Below is a link to a memorandum of evidence James Robertson submitted to the House of Commons Parliamentary Select Committee on the Treasury on 2nd January, on National And International Financial Architecture: Two Proposals. The Committee has now given him permission to circulate it more widely. It can be downloaded from architecture.pdf

The Committee will be advising Gordon Brown for when he chairs the G-20 meeting in London in April.

I have asked my MP to urge action on it.

With the fast-advancing ‘credit crunch’, there is a huge increase in interest in the topical issue of the origin and nature of money.

My new videocast, has received a lot of attention and commendation (with some reservations!), and is part of a huge mass of internet material on the subject.

A small sampling I can recommend is below:

Beyond the Bailout: Agenda for a New Economy, by David Korten, is quite long, but thought-provoking, on

From Cllr. Rupert Read, prospective Green Party MEP for Eastern Region:

"I recommend colleagues to watch 'Zeitgeist addendum'. These guys have an unfortunate tendency to be credulous toward conspiracy theories, an excessive dislike of religion and an excessive affection for Libertarianism, and a crude and almost laughable technophilia and technocracyphilia – BUT their analysis of money [and of American imperialism] is simple, thoughtful and extremely compelling, and beautifully cinematographed. Well worth watching the first hour of this film, the left-hand one at"

Another illuminating website to view is It forcefully illustrates the multiple threats to the future due to exponential growth – including in the debt-based money supply.

On local/complementary currencies, has an interesting offer:
Wednesday, January 7, 2009
"When It Comes to Cash, A Thai Village Says, 'Baht, Humbug!'" by JAMES HOOKWAY

One of the clearest statements on how to reform the system and cure the credit crunch ever delivered on the Floor of the US House of Representatives was made on Friday 9th January by Congressman Dennis Kucinich. See

Then there is, of course, the long (3½ hours), long-standing ‘The Money Masters’ video, available at $49.95. or $95 for 5 copies (international orders) at

This tends to emphasise the ‘conspiracies’ of the ‘money masters’ used to gain and preserve their wealth and power, but shows how through history, starting with Christ and the Romans, the struggle has been ongoing for the right to issue money, and gain the wealth and power which this confers – and the dire resulting consequences for society.

Another site worth a viewing on a related topic, though perhaps aimed mainly at American teenagers, is the fast-moving ‘Story of Stuff’, at

Brian Leslie

"In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers.  

In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to anyone. 

You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid.  

The result is that you have always too little credit [money] in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury."

Benjamin Franklin Autobiography, 1757