We'll put in place

an economic system

that's better for people

and the planet

Chris Leitch - Leader
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Reclaim Our Future

Economic Policy Launched
$20 billion package funded from the Reserve Bank

"If this government is serious – and it should be - about supporting economic activity and avoiding deflation by a massive fiscal spending package, financing its package by issuing money in the current circumstances has impeccable support from mainstream economic thinking. More importantly, in the current context it is the correct, most efficacious way to proceed. The current government should not continue to be prisoners of outmoded, arch-conservative political doctrines."

"What the Reserve Bank needs to do now is to make clear that it can and will purchase government bonds directly from the Treasury at 0%. These funds should be used to fund the current and forthcoming economic support packages. This new money must go directly into the economy, and not slosh about the banking system."

Experts say 'Use the Reserve Bank"

That's what we'll do -

to issue the country's money

to help

RECLAIM OUR FUTURE

Find out how here

"Sign the petition

Use New Zealand's

own bank

to fund the Covid19 

rescue package"

 

See our full page adverts in

major newspapers here

"The government can borrow from the Reserve Bank. To be technical it's literally borrowing from itself. We just should not close off any [options] just because somebody told us 30 years ago that it was bad."

"I don’t see why we don’t jump straight to the RBNZ buying bonds from Treasury direct.

"It’s a question of how long do you wait until you get there,” he said, noting that as governments around the world issue bonds to pay for COVID-19, central banks will have to step in and buy these bonds."

"There's no reason why you don't get the Reserve Bank to effectively print the money and lend it to the government, just as the Reserve Bank did in 1935, when it lent money to the government to build state houses."

These experts want Government to 'direct fund' the economic rescue package from the Reserve Bank

We applaud the government for it's actions to
financially support people and businesses during the crisis.

But billions in government borrowing is taking place to enable that to happen.

We implore the government to access those funds direct from the Reserve Bank
at no cost to taxpayers (as recommended by the experts above),
rather than private sector borrowing.
What it's doing now means a lot of your taxes will be paying
interest and loan repayments - providing big profits
for bank shareholders, speculators, and wealthy investors.
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Find out more about the case we're taking in the High Court for a Judicial Review of the Overseas Investment Office decision to grant approval of the takeover of Westland Milk by Inner Mongolian Yili, China's largest dairy processor - 25% owned by the government of China.

And how you can support our campaign against overseas ownership of New Zealand's best agriculture and horticulture.

Social Credit Key Principles
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Businesses owned by Kiwis, employing Kiwis, benefitting Kiwis, looking after our environment

Control of New Zealand's economic affairs recovered and greater political and international independence

With increasing automation, incomes maintained so that all may share the benefits, not just those at the top

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Systems and an economy that serve people, not big corporates, overseas owners, and speculators

Every year government wastes $5,000,000,000 of taxpayer's money
paying interest on its borrowing
when that $5 billion could go into things that benefit New Zealanders.
$14 million every day, wasted because the government won't access funds from New Zealand's own bank (the Reserve Bank) at no interest.
Instead it funnels your money into the profits of foreign lenders.

We've been right all along about banks creating money. We'll restore that right to the Reserve Bank.

These experts (and many others) say banks create money out of thin air with a few computer keystrokes when they make loans.

Yet our government and councils borrow that 'funny money'. They also source funds from other overseas owned financial institutions. 

"Banks create their own funds, deposits, in the act of lending. This can be verified in many central bank statements"

Michael Kumhof

Senior Research Advisor

Bank of England

Here's what could be done with that $5 Billion every year
if the government simply used its own bank !
 We will  restore the right of the nation to create
its own money for much needed public expenditure,
using New Zealand’s own bank (the Reserve Bank)

Adam is joining Social Credit.

Find out why in 60 seconds

These people joined Social Credit.

Read why here

I'm Lisa Er – Founder of Lisa’s Hummus and Dips. I stood for the Green Party in 2008, but then walked away over philosophical differences. I'm fully in support of Social Credit’s backing of small and medium sized business as they are the backbone of our economy. As economic and climate extremes wreak havoc we must be resilient and food supply secure. Social Credit
policies could see NZ leading the world in environmental sustainability, and GE free organic food production. Widespread ownership of innovative and co-operative businesses would see profits staying here.

Lisa Er

Founder: Lisa's Hummus

Former Leader of the Awareness Party

Chris Leitch
Leader
Social Credit has always been way ahead of its time with its ideas, in particular the use of the country's Central Bank - the Reserve Bank - to fund much of the country's development. This concept is being supported internationally by economists, economics professors, world leading financial journalists and a growing body of NZ commentators. Banks like Westpac, ANZ, BNZ, and ASB currently produce 98 percent of the country's money supply when they make loans, creating that money out of thin air. This allows them to generate massive profits which are taken out of the country, adding to our overseas debt. Social Credit would reduce their ability to create so much debt and ensure the creation of our money supply was used to benefit all New  Zealanders. We urge you to look at our other innovative, forward looking policies.
Amanda Vickers Deputy Leader

Social Credit policy was way ahead of its time in 1973 and still is!

Support our efforts to create a better New Zealand

for all New Zealanders and for the planet.

Authorised by Anne Leitch, Secretary, 42 Reyburn House Lane, Whangarei

secretary@socialcredit.nz

Copyright Social Credit Party 2019