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Letter to: Boris Johnson MP. The House of Commons. London

2 February 2007

Our plight as commuters

Dear Mr Johnson.

Our plight as commuters, gives us a wonderful opportunity to wake up and correct a basic fundamental error of civilisation on Planet Earth to day.

It is the misuse or abuse of the artefact called money.

Money is a man made means of exchange, which gets used for other purposes. Which means that money is misused and is abused, which causes us a great deal of trouble.

If that fact were known, understood and accepted as fact, we could immediately determine the exact value of money and cease the practice of gambling, as to what the value of money might be. As a means of exchange money must stand proxy for what is being exchanged. We can determine the value of goods and services being exchanged, by the cost of bringing them to the market place. That cost must make the process financially viable, otherwise the item will not appear in the market place.

One of the major attributes of money must be its availability. Money must come from an infinite source, but the quantity of money to be made available must be under very tight control.

That quantity, in a healthy economy, must increase all the time. For a democracy to exist, issuance of new money must be under Government control and that control must be supervised by the people, otherwise the country becomes a financial dictatorship. Which is what we have in Britain to-day.

Because, whosoever creates and issues the currency has Supreme power. All of this is violated by the existing monetary system, which allows private financial institutions such as banks to issue new money as credit. We are forced to borrow new money into existence and must plunge into debt in order to survive. That is suicidal economics, which makes Fair Trading impossible and gives us commercial warfare with no possibility of peace.

You will notice that these simple facts of life are never ever discussed in the Press or the media. Bankers have Supreme Power and embargo this intelligence. Therefore in response to your excellent article in the Telegraph on 21st January I wrote the attached essay.

Doctor Edward C Hamlyn MBChB