vendredi 1 mai 2009

How to apply Social Credit locally

On Fri, May 1, 2009 at 9:31 AM, XXX wrote:
Dear Francois de Siebenthal,
I have only just discovered Social Credit, and am particularly interested in local community/commune implementations, as this could be a foundation for building up to the national level. Starting at the national level hasn't so far worked, because the politicians there are servants of the private debt-money system.

From what I can see, your local community approach seems to be the only example of the practical implementation of social credit. Are the projects you started in the Philippines, Switzerland and other countries still running? Are you still active in helping to set up local community implementations?

With kind regards,


John Perkins's classic exposé, Confessions of an Economic Hit Man, gives many proofs that the hidden people in power will not accept social credit from the top.

John Perkins, from 1971 to 1981, worked for the international consulting firm of Chas T. Main, where he was a self-described "economic hit man." He is the author of The Secret History of the American Empire: Economic Hit Men, Jackals, and the Truth about Global Corruption.
Many historical facts are presented like the Iraq War or the Control of Panama Canal, it is proven that if top politicians refuse to be bought, they send people blame and diffame or even to kill and make wars, free minded top politicians are forbidden...The last step is the war...
Three decades ago the moves to nationalize the Panama Canal by President Torrijos's father, General Omar Torrijos, met with enormous resistance and his death by Jackals...
Former Ecuadorian President Jaime Roldos died on May 24, 1981. Less than three months later, the leader of Panama, General Omar Torrijos, also died in a plane crash.



Well, there's no question in my mind that both Jaime Roldos and Omar Torrijos were assassinated by CIA-sponsored jackals. When we economic hit men failed to bring these people around, to corrupt these presidents, we knew that standing in the shadows were the jackals. And they either overthrew governments or assassinated leaders. And so, although it was deeply, deeply disturbing to me, I was not terribly surprised when this happened.

I liked both of these men tremendously. I knew Torrijos especially well and was a great admirer of his. And I was caught in this very, very difficult situation, because my job was to corrupt him, and I really respected the fact that he wouldn't be corrupted. It gave me great hope. In fact, it changed my life. It got me out of being an economic hit man. On the other hand, I knew that if I wasn't able to corrupt him, something dire was likely to happen.


So not only did THEY assassinate his father, Omar Torrijos, but later THEY went in and took out Noriega, killed maybe two to—at least 2,000, maybe 6,000, innocent Panamanians, bombed the country. And after that, any president that came along, no matter what his true belief system was, would know that he was a target that the United States was watching very closely.
In the aftermath of the JFK assassination, the Watergate Caper, Iran Contra, and Mena, Arkansas, Torrijos, Roldos, Bechir Gemayel, Rafic Harriri, Ferdinand Marcos...

John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. "Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars," Perkins writes. Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations.
This information, tied together with G. Edward Griffin's work, The Creature From Jekyll Island, goes a long way toward identifying the puppetmasters in our world, and why we are on a path of massive self-destruction.

John Perkins was interviewed by Leonard Lopate on WNYC Radio in New York. You can listen to the interview and make your own decision about John's book.

Note: Although many other books have been written about how U.S. aid policy has been used as a means of manipulating foreign countries, the fact remains that John Perkin's book is from an insiders perspective. It exposes the truth behind how corporate greed has hijacked U.S. Foreign Policy. You can find many more books on the facts and history but for a sound, engaging critique read it.

Alberta is a trial from the middle ( provincial level in Canada ) but they killed this experiment.

As Wally wrote: "The Alberta Social Credit Party and the Alberta Social Credit League were controlled by the same people and both were infiltrated and subverted beginning almost immediately upon the death of William Aberhart and the ascension of the Manning Government.  That is one fatal weakness of a Political Party in that is is a centralized focal point that is highly susceptible to intrusion by hostile elements."

The last way is bottom up, as the swiss history proves to be the best way.

You can all be swiss, and work on the communal way, as privates "clubs", with your own local ways...This is the main reason of the actual world plot against Switzerland, because we are the last proven other working solution to the actual mess they planned on purpose to rule this world centrally...

This local way is a success everywhere, go local, but be ready to resist to vicious ways from the dark forces...( see our articles of associations and the way canadians have resisted with success to infiltrations...  )

We need more means to spread these good news for the poorers, can you join and help us ?

John Perkins is a whistle-blower and an American patriot for coming clean on the hidden evil system unknown to most.

A shocking revelation into who the real terror organization is.

How to apply social credit locally now.

Odious money creation through private debts with interests,
odious and impossible contracts, then VOID, the effect of revolving credits on time.

20 % interest ( cost of credit cards with fines for late payments, 28,8 % in Canada,,,)

after 4 years, double to pay.

6 years, triple to pay...

20 years, 38 times to pay...

Official creation of money at interest...

croissance de la dette

You can begin this local system now and free yourself from this odious official system, as it woks now in Madagascar with 2'500 rice banks. The real value is in the rice seeds stocked in a communal rice bank built in every village. Less local usury.

Mr. Raso Zanamanga, 52 years old, "poor" peasant Malagasy, is co-owner of a bank as in Switzerland.


I live with my husband and six children to Antsahabe, a highland village at 1200 meters. In Madagascar, the life of small farmers is difficult. We grow mainly rice and cassava, as well as some corn and vegetables. For eight months, we can feed ourselves through our crop but hunger begins with the arrival of the rainy season. We call this season the period during which we must bury the spoon.
Before we were hungry each year.

We were forced us into debt with loan sharks dishonest. After three or four months, we had to pay back 4 times the amount borrowed rice or cassava for each harvest!

Thus, much of the harvest was in fact the lenders and we had missed during the next famine.
(Editor's Note: For 3 harvests per year, more than 1,000% annual interest rate ...)

Some farmers have even lost their land they lost out to pay their debts.

Thanks to the support of the Swiss Catholic Lenten Fund, our life has changed. With Yveline, Coordinator, Women Antsahabe and I are able to build our own savings.

