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