BRING BACK the Bradbury Pound – interest-free – backed by Public Credit – issued by Treasury rather than Banks

Green Credit for Green Purposes was our proposal to the Treasury Select Committee in 2008 – ‘to do it electronically’.

But on 7 Aug 1914 the Private Secretary to the Chancellor of the Exchequer did it on paper: John Bradbury signed the Bradbury Pound – instead of borrowing money from private investors for the Government.

Justin R G Walker talks about it to Brian Gerrish of UK Column on this video and mentions the ‘credit of the Nation’.

Austin Mitchell MP has been tabling Early Day Motions along the Public Credit since 2002.   It sounds so simple and yet is so profound:

OVERT MONETARY FINANCING or ‘Helicopter Money’ Policies – Lord Turner is waking up?

Anatole Kaletsky writes about the 46-page speech that Lord Turner, Chairman of Britain’s Financial Services Authority gave at the Cass Business School on 6th February 2013.

Positive Money writes Adair Turner tumbles to the merits of a Positive Money idea.

In 2008, I had been advised by a human rights lawyer to ‘go for Parliamentary scrutiny via the Treasury Select Committee‘. Since the Treasury Select Committee had just announced their inquiry into climate change, we submitted Green Credit for Green Purposes.

Since 2002, Austin Mitchell MP has been tabling Early Day Motions to address exactly this: ‘overt monetary financing’ – but under a different label: public credit.

You can really tell from this speech how “the Religion of Money” has won over the Lost Science of Money, as men struggle with: whom to follow and whether to be for or against the ‘current consent’:-

• a virtually surefire method of stimulating economy activity exists today and that politicians and central bankers can no longer treat it as taboo: ‘newly created money should be handed out to the citizens or governments;
• distribute free money to end deep recessions;
• quantitative easing for the people;
• overt monetary financing (OMF) or “helicopter money” as ‘permanent monetisation of government debt and ‘extreme option’ in ‘extreme circumstances’.

Strangely, Lord Turner associates ‘inflationary risks’ and ‘printing money’ with Germany: the Bundesbank, Goethe’s Faust and the devil itself: Mephistopheles.

When bankers get together for dinner, they discuss Art. When artists get together for dinner, they discuss Money – Oscar Wilde

What a great email – hopefully it went to lots of bankers, too!

When bankers get together for dinner, they discuss Art. When artists get together for dinner, they discuss Money – Oscar Wilde

Dear fellow Money or Artmoney colleague.

We all have heard that: “Money is the Root of all Evil”. In fact, this phrase has its origins in the Bible, which says: “For the Love of Money is the Root of all Evil.”

Somehow Love vanished with the passage of time. But what would happen if Love would return to the equation, and we would start asking ourselves: “What is the Root of All Money?”

Wouldn’t Love be a great answer?!

Public Sector Debts and their Absurdity

 

English: HM Treasury Crest (Photo credit: Wikipedia)

Social Credit is the antithesis to Public Debts.

The Absurdity of the National Debt was already published by the then Duke of Bedford in 1947 but didn’t make a difference.

To the contrary: the dependency of Governmental budgets on Public Sector Borrowing Requirements (PSBR) kept increasing over the decades. In other words: Governments continue to sanction public debts for vested interest payments.

This chart published by the Economic Research Council shows the absurdity in nowadays terms, covering 2010 – 2060 in five different population scenarios.

This chart covers the past years since 1999, when HM Treasury started to publish budgets in a similar way every year.

“Interesting” how the interest costs rose above the defence costs in the 2008 crisis when ‘other’ costs began the ‘austerity cuts’…

The difference that the national debt makes is the amount of vested interest payments!

Related articles

• 138 Years of Economic History Show that It’s Excessive PRIVATE Debt Which Causes Depressions (zerohedge.com)
• Repudiating the National Debt (chasvoice.blogspot.com)
• Hamish McRae: Rising debt risks UK’s safe haven status (independent.co.uk)
• David Cameron dodges debt target question (independent.co.uk)
• Miliband confronts Cameron on pledge to get national debt falling by 2015 (guardian.co.uk)

A Matter of Life or Debt – Resolving the Economic and Ecological Crisis: a feisty book review

The book is called Against Usury and the author is Robert van de Weyer – an economics lecturer who became a priest. Of course: he resolves the economic and ecological crisis, as any critical thinker / writer could. But: it is also clear that the agenda of the global financial elite is NOT to solve any crisis, but to control people and resources. Hence we are experiencing spiritual, ethical and moral battles that underlie the crises that we perceive.

The review is a beautifully feisty critique of the system that the minority that calls itself ‘monetary reformers‘ has been analysing for decades.

May the magic of the web allow enough people to think up alternatives, while the usurious dragon of capitalism seems to try its very best to devour earth and its peoples…

Related articles

• The culture of debt (3eintelligence.wordpress.com)
• Waiting for Gaia. Composing the Common World Through Arts and Politics PDF (knowledge-ecology.com)
• USURY: The Instrument Of World Enslavement (seeker401.wordpress.com)
• Escaping Universal Usury (jembendell.wordpress.com)

Debt: the First 5000 Years – a new book about an old problem

From David Graeber, the author:

=============

Hello, friendly strangers, I’m delighted to announce my new book….

———————————————

DEBT: THE FIRST 5000 YEARS

———————————————

is finally, finally out!

Debt: The First 5,000 Years

This is a work of scholarship, and politically engaged, but it’s also an attempt to break out of the usual academic and activist ghettoes, and I wrote it that way because I think that there’s a conversation we need to be having, not just nationally but also globally, that we began to have for a few months after the financial crash of 2008, and which has, since, been indefinitely postponed.

25 Reasons To Absolutely Despise Bankers And Their Minions

1) Bankers, according to the London Times, launder about 400 billion dollars a year or more in illegal weapons sales. The next time you hear of an African war lord killing families so he can kidnap young boys to become child soldiers and young girls to become child sex slaves, please remember that this could not have happened without the active assistance and cooperation of the bankers and the politicians they own.

2) Bankers told American businessmen that entering World War I would make the Great War last longer which would be good for the United States because it would bankrupt England, France and Germany. Calvin Coolidge on Veterans Day in 1928 said America had lost only 30,000 soldiers during the war but another 100,000 since the war ended. Those men had died of their wounds after the Armistice was signed. Everyone who died after 1915 in WW I died for bankers and Israel.

Private Debt Money questioned by Class Action against the Fed

This is a remarkable US initiative by victims of foreclosures who have a group of “Warrior Layers” as their allies.

Together they mount a class action against the Fed.

Join in!

May this become a model for more class actions against more central banks!

Issuing Money: a ‘Unique’ Form of ‘Terrorism’!?

The New York SUN has published an interesting Editorial on March 20, 2011:A ‘Unique’ Form for ‘Terrorism’, comparing Bernard von NotHaus who has been coining the Liberty Dollar (site removed due to Court Order!) with Ben Bernanke the boss of the Federal Reserve.

Von Nothaus wanted to bring our monetary system on trial. Now the verdict of the jury is “a lesson in the difficulties of illuminating the illogic of our monetary system”…

When will “it” be common knowledge and generally understood???

The best 3-minute video on the “creation of money” from thin air

Perfectly brilliant animated video:

• on a British site
• as “Plan B” for the British economy
• suggesting to cut bonuses and benefits to bankers..

Too much common sense!…