Tag Archives: United States

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

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

CUTTING LOOSE: Russia Today on ‘Hungary Pays off IMF Debt’

This development in Hungary is a remarkable change of the tide. I analysed the 10 German articles that led to Hungary Sheds Bankers’ Shackles in the American Free Press.

What I find most interesting is:

  1. the ‘F U’ to the International Monetary Fund (IMF) is accompanied by a media law – to report with ‘political balance’;
  2. the controversy in political circles includes the EU;
  3. most German mainstream media articles illustrate the lack of understanding of the creation of money, but hone in on highly charged emotive words;
  4. the English speaking mainstream media are silent;
  5. if only the UK Government had its electorate in mind, it would bring back the Bradbury Pound by the time of its 100th anniversary on 7 August 2014!

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

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!

Debt, Debt, Debt [and nobody asks where the Interest is supposed to come from…]

An interesting article from an interesting source:

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CHART OF THE WEEK

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Phone (416) 604-0533  or (toll free) 1-866-269-7773 , fax (416) 604-0557

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Above is an interesting chart that has been making the rounds on the internet. Oddly I have yet to find the original article that was the source from Haver Analytics an independent research arm of Morgan Stanley (MS-NYSE).

Continue reading

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

From David Graeber, the author:

=============

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