British Association for Monetary Reform
  • Home
  •  

  • 2007 Articles
  • 2006 Articles
  • 2005 Articles
  • 2004 Articles
  • 2003 Articles
  •  

  • The Money Text Book
  • Money or Your Life
  •  

     

     

    « Back to Index

    Letter to: The Editor The Daily Telegraph. London

    2 January 2007

    The Slave Trade - 2007

    Dear Editor

    In days of yore we shipped the natives out of Africa to work on the land in America. Today we have more sophisticated slaves who work from home in the Far East creating luxury-goods for the Western world, where we enslave ourselves with debt in order to enslave the East.

    Do you ever ask why a Chinaman can only survive if he works himself to death for a foreigner.

    Why oh why can we not on Planet Earth work for our own benefit instead of the benefit of someone else.

    Why is it that the citizens of Romania and Bulgaria must go into exile in order to survive.

    The answer is very simple but quite unbelievable. A global shortage of money, so short in fact that the citizens of Earth use debt as their currency.

    So why are we short of money. Very simple. We do not know what money is. Therefore we cannot create it and instead we create a substitute called credit. The politically-correct word for debt.

    Recently we rewarded an Indian gentleman with a Nobel Peace Prize for lending money at 17 per cent interest to the poorest of the poor in India, so they would prosper!

    But pay head, for he lent them money. We can only borrow credit. We pay over 100 per cent tariff on money we borrow into existence. But we are never told that is what we do.

    Banks have a monopoly on the creation of new money. They provide us with credit and get us to launder the credit and turn it into money. It costs us £2 of old money to create £1 of new money. 100 per cent profit for the bankers and interest in addition whilst we do the laundering.

    Better by far to be the Untouchables of India. Of course what I am telling you is unbelievable and therefore beyond your comprehension. And that is how you become enslaved and lose your freedom.

    You had best not believe me, we do not wish to have a bloody revolution.


    Doctor Edward C Hamlyn MBChB