Each year we put aside about half a tonne of rice ... and avoid the vicious circle of debt !
The partner organizations of the Action of Lent we guide and support us to launch other activities. Thanks to our economies, we can put our children at school, have clean water and improve sanitation. "

Swiss have helped to create some 2,500 local rice-banks in Madagascar,  and helping 45 000 families improve their lives

A simple system to exchange goods and services
How you can open a local debt-free bank
with the use of simple accounting cards
you can print yourself or buy in a bookstore.

by François de Siebenthal, Switzerland

The following is a lecture given by Mr. François de Siebenthal — an economist and Consul General of the Philippines in Switzerland — at our headquarters in Rougemont, Quebec, Canada, on March 2005. Mr. de Siebenthal demonstrated to those present how easy it is to open a local bank with just the use of simple cards. Mr. de Siebenthal has gone to several countries 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 a way in which one could exchange goods and services without having to bow down to the use of this microchip. Why not read and study what Mr. de Siebenthal has on this subject. It could prove to be very useful in the future!

A simple bank

I will now just to teach you how to open a local bank using Social Credit principles. It is very easy to do and everyone can do it.

Already in past history, small, local banks in Switzerland were established 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 together in Switzerland, make up the third largest Swiss bank actually in operation with the best ratio and the best management because the costs are very low. Since the banks are very small and in small houses, and because you do not need big armoured cars and security personal, these banks are very efficient. These little banks can also be found in Austria and some other countries.

The tragedy of debt money with interests

You know that money is created in the form of debts with interest rates, and you know that 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 in 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, suicides, alcoholism, drugs, 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. ...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 are the needs, the real needs, the basic needs just to survive, because in most of those countries the people do not have enough just to live. Then, after listening to them, we also learn the mentality of these people. We have to adapt to the culture and the local mentality.

Social Credit is the answer to the real needs, the basic needs of these 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 an 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!

A Christian coin

At this point of my talk, I would like to show the 5-franc coin that is currently in circulation in Switzerland. (See picture above. ) On one side, one can see the Swiss cross, which represents the Kingdom of Christ, and on the other side, social justice is represented by William Tell, the Swiss national hero and liberator of the poor and of the oppressed. On the edge, one can read these Latin words: " Dominus providebit — God will provide", which specifically refers to the verse of the Gospel of Matthew mentioned above.

In all our meetings to organize local debt-free banks, we need to remind people that God does provide, that He is indeed very generous. In the Philippines, for example, they can raise three crops of corn. If you take one seed of corn, this seed will give you three stalks which will give you around 200 seeds. So if one gives you 200, then ten gives you 2,000; one hundred then gives you 20,000. Three crops per year (20,000 X 3) yields 60,000%. And the banker will probably give you 6%. This means that God is indeed generous.

There are fish in the sea you can fish. With the earth, you can till, and the earth is very generous. You know that the earth could feed many times the world's population. It is not a problem of food but a problem of distribution. Then it is important to remember how the earth is generous and that there is enough room for everybody on this earth.

In Switzerland, as I told you, this system of small banks is working. There is also another system in place: a parallel money called "wir", the German noun signifying "we" in English. This involves a notion of community. This money has bee in existence since the 1933, created during the crisis, and it is working very well. It is parallel money. Few know about this money. Switzerland, the poorest country in the world as far as natural resources are concerned, is one of the richest countries in the world because of its organization of small banks and this kind of parallel money.

Usury is condemned by the Church

You know too that the Church, the Catholic Church, has always condemned the charging of interest on the loan of money, calling it usury. As a matter of fact, the social doctrine of the Church, which supplies principles of justice to be applied in human activities, is probably, amongst all the teachings of the Church, the part that is the least known. And the least known part of this social doctrine, the best kept secret, is certainly the encyclical letter Vix Pervenit, issued in 1745 by Pope Benedict XIV, and addressed to the Bishops of Italy, about contracts, and in which usury, or money-lending at interest, is clearly condemned. In 1836, Pope Gregory XVI extended this encyclical to the whole Church. The text of this encyclical was destroyed in many countries of the world just to hide this most well-kept secret of the social doctrine of the Church. It states:

"The kind of sin called usury, which lies in the loan, consists in the fact that someone, using as an excuse the loan itself — which by nature requires one to give back only as much as one has received — demands to receive more than is due to him, and consequently maintains that, besides the capital, a profit is due to him, because of the loan itself. It is for this reason that any profit of this kind that exceeds the capital is illicit and usurious.

"And in order not to bring upon oneself this infamous note, it would be useless to say that this profit is not excessive but moderate; that it is not large, but small... For the object of the law of lending is necessarily the equality between what is lent and what is given back... Consequently, if someone receives more than he lent, he is bound in commutative justice to restitution..."

What you need to start a bank

The principle is the same as in the tale of "The Money Myth Exploded": an account is created for each member of the community, since the conception.

To establish a local debt-free bank is very easy. You just need small sheets of paper or small booklets, which we will call the accounts, and a general ledger. In fact, we will do exactly like the five people in the tale of Salvation Island (The Money Myth Exploded), who realized they can create their own money. (See n . 17. )

The following system will therefore allow any community or village to make financially possible what is physically possible in that community, that is to say, to create as much money as they need to exchange goods and services. Just like in the tale of "The Money Myth", you can first use a blackboard and a chalk to explain the system to the people gathered in front of you, who wish to be part of this local bank and exchange system.

Then you distribute to each member of the community a small card, which will be their bank account. (See Figure 1, a blank card.) You can use any bookkeeping card, small enough so it can be put in your pocket, in your purse. This will be the money and, at the same time, the way to create local money without interest. It is very important to state: without interest!

Figure 1 — Blank card

You distribute pens in the poor countries because, many times, they do not even have pens, and you write on the card the basic personal information: your name, your address, your card number (which is the same as your bank account number), your birth date and signature. The signature proves that you are the owner of this card; even if you lose it, nobody else can use it, for as you will see later, your signature is required on the cards — yours and that of the person with whom you are exchanging goods or services — every time you make a transaction.

If they are very poor and illiterate, you can use a piece of tissue with small threads (one for every person of the local community) across small squares drawned on the fabric, representing the names or the professions, threads with same length on each side of the tissue, under are the outs, above are the plusses of money, and they measure the money and keep a trace with a knot on each rope, one above for the seller, one under for the buyer. You can measure with a ruler or the thumb, and you define together the value of the space between the knots. The first plus is the dividend represented by a knot above and equal for each one, since conception.

To be even simplier, you can just put a thread across and in the middle of the debit/credit card for the illiterate, they will do knots according to the value negotiated of their needs ans as soon they have a friend litterate, he will report on the card. To know your credit, you just need to put both end of the thread together and you will see if the knots of the pluses are above or under the knots of tne minuses.

