British Association for Monetary Reform
  • Home
  •  

  • 2007 Articles
  • 2006 Articles
  • 2005 Articles
  • 2004 Articles
  • 2003 Articles
  •  

  • The Money Text Book
  • Money or Your Life
  •  

     

     

    « Back to Index

    Letter to: Brian Payne. Chief Executive Bishop Fleming, Exeter

    24 August 2006

    The Bed Tax

    Dear Mr Payne

    You must have realized that the Government must be pretty desperate for additional funds from the taxpayer to even consider the insanity of a bed tax.

    From John Kirk’s report in the Western Morning News on Monday, it must be quite clear to you and to the Editor of the WMN, that this tax is a NO-NO. Even Tim Jones is opposed to this tax!

    With so much opposition, so easily aroused, the threat of this tax, is a heaven sent opportunity, to wake everyone up to the criminal folly of allowing the bankers, to have a monopoly on the creation of new money.

    Giving that power to the bankers, who are in the business of making money, literally manufacturing new money out of thin air, is economic suicide.

    Whosoever creates and issues a Nations currency has Supreme Power over that nation.

    Although the bankers have used their power to make the counterfeiting of money by banks perfectly legal, that does not to make the practice honest or ethical.

    By the standards of us all, the counterfeiting of money remains a felony. It is dangerous indeed to allow felons to have total power over us.

    We are forced to borrow new money into existence, because the only source of new money is credit issued by the banks.

    As a result, Britain now has debts of some dozen trillion pounds. The interest to be paid, uses every penny of the public sector borrowing requirement, and the sum is so huge, it can never be repaid. The sum gets bigger every day.

    If we exposed that fact to explain the insanity of the bed tax, we could break new ground and save ourselves from debt slavery.


    Doctor Edward C Hamlyn MBChB