The Origins of Social Credit
Development of modern banking has resulted in nations losing the power to issue most of their own money. The financial system, worldwide, is based on debt.

DSC supports global movement to protect human rights

John Ring, Democrats for Social Credit Party spokesperson on Foreign Affairs and candidate for Wigram has announced that he has signed the Statement of the Global Movement for a Binding Treaty on the Party’s behalf.


"The proposed treaty hasn't been named yet: its purpose is to ensure that transnational corporations are bound by international law to respect human rights.


"There are already a number of international agreements that require governments to respect human rights, but many so-called trade agreements give transnational corporations steadily increasing powers. Some corporations are more powerful than governments, so it’s important to make sure that they too must respect human rights.


"There is already a long history of transnational corporations misbehaving, particularly in third world countries, and there have been various proposals to regulate them - going back to 1972, when it was revealed that ITT had, together with the CIA , plotted a coup in Chile.


"Since 1998 UNCTAD's  Sub-commission on the Promotion and Protection of Human Rights has been examining the effects of transnational corporations on human rights. In 2003 it proposed a set of norms for transnational corporations, but this had no legal standing.


"In 2005, then-UN Secretary-General Kofi Annan appointed Professor John Ruggie  as the UN Special Representative of the Secretary General on the issue of human rights and transnational corporations and other business enterprises (SRSG). This ultimately resulted in a set of guiding principles, which were in fact weaker than existing international law, and were never taken any further.


"In September 2013 a group of countries issued a statement that “increasing cases of human rights violations and abuses by some Transnational Corporations reminds us of the necessity of moving forward towards a legally binding framework to regulate the work of transnational corporations and to provide appropriate protection, justice and remedy to the victims of human rights abuses directly resulting from or related to the activities of some transnational corporations and other businesses enterprises”.


"In November 2013 a statement along similar lines was signed by 140 civil society groups.


"As a result, an intergovernmental working party was established.


"The statement that the Democrats for Social Credit Party has signed is more recent, and much more detailed than the earlier civil society statement.”




Contact:  John Ring, Foreign Affairs Spokesman, Wigram Electorate candidate   Mob 021 208 1277


Details of the statement can be found at:  and clicking "Download statement of the global movement for a binding treaty".



Published: August 2017

NZ Democrats for Social Credit Party Conference on 16/17 June at Quality Hotel Elms in Christchurch
Website authorised by: Anne Leitch, 42 Reyburn House Lane, Whangarei 0110
© Copyright 2018  NZ Democrats for Social Credit