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Pensions and Power Stations

2 December 2005

Our well being requires an effective health service, adequate nutrition, warmth in winter and maintenance when we finish work.

All these necessities of life demand a competent economy without which we suffer deprivation.

The economy of the sort, which we have set up for ourselves, is very dependent upon having a reliable means of exchange.

The closest we have ever been to an ideal means of exchange was gold. There is no doubt that the golden age of economics occurred when we used gold as our means of exchange. In fact gold gave us such a successful form of economics, that it out grew itself and gold had to be abandoned, we could not get enough of it.

We gradually slid down hill, after we went off the gold standard and today we have sunk so far from the ideal, that we actually use debt as our currency.

We use credit as a means of exchange.

Fair trading can only take place with money when money is not debt or credit.

The instant that we are so short of money that we use credit instead, fair trading turns into commercial warfare.

Commercial warfare is very uncomfortable.

We become cannon fodder in a war in which there is no respect for human life. It is a war in which honesty is a liability. All is now fair in love, war and business.

Politics for example suffers very badly. A politician is someone whose life is determined by what is possible. The right thing to do, the correct way to do things is no longer possible. We learn to distrust all politicians, because they are all forced to rely on spin to make it look as though they can do their job, using credit as the only means of exchange.

I use the word we, because we all inadvertently condone and connive in this sordid mess, by allowing it to persist.

We actually indulge ourselves by living on credit. Most everyone I talk to concerning Monetary Reform is quite adamant that we could not survive without being able to borrow money.

How could we ever buy a home without a mortgage. How could we afford to equip our home without HP.

We have to be poor enough to borrow money, in order to survive. But we do not say that. We say that having access to credit is a real blessing. We condone and connive in the credit industry.

Therefore let us remind ourselves how and why, there is a credit industry.

A successful economy is alive and kicking because it is making progress and growing. As the economy grows, the economy needs a constant supply of new money with which to service that growth.

We do not know this, but the banks have a monopoly on the creation of new money.

That is very hard to believe and the banks take an awful lot of trouble to make sure you do not know the truth..

You imagine that in a democracy the Government has the sole right to create and issue new money. But if you think about it, you know very well that the Government borrows money from the banks. You know or you think you know, that if the Government minted or printed new money to pay its way, we should have runaway inflation. We know it happens in banana republics.

Then we have to face the fact that new money must be borrowed into existence. Now try to face the fact that new money is on loan from the bank, until the loan is repaid with money earned.

Banks have the task of creating credit, lending the credit as though it is money, receiving interest on the loan of credit and then receiving earned money to pay off the loan.

But credit costs the banks nothing, but in return for creating credit and lending credit, the banks are paid twice the sum, supposedly represented by the credit. That is an enormously profitable business, that wins for banks double the amount made by the forger or counterfeiter. You do not pay interest on counterfeit money, nor do you have to repay the counterfeiter with legal tender. You merely lose the money if the law catches up on the forged money, while it is in your possession.You may be robbed once but not twice. You are robbed twice by the banks.

If you have come this far in understanding money, you will be able to see that the banks can only operate this fraud, if the banks can create the need to borrow money. The banks can promote the use of credit by advertising credit, as being cheap money, but to our shame and regret, the banks create poverty in order to make people eager to go into debt instead of going into an early grave.

Giving aid to poor countries, is the way banks amass their greatest fortunes. They even force the hungry to sell their food to pay the banks interest on their aid. Or even worse, pay interest on the money used to buy arms with which to get themselves exterminated.

Back here on the ranch, it should not be difficult to understand that accepting credit to replace money, cannot be used to provide you with a pension. Think on that and be not surprised that Lord Turner needs 400 pages of waffle to explain to you, how it can be done.

Leaving aside the fact that poverty demands the creation of new money in order to correct what is wrong, new money is also needed to finance Medical Progress. Therefore a National Health Service that attempts to heal, rather than being a national disease service, will constantly require additional new money.

Another requirement for new money is the impending shortage of fuel and new money needed for the development of such things as a range of new nuclear power stations.

If that requirement is given to the banks as a means of getting us to borrow new money into existence, we shall be committing suicide.

I trust I have shown you just how evil is a practice of accepting credit from the banks, as a substitute for money.

By condoning this practice and conniving in that perpetration of fraud, we as individuals become tainted with the evil and betray ourselves.

There is no greater harm that can be done to you, than to seduce you into being untrue to yourself.

Doctor Edward C Hamlyn MBChB