Category Archives: Public Debts

OVER 30 MPs debate #MoneyCreation and Society – #Cash vs #Credit – Governments vs #Banks

UK Parliament debated Money Creation and Society for first time in 170 years.  Here’s what they said – on this video – starting at 11:18:

London, 21st November 2014

On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.

 

Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money[1], when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England[2]

 

MPs acknowledged the problem of their own lack of understanding of money creation [1]:

 

Peter Lilley MP stated that “A lot has been made of the ignorance of Members of Parliament of how money is created. I suspect that that ignorance…… explains many things, not least why we entered the financial crisis with a regulatory system that was so unprepared for a banking crisis.”

 

Zac Goldsmith MP was the first to admit at the debate that he does not fully understand the system, stating, “I suspect that most people here would be humble enough to recognise that the banking wizardry we are discussing is such a complex issue that very few people properly understand it.” Continue reading

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BACK TO the Future: from 1914 (WWI) to 2014 (Bradbury Pound)

13 10 09 Money Matters

13 10 03 ERC BradburyThis 48-page booklet (1981) and this 200-page book (1986) are as fundamental as The Money Bomb (1983) – and as true and relevant today as there and then – if you want to understand how ‘money’ has changed from being a ‘medium of exchange’ to being used as a ‘tool for control’!

The title says it all: Government Debt and Credit Creation! 

WHICH SIDE are You On: Rothschild (City) or Treasury (Westminster)?

13 07 03 Bradbury Logo

I shouldn’t be asking the question: which side are you on: Rothschild (City) or Treasury (Westminster)? For the current Treasurer trained in Rothschild banks, as I once read, but can’t find any reference any more…

A lot of us believe that it would be nice if Parliament became an ethical outfit in 2015 and knew what the real issues are:

This is therefore an important email from Justin Walker (jrgwalker@aol.com), the Coordinator for the Restore the Bradbury Pound Campaign:

Hello everyone,

Sorry, but I’ve been doing a lot of quiet thinking/research in the last couple of weeks.   Dangerous I know!  But I would be grateful if you could spread this email out far and wide to get this very important information out, especially as the world will be looking in detail at this period of history next year.

Now I have one big question-mark about the actual 1914 story of the debt-free, HM Treasury-issued Bradbury Pound which has been nagging at me ever since I was first alerted to this little known episode in our country’s history.  It has nothing whatsoever to do with the concept and the principle of a sovereign nation issuing its own debt-free currency based on that nation’s credit.  We all know that the restoration of the Bradbury Pound is our lifeline and trump card to a more sane and prosperous future free from the criminal bankers.

No, the question which is bothering me is WHY did Lloyd George cave in so easily to the bankers by phasing out the issuance of debt-free treasury money in favour of going back to agreeing to debt-creating loans from the private bankers?  What did they have on him which made him cave in so easily to their demands?  Was he frightened?  Possibly.  Was he being blackmailed for his well known penchant and weakness for young women?  Again possibly.  Or was he a part of the game and a ‘sleeper’ for the Rothschild Zionist ambitions for a Jewish ‘homeland’ state in Palestine along with the whole ‘Illuminati‘ satanic globalist approach and agenda to international affairs?  Well, in my opinion, it’s a very real possibility.   In Lloyd George’s war memoirs concerning his actions as Chancellor of the Exchequer, he emphasises that he had an historic disagreement with Lord Rothschild.  On page 104 he writes: Continue reading

THE BRADBURY Coming to the Rescue – to solve social, political and economic issues

The Growth of Credit over Cash since 1943

The Growth of Credit over Cash since 1943

The Bradbury Pound to the Rescue! 

A little known historical precedent that will stop the criminal debt-creating banksters well and truly in their tracks!

