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: Emma Thompson, C/O Action Aid, Chard, Somerset

    30 June 2007

    Africa and Slave Labour

    Dear Miss Thompson,

    Slave labour in the Western Cape is no problem to Jonathan Church of Tesco. Those who are so blind they cannot observe the obvious have no integrity. You need to know that Tesco’s success is built with counterfeit money and the whole shooting match is thoroughly dishonest. New Money is now exclusively issued as credit by private central banks with the intention to deceive the borrower, that he is being given the use of somebody’s money whilst he pays interest. The truth is that the money does not exist until the loan is accepted by the borrower as money.

    That turns the credit into money which previously did not exist. Tesco is protected by a Press embargo imposed by the private financiers who have a licence, to create more and more new money as credit, at will.

    This practice is so enormously profitable to the banks that their criminality must be kept secret at all costs. Bankers “give aid” to poor countries in Africa and receive enormous acclaim for their generosity! But the aid is to give them credit. The bankers then demand interest for the use of the aid, force the starving to grow food for Tesco to sell in Western Supermarkets and use the money to pay the interest on the “given” aid.

    It has been stated in the House of Lords that credit is an imitation of money which does not exist and is intended to make the borrower believe that he owes money. That in the English Oxford Dictionary is designated Counterfeit money.

    If the anti-poverty campaigners, Action Aid, exposed this fraud to global public view, poverty could become history almost overnight; because poverty is a man-made condition which does not occur in the wild.

    It is such a difficult concept to grasp, the creation of money by getting it borrowed into existence, that the fraud has been in action since 1694 and has now amassed debts of many trillions of pounds. These debts can never, ever be redeemed, but the interest must be paid for ever.

    All this can be proven to be true and because it is the way to make poverty history, we are all of us in duty bound to blow the whistle on the Bankers.


    Doctor Edward C Hamlyn MBChB