The elite that presides over the EU is the same elite that presides over the UK. It presided over and engineered the UK’s decline and our being duped into the EU as a “solution” to the decline that same elite deliberately caused in the first place.
SO whether in the EU or out of it, those puppet masters will still be there. If we leave, they can be guaranteed to use their money power to try to sabotage and derail the quest for independence.
That elite must be removed and we must ensure that we are not governed any longer by its proxies and henchmen. We must, in other words, have a government that truly governs for all the people, has its head screwed on and which actually understands economics – particularly the flaws in our current debt-based money system.
Leaving the EU will be a wonderful opportunity to build something new and far better than the mess we have had inflicted on us if we can rid ourselves of the corrupt elite and their corrupt political stooges that have been sabotaging our efforts to flourish as a nation. And who will continue to sabotage us if we let them.
And we must also have a plan of how we are going to move forward and how we are going to create something freer and better than the seriously flawed product we have been sold thus far.
So what can we do? Strangely enough, it is simplicity itself. So here are some suggestions as to where we as a nation can go from here.
1) Immediately set about restoring our cultural and trading friendships with the Commonwealth. Pour coals on the dream of a global Commonwealth or Confederation of free, SELF-GOVERNING nations. In other words create a better alternative to the EU
2) Enter into similar trading relations with BRICS and with those other nations that are likely to leave the EU once we do them a favour by taking the first steps.
3) Immediately cease and desist from overt or covert warfare against any other nation or aiding and abetting in any way “allies” that engage in such warfare. For instance leave the people of the Middle East alone and stop stealing their natural resources
4) Immediately and without fear or favour uphold by deed and exemplary example the rule of law internationally and without fudge or compromise exemplify and uphold the UN Declaration on Human Rights. Become in other words a real champion for justice, honesty and humanity on the global stage.
5) Increase production. A nation becomes prosperous by producing goods or services for its own consumption or for trade with other nations for those goods and service it cannot itself produce. The only other ways for a nation to become rich are charity and theft. But increasing production and enterprise require the removal of existing barriers to production and enterprise. The two primary barriers are taxation and the seriously flawed debt-based money system with which we are trying to operate.
So . . .
6) Reform our money system. This is vital if we wish to be prosperous and free.
The problem with our economy is that the government does not create money. Most people assume that it does but in fact it long ago handed that privilege – the privilege of creating money – to banking institutions. We have been in economic decline ever since. Why?
Banking institutions create money out of nothing and then enter that new money into circulation by lending it to you and me, business, governments and so forth.
Those loans are made at interest so that every time a sum of money is created and entered into the economy, it does so as a debt and MORE DEBT THAN MONEY IS CREATED.
Our economy runs on debt, not money. There is virtually no true money, per the proper definition of money, in circulation! That it is called money does not make it money any more than putting kerosene in the gas tank and calling it gas, will make it gas. Call it gas all you like, believe that it is gas all you like but the car still won’t run properly.
And that in a nutshell is the fundamental flaw that underpins all the economic trouble we are having, our precipitate decline, instability, relentlessly escalating debt, money scarcity and declining standard of living.
Let’s go over that again:
Money is our means of exchange. It is the system of tokens or symbols we use to pass back and forth among ourselves in lieu of actual goods, confident that at any time we can exchange money for real goods. Being able to exchange it for real goods is what gives it its value.
Someone has to create money. If nobody created it, it would not exist. But who creates it?
Currently banks create it. They simply “print” it so to speak.
But having been created, how does it get into circulation so that it can be passed around among people?
Currently, the method of getting newly created money into circulation is that banks, having “printed” it, then lend it to borrowers. The borrowers then take the money loaned to them and spend it. Thus it enters circulation.
But each time the bank lends out money it has just created, it charges interest. The interest it charges is its profit on printing money and lending it.
Thus, each time newly created money is gotten into circulation by lending it to someone, interest is added and that someone then owes more money than he borrowed. In other words, more debt has been created than money with which to pay the debt back.
This produces many adverse effects that give us all a hard time, a few of them are:
· There is more debt in existence (far more) than money.
· When an economy expands, through increased population or more goods produced and coming onto the market, the money supply, the stock of circulating money, must be increased along with it. But in the current system, if we increase the money supply – through the mechanics of lending – we increase the overall debt by an even greater amount. This is why in periods of economic boom, levels of debt soar.
· The existence of money depends upon people, businesses and governments carrying debt.
· In order for money to exist someone has to be in debt and they have to carry more debt than they have money.
· For one person or group to get out of debt or reduce their debt, someone else must go deeper into debt if the volume of money circulating in the economy is to be maintained.
