Stop the Cash Crumble to Equalise the Credit Crunch
Since 1998, the Forum for Stable Currencies has provided room for debates between Parliamentarians and concerned citizens regarding our financial system. With input from the Christian Council for Monetary Justice, Local Exchange Trading Systems, SAFE - Struggle Against Financial Exploitation and many likeminded groups internationally, we have covered the full spectrum of monetary, financial and economic causes that are historic and systemic.
We have also covered the effects that range from "bank victims" and overindebtedness to bankruptcies and suicides, which we address with our petitions Financial Fairness for Voters and Taxpayers, please!, Stop the Oppression of the British People and WANTED: Fair Trials and Compensation!.
Before its reform in 1997, we attended meetings of the "Monetary Policy Committee" and the Economic Affairs Committee at the House of Lords. Following the advice of a human rights lawyer, we then focussed on the Treasury Select Committee at the House of Commons. We have also made written submissions to these committees. Our last submission was Green Credit for Green Purposes in response to the Stern Inquiry.
In 1914 Sir John Bradbury issued Treasury Notes known as the Bradbury Pound - a historic precedent, comparable to Abraham Lincoln's Greenbacks.
In 1964, Conservative Henry Kerby MP put down a motion that the emission of all the means of exchange should be returned to the Crown. We have been asking for public credit through Early Day Motions since 2002 and will continue to ask for "true sovereignty and liberty", just as Henry Kerby MP.
This petition is our request to make money supply or public credit the topic of an inquiry. More on current site, blog, previous website, archive, historic precedent and TimesOnline articles: Ban compound interest to save our planet, Is interest-free lending inevitable? and No hope for the planet unless we reform economy.
The economic framework is provided by Nobel Peace Prize winner and founder of the Grameen Bank Dr. Muhammad Yunus in his book Creating a World without Poverty - Social Business and the Future of Capitalism.
There are two petitions to the Prime Minister in our spirit: national banking and money creation.
Our last meetings were recorded in the Grand Committee Room and in Room 14 and led to Enforcement of Bank of England Act 1694, Victims Unite! and Our meetings on video.
Our online petitions with the latest collection of comments can be found here.
Since nobody generates the interest necessary to pay for credit, we cannot buy into the myth of a “credit crunch”, whilst on-line statistics of the Bank of England show that the Cash share of the money supply has continually dwindled. The reality is therefore a “cash crumble”.
For an economy with believable inflation rates and the ability to preserve wealth, it is not necessary for the Government to raise taxes or to borrow, but to stop the “cash crumble”.
More in the special report of the New Scientist How our economy is killing the Earth, Money as Debt also known as Credit, Public Cash for the Real Economy - The ultimate request, by on-line petition in the Accountancy Business and the Public Interest Journal and Stable Currencies in Action.