|
« Back to Index
Letter to: Gary Streeter MP House of Commons
24 July 2007
The Floods
Dear Gary,
It seems as though the whole Nation, at this moment in time, has
its attention upon the flood disaster and how to find the money
to pay.
A source of money not used in Britain for centuries, could be used
again
under this dire necessity. This would turn our worst ever disaster
into a
glorious triumph.
Realise that brand new money, minted, printed or somehow created
by the
Government to enable the Nation to survive, would not cause inflation,
however large the sum, if spent wisely and well for the specific
purpose of
staying alive. It would actually enhance the economy by increasing
production.
Until now the only source of such new money is provided for us
by private
banks as credit. In time of war the same banks provide credit to
all
parliaments in the fray and they become hugely rich out of our suffering.
It would be possible for just one person crying in the wilderness
of gloom
over funding, to point out to the whole Nation, that we can cover
all the
funding of this disaster by creating and issuing new money as money
and use
the banks for something else.
The key to understanding this is to know that our survival is at
stake and
that money is man-made stuff needed as a means of exchange and by
our desire
to survive.
It is an interesting thought that if the creation of new money
were
restricted to the necessity of survival the threat of global warming
would
be removed.
You know that whatever flack were thrown at you for making such
a daring
assertion, I could feed the relevant rebuttal to you.
This is all on urgent and dire necessity, before the Nation falls
into the
trap of a consensus which declares that the tax-payer must pay and
that the
tax-payer is the only source of new money.
Doctor Edward C Hamlyn MBChB
|