Social Credit - Latest News [Page 1]

Reserve Bank Should Curb Money Creation By The Commercial Banks

Thursday, 15 July 2021, 6:09 am | Social Credit

Social Credit has called the action of the Reserve Bank to curb its purchase of government bonds off the private banks a sensible and responsible move. Hand in hand with that it now needs to curb the avalanche of money creation that has been going ... More >>

Govt Should Wipe All DHB Slates Clean

Friday, 2 October 2020, 2:04 pm | Social Credit

The government’s decision to write off the debt for the Canterbury District Health Board has been applauded by Social Credit Party Leader, Chris Leitch.It is what we called for at the end of August.The crisis at the Canterbury District Health Board ... More >>

Social Credit Condemns Assange ‘show Trial’

Friday, 25 September 2020, 2:43 pm | Social Credit

The show trial for Wikileaks founder Julian Assange bears all the hallmarks of one that might be expected in China or Russia, not one by New Zealand's allies, the UK and the US. Social Credit strongly condemns the action and contends Assange should ... More >>

Controversial Westland Milk Sale Goes To Court

Thursday, 17 September 2020, 12:39 pm | Social Credit

The Government’s involvement in the controversial decision to approve the sale of Westland Milk Products to Hong Kong Jingang, a company wholly owned by Chinese conglomerate Inner Mongolian Yili, will be under the spotlight in the High Court ... More >>

Outdoors Party Candidate Resigns And Joins Social Credit

Thursday, 27 August 2020, 1:33 pm | Social Credit

The Northland electorate candidate for the Outdoors Party has resigned and joined Social Credit. Brad Flutey had already attended one public meeting as the Outdoors Party candidate. He was one of the early candidates selected by the Outdoors Party ... More >>

Capital Charge Regime Must Go

Friday, 21 August 2020, 2:24 pm | Social Credit

The crisis at the Canterbury District Health Board highlights the stupidity of health boards being in debt to the government and requiring them to pay a capital charge for the land and buildings hospitals occupy. While the problem may not be of the ... More >>

Call For Govt Buy-out Of Aluminium Smelter

Tuesday, 14 July 2020, 7:33 am | Social Credit

Social Credit is calling on the government to step in and purchase the Tiwai Point aluminium smelter and turn it into an SOE, issuing non tradable shares to every New Zealand citizen. It should offer just $1 for the purchase and then plough money into ... More >>

Potential ISDS Problems Post Covid-19

Monday, 29 June 2020, 12:41 pm | Social Credit

"The presence of investor - state dispute settlement provisions in international treaties is likely to cause major problems in the post - Covid 19 world," John Ring, Social Credit Spokesperson on Foreign Affairs, said today. "One of the ... More >>

Orr Challenged To Provide Evidence

Thursday, 28 May 2020, 6:04 pm | Social Credit

Social Credit leader Chris Leitch is calling for Reserve Bank governor Adrian Orr to produce the specifics on why he claims current legislation governing the Bank would prohibit it from “money financing” - creating money to finance emergency ... More >>

National’s Stance On Benefit Payments Hypocritical

Tuesday, 26 May 2020, 4:15 pm | Social Credit

For the party with a long established record of cutting benefits, aiming for balanced budgets and promoting strict fiscal responsibility, National’s bleating about unemployment benefit payments being unfair is the ultimate in hypocrisy. National is crying crocodile ... More >>

Bagrie’s Solution An Own Goal

Thursday, 14 May 2020, 7:43 am | Social Credit

The suggestion by former ANZ bank chief economist Cameron Bagrie that the retirement age should be raised to help with the government's fiscal repair job seems like a massive own goal. What Mr Bagrie is suggesting is that older people will be required ... More >>

New Health Funding Applauded

Tuesday, 12 May 2020, 2:47 pm | Social Credit

The additional $4 billion in health funding and an increased budget for Pharmac are fantastic moves which Social Credit has been calling for, for a long time. In 2018, nurses went through a prolonged series of strikes in order to get better wages ... More >>

Economic Policy Launched

Friday, 8 May 2020, 4:37 pm | Social Credit

Social Credit has released a $20 billion economic policy programme for this year’s general election. Reclaim Our Future will be launched with full page advertisements in major newspapers on Saturday. As the country moves out of the Covid-19 lockdown, ... More >>

Boards, Top Executives And Politicians Need To Take A Cut Too

Tuesday, 7 April 2020, 11:32 am | Social Credit

He Waka Eke Noa – We are all in this together, according to the Prime Minister. Except that we’re not…………………….. After pressure from employees, Fletcher Building executives have shown the way with their decision to take a 30 ... More >>

Government Called On To Pay The Country’s Next Rates Bill

Thursday, 2 April 2020, 9:20 am | Social Credit

The government needs to step up and pay the next rates instalment to councils on behalf of property owners and businesses as part of its economic support package. People are facing unprecedented financial stress directly due to the measures implemented ... More >>

No Cheques At Kiwibank Exposes Senior Customers To Covid-19 Risks

Monday, 23 March 2020, 11:04 am | Social Credit

In a letter sent to Kiwibank CEO Steve Jurkovich and board chair Jon Hartley today, we have called on Kiwibank to re-instate the use of cheques as a method of payment to lessen the risk of its senior customers being exposed to the Covid-19 virus. International ... More >>

Bernard Hickey Recommends Using Social Credit Economic Policy

Thursday, 19 March 2020, 3:20 pm | Social Credit

In May last year Treasury suggested the government and the Reserve Bank might have to consider ‘unconventional tools’ like Quantitative Easing and helicopter money, both of which are similar to Social Credit economic ideas. The Reserve Bank this ... More >>

Banks Should Suspend Customer Payments On All Loans

Thursday, 19 March 2020, 10:38 am | Social Credit

The country's banks should suspend customer payments on all loans, overdrafts, and other advances for a minimum of three months commencing 1st of April. This should include all finance companies owned by or attached to any of the banks. Interest ... More >>

Recovery Package Could Have Cost Taxpayers Zero

Tuesday, 17 March 2020, 3:40 pm | Social Credit

Taxpayers will directly fund bigger profits for the shareholders of banks and other overseas financial institutions as a result of the economic rescue package just announced. Taxpayers already pay approximately $4 billion dollars every year in interest payments ... More >>

Reserve Bank’s ‘unconventional Tools’ Needed Now

Monday, 16 March 2020, 12:57 pm | Social Credit

The Reserve Bank needs to dig into its arsenal of ‘unconventional tools’ now and start directly purchasing new government issued bonds. That would provide the government with a source of debt-free zero-interest money that it could use to fund ... More >>