Real Greens v Fake Greens (Part 1) – The truth about Money Creation & Banking

By Justin Walker

(Ecology/Green Party activist 1978-1992 and joint campaign co-ordinator for the New Chartist Movement)

The truth is definitely out there…but only when you’re a backbencher!

Researchers and campaigners for monetary reform and social justice are perplexed.  Something is very, very wrong indeed within the current Green and Progressive Movement!  Those of us who have been researching money creation and money supply in great detail know, with absolute certainty, that there is a very simple solution for swiftly eradicating austerity, poverty and unlawful debt…forever!

And, amazingly, so do Jeremy Corbyn and John McDonnell – they know exactly what has to be done to swiftly remove austerity, poverty and unlawful debt forever in ‘one fell swoop’!  Back in November 2013, as humble backbenchers with only a limited influence on events, they both supported and signed Early Day Motion 748 (2013) along with their recently departed friend, the late Paul Flynn.  This EDM reads as follows:

That this House notes that the hundredth anniversary of the Bradbury Pound on 7 August 2014 is a welcome reminder of the historic precedent for public credit [now called Sovereign National Credit] as the sound basis for debt-and interest-free Treasury money and therefore the sound alternative to the national debt and interest-bearing bank money... and urges HM Treasury to follow John Bradbury's model and address social, economic and political issues across party lines in one fell swoop and avoid wholly unnecessary austerity cuts.

It would seem that these two veteran Left and ‘awkward squad’ politicians viewed the restoration of the 1914 Treasury-issued Bradbury Pound as being a simple and common sense solution for tackling poverty, austerity and social injustice.  But, something very strange happened when they found themselves elected and promoted to the frontbench and appointed Privy Councillors.  In effect, they had both been quickly reined in to become good servants to the ‘Crown’…and that’s not just to Her Majesty the Queen but to the whole corporate and secretive set-up that we know as ‘The City of London’ or ‘The Square Mile’.  And every attempt in the last three years to communicate with Jeremy and John on this subject of the Bradbury Pound (or Sovereign National Credit as it is termed by money reformers; or Treasury M0 at 100% as it is termed by economists) has come to nought – both of them just don’t want to know any more about the Bradbury Pound and they certainly don’t want to risk discussing it in public. Why?

Read more JustinWalker_FakeGreens.pdf