Science of the Social Credit Measured in Terms of Human Satisfaction
 
 
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Edmund Burke
Science of the Social Credit Measured in Terms of Human Satisfaction
 
 
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On Target Britain

Feb 2004. Food for Thought: If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them [around the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.
Thomas Jefferson

The Nation has lost control over its own money and, therefore, over its whole future and destiny. From the first false step of granting a monopoly of note-issue to the Bank of England, soon after its foundation in 1694, it has been stealthily, but now completely, subjugated to the soulless despotism of Money Power, wielded by institutions still calling themselves "banks" but operating, for their own power and profit, what is now nothing but a gigantic private minting swindle....Apart from the coinage - a pitiful reminder of the Nation's lost prerogative over the creation of money which now amounts to only 2 per cent of the total - the Nation is now forced to pay perpetual interest to the banks for money with which to carry on its economic life and to prevent it from disappearing, and so paralysing economic life.
Professor Frederick Soddy and Others
Present Outlook - A Warning
6th September, 1944


GET WISE!
WHY A LARGE MARKET TOWN HAS NO HOSPITAL

A Profitable Public Deception - The "Cost" Of Public Services
We have been regaled for many years by problems of a shortage of public funds to finance essential public services. Reports and threats abound about hospital closures, hospital ward closures, shortfalls in numbers of clinicians and nurses. On site nurses homes have been closed. Another form of this financial salami slicing may be seen in reports of the "dumbing down" of the training of hospital consultants and doctors. We hear repeatedly of the closure - invariably excused by the need for rationalisation and centralisation - of local schools, police stations and post offices. Equally inevitably, arguments for rationalisation and centralisation have involved the increasing costs of technology and maintenance, coupled with associated, purported improvements in the services provided; improvements that are all-too-often illusory. Daily travel distances and costs increase at the expense of the public. Centralisation results in the poor, the elderly, the incapacitated and others travelling unacceptable distances for hospital treatment or to visit close relatives. This often involves concomitant long waits for treatment. We were told some ten years ago of serious shortages in National Health Service dental treatment in the Berkshire area. This was reportedly due to the disparity between National Health Service and private payment rates and a consequent remit for dentists increasingly to move towards the private sector. In recent months people have queued for several hours in the hope of registering as National Health Service patients for dental treatment.

Oswestry & District Hospital - A Financial Confidence Trick

Closure of the Oswestry & District Hospital, in 1990, is just one of countless examples of enforced economies in public services throughout the country. The largely rural county of Shropshire borders Central and North Wales to the West. Standards of health treatment clearly vary across the country, between towns and cities. Peripheral problems, such as drug-related and social violence, for example, are more likely to be prevalent in city centres. However, under the strongly monetarist Conservative Government of Margaret Thatcher, Shropshire was particularly hard hit by financially-driven moves to close local community oriented district and cottage hospitals. A few years previously the Deputy Editor of On Target had personally visited a range of hospitals, including those for the care of the elderly, the infirm and the mentally retarded, elsewhere in the country. The attraction of valuable real estate for sale to the private property sector were obvious as a corollary of centralisation. This, inter alia, resulted in infamous and euphemistic policies for inmates to move to privately run health care homes, and to live "in the community", even when incapable of any meaningfully independent existence.

Oswestry is an important market town situated in North West Shropshire, about four miles from the Welsh border. The county town of Shrewsbury is located in the centre, about 17 miles distant. The expanding urban and commercial concrete sprawl of Telford New Town, blistered on to the town of Wellington, a remnant of the Industrial Revolution, is a further 23 miles away on the eastern fringes of the County. Oswestry is the location of the specialist Robert Jones and Agnes Hunt Orthopaedic Hospital, one of two so renowned in the country. Until 1990 routine operations and hospital care were provided by the Oswestry & District Hospital with the close support of local General Practitioners. More extensive treatment was provided by the Royal Shrewsbury Hospital, or the Wrexham Maelor Hospital, eleven miles distant. In the 1980s a growing demand for hospital facilities to service the rapidly expanding population of Telford resulted in the construction of the Princess Royal Hospital there. It is not easy directly to equate this to the "balancing of the books" of compensating financial reductions over this period, but the reality was pressure to close community hospitals elsewhere in Shropshire. Oswestry was arguably the largest of the candidates, with a population of 16-17,000. It also has a significant catchment of surrounding, ever-expanding villages, which brings the population up to a total of 37,318 according to the local 2001 Census. Yet for some reason Oswestry became the soft target. In spite of a strong and well-organised protest movement, and in spite of an assurance said to have been given by Health Secretary Kenneth Clarke to then Member of Parliament for North Shropshire, John Biffen, that he would stay his hand, he duly reneged and sanctioned the closure during a parliamentary recess. A palliative concession was the establishment of Maternity and Accident and Emergency (A&E), facilities at the Orthopaedic Hospital. One major problem of this has been that the A&E Unit only functions during normal working hours. Countless examples have therefore accumulated, over the intervening years, of journeys to Shrewsbury for emergency treatment, with the attendant long delays, that could otherwise have been handled perfectly well by a district hospital.

The present situation in Oswestry was pithily summed up in a letter from Mr E. Humphreys, of Shrewsbury, Shropshire, to the Shropshire Star of 24th January, 2004:

As well as not having a hospital in Oswestry I am sorry to have to inform you that you do not have very much police cover either. Last Tuesday, I had to take my wife at midnight to the accident and emergency department of the Royal Shrewsbury Hospital. In A&E there was a man with a blanket wrapped around him with two policemen looking after him. The police-men told me that they had brought the man (who had been arrested for being drunk and disorderly), from Oswestry earlier in the evening to Shrewsbury Police Station. The man in custody needed to see a doctor so the two policemen from Oswestry had to take him to Shrewsbury Hospital and spend their shift with him. My wife and I left A&E, Royal Shrewsbury Hospital at 3am, the police and the arrested drunk were still in the A&E Department. During the three hours my wife and I were at the hospital I had a chance to ask one of the policemen how many were on duty in Oswestry - the answer was three, of which two had spent all this time with one drunk at Shrewsbury Hospital. You have no hospital, you have very little police cover. What are your councillors doing about it? Very little by the sad state of affairs.

