Debt-soaked Britain

Dear Mr Roberts

Now that Britain has trillions of pounds of debt, which can never be repaid, all new money must be issued as credit, or debt as it should be called. (see the attached letter) Our currency is now debt upon which interest must be paid, so that our debt-soaked society is actually using debt as its currency We pay twice for everything by paying its ingredient of interest, and VAT is then added.

Every retail item we buy, includes in its price, a write up value of 50 per cent plus, to cover the cost of interest paid at every step of its creation, and also provide a profit for the production team. The cost of production may include pay for the top boys, 90 times higher than the pay of those who actually do the work.

If you visualise the panic-stricken frenzy of the rat race, which attempts to make this insane form of economics financially viable, you see how the debt trap causes climate change. The importance of making this fiasco known, is the ease with which it can be ended. All we have to do, is restore to Government the sole right to create and issue new money and we must supervise how it is done, so that it can be done correctly. It has never ever been done correctly.

Doctor Edward C Hamlyn MBChB

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