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 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! Continue reading
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 Continue reading
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.