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A Glimpse of Natural Law
10 August 2005
In order for a nation to flourish and prosper and provide its citizens
with their rights, that nation must provide a means of exchange,
which everyone can trust.
The nation will require an administration with which to fulfil
its responsibilities. We have come to call such an administration
the Government. The prime function of the Government will be to
provide its people with the means of exchange. This function must
be, now and for always, the sole privilege of Government.
No one other than the Government, should ever be allowed to create
and issue the currency of a Nation. The reason being, that whosoever
has that privilege, of creating and issuing the currency, has total
power, control, dominion and sovereignty over that nation.
For democracy to exist, it must be a Government of the people,
for the people and by the people, which creates and issues the currency,
and no one else. The people must be able to supervise the creation
of the currency and therefore, fully understand how it must be done
correctly.
The people will understand, that some of the currency will be created
and issued by the Government in order to provide wealth creating
services, and therefore not provided by taxation. Taxing businesses
or citizens for the creation of wealth, penalises the creation of
wealth, it is economic suicide.
For example a nuclear powered, electricity generating facility,
will involve large amounts of money, which when placed as a burden
of taxation, on those who would use the electricity to create wealth,
could render the creation of wealth almost impossible.
Once this principle is grasped and understood, it will be found
to apply in several disrelated circumstances. For example, building
and maintaining railways, delivering the mail, building and maintaining
the water supplies, sewage disposal, building and maintaining roads.
All these necessities of wealth creation, must be financed with
new money, as needed, specifically minted by the Government for
that purpose.
New money will be required for these tasks and that money must
be newly-created and not borrowed. Bear in mind, that seeking money
to be invested in these facilities, will impede the creation of
wealth and prevent the nation from using its full ability to flourish
and prosper. The crucial principle to grasp, is that when new money
is spent wisely and well, by the Government, new money cannot cause
inflation, how ever great the sum involved.
A failure to know and understand the points at which Natural Law
impinges upon economics, gives rise the to the existing economic
mess in which we have a dire shortage of money and a horrific abundance
of debt.
We have allowed the credit industry to usurp the privilege of a
democratic Government and to create and issue new money as credit.
We allow the banks to seduce their clients into borrowing new money
into existence. We have allowed bankers to place themselves above
the Law and above Parliament. We have given away our Freedom and
have become enslaved by debt.
Our failure to understand the difference between wealth and money,
deprives the human race of the chance to flourish and prosper. We
are forced to become dishonest in order to survive. There is no
place for ethics in modern economics. Ethics is optimum rationality
in the search for survival. Without ethics, our IQ on the subject
of economics falls below zero.
"Bankruptcy is now a lifestyle choice"
Doctor Edward C Hamlyn MBChB
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