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Letter to: Edmund Conway. Economics Editor. The Daily Telegraph. London

15 July 2006

“If the debt bubble bursts”

Dear Mr Conway

Such a possibility is a myth, created by the bankers to strengthen their control. Banks already have Supreme Power and dominion over the State. They are above the Law and above Parliament. There is no bubble to burst. But there is ‘ever deeper into debt’.

That means deeper into debt slavery. Private banks are allowed by the Government to issue new money as credit. Banks now have a monopoly so to do. There is no other source of new money with which to service economic growth other than by debt. New money can only be borrowed into existence. The more we prosper, the tighter the chains of slavery. Those chains do not burst, they are not balloons.

Can you not see that with that amount of control, exerted by the banks, hedge funds etc, can make infinite profits, with virtually no risk. The profits to be made by forcing people to accept credit as a loan of money, can be as many billions as you care to mention.

To see written on the front page of the business section of the Telegraph “if debt crisis hits” is so weird. That crisis hit in 1694 and crises have been hitting ever since.

Doctor Edward C Hamlyn MBChB