On 24 May, 10:07, Jethro wrote:
Why doesn't the UK government issue "credit crunch bonds" (cf. War
Bonds) to the general public ?

Say minimum 5 year holding, and 3% return ?

How much money could they raise that way, and would it help stave of
tax rises ?

What the government should do is print its own money or create its own
credit. It won't do this because we are now slaves to the European
Central Bank. See my correspondence with the Treasury below:

http://www.financialreform.info/f_r_...non_reply.html

thedarkman wrote:
On 24 May, 10:07, Jethro wrote:
Why doesn't the UK government issue "credit crunch bonds" (cf. War
Bonds) to the general public ?

Say minimum 5 year holding, and 3% return ?

How much money could they raise that way, and would it help stave of
tax rises ?

What the government should do is print its own money or create its own
credit. It won't do this because we are now slaves to the European
Central Bank. See my correspondence with the Treasury below:

http://www.financialreform.info/f_r_...non_reply.html

What you speak of probably already happens. Money is printed, but too much
and we have a devalued pound and inflation.

On 26 May, 09:59, "Fredxx" wrote:


http://www.financialreform.info/f_r_...non_reply.html

What you speak of probably already happens. *Money is printed, but too much
and we have a devalued pound and inflation.

They love that old chestnut, they parrot it incessantly but they don't
stop to think. Inflation is caused by too much money chasing too few
goods.

There is clearly not too much money in the system because nobody's got
any - except the banks.

Clearly the government should create credit - debt-free - and spend it
into circulation, or even lend it interest free to small firms. Or
even give it outright to the unemployed, low earners and students.

If they introduced a basic income for everyone they could shut down
the entire social security system. Instead they keep borrowing from
the banks and add to the irredeemable debt.

http://www.financialreform.info/

http://www.basicincome.org/bien/

How can you have say money isn't printed? I think it happens a whole lot. But inflation seems to balance things out, thats how I feel about this.