National Debts

The Forum for Stable Currencies has been created to advocate economic democracy through freedom from national debts, also called public or government debts.

Since the ‘credit crisis’, national debts have been mentioned as big figures. But nobody seems to question their validity or benefits, let alone their damages.

Let’s put it in a nutshell:

  • national governments have been creating Cash (notes and coins) free of interest – as a medium of exchange
  • with the Bank of England Act 1694, the first National Debt was born: £ 1.2 million at 8%
  • since then, other Central Bankers have issued “money” as “Credit” to national governments
  • governments believe they can raise money only by taxing or by borrowing.

What’s the problem?

  • that nobody creates the INTEREST that is necessary to pay off Credit
  • hence we, the voters and consumers, pay taxes so that interest payments on “public debts” can be serviced
  • in the UK, these interest payments constitute similar amounts to military expenditures.

More in our submission to the Treasury Select Committee: Green Credit for Green Purposes and on Public Debts with Vested Interest Payments.

Also in German on Die Geissel der Nationalen Schulden – Wie Völker verwirtschaftet werden, und Europa es besser machen könnte.

More on Public Debts => Problems.

2 responses to “National Debts

  1. Pingback: Fed under fire as public anger mounts « In the Spirit of the Forum for Stable Currencies

  2. BLOOD LINE GENOCIDES

    Haringey in London is a place were children and mothers are killed by local authority.
    Human Right is being violated Article 8, family life violated.
    Article 6 right to a fair hearing violated
    Children been drugged to loss their memory,sexually assaulted and Abused by the local authority.
    A place were parent are being tortured ,Assaulted ,humiliated.
    A place were children and parents disappear to avoid evidence against Haringey
    .A place were children are put in care with false allegations.
    A place were parents human right is being Exploited.
    A place were drugs are being planted on parents
    A place were mother have being dead for not been allowed contact to see their children for 4years.
    A place were parents are not allowed to see their children.
    A place were siblings are not allowed to see each other
    .A place were family are being destroyed.
    A place were children are abuse to death by the local Authority.
    A place were the innocent parent are been convicted.
    A place were mother was sent to jail for fighting for the right of her son.
    A place were false allegation is being made against parents.
    A place were children are being stolen to meet adoption targets.
    A place were mothers are Tortured to death by local authority to wipe Evidence and keep children for life.
    A place were the police are being used to assault ,abuse and tortured parents.
    A place were expert and professional are been paid to write a false report and destroy innocent families.
    A place were crime against humanity is being committed by local authority.
    if you are a victim of Rosita Moise ,Maria Foster and Haringey please send your name , address and story to the address below.

    IN HARINGEY THEY KIDNAPPED CHILDREN WITH FALSE ALLEGATION AND USE THEIR CONNECTION IN COURT TO LEGALIZE THE KIDNAPED.

    Mr Salim Mamdani Children were removed and put in care by haringey, His wife was Killed by Haringey , Salim is been gagged with an injuction.
    Why will haringey Killed Mrs Salim Mamdani and contact with his children has been stoped by haringey.

    You can contact Mr Salim Mamdami and find out for yourself.
    Mr Salim Tel no :07963521553 Email:lordsalim@hotmail.co.uk

    http://www.telegraph.co.uk/comment/columnists/christopherbooker/

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