The first thing to do after these cards are distributed is to give numbers to the people. That means that everyone that is in the room should be allocated a number, one after the other. The first row can have the number 1, 2, 3, and so on. Everyone says the next number in sequence and everyone writes his number on his card. One person in charge of the ledger for the community writes all the names in the ledger with the corresponding account number. This will be your bank account number. It is like a football team — you give a number to everyone, and this number matches the name on the card.

Depending of the level of development in the community, you can add your phone number and e-mail address, if applicable. You can also mention your trade (present occupation) and other jobs you could do or services you could offer. This information can be used if one wants to create a catalogue of all the goods and services offered in the community. On the back of the card, there is the address and phone number of the local bank.

Now, in the other columns, you have the date, the reason of the transaction, a column to show the money you spend (money out of your account), the account number and signature of the person with whom you are transacting, and a column for the money coming in to you. You can see that this is very simple .

An illustration

Figure 2 — Tom Smith's card

Now to understand better how it works, we have an example you can look at. (Figure 2, Tom Smith's card.) The first amount written down on your card will be an effective implementation of Social Credit: a social dividend, given periodically (once a month) to every member of the community, representing their common heritage in the wealth of the community (progress, life in society, natural resources). This amount is to be determined by the community, and must cover the basic necessities of life. So, on the first line, you see a date, the reason (a dividend), nothing in the money-out column (you draw a line; it is money that you receive, not money that you spend), the number and signature of the person giving you that money (in this case, the signature of the local bank or its director, and for the sake of the example, the number "0" was allocated to the bank.) And on the last column, money in, $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­100 is inscribed. The bank has given you a dividend of $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­100. This transaction has also been inscribed in the ledger of the bank .

Now on the second line, let us suppose that Tom Smith wants to buy from Paul Jones 50 kilos of apples, for a cost of $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­50. So you have the date of the transaction, the reason (purchase of apples), the amount you spent ($­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­50), the number and signature of Paul Jones who sold you the apples (Paul Jones, for the sake of this example, was allocated account number 2.) Paul Jones signs his name on your card, and you sign your name on his card.

Figure 3 — Paul Jones' card

Every transaction always involves two cards, therefore two signatures. So, a purchase for you on your card, will be a sale for the other person involved in the transaction on the other card. If you look at Paul Jones' card (Figure 3), the reason of the transaction will be "sale of 50 kilos of apples"), and the $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­50 will be written in the column of the money-in, not the money-out. And Tom Smith's signature will appear at the end of the line.

Now, let us suppose Paul Jones has a chair that needs to be fixed. He knows that Tom Smith is a carpenter. He goes to see him, and Tom Smith agrees to do the job for $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­10. So you will have on both cards the reason of the transaction (chair fixed), with the amount ($­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­10) written on each card — as money that comes in, on one card, and money that comes out, on the other. And the examples could go on and on.

This system is presented to the people for the first time during the meeting for the foundation of the local bank. The best thing for you now is to train yourself with such a card. When the cards are distributed, you put your name on the card — you do not need to put all the other details. And you make transactions with your neighbours. You buy and you sell. And you will see that you have now in your hand the same money-creation system that the banks have; they do the same in computers and ledger books in accounts in banks, but it is without interest that you do your transactions.

Now train yourself for a while with your neighbours on how to create local money. This period is very important, and you will need to give at least 15 minutes for this training period, until everyone in the room has understood. It is very important! In the Philippines, the young people went to the old people to teach them, some of them not even being able to read or write. But they were able to understand the system because it is only figures. Even if they do not know how to write letters, they know how to write numbers.

You have a contract every time you create money. You have, at the same time, the proof of a contract, a commitment with the signature, and the number to double check the signature.

You are in control

And you control the system. Money creation is under your control and under that of your local community. You know each other and you can create as much money as it is necessary for your needs. So what is physically possible is now financially possible. Your community will never lack money .

This system you have now used is the same system that the banks use to create money, but you control it! And you control it without interest! It is very cheap. It is efficient. You can create any amount of money according to the available production and services. You can exchange any number or kind of goods and services. And you are in control. You own the money-creation system.

And it is even more efficient than the actual system because it costs a lot to print bank notes. Just one line of printing machines with special ink, special paper, etc. costs $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­100,000,000 US, and you save this amount with this system. And it is even better than a bank note because you have your name on it. If you lose your card, someone will phone you telling you he found your money. And this person who finds your money can do nothing with your money because your signature is needed. It is really your money.

You cannot dispossess someone who has lost his money. If the money (the card) is destroyed by fire or other means, you can reconstruct a card using information from other cards. All cards are consolidated in the local bank ledger. This means that if your bank card is destroyed, you can reconstruct your bank card with the accounts of the others because the other cards have your card number for every operation they did with you. You can rebuild your accounting books and reclaim your assets; an even better method than the actual system with bank notes. And you have, naturally, no interest. This means every transaction will be cheaper in the community because, today, interest rates kill people .

To own a bank

In my presentation to start a new bank, I say to the audience: "So, do you want to be the owner of a bank? Yes? Who does not want to be the owner of a local bank? I assume that everyone wants to be the owner of a bank. You can be the owner of a bank, like we did in the Philippines, Madagascar, Switzerland, and Poland. But to be the owner of a bank, this bank needs to have a management. This banks needs to have auditors. Then we now need to have people who are willing and ready to act as managers, and willing and ready to act as auditors. So now I ask you, who will volunteer to act as managers of the bank and auditors of the bank? I need at least three managers (a director, a secretary, and a treasurer) and two auditors (who verify once in a while the bookkeeping of the bank). Now, th ose who are willing to be and to act as the management of this local bank owned by the local community, please come in front of the room."

It was very interesting to see how many people were willing to act and to take the responsibility of running the bank. In Poland, we had so many people who came on the stage, it was just unbelievable. In the Philippines, too, a lot of people were volunteering to come in front to fill these positions. So be sure you have seats in front of the general assembly so the new managers and auditors will be able to sit down. It is the community that chooses the people who will be on the board of the bank, people they can trust and who have enough skills to do the job.

In Madagascar, we established a bank in one of the poorest villages in the country, and now we are receiving great reports signed by the management of the bank. They understood, and they took the responsibility of their new bank very seriously.

