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Crime Story
It must puzzle some people who cannot understand how the City of
London creates so much wealth. How to create enough money to give
away a million pounds to each of 5000 or more insiders, in addition
to their wages each year, is a puzzle.
But is only a mystery, if we imagine it is all honest earnings.
If we
discovered that it is one hundred percent derived from fraud, it
would start
to make sense and make an interesting crime story.
For that is what it is. The crime is well hidden, because the power
that so
much money puts into the hands of the financiers, enables them to
control
access to relevant information.
For example, start asking people who should know, such as economists,
politicians and journalists, how is the money we use created and
issued.
You may be surprised to discover that they do not know. Do you know
how the
pound Sterling comes into existence? It is more than likely that
this
question is never asked and that people imagine that they know,
but do not
know.
I once asked Dennis Healey that question, when he was Chancellor
of the
Exchequer and he said to me “Doctor Hamlyn, I have never understood
money, I
never shall”.
At the time I was working for Arthur Lewis MP, trying to obtain
a Freedom of
Information Act for the UK. On approaching Margaret Thatcher, when
she
first became Prime Minister, to win her support for Freedom of Information,
she said “Open Government! Over my dead body”.
Back in 1988, during a correspondence with the Labour Party I received
a
letter from the Policy Directorate, stating that private financial
institutions like banks are allowed to issue new money as credit.
I knew
that I was not supposed to be told that. It was not until years
later, that
I persuaded my MP to check out that datum with the Treasury. But
when my MP
said to me “Why not? It works very well”, I was completely
floored.
But just this week, I received from Canada a DVD called “Money
as Debt”.
This is the first time that I have seen exposed the criminality
of the City
of London and how those billions of pounds are handed around as
a bonus. I
do not expect you to stick your neck out, by attempting to expose
this
fraud, but I thought you would be interested.
When Peter Hain MP urges the City to give part of these bonuses
to the poor,
it would be better by far to divert money into proper channels,
than to let
money get dirty, before giving it to charity. If we learned to obey
that
rule, the need for charity would go.
Doctor Edward C Hamlyn MBChB
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