British Association for Monetary Reform
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    Debt, how it can become evil enough, to wake us.

    "Labour accepts that private financial institutions like banks should be allowed to issue new money as credit."

    When a bank is owed money, that bank has creditors. A bank with creditors has credit. The bank can issue that credit as money.

    Banks are permitted by law to sell debt for money.

    When a political party admits that this practice is acceptable, we are being told that all previous political parties, when in power, found this practice acceptable.

    When a bank sells debt for money, whosoever buys the debt is then entitled to the interest paid by the borrower, for the use of the credit.

    If the debt were ever redeemed, the new lender will have a bonus. Banks do not sell debts that might be redeemed.

    Over a period of time, all new money is issued in this fashion. The result is that we come to use credit as currency. Debt was first sold as credit, which becomes the currency. The global currency is now credit or debt, according to which word sounds best.

    We have a global economy, which is insolvent.

    There is no yardstick whatever, by which you can value the currency when the currency is debt or credit. The value of money becomes pure guesswork. This allows money casinos to come into existence, which are called money markets.

    These money markets give an opportunity for those with insider knowledge to cream off vast fortunes, without earning a penny of what these financiers make.

    People who are well off can borrow more credit with which to pay interest on the credit they have already accepted as a loan of money. Poor people cannot do this and must sell the food they grow for their families to eat or whatever product they are forced to create by the slave masters, who now own them.

    They are dying in their millions from disease and starvation, as a direct result of being given aid in the form of credit.

    We use the underdeveloped world as slave labour, exploiting their need for help, by aiding them with debt. It costs us nothing to do so, we do not even bother to ship them over the Atlantic in chains.

    The price we pay is the death of our integrity as we choose to remain ignorant of what is happening.

    But we may lose that choice as suicide bombers start to disturb our complacency. Those enslaved, are more than happy to die in their attempt to wake us up.