Category Archives: Economic measures

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too:

Monday, November 19th, 2012

Dear President Obama:

Good luck on your journeys overseas this week, and congratulations on decisively winning your second term as our president! The first time you won four years ago, most of us couldn’t contain our joy and found ourselves literally in tears over your victory.

This time, it was more like breathing a huge sigh of relief. But, like the smooth guy you are, you scored the highest percentage of the vote of any Democrat since Lyndon Johnson, and you racked up the most votes for a Democratic president in the history of the United States (the only one to receive more votes than you was … you, in ’08!). You are the first Democrat to get more than 50% of the vote twice in a row since Franklin D. Roosevelt. Continue reading

National banking and “illegal money”

There is a remarkable petition to the Prime Minister which spells out in a nutshell what monetary reformers have been saying, writing and videoing about for decades:

We the undersigned petition the Prime Minister to Stop the Bank of England from producing illegal money, stop fractional reserve banking and create a nationalised bank.

Whilst promoting it, I was asked about “illegal” and spelled my analysis out as part of the Enforcement of the Bank of England Act 1694. The act was written with the intent “not to oppress Their Majesties’ subjects!”

It seems that this good intention has not been translated into reality over the three centuries since…