Money, Money, Money… Its Creation must be a FREE Public Utility
Controlled by the People for the People!
As soon as interest is abolished on the Money Creation Process inflation becomes unnecessary. The graph shows in a very simple and straight forward way, why “the rich get richer and the poor get poorer.”
Interest and Inflation Free Money “For the top 10% of the population in terms of income, an exponential growth pattern emerges. The highest earning 10% receive the interest which the bottom 80% lose! For the last 1% of the population the income column would have to be enlarged about 15 times. For the last 0.01% it would have to be enlarged more than 2,000 times. In other words, within our monetary system we allow the operation of a hidden redistribution mechanism which constantly shuffles money from those who have less money than they need to those who have more money than they need. This is a different and far more subtle and effective form of exploitation than the one Marx tried to over come. There is no question, that he was right in pointing to the source of the “added value” in the production sphere. The distribution of the “added value,” however, happens to a large extent in the circulation sphere.”
Private banks create 97% of our money supply for private profit “At the heart of our dysfunctional financial system is a remarkably poorly understood fact. Private banks create 97% of our money supply for private profit. A few simple changes to the law governing the banking system can stop the banks from blowing up the economy again in the future, and mean that we’ll never have to bail out another toxic bank. We can also remove banks’ power to create money, and use that privilege responsibly for the benefit of society and the economy as a whole.” PositiveMoney.org.uk
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented…. if you want to continue to be the SLAVES of bankers and pay the cost of your own SLAVERY, then let bankers continue to create money and control credit.” Sir Josiah Stamp president of the Bank of England and the second richest man in Britain (1927)
