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

    Council Tax Martyrdom

    Letter to: The Editor, The Daily Telegraph, LONDON

    16th August, 2005

    Dear Editor

    If Sylvia Hardy goes to prison, it will be for one reason only.

    Nobody, not even Sylvia Hardy, knows or understands the real reason. We have proof of that fact, because we know very well that nobody, anywhere wants Sylvia Hardy to go to prison. Certainly not the authorities, who are sending her there.

    Everyone is caught in a trap of being between a rock and reinforced concrete.

    Every year it is costing more money to get the council work done, with no additional money available. The central Government is strapped for cash, is already charging far too much tax and knows, that borrowing more money will cause inflation, increase the cost of everything and make matters worse for local councils.

    Borrowed money doubles the price of what the borrowed money is used to pay for. But because there is no new money anywhere to borrow, the global debts being already so enormous, new money must be borrowed into existence.

    Interest must be paid on this new money freshly borrowed, and credit, which has been accepted as a loan of money must, be redeemed with real money. Making at triple whammy for meeting the cost of more work to be done.

    This process had been going on for a long time and we have enormous debts as a result.

    This is a deadly process on three counts. One, we pay interest for the use of credit. Two, we redeem a loan of credit with money and Three, we give the robber a huge reward for robbing us. And that feel bad!!

    "The modern banking system manufacturers money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. If you want to be slaves to the bankers and pay the cost of your own slavery, then let the banks create money".

    Lord Stamp, former director of the bank of England..

    Some would rather go to prison, than pay to be robbed. Do not expect to understand this, because nobody understands it. But if Sylvia Hardy blows a trumpet loud enough, to wake us all up, she will not have suffered in vain.


    Doctor Edward C Hamlyn MBChB