- The Speaker of the Legislative Assembly
The State of New South Wales parliament requires a State Bank to finance the States fiscal needs in order that it need not borrow money from private banks when it can create its own credit for the needs of The People of New South Wales.
Debt free credit created by the State itself means no interest payments to only-for-profit greedy banks. Debt free credit created by a State Bank run under binding legislation can be spent into the community by the government and need not be taxed out to repay to private bankers along with the extra interest required by them.
In other words if you earn money from government work such as construction of hospitals, roads, railways etc, it belongs to you.
We, the undersigned, demand that the New South Wales Parliament immediately set up and run a state Bank for the benefit of The People of New South Wales and create its own credit for all fiscal needs of the State of New South Wales.
The A State Bank for New South Wales petition to The Speaker of the Legislative Assembly was written by Leonard Clampett and is in the category Miscellaneous at GoPetition.