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Making the next term in Parliament the best in our History

In the year 2005 we must decide to turn Poverty into history.

But it is no good just saying that, unless we know how it can be done and that we shall do it.

There appears to be a universal desire to achieve this objective, and yet all our attempts thus far have failed.

As Nelson Mandela told us, poverty is a man made phenomenon. We have not ceased to create poverty. Therefore we need to understand how we create poverty by trying to end poverty.

The answer is, that we give Aid as credit.

We manufacture credit out of thin air by tapping credits into a computer. Credit is in actuality, a computer entry.

We do not tell the recipient of aid that he is being given a computer entry, nor do we tell him that he will be paying interest for being able to use that computer entry as money, nor do we tell him that the people who tapped that money into existence, will become immensely richer as he earns real money with which to redeem the aid he was given.

Every pound of aid he receives will eventually cost him £15.

It is possible for us to abandon this practice Our next Herculean task which has to be accomplished in this Parliamentary Term, is to introduce ethics into Economics and we make a start by making the credit industry honest.

That industry is built upon the Government's permission, allowing new money to be issued as credit. The credit industry is built upon the practice of allowing money to be borrowed into existence.

We have discovered in carrying out our first good intention of ceasing to create poverty, that permitting people to use credit as if it were money, enables the people who make this facility available, immensely rich.

By explaining all this to the general public and creating the requisite new money by a different method, the need to use credit will begin to disappear.

The correct and only way to increase the money supply, as the economy starts to flourish and prosper, is to return to Government the sole right to create and issue new money and to issue that new money by spending and not lending the new money into existence. New and as yet unused technology, is available to make this possible.

Those two steps will transform this civilisation. We reserve deciding what needs to be done next, until that new civilisation is in place.