tag:blogger.com,1999:blog-8034502598374278191.post7300518033614267095..comments2023-05-29T05:43:00.444-07:00Comments on Joseph & Michel Ferraye pour Sa Justice: Interest in the Church ? Homily by J.-N. ChabotUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8034502598374278191.post-22903608390331057372008-09-28T13:38:00.000-07:002008-09-28T13:38:00.000-07:00"The rapturous iconoclasm of certain groups of mon..."The rapturous iconoclasm of certain groups of monetary reformers', to whom Usury", the sparring-partner of the bankers "inflation" is the Scarlet Woman of Babylon, has had the inevitable effect of encouraging the financial authorities to abolish, for practical purposes, the interest paid on undrawn current balances, and deposit accounts. We do not say they would not have done it anyway - the one thoroughly sound feature of the banking system was its dividends to shareholders and its interest payments to depositors which I jointly with the insignificant mint issues, provided almost the only fresh unattached purchasing-power. It is obviously lost time to beg of our amateur currency experts to consider whether they really mean what they ask, which is, the replacement of unattached purchasing-power by loans. But they must not complain if we, and others with us, regard them as propagandists for totalitarianism. "<BR/>C.H. Douglas "The Social Crediter" , Oct. 27, 1945.Socredhttps://www.blogger.com/profile/03930579002329295431noreply@blogger.com