Westminster in bondage to the City

Here’s what Ronald Rankin, publisher of Scottisch Monetary Reform and author of the oldest statistics about the Cash : Credit ratio writes about the current crisis:

Instead of Banks being allowed to CREATE ‘money’ out of nothing and then convince our Governments to legitimise this with gilt-edged securities, and after that have the audacity to lend it to said Government treasuries plus usurious interest; it must be put right way up where the State (in the name of the people) creates its own money, including debt/credit, and obliges private Banks to borrow from them at a low rate of interest which accrues to the State.

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