Green Credit for Green Purposes was our proposal to the Treasury Select Committee in 2008 – ‘to do it electronically’.
But on 7 Aug 1914 the Private Secretary to the Chancellor of the Exchequer did it on paper: John Bradbury signed the Bradbury Pound – instead of borrowing money from private investors for the Government.
Justin R G Walker talks about it to Brian Gerrish of UK Column on this video and mentions the ‘credit of the Nation’.
Austin Mitchell MP has been tabling Early Day Motions along the Public Credit since 2002. It sounds so simple and yet is so profound: Continue reading
Posted in Bank of England, Central Banks, Fractional reserve banking, Money, Money supply, Public Credit Petition, Treasury Select Committee, United Kingdom
Tagged Austin Mitchell, Bradbury, Bradbury Pound, Brian Gerrish, Central Bank, Cyprus, Early Day Motion, Government, government debt, Greenback, John Bradbury, Treasury Select Committee, Twitter, United States, William Franklin
This blog addresses the core issues of what’s labelled as the credit crisis. It distinguishes between
- economic language – knowing that economics has been created as a soft social science to camouflage what central banks and banks are doing – for private benefit rather than the public good
- monetary language – knowing that the currency of a nation is being manipulated for the purpose of reaching the aim of world government via a single global currency (please google yourself instead of us providing the link) and a single central bank (the World Bank)
- financial language – the statistics that accountants produce and numbers that people use to compare and measure developments over time.
Our online petition Stop the Cash Crumble to Equalize the Credit Crunch addresses the issue by asking the Treasury Select Committee to make an inquiry into the money supply.
This means establishing the share of the Cash that the Treasury generates and the Credit that banks create, especially with a view to long term effects regarding climate change.
Posted in Early Day Motions, Lending programs, Mission, Public Credit Petition, United Kingdom
Tagged Cash + Credit = Money Supply, cash crumble, corporate debt, credit crunch, economic, financial, household debt, monetary, National Debt