The Japanese people love Charley Chaplin to this day because of Chaplin’s portrayal of the Tramp with Chaplin impersonators used repeatedly over the years in commercials on television in Japan. What most Japanese people do not know, is that Charley Chaplin revealed in his autobiography that he was able to save is fortune from the economic ravages of deflation that hit in 1929 by converting his stocks into hard assets. How was Charlie Chaplin able to “save his fortune?” Chaplin stated in his autobiography that he had read the work of Major Clifford Hugh Douglas before the deflation hit in 1929. Who was Major Clifford Hugh Douglas? This is a short biography:
Major Clifford Hugh “C. H.” Douglas (20 January 1879 – 29 September 1952), was a British engineer and developer of the Social Credit economic reform proposal.
In 1929, Major Clifford Hugh Douglas spoke at the World Engineering Congress in Tokyo after the Embassy of Japan in London had a standing order from the publisher for Douglas’ book on Social Credit. From about 1930 onward throughout the 1930s, Japan’s industries never suffered from a “shortage of money” which is so far removed today where Japan’s corporations are forced to obtain capital from banks to operate.
According to South African politician and noted banker, Stephen Goodson, the origins of WWII have far deeper roots. Goodson explains the background as follows:
During the 1930s Japan rapidly expanded her industrial production, while the rest of the world, with the exception of National Socialist Germany, stagnated. By 1941 Japan had become the leading economic power in East Asia. Her exports were steadily replacing those of America and England.
Writes Stephen Goodson:
Japan has very few natural resources with no energy sources of its own being completely dependent on other countries for its oil and natural gas to power its economy. This is why Japan walks a very thin diplomatic tightrope; so what was the secret of Japan’s manufacturing success throughout the 1930s? In order to answer this question, it is necessary to return to the year 1929 again, when one of the twentieth century’s foremost monetary reformers, Major Clifford Hugh Douglas, went on a lecture tour of Japan.
Douglas’s economic theory advocated the transfer of the money creation process from private banks, which create money out of nothing as an interest-bearing debt, to the state. This government created money he termed social credit. He also favored the payment of a basic income or national dividend to each citizen (Japan’s postal banking system acted in this way). This dividend would provide consumers with the additional buying power necessary to absorb all the current production of goods in a non-inflationary manner. Today, Japan’s BoJ head, Mr. Kuroda, is trying to keep inflation at 2 percent a year.
Douglas’s financial proposals for an honest money system, based on the government of Japan creating the nation’s money and credit on an interest-free basis, and not a central bank, were extremely well received by Japanese industry and government (**). All of Douglas’ books were translated into Japanese and more of Douglass’ books on Social Credit were sold in Japan than the rest of the world. Since its origin in 1882, the “largest shareholder of the Bank of Japan (Nippon Ginko) had been the Japanese Imperial Household”:
Its reorganization into a state bank, which was administered exclusively for the accomplishment of national interests, was implemented in 1932.
The reform of the central bank was completed in February 1942 when the Bank of Japan Law was remodeled on the Reichsbank Act of Germany of 1939. Goodson continues:
“The Bank of Japan Law declared that the bank was a special corporation of a strongly national nature. The Bank was ‘to assume the task of controlling currency and finance and supporting and promoting the credit system in conformity with policies of the state to ensure the full use of the nation’s potential’. Further, it was ‘to be managed with the accomplishment of national aims as its sole guiding principle’ (Article 2).
It would be interesting to see the Japanese population reeducated on the ideas of Social Credit as engineered by Major Clifford Hugh “C. H.” Douglas back in the 1920s and then implemented by Japan during the 1930s. When Japan went on the system of Social Credit, the immediate economic benefits to the population were phenomenal with the results of the economic and monetary reform being sustained improvement:
“…once the shackles of usury had been removed. During the 1931-41 period, manufacturing output and industrial production increased by 140% and 136% respectively, while national income and Gross National Product (GNP) were up by 241% and 259% respectively. These remarkable increases exceeded by a wide margin the economic growth of the rest of the industrialized world. In the labour market unemployment declined from 5.3% in 1930 to 3.0% in 1938. Industrial disputes decreased with the number of stoppages down from 998 in 1931 to 159 in 1941.”
Charlie Chaplin didn’t get his idea for The Tramp from anything he might have experienced himself since he salvaged his wealth by buying hard assets based on Douglas’ writings on Social Credit, he got his ideas from what the inevitability would be to the people by the bankers creating a depression. So, Mr. Kuroda, Prime Minster Shinzo Abe says he will be “leading global change in 2016“, so why not lead global change by Japan implementing meaningful economic and monetary reform so that all of Japan’s people can honestly benefit? Charlie Chaplain’s love for Japan and Japan’s reciprocity towards Charlie Chaplin would be vindicated (except for the military cliche inside Japan’s military who attempted assassinating Charlie Chaplin on one of his visits to Japan).
Charlie Chaplin The Tramp Essanay
** “This enthusiasm may be contrasted with the alarm with which Douglas’s ideas were received by the City of London or Square Mile (677 acres). During the 1930s, £5 million (a prodigious sum in to-day’s values) was raised by the international bankers in order to neutralize Douglas’s proposals.”