by Kieron McFaddenProsperity, February 2000

Let’s briefly take a look at the battlefield and the enemy from a new perspective. The world banking fraternity, operating through our banking system, has a mandate from the government to create the nations money supply and issue it as debt. Those loans are not pre-existing money but money created by them out of nothing, money which did not exist until the moment it was loaned.

Granting privately-owned institutions the right to create our money as they see fit and lend it upon the security of taxation, homes and businesses, delivers enormous power into the hands of a very few men. It is easy to see that he who controls a nations money supply controls that nation. One could say that money does not exist unless bankers give permission for it to exist. They decide whether money will be plentiful or scarce and thereby whether the economy will boom, slump or crash. The last few hundred years of history are replete with examples of the power of the "banksters" to determine the fortunes of any nation through this mechanism.

When one controls the money supply in this way it is easy to bypass democracy and the aspirations of entire peoples in order to influence events in the direction one desires through ones lending policies: making money plentiful for those one favours and unavailable to those one does not favour. Governments, burdened by unrepayable national debt and reliant on loans merely to keep up the interest payments on those debts are under slavish obligation to their creditors. The withholding of credit or the calling in of loans is a scenario too gruesome to contemplate when almost your entire money supply exists as debt and merely trying to slow down the rate of borrowing plunges the country into recession. Thus when "banksters" instruct the British government to sell its nations gold reserves at knock down prices to the US Federal Reserve, and then use the dollars created out of thin air they receive to "invest in the Euro", the government does as it is told.

With many media and publishing empires hopelessly mortgaged to the banks its no surprise that the issue of money creation is never discussed. Yet when the banking fraternity decides it wants Britain in the single currency, the media can be mobilised to disseminate "newspeak" tirelessly to that end. And if it ever fails in the face of the publics instinctive mistrust of the press, interest rates can always be used to tip the economy into another recession so as to confuse and demoralise us a little more.

Our fight is not to "keep the pound" in the sense that we cannot keep something that we do not yet own! Anything that is borrowed is in ones possession but temporarily and by permission of the lender who still has the ultimate claim of ownership upon it. Neither should we be duped into believing that the pound is merely a "symbol" of our sovereignty. The significance of our currency is far more than symbolic. It is an essential ingredient of our sovereignty.

In the EU controversy the vital point that our freedom has already been taken from us is obscured, which in turn obscures the real objective of the foe, which is not to remove our freedom but to simply remove it further and to take from us any hope of ever getting it back! We are not therefore fighting to avoid loss of freedom, we are fighting to achieve freedom! To do so we must address those factors which caused freedom to be lost to us in the first place the assumption by international financiers of the right to create and lend virtually our entire money supply.

The solution is to restore to our elected government the right to create and spendinto existence our currency.

Currently there are powerful influences on elected government forcing it to work with an inherently unworkable economic system, flawed at its foundation and hindering its ability to act freely in accordance with its mandate and in the best interest of its people.

EMU is the strategy of consolidation by those money powers: having all peoples of Europe subject to one currency whose supply is controlled through a central bank in Germany. If this happened the power of the banking system would become so pervasive and so unassailable it would be hard to break free. When we investigate this matter of money supply, we suddenly find we know a great deal about the enemy far more than he would like us to know. We discover for instance that he is extremely vulnerable, now, like never before in history. The system is based on a carefully masked fraud the fact that the money the banks lend is created out of nothing. This is a deceit of shocking magnitude, of which the vast majority of people are still unaware. The one thing the banksters fear is broad public exposure of that fraud. The Internet and issues such as the euro and "dollarisation" make that more likely than ever before. To establish true sovereignty in which the people through their elected government are factual master of their own destiny, it is merely necessary to restore to government through a democractically accountable authority the right to create and issue the nations currency.

For politicians to tout EMU as a solution to our economic problems, when those problems spring from bank created money, is not an answer at all and if the people come to understand the workings of the money system, they will see it that way too. When the fraud withers and dies in the harsh glare of public scrutiny, so does the EMU.

Monetary reform is easier to do than to say! Governments, however, will not take that action because there is no demand for it from the electorate, without grass-roots demand, reform simply will not happen. And the "banksters" will continue to hold all the aces and will win.

People know something is wrong about all this. We now have the means to tell them exactly what that wrongness is and how to put it right and turn that reticence into positive opposition.

When people understand the money scam there will be a ground swell of demand for reform. It is hiking up our tax and mortgages, drastically suppressing our standard of living and the quality of our lives, providing degraded food that is damaging our health, destroying our businesses, causing our public services to wither on the vine, creating the endless instability of booms and depressions and fluctuating interest rates and driving us inexorably into debt slavery. Does anyone think we are going to tolerate that when the electorate discover there is an alternative?

The monetary illiteracy of the electorate is our "money masters" only protection. Their greatest fear is exposure of the truth. The truth about our monetary system makes the case against EMU and for monetary reform unarguable.

This enables us to devise a powerful, highly workable strategy to achieve our aims to educate the electorate, and advocate the opportunities presented by democratic reform of our money system.

Kieron McFadden writes from the
British Association for Monetary Reform
27 Imberhorne Lane
East Grinstead
West Sussex, RH19 1QX

Their booklet
Monetary Reform Not Monetary Union
is available for £3.50 inc.p+p to BAMR.

Please print out, photocopy and distribute these articles. Also copy and paste them to emails, and circulate widely, and please include all the essential contact information below. Thank you.

Essential Further Reading:
PROSPERITY: Freedom from Debt Slavery
is a 4-page quarterly Journal which campaigns for publicly-created debt-free money.PROSPERITY is edited and published by Alistair McConnachie and a 4-issue subscription is available for £10 payable to PROSPERITY at 268 Bath Street, Glasgow, Scotland, UK, G2 4JR. Tel: 0141 332 2214; Fax: 0141 353 6900, Email: contactus AT ProsperityUK DOT com All back-issues are still available. The 40-page Report,Clarifying our Money Reform Proposals, launched at the 2006 Bromsgrove Conference, is available for £10 payable to PROSPERITY and is essential reading for beginners.

The Grip of Death: A study of modern money, debt slavery and destructive economics by Michael Rowbotham, [Jon Carpenter Publishing, 1998] and Goodbye America! Globalisation, debt and the dollar empire by Michael Rowbotham, [Jon Carpenter Publishing, 2000] and Creating New Money: A monetary reform for the information age by Joseph Huber and James Robertson [New Economics Foundation, 2000] are all available fromPROSPERITY.