COMER, the Committee on Monetary and Economic Reform was established in Canada 1986 and has been investigating what we’ve been studying through the Forum for Stable Currencies: the creation and privilege of ‘money’ which has become a means to control rather than a medium of exchange – through the powers of central banks. Hence we’ve been advocating the Enforcement of the Bank of England Act 1694.
Fortunately, the Global Table continues our debates at lunch time every Wednesday.
This sequence of videos illustrates how a constitutional lawyer challenges the situation via the Canadian government.
Structure of the Federal Reserve System (Photo credit: Wikipedia)
“We’ve been forced into an interest addiction by the banks.”
On giving interest-free loans to regional governments – published on 11 February 2015:
This video was published on 30 March 2015 about Canada’s prospect of losing her sovereignty:
And then there is this publication of 28 April 2015 – after 11 minutes in French:
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?
Posted in Bank Money, Bradbury Pound, Challenging the Recession, Engaging with MPs, Money supply, Treasury Money
Tagged 7 August 2014, Austin Mitchell, Bradbury Pound, Demand deposit, Early Day Motion, Government debt, Jeremy Corbyn, Kelvin Hopkins, Paul Flynn
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…
Posted in Bank of England, Banks, Central Banks, Challenging the Recession, Economics, Federal Reserve Bank, Financial Fairness, Fractional Reserve Banking, Global Financial Elite, History, On behalf of victims, Political initiatives, Treasury Select Committee
Tagged Anglo-Saxon, Central bank, Government, Greenback, Iran, Korea, London, Treasury Select Committee
It’s nice not to be alone in one’s thinking!
Here’s another “Chart of the Week” produced by Grep Opie of the Economic Research Council. It educates and demystifies ‘interest rates’ a little. If you click on the chart you get to the original posting with explanations.
They miss the crucial questions:
- why should HMG borrow?
- who doesn’t HMG create interest-free Cash electronically?
- since banks can create Credit from thin air and charge interest, why have successive governments allowed that to happen more and more?
Posted in Interest rates, Money supply, Usury
Tagged Arts, computer, Economic, Ecuador, Government, Julian Assange, London School of Economics, Music, National Employment Savings Trust, Oceania, technology