Ban compound interest to save the planet

This article by John-Paul Flintoff appeared on July 23, 2008 and is a great way of telling TIMES Online readers what I’ve been trying to tell the Treasury Select Committee with Green Credit for Green Purposes and Green Taxation v Green Funding.

It was the first of so far three articles. So watch this author and his work!

John-Paul Flintoff signs Public Credit Petition

Richard Douthwaite alerted me to the article about him in Times Online.  And after I contributed a comment, John-Paul Flintoff thanked me and let me know that he had signed. He calls himself an award-winning journalist, author and campaigner. And I can add from reading his articles on-line that he walks his talk of wanting to make sure that his 4-year old daughter has a future to live for.

What a pleasant surprise, both his two articles and his signature. I added the reference to the Description / History of the petition:

• Ban compound interest to save the planet
• Is interest-free lending inevitable?

67 signatures and 845 page views at the time of writing this.

Ban compound interest to save the planet

Here is the excellent article in Times Online – inspired by Richard Douthwaite: Ban compound interest to save the planet. Margrit Kennedy said of course the same thing in her book Interest and Inflation Free Money. My comment says:

Well written, dear Thinking and Reading Author!!!

May I ask the various commentators to consider lending at different levels and over different time frames?

The fact that Governments borrow and that interest payments are in every annual budget must be contributed to flawed thinking or poor institutionalisation. See Debt Management Office.

Who generates the interest required for any governmental, private or corporate loan?

Let’s think ‘money supply’ as the fuel for an economy! Credit is not the only ‘money tap’. In fact, it’s the worst!

That’s what we’re trying to get across with our Public Credit Petition targeted at the Treasury Select Committee.

Maybe you feel like clicking on http://tinyurl.com/666rwd ?

With ‘globally warm’ regards,
Sabine
Organiser, Forum for Stable Currencies