Everything rotten and sick about society can ultimately be explained in the Biblical reference: "The love of Mammon ( Money) is the root of all evil."The Government must assume its duty to create and issue its own credit. Our aim is to free the individual, the family and the nation from the economic treadmill.

No nation can be truly free unless it has control over its own banking system. International banks control all nations that do not have their own State banking system. The international banks can decide if a nation gets credit and can tell a nation what economic policies to follow. This happens continually when the International Monetary Fund demands that nations privatise their economies in return for loans. Massive hardship is often the result.

If private banks can create credit as an interest bearing debt for profit, a State bank can create credit as a public service at low interest.

The 1935 First Labour Government was brought to office mainly on the promise of implementing a state credit system of banking. Although, as usual, it failed to live up to its promises, causing the celebrated MP John A Lee to quit in disgust, the Government banking policy so far as it was implemented worked an economic miracle. In 1949 the Ministry of Works explained hoe the Government funded its famous Staten Housing projects in a publication, STATE HOUSING IN NEW ZEALAND.

"Reserve bank credit: To finance its comprehensive proposals, the Government adopted the somewhat unusual course of using reserve Bank credit, thus recognising that the most important factor in housing costs is the price of money – interest is the heaviest portion in the composition of ordinary rent. The newly-created Department was able, therefore, to obtain the use of funds at the lowest possible rate of interest, the rate being 1 per cent for the first $10 million advanced, and one and a half per cent on further advances. The sums advanced by the Reserve bank were not subscribed or underwritten by other financial institutions. This action showed the Government’s intention to demonstrate that it is possible for the State to use the country’s credit in creating new assets for the country."

"NEGATIVE WEALTH"

"Negative wealth" is the term for those apparently prosperous New Zealanders whose wealth is an illusion and who have more liabilities than assets. A major factor is mounting credit card debt. Reserve bank figures for June 2004 stated that $4 billion was owed on credit cards. The average credit card interest rate is 18%, reaching up to 22% on the outstanding balance.

You think you are "free" ? You are a slave to the banks, just as entire nations are enslaved to the world banking system.

Such high interest rates were once condemned as "usury" (exorbitant profit on loans) and outlawed sometimes on pain of death as a sin against God. Today it is respectable banking practice.