I remember reading that Gordon Brown said the Government can either tax or borrow to raise money when he was acting as PM. As if he had forgotten or never knew that governments ought to create money and put it in circulation, if they want to ‘run’ the economy.
BUT: they don’t and don’t seem to want to either.
Here’s a good introductory article: Op-Ed: Debt-free money for 2014?
Here’s a remarkable historic account in 6,000 words: John Bradbury and Thomas Paine.
Here’s a good new video that illustrates the mathematical power of compounding interest upon interest in a debt-based money system: A flaw in the monetary system?
And here are money related petitions you might want to sign:
The Bradbury Pound is for the UK what the Greenback is for the US:
- Cash issued by the Government – rather than Credit borrowed from the Central Bank
- free of interest – rather than interest-bearing
- spent by Government
- rather than banks selling Credit at interest to ‘consumers’.
It is remarkable how ‘economics’ was introduced to obfuscate what ‘money’ is and how bankers have succeeded in getting their Credit accepted as if it was remotely comparable with Government issued Cash.
What is even more remarkable is how ‘people behind the scenes’ have succeeded in setting up more and more central banks via whom to export this fundamental mechanism of Anglo-Saxon hyper-capitalism globally. Iran and Korea are the only countries left.
What hope is there? Let me count the reasons:
- Bring Back the Bradbury Pound has started as a voluntary campaign
- August 2014 will be the 100th anniversary – so a count-down has begun
- The People’s Assemblies Against Austerity have had a major meeting in Central London with a broad base of angry people who don’t buy into ‘austerity’ as a policy that ‘works’.
They have formulated these demands:
- stop cuts and halt privatisation
- tax the millionaires and big business
- drop the debt and put banks under democratic control
- invest in jobs, homes, public services and the environment.
Obvious, aren’t they!? Not to the Assistant of the Committee who wrote this letter published here:
The Treasury Committee has no plans to look into this subject in the foreseeable future.
We shall therefore have to educate the assistants and members of the Committee – once again – after we began with Green Credit for Green Purposes in 2008…
Our next meeting will be held on Tuesday, March 9th, 2 – 4pm in Committee Room 2A of the House of Lords.
We want to follow our determination and commitment to tackle the serious oppression that our Chairman Austin Mitchell MP formulated in Early Day Motion 1297: Enforcement of Bank of England Act 1694.
We shall also honour Austin Mitchell MP and Lord Sudeley with our Honorary Robin Hood Award.
The news release about our event is here.
Please email sabine AT 3d-metrics.com if you want to attend.
There is an interesting article by two economics professors from Boston University which sets out A Banking System we Can Trust.
The Times published a story about one of these professors who has supposedly become a guru for Mervyn King. That’s where I’d like to know whether they also talk about “credit money” in general and quantitative easing as the way of central banks supplying banks with credit money.
For that’s what a guru would propose. Because a guru has spiritual wisdom to offer that is inherently of benefit to mankind.
I call it a “fobbing off” letter. Our legal advisor writes “valuable evidence” and one of our victims turned “star fighter” is over the moon because of the inaccuracy it contains. We are still thinking about our response.
Our Chairman Austin Mitchell MP has sent our Open Letter to Mervyn King not only to the Governor of the Bank of England, but also to Hector Sants, the CEO of the Financial Services Authority.
The letter makes three points:
a) false documents are being used to file bankruptcy
b) wealthy individuals are being bankrupted for no valid reason
c) Bank of England accounts are being used as part of insolvency procedures.