This 5-page article was written by James Gibb Stuart who passed away after 93 years of a life filled with passion for monetary reform.
His book The Money Bomb made such an impact on the City’s establishment that it was banned from WH Smith’s windows after a positive review in the Evening Standard…
With ‘social media’ we have a new chance to make the Bradbury happen and abolish the national debt in the process:
Posted in Bank of England, Banks, Bradbury Pound, Campaigning, Cash, Central Banks, City of London, Credit creation, Debt Management Office, Government budgets, Government debt, Money, Money as Debt, National debt, Public debt, Sovereign debt, United Kingdom
Tagged Bradbury, Credit (finance), government debt, James Gibb Stuart, Money Bomb, Ray Bradbury, United States Treasury security, White-collar crime
This seven-minute video shows better than any other medium how devastating the effect of compounding interest upon interest is.
The trouble is that, by now, brainwashing (rather than education) has been so successful that everybody thinks ‘money’ must be borrowed. At interest. Nobody asks where the interest is supposed to come from.
And there is a big difference whether
- you and I borrow for our personal or small business needs (little money)
- whether banks and central banks borrow (making money out of money aka usury)
- and whether the Government borrows ‘big’ money
- for its own needs
- the provision of public services
- the compensation for shortcomings provided by public officials
- to ‘run’ the economy – which it hardly does, compared with the effect of money as debt.
Yes, it’s about ‘big’ money and ‘little’ money, and it’s about long and short time frames. That’s what the video shows!
‘Austerity cuts’ are far from necessary. But The Bradbury Pound is not known, since it is not taught by any economist. For the bank(st)ers do their best to camouflage what they are doing: create money from thin air and charge interest for it.
The big question is: why do all politicians seem to fall for this ‘trick’ such it has been beautifully institutionalised into the Debt Management Office?
The history of the national debt is published here. But who benefits is not published, i.e. the recipients of interest payments!
Posted in Banks, Central Banks, City of London, Compound Interest, Credit creation, Debt Management Office, Government budgets, Government debt, Money as Debt, National debt, Public debt, United Kingdom
Tagged Business, Central bank, Directories, Federal Reserve System, Finance, Government, Interest, Monetary policy
An interesting chart about the UK national debt by an interesting organisation: the Economic Research Council – with an explanation here, about the huge increase. How come I just read today that the PM claims the national deficit has been cut by more than a quarter? I suppose the deficit is not equal to the debt in his mind…
Also interesting is the previous chart:
Posted in Government debt, National debt, Public debt, United Kingdom
Tagged Business, Debt, Financial Planning, Financial Services, Government, government debt, United States, United States Treasury security