“We need a firm, fair and sensible approach” We sure do! but with British Rail in the hands of big business, that is pie in the sky.
Let us face the fact, that British Rail is under funded, and was put into private hands, as a solution to that problem and it makes the problem worse. We could all recognise the truth of that statement if we took the trouble to look.
British Rail provides an essential, vital, national service, whether we like that responsibility or not. Make no mistake, it is our responsibility, “because it is us, what needs it.”
Therefore if we heed our Editor and agree that we need a firm, fair and sensible approach, and also confront the fact that British Rail is under funded, and has been ever since the day that British Rail was an unborn foetus in the brain of Isambard Kingdom Brunel, we shall see that we need some new think, to solve the problem.
Take a look at the real estate value of British Rail today and see that it is an astronomical sum of money. Money which did not exist during it’s gestation in the brain of Brunel. In other words new money had to come into existence, to put British Rail there. Lots of new money was required.
Where did that new money come from? Do not ask any body other than I, because they cannot or will not tell you. I will tell you, it was borrowed into existence. It was issued as credit by private banks. Ask the banks what the hell they are playing at, and they will tell you “What we do is perfectly legal, read the Tonnage Act of 1694”. And sure enough, it is legal.
But computer money has turned credit into debt. The Tonnage Act no longer serves. We need a new system for creating and issuing new money. It should be and now it must be, the sole privilege of Government to create and issue new money and to do so correctly, under our supervision.
The Conservative Party and Monetary Reform
The Tories have always opposed open government. Margaret Thatcher said a “Freedom of Information Act! over my dead body!”. We now know why. Labour accepted from the Tories the secret mandate given to the bankers to create and issue new money as credit.
New Money As Credit
"Labour accepts that private financial institutions like banks should be allowed to issue new money as credit” The full significance of this statement, correctly understood and widely known, would fundamentally change the whole global economy.
Why Can't we Afford a Home?
You cannot afford a home because you are not permitted to earn enough money. If for example you cannot afford to get to work, the work cannot be done. To get better pay, you might need that job in Exeter. But you and your family live in Redruth. To sell up and move to Exeter, would cost you so much money, that it would be impossible.
