OFWAT

Dear Miss Pethick

Thank you for giving me your response to my letter of the 1st of February.

The assurance I am looking for from the Economic Regulator for the water industry, is fair play for the customer. It is not fair to make the user of water today, pay the expense of providing water in the future.

That is a legitimate expense for the provision of new money for future use. The money supply will need to increase. The Government should have the sole prerogative for creating new money. New money from any other source should be designated as forgery or counterfeit money.

Allowing private bankers to issue new money as credit, is giving criminals a licence to crim. This weird state of affairs arises from a consensus held by Parliament that our Government cannot be trusted to create and issue new money, without causing runaway inflation.

That of course would happen if our Government issued new money with which to pay off our debts. Debts accrued by issuing new money as credit.

If the Economic Regulator of the water industry, would look at these facts and see that the Treasury, which has designed this corrupt practice, is not the correct watchdog. You are the correct watchdog. We all are. We are responsible for dealing with corruption whenever or wherever we can see it.

The cost of necessary improvements should be paid for with new money, minted, printed or somehow created by the Government. The cost should not be skimped, kept to a minimum and imposed upon your customers.

You might imagine this to be a breathtaking demand upon you. Not so, when fully understood, you will find it is a joy to implement.

Doctor Edward C Hamlyn MBChB

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