Central Banks – the Irresponsible Institutions

The completely contrived and planned global debt bubble is rapidly becoming unsustainable and will burst at some point very soon bringing with it a financial meltdown on a scale never before seen.   It’s now clear from whistleblowers and researchers that the cabal that makes up the debt-creating banking elite, with their global network of central banks (including the Bank of England and the Federal Reserve) led by their little known Bank for International Settlements (BIS), has a well laid plan to collapse the world’s economy.

One World Debt-Based Currency – the mechanism for Global Slavery

The plan, using unsustainable and unlawful debt to collapse the major currencies of the world, is well advanced.   It’s all about the banking elite’s long term goal to create a centralised and global electronic currency – a currency that will inevitably lead to the reality of a cashless world where complete Orwellian control decides who gets paid and who doesn’t! Continue reading

Santa Claus creating presents from thin air – a video making fun of ‘economics’

As a mathematician and systems analyst, I have long claimed that economics is a ‘pseudo-science’. It was set up deliberately to camouflage what central bankers and other banksters are doing: create ‘money’ from thin air and charge interest for it that never gets created…

This becomes apparent when you learn that ‘money’ is never the subject of teaching at the London School of Economics, let alone the difference between Cash and Credit. When the daughter of the author of The Web of Debt wanted to write her thesis about the national debt, she was told “that is not capitalism”, i.e. it’s more a religion than a science!

Deck the Halls with Macro Follies is a video that makes fun of economic jargon and consumerist slogans – as a way of re-confirming those of us ‘in the know’ and possibly allowing some viewers to question what’s going on in terms of ‘Macro Follies’.

Three news items re US Government Debt and World Banking as the Playground for a World Government

Government debt as percentage of GDP globally....

Government debt as percentage of GDP globally. (2009 estimates) (Photo credit: Wikipedia)

Short Video: Why the U.S. Government Will Default on Its Debt
09-28-2012  •  http://www.garynorth.com, Gary North
The deficit of the U.S. government cannot be sustained. The general public does not understand this.
http://www.freedomsphoenix.com/News/119684-2012-09-28-short-video-why-the-u-s-government-will-default-on.htm?From=News

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Paul Craig Roberts: America, The Next Banana Republic
09-28-2012  •  http://www.prisonplanet.com
Alex welcomes American economist and Infowars contributing writer Paul Craig Roberts to discuss the impact of European austerity measures on world markets amidst ongoing riots.

http://www.freedomsphoenix.com/News/119646-2012-09-28-paul-craig-roberts-america-the-next-banana-republic.htm?From=News
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Video: World Banker Makes Stunning Confession

Posted: 02 Oct 2012 12:16 AM PDT

The economic crisis should make people realize that banksters have deliberately lent too much money, knowing it will lead to chaos. Some at the top want to sit in international financial commitées to monitor the world economy as some kind of legislative and regulatory officers. But first they need currency crashes, instability and a global downturn. Perhaps a third world war. Then people will call for a tightly regulated not competitive market. China is a test for how the world government might work.

http://www.youtube.com/watch?v=mOwZwkhFemQ

It’s Time to Fix Banking – a Petition in the Right Direction…

English: A crowd forms on Wall Street during t...

English: A crowd forms on Wall Street during the Bankers Panic of 1907. (Photo credit: Wikipedia)

It’s nice to see when ‘beginners’ in monetary reform tackle our systemic money problems, by tackling the banking issue. Here are the four simple demands that 38 Degrees have formulated in their petition It’s Time to Fix Banking:

Dear Banking Committee

Please hold the banks to account for the way they’ve behaved. The scandals need to stop. You need to make sure:

  • Banks put customers first, not bankers
  • There are tougher rules to keep banks in line
  • There are proper punishments for bankers who break them
  • It’s easier for us to move to a different bank when we want to.

But no banking regulation and no punishment of bankers will change

  • the Government’s dependence on public debts
  • the Government’s unwillingness to spend the Cash that it can print and mint into the economy
  • the Government’s willingness to bail out banks rather than businesses…

And thus we know better than ever: money rules the world, as created by banks, not in the spirit of the writers of the Bank of England Act 1694 though!