Flying The Kite Of False Hopes And Promises

Politicians know only too well that public anger has a limited shelf life given the occasional safety valve of demonstration and protest. Even the estimated 3,000,000 who converged on the streets of London to protest against the planned invasion of Iraq in February, 2003, quickly lost its momentum although the "New" Labour Government of Prime Minister Blair has been wreathed in duplicity and scandal ever since. Essentially, those most culpable are still there, in office. How much, too, is now remembered, or perpetuated as a public cause célèbre, of the Bovine Encephalopathy-Creutzfeldt-Jakob Disease (B.S.E.-C.J.D.), episode, the scandalous Labour Government handling and blatant manipulation of statistics during the Foot and Mouth Disease Crisis, or the threatened uprising in the countryside against legislation to outlaw hunting? Local protest movements inevitably lack the individual or collective stamina, or the essential clout. The former Oswestry & District Hospital was first converted for use as a private nursing home and as accommodation for a play group. When this ran out of steam the land, historically the gift of the townspeople, as had been some of the equipment, was sequestered by the Health Authority and sold on for housing development. Here, we may usefully take a random look into the hall of mirrors of this power game, for which very few local authorities or individuals are any match: The 2000 Annual Report of the Sainsbury retailing chain shows Sir Terence Heiser as a Non-Executive Director. Heiser served as a permanent civil servant in housing and the environment and from 1985 to 1992, was the Permanent Secretary in the Department of the Environment. Such company appointments are not made by accident!

Owen W. Paterson succeeded John (now Lord) Biffen as Member of Parliament for North Shropshire in 1997, some seven years after the closure of the Oswestry & District Hospital. The problem appeared to rumble on but there was no obvious party-political stimulus or concern for the debilitating absence of adequate local health care facilities. Matters only came to a head with the announcement that the Maternity Unit was to be closed in October, 2003, albeit temporarily. This latest crisis precipitated a large protest meeting on the 4th September, 2003, attended by about 300 local residents. Paterson attended, together with the Leader of the Borough Council and local Health Authority representatives. The catalogue of errors and incidents was exposed, not least by former councillors whose memories were fresh with machinations of the District Hospital closure of 1990 and its consequences. Attempts were made from the platform to paper over the cracks by dismissing past events as history. Assurances and proposals were offered instead for an embryonic concept of restricted health care facilities to be constructed around an existing medical practice. Undoubtedly Paterson made the appropriate parliament-ary representations. Then, in February, 2004, the Shropshire Star newspaper abruptly revealed that "Ambitious plans for a £3,000,000 health care centre in Oswestry were in tatters today after the Government rejected a bid for funding", with the comment that rejection of this plan, "to include a minor injuries unit and a dentist surgery" was "another nail in Oswestry's health care coffin". Owen Paterson, M.P., declared the rejection to be a "setback" which "changes absolutely nothing", "with his complete deter-mination to have "substantial health facilities built in Oswestry". We not-ice that the term "hospital" as such has now conveniently slipped, seem-ingly irrevocably, from the vocabulary. Posturing, propositions and prom-ises are unfortunately nothing more than punching holes in the air. The vital questions and the obvious answers are: How long has Oswestry been without a hospital - 13 years; does Oswestry have a district hospital or other adequate health care cover now - NO! What is the future projection for the establishment of such amenities in any acceptable form - 5 years, 10 years, or anybody's guess?


Know Your Enemies - The Fate Of Public Protest


Sustained, organised, public protest places almost insuperable demands on the protest leadership. Protest organisers will invariably face the demands of family and employment; employment that may well con-flict with any vested interests involved. They may well lack the necessary organisational experience and will probably lack important technical ex-pertise. They will certainly lack the legal and financial resources of central government and vested business interests. Politicians are bound to great extent by the collective of the party-political whip system. Unless they hold ministerial office, Members of Parliament in any case appear to have remarkably little individual power, given the relative insularity of the Westminister "closed shop". With notable exceptions, it is rare for a M.P. to take any individual or public cause beyond the limits of his, or her, own party's interests, or at risk to his, or her, political advancement. Neverthe-less, an M.P. is honour bound to respond to a constituent, and will usually endeavour to reply constructively within these limitations. Protest move-ments can also be infiltrated and neutralised. A leading organiser of a protest against a potentially hazardous landfill site between Oswestry and Wrexham has told On Target how the protest strangely lost momentum when certain new individuals joined the movement. In November, 1999, On Target attended a large, well organised meeting at Buckley, near Mold in Flintshire, North Wales, the purpose of which was to protest against a proposal by Castle Cement, a subsidiary of Heidelberger Zement, A.G., to use carcinogenic toxic waste as fuel instead of coke in a new kiln proposed for Padeswood, a few miles away. Oswestry is well within the catchment for the fall-out from this kiln. Experts who addressed the meeting included Dr Dick van Steenis, M.B.,B.S., a retired General Practitioner and a nationally respected authority on Toxicology. The protest organisation was called C.A.N.K., the Campaign Against the New Kiln. Within days of the meeting, it became suddenly and inexplicably difficult to contact the original organisers. Soon afterwards, the Castle Cement proposal was approved by the Welsh Office (1).


Another invited speaker at the meeting was Mary Horner, a re-doubtable campaigner whose schoolboy son had suffered serious physical affects from another Castle Cement installation at Clitheroe, in Lancashire. On Target assisted Mary Horner to contact a suitable legal firm to conduct her case for compensation, at which stage her legal aid was inexplicably withdrawn. The national campaign for compensation for former service-men who have suffered serious physical defects due to the Gulf War Syndrome, and a similar case to compensate farmers who have suffered similar side effects from Organophosphates, both lost legal aid due to a "lack" of evidence. The Government employs medical faculties, headed by Dr Virginia Murray(2), and Professor Wessely(3), also subsidised by powerful vested commercial and other government agencies, including the United States Department of Defense, to distort the evidence in favour of psychological rather than physical damage. Margaret Hodge is currently a Minister of State in the Department of Education and Skills. Her husband, His Honour Judge Hodge, is Chief Immigration Adjudicator, and is associated with the Equal Opportunities and Race relations committees. Along with his law firm, Hodge, Jones and Allen, he has long been a Government adviser on legal aid. One can only draw the obvious circum-stantial conclusions from this.

