The Real reason that we need Monetary Reform
Edward C Hamlyn
The fact is, that no economist or writer on this subject has ever explained how the Government should calculate the correct amount of new money to be created, on a day-to-day basis or even on an annual basis.
Parliament has a consensus that if Government were allowed to try its hand at this calculation we should inevitably have either inflation or deflation, out of control.
The decision has been made that only bankers understand money and therefore bankers alone, should have the monopoly of making that calculation. Bankers allow their customers to borrow new money into existence, by issuing new money as credit.
Bankers then control the resulting inflation with interest rates.
If too much money is borrowed the bankers increase interest-rates. If not enough new money is borrowed the bankers lower interest rates. By this means they are able “to control inflation within an inch of its life”.
The snag is, that whosoever controls the supply of new money, has supreme power and we now live in a financial dictatorship with loss of our Freedom and we are enslaved by debt.
The control exerted by the bankers is not good control and we have crime and drugs wrecking the culture. Forcing us to accept credit as money, is fraud which has been made legal, by the bankers using their supreme power to do so. Permitting criminals to have Supreme Power over us, has proved to be exceedingly dangerous .
By using credit as money we render fair trading impossible and have global commercial warfare instead.
Commercial warfare is far more dangerous than armed conflict. There is no respect for human life, no honesty, no decency, no Geneva Convention and no hope of peace.
There is no place for ethics in economics today, and because the economy pervades every facet of our lives, the benefits of monetary reform will become manifest in every aspect of our lives.
For example, with our personal debts standing at £1.3 trillion, a 0.25 per cent rise in the rate of interest we pay, for the use of credit, which we call money, having been forced to borrow it into existence. That rise in interest rates could cause enough misery to start a civil war or a bloody revolution. Already one Briton per minute is dropping with debt.
Doctor Edward C Hamlyn MB ChB
President, International Association for Monetary Reform
http://www.monetaryreform.org