CAPITALISM EXPOSED for the Parliamentary Commission on Banking Standards

The Commission on Banking Standards invited for submissions and we duly put a document together – in August 2012.

Strangely, the Commission claimed ownership – which, we believe, is contrary to the Copyright Designs and Patents Act 1988.

Even more strangely, the Commission never published our submission – even though our addendum was admitted: a letter from our founder Lord Sudeley and the devastating story by a pension victim…

Three reminder emails and asking my MP Glenda Jackson to check were ignored.

When Lord Turner, Chairman of the Financial Services Authority, spoke about overt monetary financing as the possible ‘solution’ that we’ve been advocating with Early Day Motions since 2002, I felt I needed to tell him and the Commission.

For he talks about “the theory of money and debt”, as if he was in search of the theory that holds astronomy and nuclear physics together! (more…)

Rothschild Stage Revolutions in Tunesia and Egypt to kill Islamic Banks

This is an excellent article written by a very interesting author, the “captive wolf” who publishes a German blog against the New World Order. It’s long and very well researched and ends in large print with this:

The Rothschilds want North African Muslims to borrow from Rothschild banks and pay interest at rates the Rothschild central bank decides:
they do not want them to be able to borrow from Islamic banks and not pay any interest.

The Rothschilds want Muslims to trade their present political oppression at the hands of brutal dictators for future economic serfdom under the control of banker Lord Rothschild.

“Becoming ecnomic serfs” is the purpose…

Deficit panic – budget austerity and the real cuts agenda

Money-supply

English: The Euro money supply from September ...

New Zealand money supply 1988-2008

The money supply of Australia 1984-2007.

 

 

 

 

David Blanchflower is the economics editor of the New Statesman and has two other professorships, besides having been a member of the Bank of England’s Monetary Policy Committee.

His quotes inspired Ken MacIntyre to write these two articles where he puts into economic language and thinking what we monetary reformers have been saying for decades:

1.     Public control of the money supply and credit creation

2.     A financial transactions tax (Robin Hood Tax)

3.     Restoration of controls on all exchange and capital movements across national borders

4.     An end to speculation by banks (more…)

Douglas Carswell MP Introduces Bill to Stop Fractional Reserve Banking

The 10-minute rule bill as read here will be read again on Friday, November 19th, 2010.

Douglas Carswell MP aims at Honest money and sound banking.

Hence he doesn’t address the problem of national or public debts, but little steps for little feet!

Economics – the “science” that hides banking activities

I’m keen to promote the thinking behind The Global Financial Crisis. Fortunately, I’m not alone: Debunking Economics or How Economists went Astray are two examples. And one of the best resources on the web questioning the crisis is CrisisMaven’s Blog.

Robin Hood Tax to be launched at 0.05am on Wednesday

The Robin Hood Tax is the UK version of the Tobin Tax which was at the beginning of ATTAC in France ten years ago.

As an anti-poverty campaign, it is more pragmatic than the economic theories of Tobin Tax definitions or the political demands of the Attac network.

Supported by a coalition of 48 organisations, the Robin Hood Tax campaign spells out what the income should be spent on.

And in the spirit of our times, it uses Twitter and YouTube.

The video is set to private until the launch, which is set to 0.05am in parallel with the 0.05% tax that Robin Hood wants to take.

Updates are on this page.

Open Letter to Bank of England and FSA

Cover letter to the CEOOur 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.

(more…)

Letter to the Committee Chairman

03 August 2009

Dear John McFall MP

This is a belated clarification regarding myself in your letter to our Chairman Austin Mitchell MP of March 17. For I am not one of Austin’s constituents, but the organiser of a Forum that has been meeting in both Houses since 1998, as you will see on our archive site www.monies.cc. Thus it will become clear to you that my opinion is not a personal one, but that I promote the concerns of many.

In fact, our analysis is so significant that a human rights lawyer advised us to “go for Parliamentary scrutiny via the Treasury Select Committee”. Hence I’ve attended numerous Committee meetings and gave you a copy of Creating a World without Poverty by Nobel Peace Prize winner Muhammad Yunus.

(more…)

EDM 1297: the outcome of our last meeting,

Early Day Motion 1297 was tabled by Austin Mitchell MP on April 20th and has been signed by twelve other MPs.

It advocates the enforcement of the Bank of England Act 1694 and thus puts the finger on the button of the banking system and its supervisory institution: the Bank of England.

The outcome of our Forum meeting on June 23rd was this new site that gathers complaints with a view to changing the law via Parliament as the highest Court in the Land.

Here are the statements made on the day:

Austin Mitchell MP, Chairman of the Forum for Stable Currencies, next to Brad Meyer who prepared and facilitated the meeting

Roger Lawson, Communications Director, UK Shareholders Association

Eva Adshead who made Case Law as a Victim of RBS and the Legal Aid Board.

Enforcement of Bank of England Act 1694

This Early Day Motion was tabled by our Austin Mitchell MP on April 20, 2009:

David Taylor MP tries to turn its message into an Amendment to the Budget.

I had sent the Act to HM Queen who sent it to Downing Street, who sent it to the Treasury which has not responded yet. But, for the first time in her reign, HM Queen has seen the Governor of the Bank of England!

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties’ subjects may not be oppressed by the said corporation’, notes that those subjects have been seriously oppressed by the Bank’s failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.

The first MPs have signed. Will you get your MP to sign via WriteToThem?

In our observation, oppressions through banks are due to:

1. There is now only a limited number of qualified staff in every branch. In fact, what used to be professional training for a professional body, ACIB, has become a “School of Finance“.

2. The training in “banking” is limited. It consists only of “sales”.

3. There is now little responsibility in local branches.

4. Instead, all decision making has been centralised. This results in the decision makers having little personal knowledge of the client or a perspective about a business.

5. There is little comprehension of day-to-day business issues.

6. There is no realisation of the criticality of time or expediency.

7. There is limited knowledge of supposed Government support. As an example, the Small Firms Loan Guarantee Scheme (SFLGS) was reducing before the crisis.

8. Instead of joined-up thinking, staff are only box tickers and have no room for initiative.

9. MPs have very limited knowledge of the depth of the problems, even before the crisis.

10. Day-to-day business borrowing for “normal” clients has never been excessive. In fact, it was already very restrictive to Small and Medium Enterprises (SMEs) and often even obstructive.

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