Punching Holes In The Air - Hitting The Wrong Target

On issues of major importance or public concern, such as the ver-itable, suicidal slaughter by cancer due to modern chemicals, processes, and toxic industrial and waste disposal emissions, governments are be-holden to massive corporate industrial and financial interests; a situation that, incidentally, constitutes a major drain, like AIDS and Sexually Trans-mitted Diseases (S.T.D.), on government finance that would otherwise be available for hospitals and routine health care ("Explosion of sex infections overwhelms health service", The Independent, 10th March, 2003). Due to a lack of public information, or failure to take into account certain factors, attention is invariably diverted from the root causes, protest inevitably focusses instead on the effects. Politicians are therefore only too happy to allow individuals and organisations to fire harmlessly at the wrong target; the "safety valve" to take the heat out of the protest. There are numerous examples of this. Behind any such scenario ultimately lies Money Power and supporting tactics for controlling the public mind, Political Correctness (P.C.). Political Correctness is not merely a passing irritant or absurdity, as some may wishfully think, expressed, for example, in attempts to imp-ose fatuous terms like "Chair" or "Chairperson" in place of Chairman. Behind Political Correctness lie techniques designed specifically to imp-ose the will of a certain faction upon others in local government, education, the police, politics, general conversation and so on. The importance for the protester is that Political Correctness has its roots in the revolutionary aims of Marxism-Leninism, which has always served the interests of Money Power. Formulated by the Frankfurt Institute for Social Research in the 1920s, Political Correctness is an element of Cultural Communism, that has systematically infused the mores of Western society to destroy social cohesion, independence of mind and the public will by destabilising trad-itional morality, spirituality and the family; inter alia, organised protest such as that with which we are concerned!(4)(5)


We may protest and make representations to M.Ps. to our heart's content, as in the case for a district hospital in Oswestry. But unless we are prepared to understand the fundamentals we shall founder against a rubber wall of political obfuscation. Simplistically, the money has to be made available. Thus we have to be aware of how funds that might otherwise be available are being deployed, and that any Government has the right of seigniorage, given the political will, to create that money in any case. What are not easy to relate for ordinary people are other factors in play. Costly health risks due to Hormone Replacement Therapy (H.R.T.), are well known, but the medical journalist for Telegraph Newspapers, Dr James Le Fanu, has written of reluctance to disclose the supporting research of the high stakes involved and that "until recently the H.R.T. market alone was worth billions of pounds a year - that is hardly surprising. And no one would willingly spoil the party with a bit of bad news". Appointees to medical, pharmaceutical, biotechnology and veterinary regulatory and advisory bodies include numerous "experts" beholden, through investment, directorships or consultancy, to the corporations involved. Sophie Goodchild and Robert Ludgate of Independent News-papers have written of the dangers of the drug Seroxat:

The chief executive of the mental health charity Mind, who resigned from an expert panel in protest at a "cover-up" over unsafe prescribing of anti-depressants, was last night dem-anding a Government inquiry into the relationship between pharmaceutical companies and independent drugs regulators.

We are not only not being told these truths; the real, underlying rea-sons why funds are not being made available. In the case of the campaign for a district hospital in Oswestry; we find that our attention is being diverted from other truths. One more example of how essential funds are being diverted, ipso facto, mis-employed, is in the treatment of Sexually Transmitted Diseases. The year 1994 was only shortly after insufficient finance had been available to maintain the Oswestry & District Hospital. In 1994, under a Conservative Government, the Health Education Auth-ority (H.E.A.), was being allowed to publish so-called "advisory" material against teenage promiscuity and S.T.Ds., that was in fact deliberately pornographic and an inducement to promiscuity. Glossy magazines aimed at teenagers have become increasingly pornographic. The same applies to film, video and television transmissions. Representations have been made through, and directly by M.Ps. The United Kingdom has the highest teenage pregnancy and S.T.D. rates in Europe. Formal regulation has been a cosmetic farce, as was Prime Minster Blair's teenage pregnancy "initia-tive". Instead of legislating for the effects, what no Government has been willing do is to tackle the causes - legislation that has progressively de-stabilised the family and family values, severe constraints on discipline in Education, and the hugely profitable, powerful and influential commercial interests to a large extent responsible.

Learning The Hard Way


These are demanding and almost mind-boggling depths to be understood and assimilated by ordinary communal protest or campaigns. But there is a clear lesson here for this or any other public campaign on virtually any issue of public services, in any part of the country. However well organised, any public initiative almost inevitably tackles the effects rather than the causes of any given problem, especially if this involves the public purse. In other words ordinary members of the public will continue to miss the point and so continue to miss the boat. This is partly due to lack of information and partly due to lack of time and proper application. Time after time one therefore comes up against a rubber wall, a fog, of obfuscation between electorates and those they elect to represent their interests. These interests are rarely one and the same for both factions. Until the public are prepared and able to take on the political establishment and the Whitehall infrastructure on the correct ground, of their own choosing, little is going to change. In order to do this we must first study and understand the fundamental question of Money Power. It is from this that all else ultimately hangs. The provision of adequate health care facilities in Oswestry is a classic example of this requirement.

