The Bradbury Pound in 1914 is the model for what more and more people are waking up to:
- banks create ‘money’ from thin air as Credit and charge interest for it;
- central banks lend it to governments – at interest – as national or public debt – as ‘public spending borrowing requirement’;
- governments have gradually handed over their monetary sovereignty and seignorage to the City;
- 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
Posted in Bank of International Settlements, Cash, Central Banks, Credit, Debt, Fractional reserve banking, Interest, Money, Money Myths, Money supply, National debt, Printing credit
Tagged Bank for International Settlements, Bilderberg Group, British Government, Central Bank, City of London, European Union, Mayer Amschel Rothschild, United States
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:
- the ‘F U’ to the International Monetary Fund (IMF) is accompanied by a media law – to report with ‘political balance’;
- the controversy in political circles includes the EU;
- most German mainstream media articles illustrate the lack of understanding of the creation of money, but hone in on highly charged emotive words;
- the English speaking mainstream media are silent;
- 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!
Posted in Blogosphere, Borrowing, Bradbury Pound, Central Banks, Debt, Hungary, International Monetary Fund (IMF)
Tagged American Free Press, BRIC, Fidesz, Hungary, International Monetary Fund, List of Prime Ministers of Hungary, United States, Viktor Orbán
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
Posted in Bank of England, Central Banks, Fractional reserve banking, Money, Money supply, Public Credit Petition, Treasury Select Committee, United Kingdom
Tagged Austin Mitchell, Bradbury, Bradbury Pound, Brian Gerrish, Central Bank, Cyprus, Early Day Motion, Government, government debt, Greenback, John Bradbury, Treasury Select Committee, Twitter, United States, William Franklin
An interesting article from an interesting source:
CHART OF THE WEEK
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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).