To be the bank manager of the local bank is very easy: your only task is to be in charge of the bank ledger. There is no need for a safe, bullet-proof windows, armoured trucks nor armed bodyguards to carry the money, etc. The only thing you have to keep in your house is the bank ledger.

The prices

Now, at this stage, you have the general management, you have the auditors, and you have the general assembly. It is now important to put in writing equitable prices for basic goods and services of the area. This is to be decided by the general assembly. It is also extremely important to put in writing how the profits will be divided within the community, because this bank can create money as any other bank and will create money to allocate investments for the production of goods. Thus the people, when they have a lot of pluses (money in) on their cards, can invest those pluses in projects, and those projects will give more abundant production. So it must be put in writing how the profits of this abundance will be distributed. This way, the people will be more eager to share.

In the Philippines, for example, a rice producer who understood very well the system signed a contract to share 70% of the profits from his rice production with the general assembly, keeping only 30% of the profits for himself. It was really astonishing for me to see this generosity. A priest explained to me that when there is no interest charged, when there is no usury, the producers are very happy because, in those countries, usury can climb up to 1,000% per year. That makes 20% a week. And because we now have a local banking system without usury, without interest rates, everybody is happy, and everybody can share more. Now all this money will not go to the usurer who was doing nothing except taking 1,000% per year .

A system that works

This system reminds us of the parable of the dishonest steward. You remember in the Gospel of Luke (Chapter 16) the parable of the dishonest steward saying to his master's debtors: "Here is your promissory note. Sit down and quickly write half the sum that you owe to my master." The only difference is that with our local debt-free banks, everything is done honestly. And it is working! In fact, it is working so well in the Philippines that we have now more than 15 local banks ( as of March 2005). And some mass-media people and some people saying they are from the government (from population control agencies) are now already attacking this system. That makes a lot of advertising, a lot of publicity. In fact, those attacks can be good for spreading the system because now everybody is talking about it.

It is the love of money that is the root of all evil, and with this system, there is less the notion of money being in your pocket. This way, you love your money less because it is really just a means to facilitate exchanges. You can exchange any goods, any services. You cannot as easily love a paper which is really just your handwriting and the signatures of the others. It is not as easy to love this piece of paper as bullion of gold or coins or bank notes. It is really a way to avoid this love of money which is the root of all evil s.

A ruler to create money

This card, this system also gives you the ruler to create money. Just as you have a ruler to measure meters or feet, you have a ruler now to create the money necessary for local community life. With this system, you can allocate money for the basic needs of the poorest. The dividend has to be accepted by the general assembly. Normally we recommend giving a dividend at least equal to the amount necessary to cover the basic needs for the life of the poorest, the sick, the old people present.

And it is now working. For example, in the Philippines they have chosen a dividend with the value of $­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­100 US. And the local economic system has a boom now because there is enough money in the system.

It is essential to socially define the restoring's periodicals (7 periods) of the economic meters, as asked in Leviticus 25 and thus to repair the error of Charlemagne of March 23, 789 which condemned the interest rate for 1 ' 000 years, but which forgot the questioning of properties, at least every 50 years...

Jubilee rules against odious debts...Lev. 25, the Bible

Spread the news

We are looking for people to go all over the world to spread this good news. This good news makes the poorer richer. This also makes local development possible. This too allows the poor to have as much money as they need for the physical needs of the local community. It is really a tool for liberation .

Naturally, in this process, you need to pray, so we always ask the people to pray together before each meeting. And because of the prayers of the Rosary, because of all the prayers of all the Social Credit ers since the foundation of the Movement, it is really giving a lot of fruit.

We need to work fast. For example: in the Philippines, the development is fast because one local bank alone is a plus, but if this bank is alone, it is not enough. You need to spread on a regional level around a city, for example. This way you can exchange all the goods, the food, services; you can exchange everything necessary for the basic needs of life. And it is now happening in the Philippines that the development is going as fast as possible. We are really astonished that they have understood so well with just one month's teaching. They already opened more banks than we did when we were there. Now we really need people to travel all over the world to spread this idea to others.

François de Siebenthal

This article was published in the June-July, 2005 issue of "Michael".

Back to list of articles

Back to the Michael's homepage

For more,

Odious debts, odious contracts, the effect of revolving credits on time
croissance de la dette

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20 % interest ( cost of credit cards with fines for late payments, 28,8 % in Canada,,,)

after 4 years, double to pay.

6 years, triple to pay...

20 years, 38 times to pay...




"The Money Myth Exploded" was one of the first articles of Louis Even, and remains one of the most popular to explain how money is created as a debt by private banks. It is available in the form of an 8-page leaflet (tabloid format) that you can order from the Michael office, in several languages: English, French, Spanish, Italian, German, Polish, Portuguese. You can read an HTML version at the link below.

The money myth exploded

Aaron Russo uncovers America from 'Freedom to Fascism' 0r Currency fraud: If you operate from within this immorality isn't anything possible?
Salt Spring News August 10, 2006

Two links, one to a film review of Aaron Russo's film, appropriately titled America: Freedom to Fascism. Focusing on the USA, Russo connects the dots between money creation, voter fraud, the proposed national identity card, the implementation of radio frequency identification (RFID) technology to track citizens and the police state quietly evolving in America. The second is to Connie Fogal's essay "How the debt based monetary system functions in Canada". We led off with three quotes.

"If the American people ever allow private banks to control the issuance of the currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered . . . I believe that banking institutions are more dangerous to our liberties than standing armies . . . the issuing power should be taken from the banks and restored to the government, to whom it properly belongs." - Thomas Jefferson

If you don't control your own currency, you cannot control your own economy." - Eric Kierans

"I am trying to wake America up. That's why I used that title. Fascism is a reality in America. Fascism is the synergistic effort of big government and big corporations working together to stifle the people. That's what we have in America today. The corporations have taken over America, and the largest corporation of all is the Federal Reserve System." - Aaron Russo

Further related: Community vs. corrupt commerce: How money really works
Salt Spring News December 7, 2006

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How do they treat "free" presidents ?

When former Philippine President Ferdinand Marcos in 1980's defied the debt-based global banking debt-based money creation, and CREATED HIS OWN MONEY DEBT FREE in the form of the New Society Currency, THE GLOBAL BANKERS: IMF AND WB and its Washington CIA ACCUSED HIM OF CORRUPTIONS AND DICTATORSHIP.

