Tag: saint michael

As we can see, with natural resources, workers, and a bit of common sense, there is no financial problem.

But when shrewd exploiters want to regulate economic activities according to their power and their profit, there there financial problem arises.

Of course, minds in search of arguments to justify the present regime will say that Guernsey was only an insignificant small island; that the control of the volume of money by the representatives of the people is good for a small country, but not for a big country.

All right. Take note of what these gentlemen object to you today. Next week, these same gentlemen will tell you that the mone problem cannot be solved properly in a small territory or a province, but must be brought to a federal or even an international level!

It was not Social Credit yet in Guernsey from 1820 to 1836. No doubt that the development of that time and that place would not have allowed to go as far as to give a dividend to consumers. But it was already a non-debt-bearing national currency, issued in accordance with the possibilities in front of the needs.

The issues of national currency by the States of Guernsey caused neither inflation nor idleness. They created activity and prosperity. But these issues did not make any slaves, and that is why the bankers intervened.

SAINT MICHAEL JOURNAL