THE TREASURY AND BANKERISM - THE POWER OF MONEY

The Roots, Theory, Origins And Mechanisms Of Power

A naive schoolboy image is that all money in existence adds up to an exact mathematical sum. The reality, of course, is far removed. History tells us that genuine wealth, we assume gold, was deposited for safe-keeping with a banker as we now accept the term. By gambling that the original sum would not be called in the banker was then able to make a profit by lending at interest ten times the amount of the original deposit. The ten multiples which provided the income clearly had no substance whatsoever. Today this is known as Fractional Reserve Banking, originally controlled by an official multiple, for understanding commonly visualised as ten, against gold as a standard. Historically, governments were frequ-ently short of hard cash - gold and silver - required, for example, to finance wars. But with the Tonnage Act 1694, the privately owned Bank of England was created. The Bank organised loans to the Government. In return interest-bearing Government Bonds were issued and sold through the Bank. Thus the original sum was automatically doubled. This came to constitute the National Debt, upon which bond holders have been paid int-erest from the public purse, through taxation, ever since.

Privately owned or nationalised, the same City of London hierarchy populate the Court of Directors of the Bank of England, thus control remains effectively with the City of London. In 1967 Professor Carroll Quigley, himself an "insider", showed in a massive 1,348-page tome, how Montagu Norman, as Chair-man of the Bank of England from 1920-1944, worked with his opposite number, Benjamin Strong of the Federal Reserve Bank of New York, to establish the financial and political hegemony of an International Elite(6).
The essence of "money" and the debt-usury system of its "crea-tion", ultimately in the hands of this Elite, is that generally speaking debt repayment can never catch up on itself, to the advantage of the banks; as we have expressed it, debt "chases its own tail". We therefore have a treadmill of over-production and "Growth" to satisfy this requirement. In 1971 United States President Richard Nixon de-linked the dollar from gold, effectively removing the relationship between money and value. We must add to this the virtual deregulation of money creation, such that money can be created and traded globally and instantaneously by computer as a commodity in its own right. This has no relevance to genuine tangibly manufactured or cultivated wealth, or property.

The flow of money can be directed and controlled much in the fashion of an electrical power grid. Global economies are geared to this highly complex system right down to government expenditure, the smallest businesses, and individual mortgages and pensions. Consequently we have an endless cycle of debt "restructuring" and "re-financing" on the part of exploited Latin American and Third World countries, as well as multinational corporations such as General Motors and Rupert Murdoch's News Corporation. There is no such condi-tion as perpetual motion. Thus when this unstable structure begins to un-ravel, the repercussions are felt down to the lowest levels. We have seen this in the case of Enron, Tyco and World-Com in the United States, and Equitable Life Assurance, Standard Life Assurance and Abbey-National in the United Kingdom. In The Grip of Death - A study of modern money, debt slavery and destructive economics(7) and Goodbye America! Globalisation, debt and the dollar empire(8), Michael Rowbotham has analysed this situation in detail, with a powerful argument for governments to create their own money sufficiently to finance public commitments. In When Corporations Rule the World David C. Korten has explored the extent and serious dangers for the current global economy under the progressive consolidation of corporate power(9).


In terms of health care, as in education, the safe, soft target is that broad, amorphous band of the Middle Classes. This is the battleground between private and state health care, between independent education - basically the grammar not the public schools - and state education, with no social or economic definition whatsoever. If we study the Times "List of the 500 Most Powerful People in Britain", the "Pay List of Britain's Top 500 Earners", and the "Rich List", we are given a glimpse of a band of social and financial privilege that exists securely, as it were, on another "planet". Here we find the Monarchy, the Aristocracy and the City of London mingled with big business, property, the entertainment industry, the media and sport. The upper reaches of the Middle Class in the grey area between the two tends to merge for the most part; economically and socially; for example, the wealthier Middle Classes are able to remain independent of state health care and education, but there the privileged super rich divide from ordinary mortals like the waters of the Red Sea. We enter a world of top public school education, household staff, exclusive health care anywhere of the choosing, private aircraft, multiple homes; all protected by wealth safely squirrelled away in trusts and off-shore investments. Kevin Cahill takes us a step further behind the socio-economic smoke-screen in his remarkable book Who Owns Britain(10). He lists in detail a landed aristocracy linked to the Monarchy that has maintained control of the wealth of the Nation for centuries above and beyond political reach, its land registered holdings largely unrecorded since the 1870s. Confirming our own analyses of specific cases from time to time, this comprises a vast network of interrelations based principally on Eton College, the Household Cavalry, the Brigade of Guards, the City of London and Freemasonry. Cahill writes:

This seamless web of control of the country's finances through the city by the same families who dominated the upper house of Parliament and who were the abiding influence within the Conservative Party gave landowners such an intimate and enduring link to, and grip on, power. It was power which made their ancestors rich, as the Sunday Times Richest of the Rich lists in 2000 showed, and it is power which has kept them rich right into the first year of the new millennium.


Cahill comments favourably on the Republic of Ireland where the aristocracy was dissolved and land redistributed to great economic benefit; not least the absence of any community charge for householders due to the incorporation of control of the land in the national economic model. In fairness he does not extend this self-flagellation by comparison with the power structures elsewhere, as in France, Germany or North America. The important point here is the extent to which the political line for those not already part of the network is "If you can't beat them, join them". Connec-tions between the Conservative Party in particular with the City of London are well known and axiomatically place constraints on any change in the current policy for the debt-usury creation of money. On the 15th Septem-ber, 1993, The Sunday Telegraph listed several former Cabinet Ministers with strong links to the City, where they had gone on to lucrative appoint-ments. If we return to the question of providing proper hospital facilities for Oswestry, we find Owen Paterson as the M.P. for North Shropshire sitting in the company of fellow Conservatives who currently have strong links to the City. Paterson is also married to the daughter of the 4th Vis-count Ridley, brother of former Cabinet Minister, the late Lord Nicholas Ridley. This places Paterson firmly in the same bracket. It is therefore difficult, as we shall see, to understand how he can square the circle of his personal affiliations with a campaign for proper health care facilities for Oswestry, and pressure for the Government to create the funding as the obvious resolution of the problem.

