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Letter to: Peter Freeman Chairman Competition Commission, London

1st January 2007

Commercial Warfare has replaced Fair Trading

Dear Mr Freeman

The Competition Commission should be the Geneva Convention of that War. But it is not and does not appear to realise the enormity of crimes committed as standard practice. According to the Sunday Telegraph you say, “Most customers are relying on home credit. If we killed the product we would not be helping customers. I am not in the business of making spectacular foolish gestures”.

Rupert Murdoch and Terry Leahy of Tesco, are two of the top users of credit and use so much credit to buy market share, as to obtain credit at such low cost as to get free credit. I do not suppose you could verify or dispute that statement any better than I can.

But your failure to do so, makes your job irrelevant. I say that because you are needed on account of Fair Trading having been replaced by commercial warfare. If you investigated to discover the cause of commercial warfare, you would discover the Prime task for your commission, which if handled, would put you out of your job.

Economists do not appreciate that economic viability depends upon economic growth. Growth cannot occur without an increasing money supply, to service that growth. Private financiers, such as bankers, now have a monopoly on the provision of new money, under the tonnage act of 1694. They carry out their task by issuing new money as credit.

New money has to be borrowed into existence. The credit must then be laundered by the recipient, to turn the credit into money, which is then used to pay interest and to redeem the loan. That is pure profit for the financiers. Their wealth is derived from getting people into debt. If the financier’s client’s credit requirements are big enough, it pays the financier to pay the client to accept credit as a substitute for money. The financier can do this by waiving interest and merely asking for money in exchange for credit.

I doubt very much whether you take this practice into your reckoning. Your job would become exceedingly interesting, if you took a look at this scam. Economics is as dishonest as it is complex and as honest as it is simple. My short essay strips away the most incredible complexity and confusion in the matter of sourcing new money. That complexity is what has hidden the truth from you. A truth, which I have stated and which would appear to be a spectacular and foolish assumption.

Doctor Edward C Hamlyn MBChB