Building on Mountains of Credit

In so far as there is a real need for more homes in Britain, have in should be quite obvious to everyone of that this would require additional new money which does not yet exist the. What does exist on mountains of debt. We already O, publicly and privately many trillions of pounds which can never be repaid of and on which we shall pay interest for eternity.

We can say, that because are the entire public borrowing requirement for is used to pay interest on existing debts, there is no money with which to build new homes the.

The only source of new money in Britain today is credit issued by private banks. Seen the attached a letter.

Government used to have have the sole right to to create and issue new money but now know or that monopoly has been had given to the banks. This seems to be a well kept secret, have because nobody seems to believe it.

Have there is no all new money unless we borrow new money into existence of and use credit as a substitute for money.

Credit or only exists have buy being tapped into a computer, which costs the banks and nothing. For the banks and credit is one hunter per cent profit. They have been profits. And we pay interest on their credit until it is redeemed which is never.

Of interest on credit provides permanent everlasting interest paid by us or by the government. The only income are available to the government of either taxes which we pay.

Of if all this were explained to the family and friends of the entree he sounds, Christina Rolfe, Ruth had Chapman, Laura means and your aims of 30 of 38 years, he would no longer be a secret and the existing monetary system that would have to change. We are could restore to government the sole right to create and issue new money, without causing inflation, if we are allowed to explain to the treasury how to do so correctly. At Of with no secrecy and nothing to hide the process will be wide open to inspection. And that it is monetary reform.

Doctor Edward C Hamlyn MBChB

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