Newsletter No. 31a - July 2010
This is a PS to Newsletter 31. Links to that and other Newsletters can be found here.
I hope that many UK readers will give high priority
to supporting these two new developments.
1 . The Proposed Bank of England
Act. Please add a comment supporting Gillian
Swanson's request to the UK's Coalition Government
It is not yet widely understood that the government
now unnecessarily gives the commercial banks the privilege
of creating almost all the national supply of money as
interest-bearing debt - at great profit to themselves
and great cost to the country and its citizens. This
clearly conflicts with this government's claim
Coalition's Programme for Government
to be "a strong, progressive coalition inspired
by the values of freedom, fairness
The proposed Act would transfer to the Bank of England
- as an operationally independent nationalised agency
responsible to government and Parliament - the function
of creating new money free of debt, to be spent into
circulation by the government in the public interest.
2. The Call4Reform Student
Conference in London on Sat 18th-Sun 19th September will
also be about the need for this reform. Please click
here to see why it is especially important for
students, and for practical details of the conference.
If you are a student, you should try to go to the conference.
If you are not a student, please pass on the information
about it to any students you know (or any parents of
Best wishes to all.
29th July 2010