Message to Jeremy Corbyn and John McDonnell
John and Jeremy – back in November 2013, you both sponsored Early Day Motion 748 which read as follows:
That this House notes that the hundredth anniversary of the Bradbury Pound on 7 August 2014 is a welcome reminder of the historic precedent for public credit as the sound basis for debt-and interest-free Treasury money and therefore the sound alternative to the national debt and interest-bearing bank money; congratulates the Forum for Stable Currencies for having promoted the public credit since 2002; and urges HM Treasury to follow John Bradbury's model and address social, economic and political issues across party lines in one fell swoop and avoid wholly unnecessary austerity cuts.
https://www.parliament.uk/edm/2013-14/748
As truth-seeking and rebellious backbenchers, you clearly recognised that Public Credit (or Sovereign National Credit as it is known today), in the form of the very successful Treasury-issued Bradbury Pound, was THE way to end austerity ‘in one fell swoop’.
So, we are compelled to ask then, as both of you are now very high profile frontbench politicians, why have you not mentioned once the Bradbury Pound and what it can actually do to transform for the better the entire British economy? You both know that a sovereign nation doesn’t have to borrow debt-laden money from the private financial sector – so why do you persist in talking about borrowing when discussing the tens, if not hundreds of billions, you believe are vitally needed to inject into the British economy? And why do you both avoid meeting with experts and campaigners who want to discuss with you the restoration of the Bradbury Pound?
Since becoming Leader of the Opposition and Shadow Chancellor, your campaigning rhetoric on the hustings has always been about giving people ‘hope’ and ‘change’ for the future. Surely this is just empty and meaningless rhetoric if you will not now pursue what you genuinely believed would work as passionate and unburdened backbenchers? You have a very real solution to austerity and poverty in your hands but seemingly, as Privy Councillors and part of the self-perpetuating Establishment, you are now both hamstrung and unable to act for the proven and badly needed truth. What does this say about your integrity? And what will your supporters say?
Hardly anyone knows about the fiscal arrangement of Sovereign National Credit and how a sovereign nation’s government can create, issue and control all of its own debt-free and interest-free money through its treasury without being reliant on the private bankers or any sort of complex and personally invasive direct taxation system – in other words, money that is created based on the actual wealth and creativity of the nation. Just one question on the Bradbury Pound at PMQ would transform that situation overnight. So, how about it Jeremy? Your supporters at least deserve this. Let’s get the public debate going on Sovereign National Credit.
And John, instead of having private, confidential meetings with Hedge Fund Managers and searching for complex ways to ‘play’ the City of London’s system of debt creation and debt servitude, why don’t you simply speak out against the whole rotten financial system that you know ultimately benefits only the ‘one-per-cent’ at the expense of the rest of us.
Come on Jeremy… come on John, let’s all work together to get rid of this totally corrupt financial system hook, line and sinker and so nullify the criminal influence of the private financiers and central bankers and, in particular, the Bank for International Settlements. Sovereign National Credit is the ONLY system of liquidity creation to benefit ALL of the people, ALL of the time. So please my friends, do what you know is fundamentally right - carry out your EDM 748 and let’s all prosper from a tried and tested, common sense SOLUTION to money creation and money supply. The people queuing at the Food Banks at least deserve that!
We await to hear from you.
