financially and environmentally. And we care!