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Africa: The Madagascar Experiment – Social Credit

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Original Post Date: 2008-01-08 Time: 00:00:00  Posted By: JoAn

Jeff Dunlop submitted this to the Comment section under “You’ve seen Mugabe-nomics. I posted it there, and thought it really should get more exposure as it is an idea that might capture the interest of our readers. Thanks Jeff!

Dear Jan
Just off the coast of Africa
The Madagascar Experiment
February 2005

Since April 2002 I have been urging on the world social credit community — in a letter to my fellow directors of the Social Credit Secretariat, in issue after issue of Triumph of the Past, in Bill Ryan’s social credit e-mail discussion group, in the concluding chapter of my book on Charles Ferguson, in five talks in Australia and New Zealand in October 2002, and on the Australian League of Rights website — that we no longer wait but implement social credit immediately at the local level, adapting Douglas’s ideas for that purpose.
Last May two representatives of the Pilgrims of St. Michael – full-time pilgrim Marcel Lefebvre and “our good friend of Switzerland, Mr. Francois de Siebenthal consul general of the Philippines and an economist” – visited Madagascar as guests of the Catholic Episcopal Commission on Justice and Peace. The following is the account of this visit published in the Pilgrims’ Michael journal for May-July 2004:

Then we went into the bush, driven by the secretary, in the pastor’s “4 x 4” vehicle. We were invited by the Secretary General of the Justice and Peace Commission, Mr. Jean Marie, a father of 8 children, who is involved with church activities. He managed to gather all the people of the village to meet us.
We began with the recitation of the Rosary, and then gave a talk on the cause of their poverty, and the way out, by establishing a local money system, like in Switzerland and in Argentine, where they call it “social credits.” We told them about the possibility of creating their own figures (money) to develop their area, without waiting for the International Monetary Fund, the World Bank, and all the other money-lenders who exploit them. We founded together the first Social Credit bank, just as the five islanders did in “The Money Myth Exploded.” They brought all their belongings to create a fund to start the new bank. It was really moving and impressive to see them bring all they had. They are really good people. Bishop Raymond told us that within a year, there will be 500 small banks like this one in Madagascar.
So where we founded this first bank, we gave a Rosary to every family that enlisted, and made them promise to say the family Rosary every day for the success of this important undertaking. Before founding the bank, Mr. de Siebenthal asked the priest who was accompanying us to confess the Faithful. There will be no interest charged in this bank; on the contrary, dividends will soon be given to every participant. They will develop their own area in an impressive manner ……
story continues >>>>>>>>
Triumph of The Past by Michael Lane

Regards Jeff 4.30 pm 8th January 2008

Source: http://www.alor.org/Triumph%20of%20The%20Past/The%20Madagascar%20Experiment.htm