· Money enters the economy through three main channels of borrowing: borrowing by the consumer, borrowing by industry, borrowing by government. If, for example, a credit squeeze restricts borrowing by the consumer and industry, there is an increased pressure on government to borrow so as to prevent the money supply shrinking (recession.) If government seeks to reduce its own borrowing, the pressure increases upon the consumer and industry to borrow.
· A “credit squeeze” or “austerity measures,” in that they seek to reduce borrowing, bring about a decline in the stock of circulating money. Money becomes scarcer. Money scarcity is known as recession.
· Control of the money supply by a handful of banking cartels enables those cartels to steadily siphon off the wealth of nations and to control by turning on and off the tap of money supply, the economic fortunes of nations. And that is where the small criminal elite I mentioned earlier gets its power to influence the fortunes – or more aptly misfortunes – of entire nations.
Understanding that basic “why” of our trouble enables us to come up with a simple plan for national economic recovery, which will enable us to extricate ourselves from the mire in which we are stuck, turn around our national fortunes and bring about a boom beyond all imagining..
Bear in mind that whatever trouble we have, it is rarely an inability to produce in abundance all the food, clothing, furniture, computers, roads, houses, schools and so forth we need. We can produce any amount of these things and so the potential for material wealth is there.
There is a difference for example between being hungry because the crops won’t grow and being hungry because we don’t have the money to buy crops that either have been grown or can be grown.
What is scarce in a recession is money and thus our ability to express demand for what we want because money is the thing we use to express our demand. And so businesses go bust due to a “decline in demand”. But it is not people’s desire for industry’s products that has suddenly, inexplicably waned. What has happened is a relative scarcity of money.
If you haven’t got the money you can’t buy the dishwasher and if you can’t buy the dishwasher, the dishwasher manufacturer can’t sell it and so goes out of business, no matter that the dishwasher exists, nor how much you want the dishwasher and how much he wants to sell it to you!
This system delivers into the hands of the institutions that create money the power to control money supply, to turn on or off the tap of money supply or to direct the supply of money to those they favour or deny money to those they do not favour. Thus they have been given a whip hand over governments, national economies and the fortunes of nations.
Imagine if someone gave you the sole right to create money out of thin air and then get it into circulation by lending it out at interest to whomsoever you pleased according to your own purposes and desires. You would have unlimited wealth and unlimited power to shape the fortunes of the human community wouldn’t you? The fortunes of the rest of humanity would then depend on whether your inclinations towards your fellows were inimical or benign. And God help humanity if your inclinations were not benign.
Okay, so now we know what is causing us all this needless trouble.
That trouble is not going to magically disappear unless the cause of it is removed.
That cause is being held in place and then hidden from view by those who profit from it and their proxies in government.
But what can we do about it? It is very likely that we are approaching a collapse of this flawed system with Western nations who have been at the hub of it facing very serious difficulties. Yet all of these troubles can be avoided and indeed a Golden Age of prosperity ushered in by the implementation of simple and sensible measures and policies. It is worth knowing what can and should be done to handle the situation when the current system implodes.
So we citizens could do ourselves a favour by demanding the following:
i) Immediately remove from private banking institutions the right to create money. Banks will retain the right to lend money but may only lend money they actually have on deposit and may not create money out of thin air in order to lend it.
ii.) Immediately restore to government – and to democratically elected, accountable government only – the right to create money according to the economy’s need for money so as to ensure and facilitate the smooth exchange between producers and consumers of goods and services.
iii.) Immediately set up an autonomous Agency whose sole right and duty is to calculate the economy’s need for money. Charge that Agency with the duty of correctly calculating money supply. The yardstick by which that correctness is measured is: KEEP THE PURCHASING POWER OF THE CURRENCY STABLE. In other words, the Agency should steer a course between inflation (too much money resulting in a decline in the currency’s spending power) and recession (too little money in circulation). Stability of spending power of the currency is in any case vital for confidence and the ability to plan and predict.
iv.) The above mentioned Agency will not have the power to create money. Its sole function will be that of calculating how much new money must be created and then instructing government to create it.
v.) The above Agency must be protected by law from any influence or interference by any person or agencies including government, with stringent penalties for violation of such law and removal from office of any official or politician who violates that law.
vi.) The deliberations, calculations and conclusions of that Agency will by law be open to scrutiny by any citizen of the nation and all its councils, conferences, deliberations and meetings will be held publicly in the presence of witnesses or on camera.
vii.) Government will be obliged and bound by law to create and spend new money as instructed by the above mentioned Agency. The Agency may only instruct government as to how much money it must create and spend. It may not instruct government as to on what it spends the money.
viii.) Government must spend into circulation exactly the amount it is instructed to spend. It may spend it on roads, schools, pensions, subsidies and so forth, whatever it decides to spend it on according to the priorities, policies and the mandate upon which it was elected to office.