His wife Imelda has still in her hands the free $ of JFK, A MODEL FOR THEM, the main reason of his ASSASSINATION..

When JFK president defied the debt-based global banking debt-based money creation, and did the same, THE GLOBAL BANKERS: FED IMF AND WB and its Washington CIA KILLED HIM

When former Sadam Hussein defied the debt-based global banking debt-based money creation, and CREATED HIS OWN MONEY DEBT FREE and not any more the $, THE GLOBAL BANKERS: IMF AND WB and its Washington CIA ACCUSED HIM OF CORRUPTIONS AND DICTATORSHIP AND MADE A HUGE WAR.

When Iranian's presidents defied the debt-based global banking debt-based money creation, and did the same, THE GLOBAL BANKERS: IMF AND WB and its Washington CIA ACCUSED them OF CORRUPTIONS AND DICTATORSHIP AND ARE PLANING A NEW WAR.


                                            Association not for Profit


1. Name


..... a Society (hereinafter "Society /

Social Credit") according to the provisions of art 60 and al. of Swiss Civil Code.


2. Domicile


The local head office of the Social Credit will be located in ...................

And all activities will be limited to the area of .................


3. Objects


The objects for which the Social Credit is established are as follows:


(A) To protect and promote the common interests of its members;


(B) To promote, study, advance and protect trading, commercial, financial and

manufacturing interests and relations, as a financial aid to poor people, without any interests.

A Local Social Credit Bank is a business owned and controlled by the people who use its services. They finance and operate the business or service for their mutual benefit. By working together, they can reach an objective that would be unattainable if acting alone.

The purpose of the Local Social Credit Bank is to provide greater benefits to the members such as

increasing individual income or enhancing a member's way of living by providing important needed

services. The Local Social Credit Bank, for instance, may be the vehicle to obtaining improved markets or

providing sources of supplies or other services otherwise unavailable if members acted alone.


Distinctive Features


In many respects, Local Social Credit Banks resemble other businesses. They have similar physical

facilities, perform similar functions, and must follow sound business practices. They usually

incorporate under State laws and require bylaws and other necessary legal papers. Members elect a

board of directors to represent their interests. The board sets policy and hires a manager to run

the Local Social Credit Bank's day-to-day business.

Even though Local Social Credit Banks are similar to many other businesses, they are distinctively

different. Some differences are found in the Local Social Credit Bank's purpose, ownership, control, and distribution of benefits. Local Social Credit Banks follow three principles that define or identify their distinctive characteristics:


user-owned, user-controlled, and user-benefited.


The user-owned principle means the people who own and finance the Local Social Credit Bank are those who use it. "Use" usually means buying supplies, marketing products, or using services of the

Local Social Credit Bank business.

Members finance the Local Social Credit Bank through different methods: 1) by a direct contribution

through a membership fee or investment; 2) by an agreement to withhold a portion of net

earnings (profit); or 3) by assessments based on units of product sold or purchased 4) By local money creation 5) By distribution of the social dividend 6) By the compensated discount .

Sharing of the profits help finance the Local Social Credit Bank's operations.

The user-controlled principle (also called democratic control) says those who use the

Local Social Credit Bank also control it by electing a board of directors and voting on major organizational

issues. This is done on a one-member, one-vote basis.

The user-benefited principle says that the Local Social Credit Bank's sole purpose is to provide and

distribute benefits to members on the basis of their use. Members unite in a Local Social Credit Bank to

receive services otherwise not available, to purchase quality supplies, to increase market

access, or for other mutually beneficial reasons. Members also benefit from distribution of net

earnings or profit based on the individual's business volume with the Local Social Credit Bank.

To operate under these distinctive principles, an important practice, particularly for

new Local Social Credit Banks, is to conduct continuing member education. This is especially important for attracting and recruiting new members. It is also necessary because the Local Social Credit Bank's membershipsince conception, continually changes. Older members retire and new ones join.

Keeping owners informed is an important practice for any business, but vital in a

Local Social Credit Bank for at least three reasons:


(1) The democratic control principle, exercised through majority rule, requires that

the entire ownership (members) be informed and involved to assure that enlightened

decisions are made;


(2) Members must indicate their needs and accept the accompanying financial

responsibilities before the Local Social Credit Bank can fulfill those needs; and


(3) Some people are not familiar with the Local Social Credit Bank form of business. The educational

system contains little, if any, information about Local Social Credit Banks.

So, the Local Social Credit Bank, itself, must become the educational institution.


All members sign a declaration not to be a member of any secret society and pay a fine of             1000000 Pesos if the fact is proven

To help in the attainment of these objects, but not in limitation of them, the Social Credit

may inter alia:


* Collect and disseminate statistical and other information relating to the aforesaid



* Maintain the necessary contacts relating to the aforesaid interests with appropriate

government or trade authorities and bodies;


* Promote, support or oppose legislative or other measures affecting the aforesaid



* Undertake by arbitration the settlement of disputes arising out of trading,

commercial, financial or manufacturing questions submitted to its decision;


* Institute through appropriate channels legal or other proceedings for the protection

of any commercial interests in the local community, provided that, and so far as, no breach be committed of the rules of

law against maintenance or champerty, if and so far as such rules of law are

applicable in the country in which such proceedings are instituted;


* Supply, without guarantee, information respecting the standing of companies, firms

and persons in the local community;


* Give advice and assistance to its Members and others in establishing commercial

connections, finding agents and evaluating trade conditions in the

The local community;


* Sell, lease, mortgage or dispose of or otherwise deal with all or any part of the

property of the Social Credit without any interest rate if applicable;


* Do any other lawful things as may be conducive to the extension of any

trade, commerce, finance, manufacturing or economic interests or incidental to the

attainment of any or all of the above objects.


4. Membership


4.01 The Social Credit shall consist of members who may be:


(a) Individual since conception;


(b) Companies or corporations incorporated in, or firms with a place in RP.


(c) Companies or corporations incorporated in, or firms with a place of business in ,

the   village ("The village");


(d) Any other persons, partnerships, companies or corporations which the Council of

the Social Credit, having regard to the interest and objects of the Social Credit, shall deem

suitable for membership. For the purpose of registration, the number of Members of

the Social Credit is declared as being unlimited.