The Global Economic Model Is Beginning To Crack Up

For several years expert observers like the late Aida Parker in her APN newsletter, and Donald S. McAlvany in The McAlvany Intelligence Adviser, have been predicting a global - and therefore a national - econo-mic collapse. An unregulated debt-usury system of money creation to generate a return on investment cannot go on for ever. Markets stall and become saturated as over-production chases the debt repayment. We have written that there is no such thing as Perpetual Motion. We have likened the flow of money to an electric power grid. Everything is geared to this economic scenario; from Government finance, to property investments, pension funds and mortgage debts. When interest returns falter or the pressure flow in our "grid" begins to fall the entire structure starts to unravel and brings everything else down with it. Meanwhile the super rich remain largely insulated from the collapse, the banks manipulate the money regulators and continue to cream off vast paper profits. But the individual, trapped by the domestic fiscal model is squeezed to service growing debt.

David Willetts, M.P., is a Conservative Party economics spokes-man. In November, 1993, shortly after the closure of the Oswestry & District Hospital, Willetts was reported in The Independent on Sunday as stating that pensioners should liquidate their assets to finance a retirement income rather than leave an inheritance for their children. Those familiar with the Communist Manifesto will know that the aim was the destruction of the Bourgeoisie - the Middle Classes - and that targets of Karl Marx and Frederick Engels included destabilisation of the family and the elimination of inheritance and private property. We also know that Marx and Marx-ism-Leninism have historically served the interests of the bankers by weakening potential resistance from these same Middle Classes. This is no idle diversion here, when one relates this to punitive taxation rates and an inherit-ance threshold that has remained remarkably low. On the 23rd Nov-ember, the Deputy Editor of On Target wrote to Mr Willetts as follows:


* May I refer to a report in The Independent on Sunday of 22nd November, that you advocated that "Pensioners should be encouraged to sell their assets or re-finance their homes to provide an income for their retirement rather than an inheritance for their children."

This is, of course, well in line with the Marxist philosophy for the liquidation of private property and inheritance. I must add, too, that, as one who served for forty years without thought or facility for enhancing my financial position with the equivalent of indulgent political gratuities, such as consult-ancies, directorships, literary fees and the like, I find the views attributed to you more than a little disturbing.

So far as the overall economic situation is concerned, you will no doubt be aware that governments historically have been committed to the creation of money by private banks as interest-bearing debt - usury - that is at the heart of the national and international financial condition. Proposals, by the Campaign for Monetary Reform [C.M.R.] and other bodies, that this condition, the lot of ordin-ary people, would be alleviated by government created low-interest money, have repeatedly been evaded of ignored, not least by the present Government.

I also note that Who's Who lists you as a director of Electra Corporate Ventures Ltd., since 1988. According to my company records the Electra group-ing links you neatly in turn to City of London financial circles. It is to these markets that the unfortunate mortgagee, compelled to re-finance house and home, would be pledged, as has only been too apparent from numerous case histories. The final irony in this respect, is that Who's Who also places you as a director of Retirement Securities Ltd., also since 1988; an allegiance I find incredible in the context of the remarks attributed to you.

On 23rd December, 1993, David Willetts replied that he had been misquoted and that he had said nothing about "compelling pensioners to convert their assets to income". He also pointed out that his remarks had been distorted by journalists present at the time by implying that pensioners should "somehow . . . be forced to dispose of their inter assets or that social security rules should be changed". The paragraphs explaining what he actually said are as follows:

* Speaking at a conference in November, I pointed out that there were elderly people who were asset rich but income poor. It was a great pity that the City [of London] had failed to devise schemes which would enable elderly people who had failed to devise schemes which would enable elderly people who wanted to convert that asset into an income. Home income plans are supposed to do this but they have had a very unhappy history. I called on the City to devise better schemes in future.


The second point I made was that politicians should not talk cavalierly of an inheritance revolution with many middle aged children suddenly inheriting large assets from their elderly parents. I argued that it was reasonable for elderly people who had accumulated savings during their lifetimes to use them in their frail years to boost their incomes or to buy extra services. It was wrong of us, as their children, to demand of them that they preserve those savings intact for us, when they might need to use them for themselves.

Mr Willetts' response, in our view, was an exercise in semantics. He had not answered the matter of his own involvement with a City of London that axiomatically would profit from schemes to liquidise assets to provide an income. When he was challenged again the reply was predictably "dusty", with a statement that his article clarifying what he had actually said had been rejected by the newspaper.

We must remember that we are exploring the conventional econ-omic philosophy behind the closure of the Oswestry & District Hospital in 1990, which continues to prevent the restoration of this facility. It is therefore opportune to consider an exchange that began earlier in 2003, prior to our correspondence with David Willetts, when Martine Harmon, of the Campaign for Monetary Reform (C.M.R.), addressed the Conserva-tive Prime Minister, The Rt. Hon. John Major, M.P., 25th January, 1993.

* Whilst the Government's declared economic objectives include "keeping control of inflation and public spending" the following option appears to have been overlooked.

Government spending regularly outstrips its revenues and the deficiency is covered by the Public Sector Borrowing Requirement, the P.S.B.R. This adds up to a Public Sector Debt of £190,209,000,000 as at 31st March, 1991. Source: Bank of England Quarterly Bulletin, November, 1992.

The amount of interest payable on the Central Government Debt alone is £17,820,000,000 for 1991-92. This amount exceeds the combined amounts allocated to Housing @ £7,729,000,000 and to Education @ £ £6,342,000,000. Source: the Financial Times, 13th November, 1992.

The Government does not finance its expenditure by printing money itself but licences banks to create credit, that is, to "print money" which the Gov-ernment then borrows and has to pay interest on. This is the nub of the matter.

The option is for the banks to be credit brokers, rather than credit creators. Her Majesty's Government could then itself print any necessary incr-ease in money supply thereby retaining to itself the seigniorage and be free from paying interest charges.

We look forward to receiving your comments. We are also circulating this letter as widely as possible in order to encourage discussion and to seek active support.

The Economic Secretary to the Treasury, Anthony Nelson, M.P., replied on behalf of John Major as follows on 22nd February, 1993:

* Thank you for your letter of 25th January to the Prime Minister, who has asked me to respond on his behalf.

The Government can and does finance itself to a small extent by the issue of non-interest bearing money: this is the aggregate known as MO, the stock of which is currently some £19,500,000,000. The size of the stock of MO is limited by the demand for this form of money.

