The Bradbury Pound in 1914 is the model for what more and more people are waking up to:
- banks create ‘money’ from thin air as Credit and charge interest for it;
- central banks lend it to governments – at interest – as national or public debt – as ‘public spending borrowing requirement’;
- governments have gradually handed over their monetary sovereignty and seignorage to the City;
- the myths surrounding money are being perpetuated by teaching institutions such as the London School of Economics which does not teach what ‘money’ is or who has the power to create it and how:
- the difference between interest-free Cash and interest-bearing Credit.
This ‘Writ of Mandamus‘ is a fresh approach to get the Government to act in the public interest (not just pay lip service).
It deserves support in any shape and form!
We demand that the British Government issues through its Treasury debt-free and interest-free money
……..as it did in 1914!
Overview of our country’s current ‘debt’ situation: Continue reading
Posted in Bank of International Settlements, Cash, Central Banks, Credit, Debt, Fractional reserve banking, Interest, Money, Money Myths, Money supply, National debt, Printing credit
Tagged Bank for International Settlements, Bilderberg Group, British Government, Central Bank, City of London, European Union, Mayer Amschel Rothschild, United States
The UK Uncut initiative is a wonderful expression of the Signs of Our Times:
- it began with a Twitter hashtag #ukuncut
- what manifested as a sit-in of 70 people in a Vodafone store in London
- and spread across the country in no uncertain way.
Spread the word, join in actions, or at least smile!
One Good Cut instead!!!
With thanks to Inquiring Minds.
Posted in Borrowing, Campaigning, Central Banks, Credit Crisis, Credit Crunch, Debt, Economic measures, Government budgets, Money supply, National debt, Spending cuts
Tagged Bailout money, Barclays, credit crunch, debts, spending cuts, Tax avoidance and tax evasion, Twitter, UK Uncut, Uncut
This is an excellent article that brings together a few important strands of thought:
- references to Congressman Ron Paul‘s positive and negative inititatives and limited understanding of the monetary system
- a superb quotation from Thomas Edison about the fact that the Nation should print ALL its money; his original article can be found here
- a most positive critique of Abraham Lincoln‘s greenbacks in the London Times
- a three-point action list for national governments:
- repudiate this lie of a national or public debt
- quit selling interest bearing government bonds on the people’s credit
- print bills on the credit and spend or give them into circulation in the proper amount “to move trade enough to prevent stagnation but not enough to permit speculation”. (Thomas Edison)
See our Early Day Motion “Using the Public Credit”: the first of our list of Early Day Motions since 2002.
And see Green Credit for Green Purposes – our submission to the Treasury Select Committee in 2007.
This video is a superb little summary. Directed by former newspaper editor and publisher Bill Still who produced the classic Money Masters, this short video puts together the quotations from a few key people.
This article is my answer to the invitation by Will Sharp, editor of Left Foot Forward. He asked for less than 500 words:
An economy describes activities that people perform to make a living through money. However, the fundamental difference between Cash and Credit are rarely the object of enquiry among economists. In fact, the daughter of Ellen Brown, author of The Web of Debt, wanted to write her PhD on money creation. But she was told by a professor at the London School Economics that “this is not capitalism”.
The strength of capitalism is not capital. It is the passive income that is generated through interest payments and the control over those who are forced to make such payments. It happens to individuals thanks to loan sharks and landlords. It happens to companies thanks to banks and other institutions. And it happens to nation states. That is least understood; possibly because when dealing with big numbers and enter a state of glazing rather than thinking.