4.02 The amount of the annual subscription of members as well as the categories of

membership shall be determined by the Council from time to time by regulations

issued by it but subject to such regulations being ratified by the next General Meeting

of the Social Credit, which may also amend the regulations being proposed and such

amended regulations will be effective from the commencement of the following

calendar year. Should the General Meeting or any continuation thereof, fail to ratify

such regulations, they shall cease to have effect from the commencement of the

following calendar year. Any regulations may also prescribe any additional amounts

to be due from members for late payment of subscriptions and reductions of

subscriptions as it may determine.


Subscriptions for the current year are payable no later than January in each year but

the first subscription of a Member admitted during the year shall be limited to a

proportion of the full year calculated as from commencement of the quarter

immediately preceding his election. The liability of each Member to the Social Credit and

to third parties is limited to his subscriptions due hereunder.


The Council shall also be entitled to nominate members to be patrons of the

Social Credit on conditions as it considers appropriate

For the purposes hereof, an "Individual Asset Member" shall be a person with a

teaching qualification in languages either being self-employed or working for a small

enterprise (nor more than 5 employees) offering language tuition and related

services, or a teacher employed by a school which is not exclusively a language

school. Whether a Member is eligible to be considered as an Individual ASSET

Member shall be determined by the President (or in his absence or incapacity a Vice

President) whose decision shall be final".


Notwithstanding the foregoing or the provisions of Article 8.01 (g) below, the Council

shall have the authority by resolution to introduce a subscription rate for Individual

Members and a "small business" subscription for Ordinary Members at a rate below

the amount stated above and under conditions as the Council may consider



4.03 A candidate for election shall sign a written application for election and an

agreement to be bound, if elected, by the Articles of Association. The application

shall be brought before the Council at their next or subsequent meeting, when a

majority of the Members of the Council then present or represented may admit the

candidate as a Member. Such admission, together with submission of an application

for membership and payment of the subscription, shall constitute membership and

an agreement to be bound by these Articles of Association. The Executive Director

shall keep a list of all members at the Social Credit's head office.


4.04 A Member must give written notice to the Social Credit at its Head office care of its

Executive Director before the end of December in any year of his wish to retire, or he

will be liable for his subscription for the ensuing year. A Member whose subscription

is in arrears, shall not be entitled to vote on any questions, and if his subscription

remains unpaid on the 30th June, all privileges of membership will be forfeited until

payment is made, and his name may be posted in an arrears list in the offices of the

Social Credit; but the arrears will still be a debt due to and recoverable by the Social Credit.


4.05 A majority of Members present and voting at an Annual or Special General

Meeting of the Social Credit may by resolution expel any Member whose conduct in their

opinion renders him unfit to be a Member of the Social Credit. Any such person shall

from the passing of such resolution cease to be a Member of the Social Credit, provided

that seven days' notice at least shall be given to such Member of the intention to

propose such a resolution and he shall be given an opportunity of being present at

the Meeting at which such resolution is proposed, and being heard in his defense.


4.06 The Council may admit to honorary life membership of the Social Credit individuals

distinguished in statesmanship, diplomacy, commerce, or finance, who shall not be

required to sign the application mentioned above, or to pay any subscription.

Notwithstanding the foregoing, honorary Members shall have all rights as Members

as set out herein.



5. Application of resources


(A) The income and property of the Social Credit, whensoever derived, shall be applied

solely towards the promotion of the objects of the Social Credit as set forth herein; and

no portion hereof shall be paid or transferred directly or indirectly, by way of dividend,

bonus or otherwise, to the members of the Social Credit, provided that nothing herein

shall prevent the payment, in good faith, of reasonable and proper remuneration to

any officer or servant of the Social Credit, or to any Member of the Soc. Credit in return for

any services actually rendered to the Social Credit, nor prevent any payment of interest at

any rate ( according to Vix Pervenit) or reasonable and proper rent for premises demised

or let by any Member to the Social Credit; and provided that a member of the Council of

the Social Credit may be appointed to any salaried office of the Social Credit or any office of

the Social Credit paid by fees, and that in such event remuneration or other benefit in

money or money's worth may be given by the Social Credit to any Member of such

Council, and Members shall be entitled to repayment of out-of-pocket expenses and

A share on the profits aforesaid on money lent or reasonable and proper rent for

premises demised or let to the Social Credit.


(B) If upon the winding up or dissolution of the Social Credit, there remains, after the

satisfaction of all its debts and liabilities, any property whatsoever, the same shall

not be paid to or distributed among the Members of the Social Credit, but shall be given

or transferred to some other Any or Swiss Institution or Institutions having objects

similar to the objects of the Social Credit, and which shall prohibit the distribution of its

or their income and property amongst its or their members, to an extent at least as

great as is imposed on the Social Credit under and by virtue of Clause 5 hereof, such

Institution or Institutions to be determined by the Members of the Social Credit at or

before the time of dissolution, and if and so far as effect cannot be given to the

aforesaid provision, then to some Any or Swiss charitable object.


6. Audit


At least once every year the accounts shall be examined by the electedAuditors who will give their opinion on the financial statements on the compliance of

the accounts. The Auditors' report shall be open to inspection at the

Social Credit's Head office during the three week period prior to the Annual General

Meeting of the Social Credit.

7. Council


7.01 The business of the Social Credit shall be managed by a Council who shall either

be Members of the Social Credit or the nominated representative of a company

partnership or corporation which is a Member. Notwithstanding any such nomination

they shall act on the Council in an individual capacity. The Members of the Council

shall be elected at an Annual General Meeting of the Social Credit, and they shall hold

office until the third Annual General Meeting after their election. Council Members

shall use their best efforts to attend meetings of the Council.


7.02 At the Annual General Meeting of the Social Credit in each year the Members of the

Council whose office has expired shall retire but shall be eligible for re-election. The

Council shall give at least 10 days' notice before the Annual General Meeting of the

names of the Members so retiring and of the fact that they are eligible for re-election.

Such notice shall be given in the Social Credit Bulletin, or such other manner as notices

are by these Articles of Association authorized to be given.


7.03 All Members have the right of nominating candidates for election as Members of

the Council. Candidates must be nominated at least 21 days before the Annual

General Meeting, and their names must be notified to Members by publication in the

issue of the Bulletin appearing before the date of meeting, or by notice given in

manner authorized by these Articles, and be posted on the notice board at the

Social Credit's Head office.


