British Association for Monetary Reform
  • Home
  •  

  • 2007 Articles
  • 2006 Articles
  • 2005 Articles
  • 2004 Articles
  • 2003 Articles
  •  

  • The Money Text Book
  • Money or Your Life
  •  

     

     

    « Back to Index

    Letter to:The London Editor, The Western Morning News, London

    16th December, 2005

    A Right and Proper Clause Four issue

    Dear Mr Groves

    The Tories, in the guise of Ted Heath, took Britain into Europe, for the express purpose of letting Ted Heath's banking friends., set in stone, their right to create and issue new money as credit.

    To achieve that objective, it is essential to have a single common currency for the whole of Europe. In Britain the banks have a monopoly on the creation of new money, that must become a monopoly for Europe, if the privilege is to be preserved in perpetuity.

    Nobody could deny the truth of that statement, but there is an existing consensus, which states that this is the optimum monetary system and must be set in stone as fast as possible.

    The fact that it is a dishonest and corrupt practice is brushed aside as being irrelevant.

    What works is what matters. The Credit Industry is now the major source of Britain's wealth, the City having taken precedence over the manufacturing industries.

    We find it is impossible to see, how being so deeply in debt, really matters to anyone.

    But if David Cameron pointed out that giving aid as credit to the Third World is a hugely profitable business and is the cause of poverty in the world today, the consensus would start to shatter.

    Our love of cricket and fair play would win the Tories more votes than any political gimmick the spin doctors can dream up.

    Restore to Britain the right of its Government to be the sole source of new money and explain truthfully, why this must be done and how it must be done correctly, and a new Golden Age of Economics will dawn for the whole world.

    If Cameron found within himself the strength and honesty, to do this, he would win a place somewhere, in the heart of everyman and that is what Britain needs.


    Doctor Edward C Hamlyn MBChB