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    Letter to: Liam Halligan. Sunday Telegraph, London

    21st June, 2006

    Climate Change

    Dear Mr Halligan

    Whatever the reason maybe, your report on Sunday showed that we are cutting energy use, but by switching to coal to enable China to catch up, climate change may not benefit.

    If I could help you to see that the actual cause of climate change is commercial warfare, you would agree that our best bet would be to restore fair trading, to replace commercial warfare.

    This could be achieved by introducing ethics into economics. We could initiate this change by going back to an honest monetary system.

    In the world today new money is created and issued as credit. Using credit as our means of exchange makes fair trading impossible.

    Our first step in the right direction, will be to restore to Government the sole right to create and issue new money. No government has ever known how to do this correctly. Climate change could be the requisite wake up call, to force us to introduce for the very first time in our history, an ethical and financially viable Monetary System. This has never ever been possible, because until recently, we have never had a scientifically accurate definition of the word money.

    By getting that definition into use and by getting economists to recognise its validity, we could if we chose to do so, transform the subject of economics and remove the threat of global-warming.

    Human beings like to be right and find it hard to confront their mistakes. In order to get money right, we must face the fact that we have always got it wrong. We are not good at doing that sort of thing. Necessity is the mother of discovery and climate change might well be that necessity.


    Doctor Edward C Hamlyn MBChB