Me: I’m all for public banks, but the change from private to public banking doesn’t enable the kind of total problem resolving and temporal universe change as a change in the nature of credit ITSELF…from Debt Only to Debt and Strategic Monetary Gifting. A change in CONCEPT is a change in paradigm because…paradigms are themselves concepts…like the change from geo-centrism to helio-centrism for instance. The private banks and even a public bank will still only create money as debt. Again, the only way to break up their monopoly paradigm concept of Debt Only is to integrate the new monetary paradigm concept of Gifting…into the Debt Only current system…like with a 50% Discount/Rebate policy at retail sale. That way a $500k house is discounted to $250k and the government or central bank rebates the entirety of the discount back to the home builder so they are made whole on their entire price. And then, as your monthly mortgage payment is the retail point of Finance, the government or central bank pays for 50% of your monthly payment so you get a $500k house for an equivalent mortgage payment of a $125k loan. Nice huh? But wait, the benefits don’t stop there. For instance make the 50% Discount/Rebate include all sales taxes and the non-sovereign state, county and local governments get 50% of their revenues paid by the federal government…Not you…and with GIFTED money…NOT debt. Inflation? Getting $100 worth of groceries for $50 and a $500k house for the equivalent of $125k is a funny kind of inflation called beneficial price and asset deflation.

DP: Canada’s central bank went from private to public in 1938. Since then its money creation went from about 50% of the economy, to 23% in the early 1970’s, to less than 5% today. Form, follows function, follows form etc. Without the proper feedback structure, it’s only a matter of time before regulatory capture results in less public consideration. Just like the CDC and FDA, as was recently exposed.

In the U.S. binary economics ties credit creation to the INDIVIDUAL through Section 13 of the Fed Reserve Act, the discount window. 0% interest loan, only for the purchase of shares in existing or new productive proper, onetime bookkeeping fee, collateral by insurance.

You can start with 2 minute video, watch the 10 minute video on the Economic Democracy Act on the home page at gjmer.org

My home province has an institution far superior to the Bank of North Dakota, the other publicly owned ‘state’ bank in North American. It is the Alberta Treasury Branches, designed by REAL social crediters. Alberta autonomy or independence can lead to this shaking off the Supreme Court of Canada ruling against money creation.

Me: Dan, Did you see my post above? The 50% Discount/Rebate at retail sale is an innovation of Douglas’ Compensated Retail Price and is a full concept/paradigm change in the economy and money system. Douglas was way ahead of everyone else with Social Credit, but like virtually everyone he lived within his present cultural horizon with classical economics’ orthodoxy of general equillibrium and hence never considered a high percentage CRP. Also, he preceeded Kuhn’s analysis of paradigms/operant concepts.