If the Government tried to increase the amount of this type of finance beyond current demand for it, it would lose any control of interest rates in the economy, sterling would collapse, and inflation would take off.

The money that banks create is either interest-bearing or renders some sort of service that costs banks money to provide.

Martine Harmon wrote again on 15th March, 1993, addressing her letter to the Prime Minister, with copies to Treasury Secretary Nelson and to the Chancellor of the Exchequer, Norman Lamont:

* Paragraph 2. C.M.R. understands and agrees with your statement that "The Government can and does finance itself to a small extent by the issue of non interest bearing money". This is precisely our point. The Government could fin-ance far more of its expenditure by issuing the media of exchange needed. The Bank of England Quarterly, February, 1993, reports MO to be £17,032, 000,000 and M4 £518,047,000,000. Both refer to quarter 4 of 1992 and reveal the difference between Government issued media of exchange - MO - and the total issue of media of exchange at some £500,000,000,000, a sum of money over 25 times that of MO As to your last sentence; C.M.R. has not suggested otherwise.

Paragraph 3. C.M.R. has not suggested what you state. C.M.R.'s option allows the Government not to confine itself to providing MO By so confining itself it allows others to provide media of exchange bearing interest rates. The replacement of the bank's media of exchange by the Government's could be gradually brought about by the raising of the bank's cash reserves to unity. As the Government does not directly control M4, interest rates are manipulated to directly control it. This, economic theory makes clear is a misuse of interest rate which is properly an index of time preference. Under C.M.R.'s option control would be direct and interest rates could perform their proper functions.

Paragraph 4. We agree. Under C.M.R.'s option the Government itself creates non interest bearing money, the creation costs of which would be trivial, as indeed it is for the banks.

Note


Money Supply Definitions applicable to the foregoing correspondence:

MO: Symbol for the amount of money in circulation in notes and coin, plus the banks' till money and the banks' balances at the Bank of England.
M1: The amount of money in circulation in notes, coin, current accounts, and the deposit accounts transferable by cheque.
M2: The amount of money in circulation in notes and coin plus non-interest-bearing bank deposits, building society deposits and National Savings accounts.

M3: the amount of money in circulation given by M1 plus all private sector bank deposits and certificates of deposit.
M3c: The amount of money in circulation given by M3 plus foreign currency bank deposits.
M4: The amount of money in circulation given by M1 plus most private-sector bank deposits and holdings of money-market instruments.
M5: The amount of money in circulation given by M4 plus building society deposits.

What we have been witnessing in all these exchanges is the standard government line on economic policy. In other words it is the standard Treasury lie. No Government is prepared to discuss the principle of even a modest relaxation of the practice of borrowing its own money at vast expense to the ordinary taxpayer who cannot escape from this fiscal oppression with trusts, holding companies, off-shore investments and clever accountants as can the super rich. The proportion of that Govern-ment money to which Anthony Nelson refers as MO, the hard cash, has fallen from about 50 per cent in 1950, to around 20 per cent in the 1960s to 3-4 per cent today. In effect, as MO, the hard cash, has been superseded by cheque book finance and the credit card, so the banking system has assumed almost complete control. The background to this was well described by Robin Ramsay in Prawn Cocktail Party(11) from which we have taken the following compendium:

This book is about the rise to power in this society of the financial sector, the City, with help from their friends over-seas, and its struggles en route with Labour and Conservative Governments. At one level it is relatively simple: one section of society, chiefly concerned with moving money, has cheated the other sections. It has been one of the greatest "scams" ever pul-led. . . . It [the book] investigates how the Labour Party has been taken over by a Thatcherite clique - and why its policies are dictated by the City, big-business and U.S. power-brokers in Washington.

What They Do Not Want You To Know
Interest-Free and Low Interest Government Money Can Be Created

On Monday, 4th October, 1993, an article by Walter Stewart app-eared in The Toronto Sun under the heading "No-interest loans may save us". It could well have been titled "What they do not want you to know"! It has always been known that money can be created interest-free or at nominal interest in time of war - so why not for hospitals, education and the police in time of peace? The British Government issued the Bradbury treasury note during the 1914-18 War. Walter Stewart writes that this was done in Canada during the 1939-45 War. Here are the relevant extracts:

* Waterloo - At risk of introducing a new idea during an election cam-paign, two professors at the University of Waterloo want to revive the Canadian economy by using a scheme that has worked on Guernsey. The island, not the cow. The professors are Jack Kersell, who teaches political science, and Robert Needham, an economist and director of the Canadian Studies Programme at Waterloo. Their idea is that the government should direct the Bank of Canada to issue credit at low or no interest for building capital projects - roads, schools, hospitals, bridges, railways, airports. Actually, this is what the Bank of Canada did during World War II, with great success and - despite the wisdom of conventional economics - without causing undue inflation. In addition, various levels of government could borrow this newly created money to retire high-interest loans. At a theoretical level, the proposal has some impressive academic backers, including William Henry Pope, co-author of the classic Canadian text Econo-mics, used in every university in the country, John Hotson of Toronto, founder of C.O.M.E.R., the Committee on Monetary and Economic Reform, and econo-mist Allan Schmid of Michigan State. There is even a lobby group called "Sovereignty", which has headquarters in Freeport, Illinois, and which has drawn up a piece of legislation "To create U.S. government credit funds and direct the U.S. Treasury to issue such funds as interest-free loans to state and local govern-ments".

The theory has been put into practice on the isle of Guernsey since 1816 with, apparently, overwhelming success. In 1816, Guernsey was in one hell of a mess. The sea walls were crumbling, there was no market-place, roads were muddy and horrible, and the local government was £19,000 in debt. Revenue came to about £3,000 annually, £2,400 of which went to pay interest on the debt. . . . They created and lent to the government £6,000 of interest-free money, and used it to fix up the sea walls. This worked so well that they went on doing it - and are still doing it - to create an economy with zero unemployment, a high standard of living, low taxes and low inflation. . . . Canada has long since lost control of its own economic destiny. We traded it to the U.S. for hamburgers and to the Japanese for VCRs long ago. Just the same, the idea of looking at debt, and the way debt is created, is a worthwhile one, if only because it will drive our bankers crazy. (Emphasis added). The way it works today, almost all of our money supply is created by the banks as interest-bearing debt, with them on the receiving end. We can't solve the deficit crisis thus created by slashing expen-ditures or raising taxes, because these measures bring the economy crashing to a halt.


