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Letter to: John Kirk The Western Morning News. Torquay
31 December 2006
Affordable Housing
Dear Mr Kirk
Of all people who write in the Western Morning News concerning
the inability of young people to buy a home, you must now be the
best informed. You seem to be more aware than anyone else, that
the problem has become a disaster.
Could I persuade you to help me to resolve this difficulty. You
have such an excellent opportunity to introduced wisdom into the
debate. Wisdom which should be public knowledge and certainly your
own knowledge.
We put the emphasis on the home, house or flat being too expensive,
whereas the real truth lies in the value of money dropping through
the floor.
It is not the price of the house going through the roof, but the
value of money falling.
If we could switch attention to what has gone wrong with money
instead of what is wrong with housing, rapid progress could be made.
It is so much quicker to rebuild the value of money than to build
new towns. Obvious, if you think about it and very much less destructive
than desecrating the countryside.
The value of money is constantly reduced by the dilution of our
currency with credit. Bankers now have a monopoly on the creation
of new money to service economic growth and do so by issuing new
money as credit. That is a criminally stupid way to finance progress,
because it nullifies progress by degradation. It is surprising if
you think about it that this hideous scam goes unremarked upon in
the Press and the media. But any one of the 45,000 people seduced
into bankruptcy or an IVA would rejoice and rejoice again if they
could be told the truth concerning their plight.
Billions of pounds are spent on advertising the virtue of using
credit to help boost the economy by getting us to increase consumer
spending. We need to realise the enormous profits to be made out
of issuing new money as credit. Seducing people into debt is an
exceedingly profitable business.
Banking makes most of its money by issuing new money as credit.
The whole of the public sector borrowing requirement has been spent
on paying interest to the banks for the use of credit. That has
been £33 billion per annum and is increasing.
Bankers can only get away with this scam by keeping the Press muzzled
and the whole business secret.
But events are gradually beginning to force it into view for us.
For example giving a chap £50 billion Christmas bonus to keep
quiet. Even Presidents of the USA have been assassinated for attempting
to act in this matter. So you need to approach the problem in soft
slippers. Let those who try to stop you take the heat.
Doctor Edward C Hamlyn MBChB
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