IMPLEMENTING CHANGE

The fear of change will be based on a fear that things can get even worse. The worse conditions become, the greater the fear of change. 

It is imperative that monetary reform is presented in a way that is reassuring and does not excite any fear at all.

It is part of everybody's experience that credit cards have largely replaced cash transactions. Thus the need for cash in everyday life is far less than it used to be.

And so it is that the proportion of money we use which is issued by the Government as cash, is now very small. Cash is now only three per cent of the currency.

We do not stop to realise that it is only this tiny fraction of the currency which is issued free of interest, which is not on loan, and which does not need to be repaid.

It is therefore common sense to increase the proportion of the currency which is free of interest, and not on loan.

A new mechanism for the Government to create and issue money must be devised, because there is no need to return to the use of cash.

This is what we must all persuade the Government to do;  restore unto itself the sole right to create and issue NEW money, repeal the Tonnage Act of 1694 and restudy economics using the new definition of money.

Then have the Government accurately measure the rate of economic growth and then create and issue New Money at exactly the correct matching speed.

Some people will say that governments are so dishonest and irresponsible that it is foolish to allow a Government to create and issue money.

But such an attitude reveals the realisation that the creation and issuance of money conveys enormous power into the hands of the authority thus entrusted.

If we believe in democracy and we cannot trust those whom we elect to govern us, then there is something wrong.

It is not rational to believe that people are more trustworthy, merely because we do not know who they are.

If we allow unknown financiers to have power and dominion over us, just because they are financiers and know about money, we can become very sadly disillusioned.

“History records that the money changers have used every form of abuse, intrigue, deceit and violent means possible, to maintain their control over governments by controlling money and its issuance”.   President Madison of America

We have no option, if we value democracy and individual freedom, but to understand enough about money and economics ourselves, so as to make it possible to supervise those we elect and ensure that they are honest and responsible.