Since then, eleven MPs have signed EDM 1449 which proposes to tax the profits of credit creation.
This is a completely new approach for the Government to deal with the credit crisis created entirely by the financial industry.
So far, Austin Mitchell MP’s EDMs relating to monetary reform focussed on the “cash crumble” that has been happening steadily since WWII.
Now that virtually all money in circulation is generated as credit, Nobel Peace Prize winner Muhammad Yunus who recently visited the Prime Minister says “access to credit should be recognised as human right“.
Instead of the Government feeding banks with yet more money, Austin Mitchell MP says “credit creation needs to be taxed at source”.
In 1944, Labour MP Norman Smith said: “There is always enough money for war, but never enough for health and education.”
In the face of global climate emergencies, should we not put our best thinking together and overcome vested credit interests?
Sabine McNeill, Organiser, Forum for Stable Currencies
Barbara A. Panvel, New Era Coalition
Mary Fee, LetsLink UK
Dave Wetzel, Chair, The Professional Land Reform Group