7.04 The Council shall elect from its own body by ballot or otherwise as they may

determine, a President, Vice-Presidents as required, and an Honorary Treasurer,

who are herein called "the officers" of the Social Credit. Each officer shall have a term of

office of three years or such other term as the Council shall, from time to time,

decide. Each officer shall be eligible for re-election. The President shall also be

entitled to appoint an officer, after consultation with the Steering Committee, provided

that such appointee shall be submitted to the Council for election at the next Council

meeting. Councilors wishing to be considered for election as an officer shall be

proposed and seconded by other Councilors giving written notice to the President

not less than 45 days prior to the next Council meeting due to consider election of

officers. Candidates shall not be entitled to vote for themselves. The Council shall

otherwise establish rules, from time to time as it considers appropriate, for the

conduct of elections, failing which the procedures shall be laid down by the Steering

Committee .


7.05 The Council shall meet at least twice a month. Members of the Council shall

receive at least two days' notice of such meeting. Meetings of the Council shall be

presided over by the President or by a Vice-President, or, in their absence, by one of

the Council, who shall be elected Chairman for the day. The President only shall

have a casting vote as well as an original vote. Three Members of the Council (taking

into account proxies and alternates) shall form a quorum. At meetings of the Council

voting by proxy (as provided below) or letter shall be permitted and it shall be valid for

a majority of the Members of the Council to authorize in writing either the Executive

Director or the President to follow a certain course of action and such authority shall

be ratified at the next meeting of the Council. A Member of the Council not able to

attend a Council Meeting shall be entitled, to appoint (by notice to the President in

writing) a colleague working for the same Social Credit Member or another Member of

the Council, as an alternate, to attend meetings of the Council in his or her place or

to give such person a written proxy to vote on his or her behalf. Such appointee may

exercise all rights of the Member of the Council but a proxy holder shall only be

entitled to vote in accordance with the terms of the proxy . The Members of the

Council may act notwithstanding any vacancy in their body. Notwithstanding the

above, resolutions of the Council may also be adopted in writing by telex, cable,

facsimile or electronic mail by not less than eight Council Members provided that

seven days' notice shall have been given to all Council Members of the intention to

adopt a resolution in this manner and no two Council Members have requested oral

deliberation. Any resolution so adopted shall be binding as if a physical meeting of

the Council had taken place.


7.06 Special meetings of the Council may be convened by order of the President, or

in his absence by a Vice-President. They shall also be called by the President upon

the requisition in writing of at least eight Members of the Council. In each case not

less than seven days' notice of the proposed meeting shall be given to all Council



7.07 In the event of any Member of the Council not attending, resigning, dying or

becoming insolvent between the regular periods of annual election, the Members of

the Council may declare the seat vacant, and may elect another Member of the

Social Credit to fill such vacancy. Further, the Members of the Council may elect

Members (or their representatives) as additional members of the Council. In each

case, the Member or representative so elected shall only hold office until the next

Annual General Meeting, but shall be re-eligible for election to the Council in the

usual manner.


7.08 At the Annual General Meeting in every year the Council shall lay before the

Social Credit an income and expenditure account for the period since the last preceding

account made up to a date not more than 6 months before such meeting, together

with a balance sheet made up as the same date. Every such balance sheet shall be

accompanied by reports of the Council and the Auditors, and copies of such account,

balance sheet and reports (all of which shall be framed in accordance with any

statutory requirements for the time being in force) and of any other documents

required by law to be annexed or attached thereto or to accompany the same shall,

not less than twenty-one clear days before the date of the meeting, be sent to the

Auditors and to all other persons entitled to receive notices of General Meetings in

the manner in which notices are hereinafter directed to be served.


7.09 The Council shall have power:


(a) to take offices or acquire premises for the use of the Social Credit;


(b) to appoint and to determine the duties of an Executive Director and such other

officials as may be necessary for the due conduct of the business of the Social Credit,

with annual salaries or otherwise;


(c) to engage professional assistance and to remunerate all persons employed by

them provided that no Council Member shall vote on any Council decision relating to

his employment by the Social Credit or where he or the Member he represents would

benefit by such decision;


(d) subject to these Articles of Association, to call their own meetings and regulate

their own organization and proceedings;


(e) to act in the name of the Social Credit and to determine the officials or Council

Members authorized to represent the Social Credit;


(f) to manage and superintend the affairs of the Social Credit;

(g) to arrange luncheon seminars and other events on behalf of the Social Credit and


(h) generally to exercise all powers and functions of the Social Credit not hereby

conferred upon General Meetings of the Social Credit.


Copies or extracts from minutes or other documents shall be certified by the

signature of the President, or failing him, of an Officer. The Council may appoint

Chapters or committees for any special object and shall appoint a Steering

Committee (which shall consist of the officers of the Social Credit and Chairmen of other

Council Committees and Chapters and other Councillors, Members and employees

of the Social Credit , as shall be determined by the President) to manage day to day

matters on behalf of the Council. The Steering Committee shall act and meet as the

President shall consider appropriate and otherwise in accordance with regulations

adopted from time to time by the Council. Such committees shall work under the

control of the Council and report to the Steering Committee (where appropriate) and

the Council as often as circumstances shall require.

7.10 The funds of the Social Credit shall be under the control of the Council for the time

being. The operation of this control may, however, be delegated by the Council to and

exercised by any two officers from among the President, the Vice-Presidents, and the

Treasurer, or by any one of these officers jointly with the Executive Director, and they

may be empowered to operate the bank and post-office accounts of the Social Credit

and to withdraw and deal with on behalf of the Council, any of its assets or property.

Accounts shall be kept in accordance with the guidelines appropriate for a non profit

organization. The financial year of the Social Credit shall be the calendar year and the

Treasurer shall be responsible for ensuring that the Social Credit's accounts are

appropriately made up to the 31st December of each year, for submission (after

audit) to the Annual General Meeting.

7.11 The Council shall have the power to elect Members of the Social Credit, in

recognition of meritorious services rendered to the Social Credit, to a seat on the

Council and to take part in the proceedings of the Council and to vote at all Council

meetings, but they shall not be taken into account in reckoning the quorum present.

