Posted on July 3, 2013 by Sabine Kurjo McNeill
Bring Back the Bradbury Pound!
Countdown to 7th August 2014
100th Anniversary of Historic Solution
to end Britain’s ‘crisis’, austerity & corruption
There is a deep malaise affecting our country – something is clearly not right. To catch a criminal, a good policeman will always tell you to follow the money and to ask, cui bono – who benefits?
The network of private central banks led by the Bank for International Settlements in Basel, Switzerland, have taken control of the world’s money supply to achieve global governance on their terms – hardly beneficial for the human race.
The way to ‘stop and reverse’ is to ask: (more…)
Filed under: Bank of England, Bank of International Settlements, Borrowing, Bradbury Pound, Cash, Central Banks, Debt, Government budgets, Money, Money supply, United Kingdom | Tagged: Abraham Lincoln, Bank for International Settlements, Basel, Bradbury Pound, British Government, David Lloyd George, Forum for Stable Currencies, HM Treasury | 10 Comments »
Posted on July 3, 2011 by Sabine Kurjo McNeill
Let me count the ways:
- National Governments:
- borrow according to “Public Borrowing Spending Requirements” (PSBR) and pay interest.
- Instead, they could issue interest-free Cash into the economy.
- While ‘creating money’ is the sovereignty of nation states, banks have expanded their ‘habit’ of creating Credit and turning it into ‘financial products’ such that their ‘money’ virtually represents all money in circulation (estimated to be 97%, whereas, in the UK, it used to be 53% at the end of WWII).
- Governments are supposed to either borrow or tax as their income stream, when, in reality, they should create interest-free Cash (or Green Credit) rather than allow banks to create interest-bearing Credit ad infinitum.
- For governments to borrow AND to tax is an affront and insult to taxpayers. They should simply create interest-free Cash to spend it into the economy.
- Taxpayers are made to believe a system of annual budgets, while long term trends show the realities of
- inflation of prices
- inflated credit supplies
- and the continuous growth of Governmental interest payments on national debts.
- Central Banks:
- pose as national banks, when, in reality, they are privately owned, albeit well disguised. See Bank of England Nominees.
- manipulate gold and currencies internationally – always for the benefit of the ‘financial economy’ and the detriment of the ‘real economy’.
- create Credit from thin air
- dare to ‘sell’ it for ‘interest’
- invent ‘financial products’, when they could provide an honest service.
- The Camouflage of What Bankers are doing through Teaching Economics:
- Credit created by banks (and other financial institutions) from thin air, is turned into Cash, as if there was no difference.
- Creating Cash is the monopoly and privilege of a Nation State.
- Creating Credit is the monopoly of banks, central banks and other financial institutions.
- Nobody creates the interest charged for Credit.
- The problems associated with ‘money’ depend on whether we talk about it as
- Cash in our pockets
- Credit in our bank accounts
- the Budget of a government
- or as the currency of a Nation where Central Banks are the global players.
- Honest Money is a challenge to banking in the day-to-day dealings of handling money as debt aka as credit
- We the People are all victims, since Central Bankers have been ruling, since the Bank of England was established in 1694 – albeit with the intention of avoiding the oppression of Their Majesties’ Subjects – which is why we ask for the Enforcement of the Bank of England Act 1694.
- The myth of Public Debts and their necessity is perpetuated, without spelling out the beneficiaries, teaching the damages or generally being open and transparent.
- In the UK, the deadly embrace between The City of banksters and Westminster of civil servants and politicians ensures that HM Partnership reigns with immunity to prosecution.
- As a result, ‘money’ is ‘toxic’.
- Healthy ‘mutual credit‘ would enable the flow of goods and skills through society.
- Healthy money would be like healthy blood in a body and clean water in nature: enabling and enriching.
- Instead, the issuing of ‘credit’ without issuing the interest required, ‘toxic money’ is oppressive, restrictive and controlling.
If only banks were made responsible or accountable, they could not expand their control, while politicians are already in their pockets.
But, they are entrusted with ‘self-regulation’, just as the legal profession which is equally derailed.
The dishonesty of money is, however, being challenged by the class action of Americans who are suing The Fed.
The book Dishonest Money, published in the US, explains the same principles.
