Category Archives: United Kingdom

Support Iceland Against the Financial Blackmail of the British and Dutch Governments and the IMF

This document is (for the time being) on Wikileaks. But many NetNews agencies publish the story, e.g. Rense.com and Voltaire.net

Call To The People Of The World
To Support Iceland
Against The Financial Blackmail Of The
British And Dutch Governments And The IMF

By Birgitta Jonsdottir
1-6-10

It has been promoted by creative spirit Birgitta who can be reached via birgitta AT this.is

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Anne Belsey’s Money Reform Party

This is the latest story by most admirable Anne Belsey who applies her creative spirit to tireless campaigning which includes talking to 25 – 40 strangers a day:

Money Reform Party

e-Newsletter September 2009

Dear Money Reformers,

I write to you in the middle of the political conference season, mindful that the Bromsgrove conference is less than a week away. I regret that I shall not be there this year, so I thought to update you with news of my own activities.

Knocking on doors

I now spend a big part of each day knocking on people’s doors. This takes place in either the historic cathedral city of Canterbury (Motto: Ave Mater Angliae), the picturesque harbour town of Whitstable or one of the surrounding villages set in deepest rural Kent.

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A Petition and the Response from No 10

With a view to the meeting of the G20 leaders in April, the online petition to include international and national monetary reform on the G20 agenda received 523 signatures.

It can be read here and the Government’s response is here.

Only martial artists know how best to respond to being fobbed off in such an obvious way…

Enforcement of Bank of England Act 1694

This Early Day Motion was tabled by our Chairman Austin Mitchell MP on April 20, 2009:

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties’ subjects may not be oppressed by the said corporation’, notes that those subjects have been seriously oppressed by the Bank’s failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.

Today the first three MPs have signed. Will you get your MP to sign via WriteToThem

In our observation, oppressions through banks are due to:

1. There is now only a limited number of qualified staff in every branch. In fact, what used to be professional training for a professional body, ACIB, has become a “School of Finance“.
2. The training in “banking” is limited. It consists only of “sales”.
3. There is now little responsibility in local branches.
4. Instead, all decision making has been centralised. This results in the decision makers having little personal knowledge of the client or a perspective about a business.
5. There is little comprehension of day-to-day business issues.
6. There is no realisation of the criticality of time or expediency.
7. There is limited knowledge of supposed Government support. As an example, the Small Firms Loan Guarantee Scheme (SFLGS) was reducing before the crisis.
8. Instead of joined-up thinking, staff are only box tickers and have no room for initiative.
9. MPs have very limited knowledge of the depth of the problems, even before the crisis.
10. Day-to-day business borrowing for “normal” clients has never been excessive. In fact, it was already very restrictive to Small and Medium Enterprises (SMEs) and often even obstructive.

The future of finance

JOINT PRESS RELEASE from CompleteMediaGroup and the Forum for Stable Currencies:

Sterling Cash burning into smoke

Sterling Cash burning into smoke

At 11am on Thursday 23rd April in the House of Commons Grand Committee Room, expert speakers will create the debate on financial reform at the Forum for Stable Currencies. Expert speakers will be advocating economic democracy through freedom from National Debt. They will address the monetary problems connected with the banking crisis and global recession, discuss solutions to the problems and put together a framework for change. The speakers are leaders in the field and include Lord Sudeley, Austin Mitchell MP, Derek Wyatt MP, Michael Grimsdale ACIB (Associate of the Chartered Institute of Bankers), Abdallah Homouda, political scientist, respected journalist and TV commentator. The event is sponsored by Bartercard, the world’s largest trade exchange. Bartercard enables account-holding businesses to exchange goods and services with each other, saving valuable cash, without having to engage in a direct swap. Bartercard has created a new form of stable currency; the trade pound, which offers one solution to the economic crisis because it allows businesses to trade and grow without the need for cash or credit from banks. This is increasingly important as private banks have replaced money with financial ‘products’ and ‘instruments’ as a medium of exchange; replacing prudence with profits by accumulating toxic assets, packaging unsustainable debts and selling them on to unsuspecting buyers. As a result the banks are suspicious and unwilling to lend or trade with each other. Please email sabine@3d-metrics.com if you want to attend. Notes to editor Cash (notes and coins) and credit make up the money supply. After the Second World War, 53% of the UK money supply was in the form of credit (debt) issued by banks at interest. Now that figure stands at 97%. By making more and more money from credit (or debt) the financial economy is more and more disconnected from the real economy. This is inherently unstable as the money necessary to pay for interest on credit is simply not there. That means virtually everybody is borrowing at interest to pay off interest as well as capital. The mathematics of compounding interest on interest results in a cycle of boom and bust. Because the money supply being is controlled by central banks, successive UK governments have tended to increase the ‘National Debt’ to fund growth or ‘fiscal stimulus’ packages, rather than make cut backs to repay the debt (unpopular with voters) or print money themselves. [See the Forum’s petition Stop the Cash Crumble to Equalize the Credit Crunch, asking the Treasury Select Committee to organize an inquiry into the money supply. More on http://tinyurl.com/666rwd] Financial institutions are increasingly using legal enforcement to call in loans, cause bankruptcies, home repossessions, unnecessary litigation and even suicides. Through the national debt they also exploit and constrain the state’s budget, thus limiting political freedom. The dubious benefits of unfettered market forces and a Western capitalist ideology have faced no serious opposition since Glasnost (openness) and Perestroika (restructuring) effectively brought an end to communism in the former Soviet Union. Even communist China has embraced capitalism; transforming its economy and becoming a global super-power in the process. It seems the world has made a collective decision to accept the inevitable economic losers as well as winners; deregulate and let the so-called free market work its magic… but now the market’s spell is well and truly broken together with the global economy. At the recent G20 summit in London, the governments of the twenty most powerful nations on Earth decided to throw over $1 trillion at the ailing financial system. Along with previous commitments, this will take the total to over $5 trillion spent on propping up some of the biggest of those banks, institutions and financiers which have failed us so spectacularly. Yet, instead of trying to paper over the deep cracks in the global financial system, we should aim to rebuild a more democratic and fairer global economy. Fresh thinking and a modern-day Glasnost (openness) and Perestroika (restructuring) are required for a capitalist world. Ushering in a second decade of meetings, the Forum for Stable Currencies will provide the platform for key decision makers to discuss the hows and whys of creating a better future.

Six Petitions for our causes online!

Petitioning for our causes is in the air! In chronological order of publication:

1. Targeted at the Treasury Select Committee

2. Aimed at the Prime Minister’s Office

Please click, sign and forward, if anything rings true for you! We must have 200 signatures before being ‘taken seriously’, according to MySociety, the No.10 petition hosts.

Exploiting National Debt mechanisms for Bailout money

Most people don’t understand the significance of the national debt: it is used to increase the money supply, so that people can buy ‘gilts’ and thus obtain interest as passive income.

‘Gilts’ or ‘national bonds’ are issued by the Government, backed by the Nation as an entity. But unfortunately the taxpayers of the Nation do not benefit. Only the people who can buy those papers.

Today’s article in the Telegraph may bring it home: people who are in a position to dip into the money pot, do so:

Government stakes in RBS and Lloyds could add £1.5 trillion to UK national debt