Each Honorary Member of the Council shall hold office as such for such period (not

exceeding three years) as the Council shall determine, but shall be eligible for

re-appointment. These honorary members shall be in addition to those allowed by

Article 2 but they shall not be able to be an officer of the Social Credit.


8. Annual and General Meetings of the Social Credit

8.01 An Annual General Meeting of the Members of the Social Credit shall be held in

each year not more than fifteen months after the holding of the last preceding Annual

General Meeting to:

(a) receive the report of the Council;


(b) receive the statement of accounts;


(c) elect new Members of the Council and, if appropriate to consider the removal of

existing Council Members;


(d) consider, and if necessary take action with reference to any business or motion of

which due notice has been given;


(e) receive communications from Members on any subject connected with the work,

progress, or welfare of the Social Credit;


(f) elect the Auditors;


(g) determine any change to Membership subscriptions;


(h) discharge the Council and the Auditors from liability for their actions;


(i) where appropriate expel members of the Social Credit or revise these Articles of



(j) if appropriate consider liquidation of the Social Credit.


8.02 Special General Meetings may be called by the President or, in his absence, by

a Vice-President. They shall also be called by the Executive Director upon the

requisition in writing of at least eight Members of the Council.


8.03 Twenty-one days' notice in writing at least of every General Meeting (including

the Annual General Meeting), exclusive in every case both of the day on which it is

served or deemed to be served and of the day for which it is given, shall be given in

the Social Credit's Bulletin or other official publication or in manner hereinafter

mentioned to such persons (including the Auditors) as are under these presents

entitled to receive such notices from the Social Credit; but with the consent of twenty

(20%) percent of all Members having the right to attend and vote thereat, in the case

of meetings other than Annual General Meetings, a meeting may be convened by

such notice as those members may think fit. Any notice for a General Meeting shall

specify the place, the day and the hour of meeting, and in the case of special

business (but not general business as set out in Article 8.01 above) the general

nature of that business. At all meetings, 12 Members personally present shall form a


8.04 (a) Each Member shall be entitled to one vote at all General Meetings of

Members, which may be given personally or by the Member's duly authorized agent.

Any Member shall be allowed to vote by proxy. Proxies may only be given to persons

having themselves the right to vote. Decisions of the General Meeting shall be by

simple majority of those present or represented at such meeting unless otherwise

stated herein.


(b) At any General Meeting a resolution put to the vote of the meeting shall be

decided on a show of hands, unless a poll is, before or upon the declaration of the

result of the show of hands, demanded by the Chairman or by at least three

Members, or by a Member or Members representing one-tenth of the total voting

rights of all the Members having the right to vote at the meeting, and unless a poll be

so demanded a declaration by the Chairman of the meeting that a resolution has

been carried, or carried unanimously or by a particular majority, or lost, or not carried

by a particular majority, and an entry to that effect in the minute book, shall be

conclusive evidence of the fact without proof of the number or proportion of the votes

recorded in favor of or against that resolution. The demand for a poll may be



(c) If a poll be demanded in manner aforesaid, it shall be taken at such time and

place, and in such manner as the Chairman of the meeting shall direct, and the

result of the poll shall be deemed to be the resolution of the meeting at which the poll

was demanded.


(d) No poll shall be demanded on the election of a Chairman of a meeting, or on any

question of adjournment.

8.05 Elections to the Council shall be by simple majority in open meeting. The

names of the candidates shall be sent to Members prior to the Annual General

Meeting at which the election is to take place. In the election of Members of the

Council proxies shall be allowed.


8.06 Each meeting of the Social Credit shall be presided over by the President or, in his

absence, by a Vice-President, and in their absence the meeting shall elect a

Chairman who shall be a Council member. The President, the Vice-President or

other Council member acting as chairman shall have an original and also a casting



8.07 Correct minutes of the proceedings of the Social Credit at its General Meetings

shall be open to the inspection of Members at the Social Credit's Local Head Office at all

convenient times.



9. Publications of the Social Credit


The Council shall determine what information shall be published and circulated to

Members of the Social Credit (whether as a written or electronic publication) . The

Council shall have the right to delegate such powers and day to day administration of

Social Credit publications to the Steering Committee other parties as it shall, in its

discretion, think fit. All members receive the journal .


10. Notices


10.01 A notice may be served by the Social Credit upon any Member, either personally,

by facsimile transmission, or by sending it through first class post in a prepaid letter,

addressed to such Member at his registered place of abode or registered office (as



10.02 A notice may be served by a Member on the Social Credit either personally, by

facsimile transmitting it through first class post in a prepaid letter addressed to the

Executive Director at the Social Credit's Head Office.


10.03 Any notice, if served by post, shall be deemed to have been served at the time

when the letter containing the same would be delivered in the ordinary course of the

post; and in proving such service it shall be sufficient to prove that the letter

containing the notice was properly addressed and put into the post office.


11. Interpretation or Construction of the Articles of Association


If any question shall arise upon the interpretation or construction of these Articles of

Association, the Council shall decide the point and their decision shall be final.


12. Amendment of Articles of Association


These Articles of Association shall come into effect on xxx and may be

added to or varied or any one or more of these Articles of Association may be

rescinded at any General Meeting of the Social Credit provided that not less than twenty

one days' notice of any proposed amendments is given to the President, who shall

inform members of such proposed amendments at the same time as he gives

notice of the meeting at which the amendments are to be discussed. Any

amendment shall be adopted only if passed by three quarters of all members

present or represented at such meeting.

Avec mes meilleures salutations.
François de Siebenthal
14, ch. des Roches
CH 1010 Lausanne
Suisse, Switzerland

Jean-Paul II a notamment comparé le rapport sexuel chaste entre les époux chrétiens à l'adoration eucharistique. Marie est la Mère de Jésus, c'est l'épouse du St Esprit et c'est la fille de Dieu le Père. Pour St Amédée de Lausanne, l' union spirituelle du St Esprit lors de la fécondation de Marie, passe par sa chair et s'accomplit selon les mêmes principes que l'acte charnel : "Homélies", III : "Spiritus sanctus superveniet in te, ut attactu eius venter tuus contremiscat, uterus intumescat, gaudeat animus, floreat alvus".
Les catholiques ne sont pas coincés...
à faire circuler largement, merci, le monde est déjà meilleur grâce à ce simple geste de solidarité.
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