ix.) Government must spend the aforementioned money into its home economy so as to ensure it enters circulation in the economy. It may not use newly created money to buy imports, For example, if it wishes to spend £10 billion into circulation by building a new bridge, it must hire indigenous labour and buy indigenous materials from indigenous suppliers where possible. Thus, through the purchase of materials and the payment of wages, new money will enter the economy WITHOUT A DEBT BEHIND IT and will then circulate. Further, this will greatly help the employment and prosperity of indigenous people and businesses.
x New money created by government according to the calculations of the fully autonomous money calculation Agency and spent into the economy on things such as roads and schools. It can be used to reduce the tax burden of the citizen. It will enable taxation to be reduced because the creation and expenditure of new money as the economy needs it will become a new, additional source of revenue for government with which to finance its various projects in service of the people. Bear in mind that new money is created so as to finance various projects all the time. But it is currently done through the mechanics of bank lending described above and the benefits of that method accrue to private banking institutions. Under the new system, the benefits will accrue to the people through a reduction in their tax burden.
xi.) Government will thus have a new source of revenue: the creation and spending into circulation of new money. If it wishes to increase its revenues without increasing taxation, it will be able to do so by helping the people increase the production of goods and services both in quantity and quality (wealth). The more benign it makes the environment for human enterprise, for the producer and the honest citizen, the more it supports and encourages the citizen in his efforts to create wealth, the more revenue it will have.
7) Immediately abolish all taxation (income tax, VAT, death duty, stamp duty, road tax, tax on fuel and so forth.) I say again, all existing taxes of any kind. Replace the currently unwieldy and expensive-to-administer tax system (whose complexity has the sole purpose of hiding from the people exactly how much tax they are paying) with a SINGLE PURCHASE TAX.
The levying of a single purchase tax will enable the people to know as they pay it exactly how much they are paying. Whether the level of purchase tax be set at 25% or 10% by government or raised or lowered by government, the people will be able to see it clearly and assess and decide upon the performance of their government in managing the nation’s financial affairs. It will thus be impossible for government to hide taxes or its own incompetence, overspending or economic mis-management. Thus, consumption will be taxed but all production will not be taxed anywhere at any time. All wages and profits will be received free of any tax and the citizen or business will pay his tax as and when he buys goods and services. As tax is paid only when goods are bought, it will be impossible for anyone to evade taxes, either through illegal means or the hiring of creative accountants. The wealthy will naturally pay more tax than those less well off in so far as they buy more goods, more expensive goods and luxury items. Whatever the percentage set for the purchase tax, it will be applied uniformly to all purchases. Moreover, as the system will be simple, requiring only that a percentage be added to purchase prices and only points of sale will be required to present tax accounts, the administrative cost and burden of tax collection will be vastly reduced. The majority of citizens will never need to be involved with tax authorities at all. Those who, being points of sale, are required to deal with tax authorities will find a much greater simplicity than the current system of tax returns.
The spending of new money into the economy to offset the tax burden, coupled with the abolition of all taxation upon income and its replacement with a simple purchase tax will remove from the citizen much of the burden of taxation that has until now so stifled his efforts to prosper.
The abandonment of the system of producing money as debt, with interest on the debt being in effect a toll or tax one pays (to private banks) for the privilege of using the nation’s means of exchange, will also reduce the debt burden and remove further strain from the citizen.
Banks will return to their primary function of safeguarding and investing the money of their savers and the provision of loans for the purchase of large consumer items such as houses. But houses, given the economic measures above, will become relatively cheaper in any case, obviating the need of the citizen to take on a lifetime of debt so as to have a home. Large banking cartels will no longer be able to manipulate the economy and thereby the fortunes of the citizen, through the manipulation of interest rates or strategic lending. The hidden whip hand held by banking cartels over elected governments and entire nations will be removed.
It should be noted that the current system requires escalating levels of borrowing in order to sustain a money supply but the new system will see a removal of that burden on the citizen.
These measures will remove the debt burden from both citizen and government and enable those who manage their affairs well to be truly solvent. They will also remove the tax burden that penalises production and inhibits enterprise along with the hidden influence upon government of the money powers.
There are of course other ills in our society that also need to be corrected and the above measures will not of themselves bring about a Utopia but we can at least remove the distractions of economic constraints and debt slavery from Man’s road and thus make his focus on other essential tasks a little easier.
Acknowledgements I am indebted to the late Dr Edward Hamlyn for introducing me to the principles of monetary reform, the economist Michael Rowbotham and his masterful and enlightened work Grip of Death, and to Abraham Lincoln for his Monetary Policy.
Steve Cook http:www.stevecookwriter.co.uk