It’s too bad that most people don’t appreciate the significance of the national debt. In view of the visualization that simply illustrates the HUGE number of dollars, let me repeat my essential points here: Governments always had the right to mint their coins and print their notes In 1694, the Bank of England was established [...]
Filed under: Central Banks | Tagged: Bank of England, Economic, Finance, Government, government debt, Tax, United States, United States public debt | 5 Comments »
Are enough people waking up to make a difference like this cartoonist? Click on the image to enlarge it. Central banks create “money” from thin air, call it quantitative easing, sell it as “public debts” or “treasury bonds” to get interest payments, and people are in awe of fancy papers and words they don’t understand. [...]
Filed under: Banks, Campaigning, Central Banks, City of London, Credit creation, European Central Bank, Federal Reserve, Government debt, Money as Debt, Nation States, National debt, Public debt | Tagged: Central bank, Government, Quantitative easing | Leave a Comment »
Getting letters from Officials is always interesting. This one is an anonymous response from public.enquiries AT hm-treasury.gov.uk and states: The National Debt is not owed by the public, but is owed by the Government. It is not Government policy to repay the national debt completely. Governments borrow in order to spread the capital of projects [...]
Filed under: Uncategorized | Tagged: Government, government debt, national debt, Policy | Leave a Comment »
This is what happens when money ceases to be a ‘medium of exchange‘ and is a ‘tool for control’ instead: The proposal by HM Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the [...]
Filed under: Uncategorized | Tagged: Accounting, Employment, Government, HM Revenue and Customs, money, Tax, Taxation | Leave a Comment »
