Category Archives: United Kingdom

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

BRING BACK the Bradbury Pound! Towards 100th Anniversary of Historic Solution to end Britain’s crisis, austerity & corruption

13 07 03 Bradbury LogoBring 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: Continue reading

BRING BACK the Bradbury Pound – interest-free – backed by Public Credit – issued by The 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: 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

Public Sector Debts and their Absurdity

 

English: HM Treasury Crest

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.

Budgets 1999 - 2012

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!

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…

Mervyn King’s view on ‘the new politics’

This blog entry by Channel 4 economics editor Faisal Islam indicates how the Bank of England pulls the real financial strings behind the political scene and how the City of London runs Westminster and thus the country, not to say the world.

If only it was common knowledge that

1. the first national debt was established in 1694 by setting up the Bank of England; see http://bit.ly/aNRGPw; it resulted in a general debt-based economy world-wide

2. the purpose of the crisis was revealed by the 10-year budget analysis and the “kink” in 2008; see http://bit.ly/aGrAbn

3. there are fundamental differences between the Bank of England’s “quantitative easing” http://bit.ly/cVPxOJ and the Treasury “printing money”: interest, aka vested interests of greed and unaccountability.

May more and more people wake up and understand

  • a Nation’s money supply is fuelled from a number of sources
    • central banks
    • banks and other financial institutions
  • a Government’s budget is only a certain share of the whole of the supply – generally around 40%
  • governments issue money as Cash aka M0,
  • but they “prefer” to borrow, pay interest and charge taxes – for the benefit of bank(st)ers who issue money as Credit out of thin air and charge interest for it….

Follow the money and welcome to hopefully a new level of disillusionment!