TAXATION

The issue of new money as credit by private banks, increases taxation by stealth and is of such enormous benefit to the Government, that reform of the monetary system is well nigh impossible.  Since 1694 we have needed monetary reform, but we never get it.  We never shall achieve monetary reform until we take the trouble  to understand these principles and when we do, monetary reform will become inevitable.

In order for a government to fulfil its electoral promises, the Government must do things that need doing, things which are not being done for lack of money.  New money is needed as an economy expands. In the current monetary system, credit will be used to provide that money through increased taxation of the borrower who imagines that cheap money as credit makes him rich. If your home increases in “value” by 10,000 per cent, you feel that you can afford to pay more tax and you are glad to do so. Beware!

See how the Government can believe that debts are essential for wealth.  Read the story of the Mississippi Bubble 1719 and how it made the people of France and its Government so fabulously wealthy that Britain  copied with a South Sea Bubble 1720 and enjoyed the same magical prosperity, until the catastrophic crash.  The computer has put this bubble mechanism under such strict control, that the bubble will never burst, but take us into eternal debt slavery, with total loss of our Freedom.  When the French and the British bubbles were at their height, nobody spoke of a conspiracy to exploit the economy for a nefarious purpose, nor has any one said so since. But everyone remembered the bubble bursting.

Currently any hint of alarm at the existence of a National debt of over 13 trillion pounds, which is rapidly rising, is dismissed as rubbish “conspiracy theory again!”