TREASURY SELECT COMMITTEE has no plans to look into Bringing Back the Bradbury Pound

English: Clockwise from top-left: Federal Rese...

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:

  1. Bring Back the Bradbury Pound has started as a voluntary campaign
  2. August 2014 will be the 100th anniversary – so a count-down has begun
  3. 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

Inquiry into the Accountability of the Bank of England by the Treasury Select Committee

The Treasury Select Committee always does the right things, but business continues as usual despite that…

Here it announces an inquiry into the Accountability of the Bank of England.

It would be good if my submission was not the only one maintaining the status quo… The deadline is March 31st and the text needs to be limited to 3000 words. I’ll publish my submission asap.

1.      The Documents Relating to the Inquiry
1.1.    The Government’s proposal 26 July 2010[1]: A new approach to financial regulation:  judgment, focus and stability.

1.2.    The Governments second proposal 17 February 2011[2]: A new approach to financial regulation: building a stronger system.

1.3.    The Treasury Committee’s Seventh Report[3]: Financial Regulation: a preliminary consideration of the Government’s proposals

Coalition of Resistance: a broad united national campaign against cuts and privatisation

Tony Benn and 73 others wrote on 4 August 2010 in The Guardian: The time to organise resistance is now.

We reject these cuts as simply malicious ideological vandalism, hitting the most vulnerable the hardest. Join us in the fight.

I just saw Mark Serwotka’s most remarkable speech on video on the occasion of a Coalition of Resistance rally. To add fuel to everybody’s fires, I would like to draw to your attention:

1.     The economic crisis was an ‘inside job’ – a summary of the film review Inside Job

2.     The analysis of UK Budgets of the last 10 years – revealing the purpose of the ‘crisis’

3.     The growth of interest payments in the austerity budget – the real reason behind the ‘crisis’

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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.

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What we’ve been up to

The Forum is a voluntary Initiative of Parliamentarians and Concerned Citizens across the full political spectrum and from all religious persuasions.

Having come together at the House of Lords since 1998, the Forum has debated the following issues:

Early Day Motions (EDMs)

EDM 1515 – 2001-02 – Using the Public Credit

EDM 854 – 2002-03 – Publicly Created Money and Monetary Reform

EDM 323 – 2003-04 – Public Credit for Public Purposes

EDM 327 – 2004-05 – Use of Public Credit for Public Works

EDM 743 – 2004-05 – Interest Free Money

EDM 390 – 2005-06 – Publicly-Created Money

EDM 408 – 2006-07 – Public Credit for Public Purposes

EDM 265 – 2007-08 – Green Credit for Green Growth

EDM 1449 – 2008-09 – Taxing the Profits of Credit Creation

Summary of points made in Early Day Motions- 2 pages

Submissions to Public Committee Inquiries

1. Economic Affairs Committee – House of Lords

a. The Global Economy – 2002

2. Treasury Select Committee – House of Commons

a. The Stern Report – 2007

b. The Banking Crisis – 2009

3. Environmental Audit Committee – House of Commons

a. Financing Adaptation to Climate Change on Local, Regional and National Levels in the Post-Kyoto Context – 2008

4. United Nations Development Programme - 2007-

Independent Reports

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