Category Archives: Money Myths

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

Advertisements

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

Money – the economic weapon in financial wars

This is the subject line in my most recent letter to the Business Minsiter The Rt Hon Dr. Vincent Cable.

It links the creation of credit as ‘money’ as the CAUSE with victims of financial exploitation and legal oppression as the EFFECT.

To create money for the compensation of victims of white collar crimes, it suggests that the Treasury could ‘remember’ how to print money and mint coins…

Billions for the Bankers – Debts for the People

The Real Story of the Money-Control Over America is an article by Pastor Sheldon Emry (1926 – 1985). If you have trouble with the server of freedom domain, please try here.

It’s an excellent and bold text with the following titles:

  1. Money is Man’s only “Creation”
  2. Money “Creating” is profitable
  3. Adequate Money Supply is Needed
  4. The Bankers’ Depression of the 1930s
  5. Money for Peace? NO! Money for Wars? Yes!
  6. Power to Coin and Regulate Money
  7. How the People Lost Control to the Federal Reserve
  8. More Disastrous than Pearl Harbour
  9. They Print it – We Borrow it and Pay them Interest
  10. And there’s More
  11. And there’s Still More
  12. The Interest Amount is Never Created
  13. If $60,000 is borrowed,, £255,931.20 must be paid back (14%)
  14. Small Loans do the Same Thing
  15. This is why Bankers Prosper in Good Times or Bad
  16. The Cost to You: Evnetually, Everything!
  17. For the Gamblers among my Readers
  18. Yes, it’s Political, too!
  19. Mounting Debts and Wars
  20. And there’s More
  21. The Constitutional Way – Every Citizen a Stockholder
  22. No Banker’s Plunder
  23. Stable Money
  24. Citizen Control
  25. A Debt-Free America
  26. Why You Haven’t Known
  27. Controlled News and Information
  28. Tell the People
  29. Audit the Federal Reserve System?
  30. Why Haven’t they Told You?
  31. What some Famous Men have Said about the Money Question

An excellent read by a remarkable person!

On “The Ascent of Money”

An American friend once said “any publicity is good, just spell my name right.” After having read this fascinating review The Ascent of Hooey of The Ascent of Money, I also checked on the reviews on Amazon.

They prove what the reviewer writes: the credibility of the author is used to whitewash the status quo!…

Money = “Monetary Aggregates”

Who would have thought that there is more to “money” than the Cash in our pockets or the Credit in our bank, credit card or PayPal account?

Canadian Mike Hewitt who publishes DollarDaze has put it into a nice graph, illustrating the variations from medium of exchange to store of value.

Definitions of the kinds of money banks deal with