How to apply Social Credit locally
A simple system to exchange goods and services
How you can open a local debt-free bank with the use of simple
cards
by Francois de Siebenthal
The following is a lecture given by Mr. François de Siebenthal –
an economist and Filipino Consul in Switzerland – at our
headquarters in Rougemont, Quebec, Canada, in March, 2005. Mr. de
Siebenthal demonstrated to those present on how easy it is to open
a local bank with just the use of simple cards.
Mr. de Siebenthal had gone to Madagascar with Mr. Marcel
Lefebvre, to the Philippines with Mr. Melvin Sickler, and to Poland
with Mr. Janusz Lewicki to explain this system to various
interested audiences. In fact, Social Credit is no longer only a
theory, but is put into practice in these countries, with local
debt-free banks multiplying.
In an age where the use of the microchip is becoming a real
threat, this is certainly one way one could exchange one’s goods
and services without having to bow down to the use of this
microchip. Why not read and study what knowledge Mr. de Siebenthal
has on this subject. It could prove to be very useful in the
future!
A simple bank
I will speak to you now just to teach you how to open a local
bank with the Social Credit principles. It is very easy to do and
everyone can do it.
It was already done in past history, especially small banks in
Switzerland. And those small banks, local banks, were done by
farmers. The banker is a farmer, the bank is in a farm house, the
customers are farmers, and the owners of the bank were and are
farmers. These little banks, put all together, in Switzerland, make
the third largest Swiss bank actually in operation with the best
ratio and the best management because the costs are very low. Being
the banks are very small and in small houses, and because you do
not need big armour cars and security personnel, these banks are
very efficient. These little banks can also be found in Austria and
some other countries.
The tragedy of debt money
You know that money comes from debts with interest rates, and
you know that all the theory of Social Credit is true, and that
interest kills. The statistics of the International Labor
Organization in Geneva state that every day you have 5,000 people
dying at their work places. That makes more every day than the
people who died in the Twin Towers. Every day! That means that
because of capitalism and because of exaggeration in productivity,
you have every day 5,000 people dying on the work place. And I do
not count all the stress, all the psychological problems, the
suicides, alcoholism, the drugs, the children at home without the
parents because the father and the mother are both working.
Now, with our system, you can imagine that a system without
interest rates will save a lot of money. It will save at least
three hours every day for each one of you, it will cut the prices
by half, and it will give the houses 77% more space because the
interest rates are taking a lot of productivity in the whole
world.
So now I am teaching you how to found a bank. These banks were
already founded in Switzerland, in Madagascar, Africa, in the
Philippines, in Poland, and in Canada. These banks have had such a
success that now the World Bank and the International Monetary Fund
are already attacking these banks. In the Philippines there are
already attacks in the government and in the newspapers. That means
this system is interesting and the forces in front of us are
already attacking this kind of banking system.
Where to start
How do we make such a bank in a country? What we did first was
to listen to the people. What are their real needs? What are the
real needs in Madagascar? What needs, the real needs, the basic
needs just to survive, because in most of those countries the
people do not have enough to live. Then listening to them, we learn
too the mentality of those people. We have to adapt to the culture
and the local mentality.
Social Credit is really the answer to the real needs, the basic
needs of those poor countries. After having listened to the people,
we tell them that we have something that can help them; it is not a
magic wand that will give them paradise on earth, but it is a
system that will guarantee each individual access to the basic
necessities of life and allow the poorest countries to make use of
their resources to help their own population.
The main thing is to look for the Kingdom of Christ and His
justice: “But seek first the Kingdom of God and His righteousness,
and all these things will be given you besides.” (Matthew 6:33.)
This is really what we are doing here with this local exchange
system; we are dealing with justice, the justice of God. Work for
justice, and everything else will follow!