Category Archives: Challenging the Recession

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

The BRADBURY POUND – in anticipation of its 100th Anniversary

13 07 03 Bradbury LogoBring Back the Bradbury Pound!

Countdown to 7th August 2014 

100th Anniversary of Historic Solution

to end Britain’s ‘crisis’, austerity & corruption

There is a deep malaise affecting our country – something is clearly not right. To catch a criminal, a good policeman will always tell you to follow the money and to ask, cui bono – who benefits?

The network of private central banks led by the Bank for International Settlements in Basel, Switzerland, have taken control of the world’s money supply to achieve global governance on their terms – hardly beneficial for the human race.

The way to ‘stop and reverse’ is to ask:

  • Why doesn’t the British government through its Treasury issue debt- and interest-free money?
  • Why do our politicians go to private bankers who create money out of thin air – as figures on a computer screen?
  • When this ‘money’, or ‘nothingness’, is received by our government, why do we, as taxpayers, pay £50,000,000,000 interest a year?

Austin Mitchell MP, Chairman of the Forum for Stable Currencies[1] has been tabling Early Day Motions since 2002 to this effect.

In the US, this principle – a sovereign nation’s treasury issuing its own debt-free and interest-free money without going anywhere near the private central banks – was implemented by Abraham Lincoln in 1861 with his Greenback Dollars which secured the final victory for the North in the American Civil War.

Fifty-three years later, in August 1914 at the outbreak of the First World War, the British Government passed an Act allowing the Treasury to issue debt-free and interest-free money that became known as Bradbury Pounds.

“I have two enemies; the Southern army in front of me and the financial institutions in the rear. Of the two, the one in the rear is my greatest foe” Abraham Lincoln.

13 07 03 Bradbury Lincoln

The Bradbury Pound was an emergency measure brought in by the then Chancellor of the Exchequer, David Lloyd George, to prevent a possible run on the banks, as people adjusted to the news about the outbreak of the Great War. 

To read the full story of this virtually unknown historical precedent, go to www.ukcolumn.org and click on the Bradbury Pound campaign logo.

And an awesome historic 6,000 word article can be found under John Bradbury & Thomas Paine.

For further information, please contact Campaign Director Justin Walker at jrgwalker@aol.com

Kathleen Parker in The Washington Post: The economic crisis was an ‘inside job’

The most forgiving American will want to seize a pitchfork and march on Wall Street. Or Harvard Square. Or in front of the White House. There are so many despicable parties, it’s hard to pick a favorite. Is it time to reconsider the Axis of Evil?

The article is actually a review of the film Inside Job with a few pertinent points:

  1. assigning blame to either Democrats or Republicans is pointless
  2. many investment bankers knew the mortgage loans they were selling, were junk
  3. the cosy relationship between Wall Street and Ivy League academia is eye-opening, i.e. revealing conflicts of interest
  4. notably missing from the film, declining to be interviewed, are: Larry Summers, Tim Geithner, Hank Paulson, Alan Greenspan and Robert Rubin.
  5. “Obscene” is the word that comes to mind: the game has been rigged so that only a few were in positions to get rich at the expense of the middle class, not just here but globally.
  6. the only remaining question is why some of these people aren’t being prosecuted for fraud or at least shirking fiduciary duty.

Another excellent film review is here.

Called “the most in-depth look” on MOXNEWS.COM, Charles Ferguson is being interviewed here, making the following points:

  • extremely unethical behaviour
  • unbelievably unlikely that there wasn’t also criminal fraud
  • but not a single seniour executive has been prosecuted.

Professor William Black comments and suggests the following:

  1. replace bank regulators
  2. end FBI partnership with MBA
  3. fire Eric Holder, the current Attorney General.

What can we do now?

  1. fire Geithner, Sumers and the heads of the banking regulatory agencies
  2. get people who believe in prosecution
  3. make a Top 100 list of most serious cases instead of the least serious ones.

 

Move Your Money

Move Your Money is the campaign initiated by Arianna Huffington who publishes the No. 1 blog: The Huffington Post.

It simply suggests to leave the “too big to fail” banks and work with the small banks and credit unions instead.

Back to Building Societies in the UK? In Germany, “too big to fail” has been translated into “relevant to the system”. Another way of describing how the big banks are expected to gobble up the little ones in the name of globalisation and one world government with one world currency…

Here’s the original article.

Tackling the Oppression of HM Subjects

In 1694, the authors of the Bank of England Act anticipated that the power to create currency may be abused to oppress HM subjects. Hence they foresaw punishment at least for the Corporation.

What they did not foresee is the punishment of all the institutions that depend on the Bank of England.

One such institution is the London School of Economics where Her Majesty asked recently: why didn’t anybody see it coming? Well, here is an interesting answer from Thomas Palley who advocates Economics for Democratic & Open Societies.

Meanwhile we all endure this nearly 100% dependency on central bankers in general and the BoE in particular: everybody needs money that banks, under the supervision of the BoE, issue as interest-bearing credit. We need money to survive, as we don’t find our own food. We need money from jobs, but institutions and corporations are failing us, even pension funds.

Self-employment or entrepreneurship is advocated in theory but not in practice. (I write from bitter experiences.)

And thus we end up not only being oppressed by the Bank of England but by all the institutions that use Sterling to finance jobs.

And that’s when power corrupts and absolute power corrupts absolutely: in addition to bankers, lawyers, solicitors, judges, insolvency practitioners abuse the law and get away with white collar crime not only to oppress but to exploit and be violent.

