How ominous is this:
- Our 13th Early Day Motion (EDM) since 2002 is EDM 748 to celebrate the centenary of the historic UK precedent of ‘treasury money‘ as an alternative to ‘bank money‘.
- After Austin Mitchell MP tabled it on 18 Nov 2013, Kelvin Hopkins MP, Jeremy Corbyn MP and Paul Flynn MP signed already!
- Besides the centenary for the Bradbury Pound on 7 August 2014, another 100th birthday will take place for World War I on 28 July 2014.
What can we learn from history? Try:
Will you get your MP to sign, too?
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 latest Early Day Motion (EDM) tabled by Austin Mitchell MP spells it out: Interest-Free Credit is the answer to the lies accumulating from central bankers, bankers and economists.
When we held a Forum meeting on March 9th, 2010 we awarded both Lord Sudeley and Austin Mitchell MP the Honorary Robin Hood Award.
The Robin Hood Tax, feared by the banks and loved by the poor, is the tip of the changes required to move the iceberg of public debts.
Meeting Lord Sudeley in 1998 was the beginning of Forum meetings in the House of Lords.
Since the House of Lords reform, however, Austin Mitchell MP has been particularly active on our behalf, especially by tabling Early Day Motions in the House of Commons.
I wish I could talk to the Sunday Times undercover reporter who produced this story on Labour MPs abusing their position:
- Stephen Byers
- Patricia Hewitt
- Geoff Hoon
- Margaret Moran
I would invite him/her to talk to the victims of financial, legal and judiciary institutions who tell their stories in our various meetings:
At the same time, I hope s/he would appreciate that the real cause is the quality of money that is circulating in the money supply of our nationa. Our chairman Austin Mitchell MP, who has been called the only honest MP, has tabled an Early Day Motion on Interest Free Credit. This is the “obvious” answer, if only the Treasury wanted to solve problems. But which MP understands the issue, while institutions continue to run ‘business as usual’? Might you want to write to your MP?
We are preparing for another meeting at the House of Commons on Tuesday, October 27th, at 3pm.
Please send an email if you plan to attend.
And please feel encouraged to send in your story using this EDM 1297 Case Template. We want to group cases with a view to changing the law.