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"Social Credit
would enable people
and businesses
to do what’s best for Kiwis,
our country, and our environment"
Chris Leitch - Leader
Photo credit Tomas Sobek
Click here to
Sign the petition to Stop Banks Charging Penalty Interest during the Covid19 mortgage payment holiday.
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Covid 19 Response
We applaud the government for it's actions so far 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 (that's Social Credit policy),
rather than from banks and private financial institutions.
What it's doing now means taxpayers will be funding big profits
for overseas bank shareholders and investors.
(The Reserve Bank is already 'printing money' to support the financial system)
LATEST PRESS RELEASES
Government called on to pay the
country's next rates bill
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
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
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 changed its 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
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.
Chris Leitch
Leader
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.