MONEY OR YOUR LIFE

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Chapter Fourteen

HOW TO GET OUT OF DEBT

In the first place we make a great song and dance about the fact that we, as a nation, are going to reform our monetary system.

Meanwhile we put the matter of debt on a back burner. We put on hold any further payments of interest. We shelve the problem for a little while.

We then get the new system into operation and observe the fact that it runs very well.

We check this success against our new understanding of money and we observe the fact that the definition of money that we are using works in practice exceedingly well.

Then we take a fresh new look at the old system and decide what was wrong with it.

It then comes home to us, with an almighty thud, that we had been conned into permitting money to be counterfeited by calling it credit and not money.

It gradually dawns on us that we have been paying interest on money which doesn't exist and never did exist. Why continue to pay interest on the figment of a computer's imagination? Let us ponder this matter for long enough to come up with the realisation that our astronomical debt, on which we taxpayers pay £33 billion per annum in interest, is phoney. Let us scrub it.

There will be screams of protest. And then we start the enormous task of sorting out who owes who for what.

Some debts must be honoured but most of these national debts are phoney.

There has never, ever been anything wrong with the lending of money that actually exists. Apart from the fact that usury has always been with us, and which is the demand for too much interest.

We are now going to stamp out the practice of pretending that money exists which doesn't exist, calling it credit and making people and nations pay interest for the use of this credit, making them redeem the loan, of what is in reality counterfeit money, with real money, foreclosing on anyone who defaults in this game of hide and seek, and inflicting on mankind unwanted and unnecessary poverty, unemployment, wars, famines, destruction of rain forests and pretty well everything bad you can think of.

Most of these unwanted conditions have a common source, they who issue a nations money from behind the scenes.

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