A much more recent and significant article was a breakthrough to the truth by David Boyle in the New Statesman of 7th April, 2003. Under the heading "The strange rebirth of a forgotten idea", the byline was much more telling: "Why is the country so short of money that we can't even rebuild the London tube? Because we allow the banks a monopoly to create it, and they charge the earth". In his article Boyle cites the Forum for Stable Currencies, which meets each month in the House of Lords. He also makes reference to the Bromsgrove Group, for Monetary and Econ-omic Reform, which assembles for three days in the Autumn of each year to study and discuss financial and economic questions. A co-founder is James Gibb Stuart, a veteran businessman, publisher, speaker and author of several books on economics. The views of the Group are reflected in the monthly newsletter, Sovereignty, which is compiled and published by Alistair D. McConnachie(12). A further major breakthrough occurred, this time directly through the "rubber wall"of Westminster, when Early Day Motion (EDM) 854 was tabled in the House of Commons in March, 2003, sponsored by a number of Labour Party M.Ps., along with two M.Ps. from Plaid Cymru M.Ps. This was superseded by EDM 323 in December, 2003 with much the same text and sponsorship. The purpose of an Early Day Motion is outlined in Dod's Parliamentary Companion(13):

* In the Commons, the majority of Motions tabled by backbenchers are put down "for an early day". This is because the M.P. tabling the Motion realises that there is very unlikely to be any actual day when the Motion will be debated. In any case, he or she may not wish this to happen. A number of early day mo-tions (known as EDMs) are nevertheless tabled in each sitting day. By this means, M.Ps. are able to express their views on particular issues with the protec-tion of parliamentary privilege. They can also gauge the popularity of their views in the House by the number of signatures of other M.Ps. which the Motion attracts.

The text of EDM 323 is as follows:

* That this House notes with concern the contrast between the enormous expansion of private credit and the growing debt burden that this imposes on society; further notes that public credit, as measured by the proportion of publicly created money in circulation, has fallen from 20 per cent of the money supply in 1964 to three per cent today; believes that using public credit and increasing the proportion of publicly created money should be used to cut the costs of, and to boost the quantity of, public investment and to allow the Chancellor to fulfil his golden rule without further borrowing; further believes that this can be done without any impact on inflation; and, therefore, urges the Treasury to commission an independent review of the benefits of using the public credit and increasing the proportion of publicly created money.

To our knowledge both EDM 854 and EDM 323 have been ignored by M.Ps of other parties; conspicuously those of the Conservative party. One wonders why? One wonders, too, why Owen Paterson has shown no interest in even discussing the principle of Government-created money if he is so dedicated to restore proper health care to Oswestry?


MONEY MELTDOWN, AND MYTHOLOGY FOR THE PEOPLE

So Much For Pensions And Public Services In A Piratical Market


Bank created money swishing around the world as a commodity, at the touch of a button, is an economic obscenity. Global investment, as financial institutions migrate in search of profits, forces businesses at all levels to salami slice operations to remain competitively and attractively profitable. No one organisation can be big or competent enough to restrain this suicidally centrifugal process in a system of innumerable interrelated and interdependent variables. Only Prime Minister Dr Mahathir Moha-med, in Malaysia, had the strength of character to expose and challenge the power behind this plunder. Manufacture continues to leach away into Central and Southern America and the Developing and Third Worlds, which are being concurrently economically exploited. Many "British" goods are being produced elsewhere. Banking and other services are out-sourcing operations abroad. As debt continues to chase its tail public services and property are being privatised - pawned - to raise capital that can only remain transitory in the debt spiral. Public property is being lea-sed back to stall the day of reckoning. Nationalised industries theoretically operate more efficiently divested of political constraints - effectively, bureaucracy and trades unions. The downside in the current scenario is massive banking profits from the conversion and the continuum of salami slicing standards to furnish bank and investor friendly profits.


The privatised railway system has already been reduced to a state of near collapse, almost to the point of justifying the criminal indictment of those in Westminster and Whitehall responsible. Instead, banks profit hugely by convenient leasing arrangements with the operating companies ("Banks on the gravy train", the Daily Mail, 5th February, 2004). But when the system inevitably founders the loop is closed by Government subsidy - in other words, the people pay directly or indirectly with money borrowed at interest from the banks! We are now seeing the Private Finance Initia-tive (PFI), a so-called partnership between the Government and business in education and health care. Missing from the equation of what Max Pemberton, writing in The Daily Telegraph, calls "the brainchild of brain-less governments" is that over and above the basic operation, contractors must cream off profits. To this end individual operations are being sub-contracted in a morass of functional confusion. The evidence is seen in headlines such as "NHS hospitals 'set for £bn debt crisis'" in The Sunday Telegraph, and "NHS hospitals sink into debt to pay off PFI" in The Observer. Functional chaos apart, wards are being closed to sustain pro-fits. So where are Owen Paterson and his parliamentary colleagues in demanding that the Government create the money, as recommended by EDM 323, that would go a long way to resolving this crisis?

In the correspondence to which we have already referred, David Willetts was at best being disingenuous in referring to those who are "asset rich but income poor" and politicians talking "cavalierly of an inheritance revolution". Where were the supporting financial statistics, or evidence of the spread across what could only be the broad band of the so-called Middle Classes, trapped in the domestic, as opposed to the offshore econ-omy? Was he also being disingenuously prescient? Even to hint at the need to liquidate assets was to infer symptoms of progressive economic decline, or even meltdown. Did Willetts know something we did not know in his moment of denial when one reads in The Independent on Sunday on 15th February, 2004, of another attack on inheritance; that "OAPs 'should pass tax bills on to heirs" Lord Rees-Mogg wrote in The Times of 1st December, 2003, that the age of the dollar, to which other world economies are geared, "is sinking in a sea of debt". As thousands lose pension investments to the corporate sector we learn that the HSBC Bank announces profits of £7,800,000,000 with £37,000,000 shared bet-ween directors (The Daily Telegraph, 2nd March, 2004).

