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| Democrats for social credit are committed to: | |
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• Establishing a Local Authority Loans Board to fund capital works and infrastructure projects approved by local communities, with grants, nil-interest and low interest loans from the Reserve Bank.
• Promoting an International Clearing Union with export credit accounts for trading among member nations.
• Abolishing GST in favour of a simpler and fairer Financial Transactions Tax (FTT), set at a low level (0.01%) and collected at point of withdrawal.
• A Basic Income, payable to every New Zealand citizen, to progressively replace the welfare system.
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| Democrats for social credit will require: | |
• That the Reserve Bank be sole provider of new money, made available to trading banks at a service charge only.
• That the Reserve Bank be answerable to Government.
• That the Reserve Bank be responsible for seeing that the overseas debt is repaid and overseas transactions are in balance.
Contact: John Pemberton Mobile 021 716 895
Finance Spokesman
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Website authorised by: Peter Ferguson, 21 Okoroire Street, Tirau 3410 |