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Commercial warfare

1st September 2005

For those who have a belief that a free market economy is the way forward into the future, the bra war appears to shake their faith.

How is it possible for the poverty of the Chinese people to rise up and threaten the economics of Europe and of America.

Why is there no similar threat from the poverty of the Black Africans.

If we really understood the answers to these questions and found the determination to correct what is wrong, the human race would benefit beyond its wildest dreams.

In the first place we should have to discover, the flaw in the phrase 'a free market economy'.

Because the phrase does not convey the truth.

The market is not a market. It is two markets. One market is free and the other market is not free at all.

When we speak of a free market, we refer to the global money market, which is so free, it is floppy loose.

Billions of pounds, dollars or yens, are exchanged in a flash on a daily basis. The value of money is as quick silver, held in a colander.

The other market of goods, services, bras, knickers and pensions, which is 100 per cent dependent upon a reliable means of exchange, is not workable. It cannot function and is kicked around by the likes of Peter Mandelson, whose IQ on the subject of money is below zero.

So how do we put things right, make Poverty History and turn commercial warfare into Fair Trading.

That cannot be done any more than you can build a new home with dry rot in its timbers.

We cannot put the existing subject of economics right. It is so rotten that we must just allow it to rot away. We restart a totally new game with a reliable means of exchange.

Until we understand money, what it is and how it should be created, we cannot even make a start with putting things right.

Doctor Edward C Hamlyn MBChB