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The Sea Wall

Letter to the Mayor of Exmouth (6 November 2004)

Dear Mr Cope

“The trouble is, it is going to cost an awful lot of money. Finding the money for this project could be problematic”.

This is not necessarily so, but it requires a new look at the source of money, to find the acceptable and welcome answer.

“Defra will provide us some of the fundings”. The source of that money is the taxpayer as is funding by the district council.

When tax payer’s money is used, it means that money needed for other purposes is diverted to sea defences.

It would be reasonable to say, that we can only tackle encroachment by the sea, where it is profitable to do so. Our coastline is too long, to defend every inch of it. That could not be profitable, merely nice to do.

But in the case of Exmouth, where a large part of the town sits below sea level, loss of its sea defences could be a financial disaster to the whole nation.

Under these circumstances a new and as yet unknown principle comes into play.

“When NEW money is printed, minted or somehow newly created by the Government, for the express purpose of creating, recreating or maintaining an essential and vital National asset, that new money however great the sum, cannot cause inflation, when spent wisely and well”.

As you might observe, this is a principle, which once made known and successfully applied in the defence of Exmouth, against the sea, could be used to make British Rail operational. There are some costs, borne by council tax, which could be removed by the application of this principle.

When the principle is strictly and honestly applied, it will be of enormous benefit to everyone. But not to the bankers, who will fight to the death to prevent its use.

Thus you can see that the bankers are a bigger threat to us all, than the sea.

If you are even vaguely interested in this new approach to your sea defences, kindly grant me an interview.