Home | Site Map | Submit Article
.
Article Search
 
Article Categories

Advice

Auto Motive

Business

Communications

Computers & Internet

Dating

Education

Employment

Entertainment

Environment

Family

Fashion

Finance

Food & Drink

Gardening

Health

Hobbies

Home Business

Home Improvement

Humor

Kids & Teen

Legal

Marketing

Music

Online Business

Parenting

Pets

Product Reviews

Real Estate

Recreation & Sports

Self Improvement

Site Promotion

Technology

Travel & Leisure

Web Development

Women

World Affairs

Writing

 
   
   Third World poverty is created by giving aid as credit


08 Mar 2008 12:28:06
| Doctor Edward C Hamlyn MBChB


What is the trick by which a poor nation can have money to spend without receiving any money?

The trick is to enable that poor nation to create new money by borrowing new money into existence.

Western Governments allow private banks to create new money as credit. This is a cunning method, of giving banker friends, a licence to counterfeit money by sleight of hand. This practice has been in use since 1694 and never challenged.

The Tonnage Act of 1694 gave bankers the right to issue new money as credit. That is, to allow new money to be borrowed into existence.

The Tonnage Act resulted, when the King needed money to pay his troops, whilst fighting a war with France. The bankers came to the King and offered him money, if the king gave them permission to create the money.

The King said "I must pay my troops. Do whatever you must, but do give me the money".

Thus was formed the Bank of England. Years later the Federal Reserve Bank of America took the practice across the Atlantic. As a result, the richest countries in the world now have the biggest debts.

Whereas the poorest countries are now enslaved by debts and are the new colonies of new Empires. A country is colonised by getting into debt and then being forced to earn money to pay the interest.

The country, which is a victim of this practice, is encouraged to use its borrowed money to grow food. Food becomes the only commodity the country has for sale to pay the interest it owes.

Then the global economy gets rigged, so that food become so cheap, it must be sold at giveaway prices, which do not pay the interest.

Then people starve. Aid as credit turns to death. Aid as credit is the new form of genocide.



About Author :
Dr Hamlyn is a founding member of the Royal College of General Practitioners, a veteran of WW II, retired farmer and practicing medical doctor. He is a prolific and articulate voice on the subject of monetary reform. www.monetaryreform.org

Home >> Finance

More Related Articles in " Finance "
>>
Life Settlement :Towards A Free Market for Life Insurance [ Author : Jon Thomas ]
>>
Option Trading Tips - Get Paid For A Promise! [ Author : James Thomas ]
>>
Equity Discount Real Estate Investing [ Author : James Louis ]
>>
Tips & Advice On Residential Construction Loans [ Author : Bob Hett ]
>>
Personal Loans, Get the Money [ Author : Terry Smith ]
>>
Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can [ Author : Carrie Reeder ]
>>
Bad Credit Home Loan To Get You Out Of Debt [ Author : Bill Smith ]
>>
Mortgage And Credit Card Companies Under The Spotlight On [ Author : R.Green ]
>>
Seven Deadly Trading Mistakes - Part Seven [ Author : Harvey Walsh ]
>>
A guide to investing [ Author : Jeff Lakie ]
 

 
© Copyright 2005-2007 Free Articles by articleburn.com All rights reserved
eXTReMe Tracker