Once upon a time a wise Lord said that the UK has not had a revolution because the Lords always beeing thinking long term… Well, the City has succeeded in making them disappear, too.

What next?

We can only help each other to be vigilant and supportive. Hence we started to collect “evidence of oppression” by the banking system on www.3dm1297.info.

Of course they are only symbolic and indicative of the tip of an iceberg of unprecedented economic violence and institutional injustice. But at least they are there. May they encourage others to follow suit.

Enforcement of Bank of England Act 1694

This Early Day Motion was tabled by our Austin Mitchell MP on April 20, 2009.

This site is dedicated to gathering case studies that relate to the terms mentioned in the text:

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties’ subjects may not be oppressed by the said corporation’, notes that those subjects have been seriously oppressed by the Bank’s failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.

Today the first three MPs have signed. Will you get your MP to sign via WriteToThem?

In our observation, oppressions through banks are due to:

1. There is now only a limited number of qualified staff in every branch. In fact, what used to be professional training for a professional body, ACIB, has become a “School of Finance“.
2. The training in “banking” is limited. It consists only of “sales”.
3. There is now little responsibility in local branches.
4. Instead, all decision making has been centralised. This results in the decision makers having little personal knowledge of the client or a perspective about a business.
5. There is little comprehension of day-to-day business issues.
6. There is no realisation of the criticality of time or expediency.
7. There is limited knowledge of supposed Government support. As an example, the Small Firms Loan Guarantee Scheme (SFLGS) was reducing before the crisis.
8. Instead of joined-up thinking, staff are only box tickers and have no room for initiative.
9. MPs have very limited knowledge of the depth of the problems, even before the crisis.
10. Day-to-day business borrowing for “normal” clients has never been excessive. In fact, it was already very restrictive to Small and Medium Enterprises (SMEs) and often even obstructive.

The future of finance

JOINT PRESS RELEASE from CompleteMediaGroup and the Forum for Stable Currencies:

Sterling Cash burning into smoke

Sterling Cash burning into smoke

At 11am on Thursday 23rd April in the House of Commons Grand Committee Room, expert speakers will create the debate on financial reform at the Forum for Stable Currencies.

Expert speakers will be advocating economic democracy through freedom from National Debt. They will address the monetary problems connected with the banking crisis and global recession, discuss solutions to the problems and put together a framework for change. The speakers are leaders in the field and include Lord Sudeley, Austin Mitchell MP, Derek Wyatt MP, Michael Grimsdale ACIB (Associate of the Chartered Institute of Bankers), Abdallah Homouda, political scientist, respected journalist and TV commentator.

The event is sponsored by Bartercard, the world’s largest trade exchange. Bartercard enables account-holding businesses to exchange goods and services with each other, saving valuable cash, without having to engage in a direct swap. Bartercard has created a new form of stable currency; the trade pound, which offers one solution to the economic crisis because it allows businesses to trade and grow without the need for cash or credit from banks. This is increasingly important as private banks have replaced money with financial ‘products’ and ‘instruments’ as a medium of exchange; replacing prudence with profits by accumulating toxic assets, packaging unsustainable debts and selling them on to unsuspecting buyers. As a result the banks are suspicious and unwilling to lend or trade with each other.

Please email sabine@3d-metrics.com if you want to attend.

Notes to editor

Cash (notes and coins) and credit make up the money supply. After the Second World War, 53% of the UK money supply was in the form of credit (debt) issued by banks at interest. Now that figure stands at 97%. By making more and more money from credit (or debt) the financial economy is more and more disconnected from the real economy.

This is inherently unstable as the money necessary to pay for interest on credit is simply not there. That means virtually everybody is borrowing at interest to pay off interest as well as capital. The mathematics of compounding interest on interest results in a cycle of boom and bust. Because the money supply being is controlled by central banks, successive UK governments have tended to increase the ‘National Debt’ to fund growth or ‘fiscal stimulus’ packages, rather than make cut backs to repay the debt (unpopular with voters) or print money themselves. [See the Forum’s petition Stop the Cash Crumble to Equalize the Credit Crunch, asking the Treasury Select Committee to organize an inquiry into the money supply. More on http://tinyurl.com/666rwd]

Financial institutions are increasingly using legal enforcement to call in loans, cause bankruptcies, home repossessions, unnecessary litigation and even suicides. Through the national debt they also exploit and constrain the state’s budget, thus limiting political freedom.

The dubious benefits of unfettered market forces and a Western capitalist ideology have faced no serious opposition since Glasnost (openness) and Perestroika (restructuring) effectively brought an end to communism in the former Soviet Union. Even communist China has embraced capitalism; transforming its economy and becoming a global super-power in the process. It seems the world has made a collective decision to accept the inevitable economic losers as well as winners; deregulate and let the so-called free market work its magic… but now the market’s spell is well and truly broken together with the global economy.

At the recent G20 summit in London, the governments of the twenty most powerful nations on Earth decided to throw over $1 trillion at the ailing financial system. Along with previous commitments, this will take the total to over $5 trillion spent on propping up some of the biggest of those banks, institutions and financiers which have failed us so spectacularly.

Yet, instead of trying to paper over the deep cracks in the global financial system, we should aim to rebuild a more democratic and fairer global economy. Fresh thinking and a modern-day Glasnost (openness) and Perestroika (restructuring) are required for a capitalist world. Ushering in a second decade of meetings, the Forum for Stable Currencies will provide the platform for key decision makers to discuss the hows and whys of creating a better future.