Category Archives: Issues

STOP #PRIVATEBANKS from printing #publicmoney as #publiccredit

This video was recorded when Martin Wolf, Chief Commentator at the Financial Times, addressed the Institute of Chartered Accountants of England and Wales and Positive Money.

Here’s one of his comments: Strip private banks of their power to create money.

In 2008 he published the book Fixing Global Finance.

His speech inspired me to send him this email:

Dear Mr Wolf

OPEN EMAIL Continue reading

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WE DEMAND that the British Government Issues through its Treasury Debt-Free and Interest-Free Money – as it did in 1914!

13 07 03 Bradbury LogoThe Bradbury Pound in 1914 is the model for what more and more people are waking up to:

  1. banks create ‘money’ from thin air as Credit and charge interest for it;
  2. central banks lend it to governments – at interest – as national or public debt – as ‘public spending borrowing requirement’;
  3. governments have gradually handed over their monetary sovereignty and seignorage to the City;
  4. 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

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. Continue reading

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…

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

From David Graeber, the author:

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

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DEBT: THE FIRST 5000 YEARS

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is finally, finally out!

http://www.amazon.co.uk/Debt-First-5-000-Years/dp/1933633867

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.

Continue reading

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!

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!…