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Prior to computer we had no way to handle ideas, to store them, and turn them into a currency.
But money in form of computer entry is ideal, provided we introduce honesty into system. For a democracy to exist currency must be created and issued by Government, which must be of people, by people and for people. This is all important, because whosoever creates and issues a nation's currency has absolute power, dominion and sovereignty over that nation.
Whoever it is, that has this privilege, controls everything. He, or they, are above Law, above Parliament, and actually constitute a financial dictatorship.
That dictatorship, which now exists, needs all its power to control Press, and media, in order to hide from view what is actually going on. That power will have been used to make practice legal, but that does not make it honest.
It is, in fact, a very evil regime run by an evil elite.
A whole upper strata of society came into existence to serve this dictatorship. The culture, whole civilisation has become corrupt and practice becomes world-wide Globalisation is phenomenon we are addressing Therefore whole practice of money must be available for public scrutiny, so that we know it is all honest and above board. The Treasury is most secretive department of Government.
The Bank of England is most secretive and private bank in world.
There is no place for ethics in that set-up. But it could be different, and we could reform monetary system so that we use money, instead of debt, as our currency. That would be a fundamental change. The whole subject of economics will become very easily understood by everyone. So easy to police, that dishonesty would vanish.
To summarise:
We need a competent and reliable means of exchange. We need to be able to distribute, to whole human race, quality of life that is now obtainable. No difficulty at all. Our only real difficulty is in confronting extent of evil in existing system. It takes a very brave man to confront evil. But evil melts like butter in sun, when confronted with courage.
Addendum.
About 25 years ago, I was working with Arthur Lewis M.P., forming up an All Party Committee at House of Commons, seeking a Freedom of Information Act, with reform of Official Secrets Acts. One of my jobs was to seek out abuses of Official Secrets Acts, with which to make media coverage, for need to establish a right for citizen to know truth. There were very many abuses, but most important were in field of finance. I discovered that our currency is not created and issued by Government, but by private financial institutions, such as banks. It took me many years to obtain that data for use without violating Official Secrets Acts Now I can use it, but data is so unbelievable, and is such very bad news for very powerful vested interests, that it remains a secret. But not an official secret, for I have it in writing from Government, and can therefore use it.
The whole purpose of this briefing sheet is to tell people of this country of enormous advantages that would benefit each and every one of them, if this abuse of financial system, were fully exposed and corrected.
www.monetaryreform.org
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.