MONEY AND CREDIT

Watch this 7 minute film about money and credit.

http://www.larouchepac.com/news/2008/11/17/lpactv-american-system-part-1-introduction-national-banking.html

I totally agree with the basic idea; that money should be created by government only, and there should be no limit as to the amount of money the government creates.

But hang on, you say, aren’t you against creating money out of nothing?

Yes and no.

I am against private individuals, via ownership of a bank for example, being able to create money, for this as Lord Stamp states give those few individuals astronomical power which will be and has been used to create a world government that those people control.

On the other hand, I am not against the government doing this because the government is us, or it should be but is currently not precisely because we have allowed private individuals to create money and they have then abused that power to finance tyrants and corrupt politicians, the classic being Tony “Faustus” Blair.

If the government alone creates money and is allowed to create as much as we the people require then the following will occur;
1. the money will be used as we the people want it to be used, for example to build as many schools and train as many teachers as we want, not to finance foreign wars and tyrants.
2. we will not be concerned about owing any bank any amount of money because we, through the government, can create it.

Yes, the money created by the government will not exist physically, and I am beginning to suspect this is why the film “Money as Debt” was made, to make the idea of non-existent money repulsive.

But by restricting ourselves to using pure hard currency such as gold or silver coin we run the risk of restricting our development as a species. Money is energy. The more we have the more we can do.

The danger lies in who creates that non-existent money, or credit.

For the last few hundred years we have allowed ourselves to be governed by tyrants, who first taxed us to death to pay for wars of conquest, and upon the creation of the Bank of England then created money out of nothing AND taxed us to death to finance wars of empire and conquest.

But the vast majority of people don’t want war. They just want a happy, peaceful, fruitful life to pass on to their children and grandchildren. Our parents and grandparents did not have that opportunity because the people they allowed to create money out of nothing created Hitler and Stalin and both world wars of last century.

Such tyrants and death and destruction would never have occurred if we had a government of the people, for the people and by the people creating money for the people and their general welfare. The purpose and destination of all credit would be thoroughly planned and traced and used for the good of the people, not for a handful of warmongering, Moloch-worshipping megalomaniacs.