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We have yet to hear the answers

Letter to The Editor The Daily Telegraph

21 April 2005.

Dear Editor.

"We have yet to hear the answers", how to lower taxation and rid ourselves of the black holes created by the National Pension plight and by the hungry maw of the NHS. Promises to do so, which will obviously fail, are worse than useless.

It is painfully obvious that no politician of any Party has the vaguest idea of the right answer.

But there is 'the right answer' and the Press, especially the Daily Telegraph, will be fatally at fault, if it fails to spill the beans that will close those black holes.

Tell the nation, that we have been borrowing money into existence for many years, throughout many changes of Government. All are guilty. Discover this fraud, bring it into full view, so one and all understand, what has gone wrong and how it can be put right.

Governments, throughout the world and throughout history have had a tendency to print or mint money ad-lib, in order to indulge their fancies.

At times, Governments have turned money into confetti. As a result, we all know for certain, that Government must never be allowed to have the sole right to create and issue new money.

We all know that and so do the Politicians.

But that is a lie and the Daily Telegraph has a duty to explain how it has come to pass, that a lie now rules the world and is accepted as holy writ.

Money is a man-made means of exchange, which has the purpose of standing proxy for that which is being exchanged.

Losing sight of this purpose and abusing the use of money, has made money so useless, as a means of exchange, that we have switched to using credit in place of money and now use debt as currency.

But it doesn't work and the economy is in deep trouble.

The Editor of the Daily Telegraph, on Monday 18 of April, publicly asked to hear the answer to this mess.

Here is the answer. Restore to Government its ancient and forgotten privilege of being the sole source of new money. Explain, so that everyone can understand, the true purpose of money as a means of exchange and help the Government to create and issue money correctly.

When everyone knows and understands what must be done, repeal the Tonnage Act of 1694, it will be done. Then we move on into a new Golden Age of Economics.