Saved by Common Sense

Dear Mr Watkinson

I would like to make certain that the correct common sense is to come into play. Look at it this way. The National Health Service is a vibrant and dynamic activity that grows. Unless the money supply grows with it, the National Health Service will flounder. That is simple common sense. But our economists do not have the wit to follow through and realise that additional new money must be created in order for additional new money to exist. Economists only allow new money to be issued by private banks as credit. That is an oxymoron, because credit is not even old money, much less new money. How do you borrow new money into existence.

It cannot be done and it is not done. We just go ever deeper into debt. That is national suicide, but nobody sees it.

The plight of the National Health Service is in everybody's thoughts. The spotlight of public attention is trained upon you, to see what is meant by a common sense resolution to the financial crisis. Let me tell you what it should be. The Royal Cornwall Hospital Trust should be able to announce that the Government will mint, print or somehow create, the new money needed and give it to the trust to spend wisely and well.

That is a world of difference, to being forced into borrowing new money into existence, which merely increases the billions and billions of pounds of ‘profit’ made by the banks each year.

There is only one snag. We human beings find it is difficult to believe what we cannot understand. It is even more difficult to understand that which we cannot believe. Here we are looking at a criminal practice, which is so evil, that we cannot confront it. There it is. Very simple, but the confusion as to the correct source of new money, creates a dense fog.

Doctor Edward C Hamlyn MBChB

Send your feedback