Volume 21 Number 2 April 2013

Main Contents

1 Editorial  
2 Quantitative Easing (QE) for the People
Ellen Brown
3 Book Review: Modernising Money
by Andrew Jackson and Ben Dyson
4 How the Fed Could Fix the Economy
Ellen Brown
5 War Crimes and the Global War on Terrorism Tony Cartalucci
7 Book review: Enough is Enough by Rob Dietz & Dan O’Neil
8 Leaking away: the financial costs of water privatisation
Corporate Watch
9 Occupy and Land Value
10 Japan’s Currency War
Peter Symonds
11 “Islamic terrorism”
John Pilger
12 Death Of A Bogeyman
David Edwards
13 How Congress Could Fix Its Budget Woes, Permanently
Ellen Brown
14 It Has Happened Here in America
Dr. Paul Craig Roberts
15 Austerity is a Scam
Caoimhghin Ó Croidheáin
16 The Real New World Order
John Kozy
17 The skivers and shirkers are the economic rent extractors Richard Murphy

If the National Debt is part of the money supply, and if the banks have created that supply, why can’t the government pay it off by creating the money itself? – Why should taxpayers have to pay the banks interest on it?

With virtually all our money created as interest-bearing debt, it is impossible for all the debts to be repaid from the existing stock of money in circulation.

New debts must be taken on totaling the capital plus interest on the debts being paid-off, if the money supply is to be maintained. (The interest is paid from other outstanding debts.)

This means that debts must grow continuously – as they have been doing, at a growing rate – relieved only by bankruptcies. It also means that the money supply must grow continuously. This means inflation or economic growth, or both, punctuated by periods of recession. We can see the results all around us – it is time to change the system!

Joseph Huber and James Robertson - Creating New Money - A monetary reform for the new age New Economics Foundation June 2000 ISBN 1 899407 29 4