Our response to the UNDP’s Call for Concepts on how to finance adaptation to climate change was called Green Credit for Green Growth. It was ignored. Too many people simply seem to be too blind to the money issue that underlies all public services, whether health, education or environment.
However, like a dog at a bone, I keep at it. Since the Treasury Select Committee sets its own agenda which ignores our issue, I published a petition. It requests to stage an inquiry into the money supply.
Do you know that ‘money’ (i.e. a nation’s currency) consists of two fundamentally different components:
1. Cash or ‘narrow money’ as the banks call it, issued by the State free of interest
2. Credit or ‘broad money’, issued by financial institutions.
Well, anybody who knows about usury knows that Cash is ‘good money’ and Credit is ‘bad money’. And there is Gresham’s law that says bad money drives good money out…
So the solution is to investigate how much Cash there is and how much Credit there is. That’s what we would like the Treasury Select Committee to make an inquiry into. That’s what the Public Credit Petition is asking.