Filed under: Bank of England, Bank of International Settlements, Central Banks | Tagged: Bank of England, Business, Cash, Central Bank, Credit, European Central Bank, Federal Reserve System, Financial Services, FinancialServices, Government, Mervyn King, Money, Money supply, Nation State, public debt, Their Majesties, United States, World War II | 64 Comments »
Posted on June 9, 2011 by Sabine Kurjo McNeill
This article is a neat summary of alternatives to ‘debt based’ money, created ‘from thin air’, and unscrupulously ‘sold’ as ‘money’, as if it were Cash, minted by Nation States, when, in fact, it comes from private bank(st)ers.
Filed under: Bank of England, Bank of International Settlements, Blogosphere, Borrowing, Campaigning, Central Banks, Debt, Equity, Federal Reserve, Fractional reserve banking, Interest, Money supply, United States | Leave a Comment »
Posted on October 28, 2010 by Sabine Kurjo McNeill
On Monday, 25 October 2010, Mervyn King, the Governor of the Bank of England, gave this 25-page speech in New York City, at The Buttonwood Gathering: Fixing Finance.
This Gathering was organised by The Economist and cost $3,495.
The speech covered:
- Introduction – the importance of a resilient and robust banking system
- The practice of banking - an extraordinary rate of expansion by banks
- The theory of banking - “financial alchemy” requires the implicit support of the tax payer, and its Achilles heel remains the absurd levels of leverage by relying on short-term debt; the results that follow from a banking system “too large relative to national output” (Iceland and Ireland) without having first solved the “too important to fail” problem
- Finding a Solution – to address the divergence between private benefits and social costs:
- Why Basel III is not a complete answer - there is merit in having a basket of different measures to rein in excessive risk-taking
- Large Institutions – led by the Financial Stability Board – an extra layer of either equity or other loss-absorbing capital
- More radical reforms – “limited purpose banking” (Kotlikoff, 2010), Volcker Rule, divorce the payment system from risky lending activity – to prevent fractional rserve banking (Fisher, 1936; Friedman, 1960; Tobin, 1987; Kay, 2009); genuinely safe deposits must not coexist with risky assets. Creditors should know that they will bear losses in the event of failure; the Financial Policy Committee will provide clarity about the regulatory perimeter; banks should be financed much more heavily by equity rather than short-term debt
Page 18: Of all the many ways of organising banking, the worst is the one we have today.
The Independent Commission on Banking will lead us to the right solution
A market economy has proved to be the most reliable means for a society to expand its standard of living. Change is, I believe, inevitable. The question is whether we can think our way through to a better outcome before the next generation is damaged by a future and bigger crisis. This crisis has already left a legacy of debt to the next generation. We must not leave them the legacy of a fragile banking system, too.
Filed under: Bank of England, Bank of International Settlements, Central Banks | Tagged: Basel III, Economist, Financial Stability Board, Mervyn King, Volcker Rule | Leave a Comment »
Posted on April 13, 2010 by Sabine Kurjo McNeill
Quantitative easing explained the American way on a 6-minute video.
First, I contributed to quantitave easing on Wikipedia.
Now, Ask the Deputy Governor offers the following 16 questions addressed to the Bank of England with their answers.
Aware of the Bank of England Act 1694, I comment not as an economist, but from the perspective of a mathematician, systems analyst and software diagnostician, formerly at CERN, looking at “money” and its purpose:
- 1. Given inflation has only just fallen below the Government’s 2% target, why is the Bank of England adopting such a large unconventional policy measure?
- The effects of monetary policy on prices and real activity only come through after long and somewhat variable lags.
Comment: 2% inflation of consumer prices is only possible when measuring inflation extremely short-term. The Office of National Statistics keeps writing about annual inflation, while also gathering monthly data.
Inflation as “price inflation” is only one aspect. The real inflation is the supply of money as currency for the nation as a whole, which should be called “monetary inflation”.
Filed under: Bank of International Settlements, Monetary inflation, Money supply, Quantitative easing | Tagged: Alan Greenspan, Bank of England, Bank rate, Central Bank, Monetary policy, Monetary Policy Committee, Money supply, Quantitative easing | 15 Comments »
Posted on January 11, 2009 by Sabine Kurjo McNeill
This excellently and superbly written article by the author of Web of Debt, Dr. Ellen Brown has the subtitle “The Direct Approach to Fixing the Credit Crisis”.
It illustrates not only the difference between private and public banks but also highlights the international bank of central banks as the culprit: the Bank of International Settlements in Basel.
This is distinctly the tool that would educate all of the journalists and politicians who need this level of education. But would they act on it???
Filed under: Bank of International Settlements | Tagged: private banks, public treasuries | 2 Comments »