The centrifugal "bricks without straw" global economy has been gradually coming apart at the seams. The complex network of investments geared to it is unravelling in turn, dragging down with it a wide range of personal investments such as life assurance, mortgages, pensions and pension funds. Michael Rowbotham pointed out the exponential rise in mortgage costs; another symptom along the way. Not just one bread-winner, but then a secondary income that has not only become desirable, but is now essential to service the mortgage interest(14). The Government's drive for pensioners to work on beyond retirement age in a surplus labour market is yet another symptom that the sums are not adding up. The carrion of the financial services market are assiduously importuning those who are now finding liquidation of assets a pressing necessity. Television advertisements that offer debt "restructuring" services importune ordinary people who have been lured or driven into debt. Chancellor of the Exche-quer Gordon Brown has deliberately passed on the national "overdraft" to the electorate through manipulation of regional government funding. In a letter to the Financial Times of 13th March, 2004, we learn that the screw is turning even tighter; in a collapsing equity market, insurance companies are turning to Government bonds, the interest on which is drawn from taxation. The following two letters were published in the Shropshire Star on the 12th February, 2004

* "Where has our cash gone to?" - Questions to be ans-wered. Why were our services allowed to deteriorate while governments did nothing? We have paid taxes for the health service over years and it was allowed to decay. We have minis-ters and secretaries paid hundreds of millions for incompetence. Blair says if you want better health services you will have to pay for them. What does he think we have been doing? The Tories came up with the wonderful idea of care in the community. Who was going to provide care? Institutions closed and those needing care were kicked out to fend for themselves. Some could not and ended up in prisons, while others killed innocent members of the public. What a brilliant idea! A policy poorly thought out by those who do not know.

* "Enough is enough as pensions are getting cut" - I am a senior citizen, old age pensioner, recycled teenager, call me what you will. As such I have served my country in the armed forces for nigh on 30 years and have paid my taxes throughout my working life. . . . With my two pensions I am just above the level to be able to benefit from the pensioner's tax credit and therefore cannot get Council Tax rebate, Income Support, or any other benefit of which I know. Unfortunately my income is directly related to the rate of inflation as of September as laid down by the Government. Unlike members of parliament and local government councillors, I cannot vote myself an above-inflation increase in my pension and therefore every time there is an increase in council tax (which every year is way above inflation), I take a reduction in my standard of living. If workers in any industry were told year on year that they were to take a reduction in their take-home pay there would be riots that would make the Poll Tax revolts look like a quiet Sunday picnic. I fully support any action taken by people in similar situations to mine and hope that we, the older generation, can somehow do something to show the Government, both national and local, that enough is enough.


Readers' correspondence in the Shropshire Star is no doubt typical of similar letters in the provincial press around the country, or views expressed on local radio programmes. The writers are obviously ordinary people; not those who can outflank the health care system with private patient schemes, and certainly not the super-rich who can travel anywhere for the best treatment. If they are lucky enough to have a National Health Service dentist, they are probably those who have teeth extracted because they cannot afford to have them crowned. They are the people who will have to travel miles and wait long hours for hospital treatment, who populate long hospital waiting lists. Dare we ask how those high in the social spectrum cope with these problems? Dare we ask our politicians, who refuse to contemplate the right of seigniorage, that the Government should create its own low-interest money that would resolve these deficiencies in health care, how they and their families cope with these problems?

The Political Gridlock On Government Created Low Interest Money

The July issue of Prosperity enclosed a pre-printed postcard which embodied a request for one's Member of Parliament to support Early Day motion 854. A card was duly despatched to Owen Paterson, the Member for North Shropshire, who forwarded it to the Treasury for an answer. This was the reply from Treasury Minister, Ruth Kelly, M.P., on the 23rd September, 2003:

* We opposed the Motion [note: not ignored but positively opposed] because it advocated increasing the supply of non-interest bearing money as a cheap means [for whom?] of financing public investment. Under the current arrangements the Government would have to borrow that money from the Bank of England, so it would not be a cheap means of finance. Furthermore, past experience has shown that printing money to fund public expenditure is inflationary.

We wrote again on the 10th December, 2003, addressing the letter to Owen Paterson, with the following observations. In our letter specific reference was made to health care which, by this time, was well known to Paterson in the context of the Oswestry & District Hospital:

* Ruth Kelly makes two points:

The Government would have to "borrow" money under "current arran-gements".

That "printing money" to fund public expenditure would be "infla-tionary"

Ruth Kelly's reply does not indicate that the current arrangements are based on any Law. Secondly, these arrangements c1950 meant that 50 per cent of the Nation's money was created by the Government and 50 per cent by the private banking system for private investment. Under current arrangements the ratio is about 4 per cent to 96 per cent. Thus the issue of creation - Ruth Kelly invoked the term "printing" - of moderate amounts by the Government, for example to provide adequate hospital facilities, would arguably not be inflationary. This should surely be seen in the overall context relative to the almost unlimited amount of "money" printed by the private financial sector which is, inter alia, allowing the nation and the individual to spend seriously ahead of true wealth into debt. Much the same position on the issue of Government money to fund public services was taken by former Labour M.P., Bryan Gould, a member of the Shadow Cabinet and Opposition Spokesman on trade, the economy and industry from 1986 to 1992.

Paterson did not seek to take issue over the creation of Government money in the context of health care, but forwarded the letter to Ruth Kelly, from whom we received the following reply, dated 15th January, 2004:

* The response laid out in my previous letter remains the same. The Motion advocated increasing the supply of non-interest bearing money as a cheap means [Then what is an "expensive" means?] of financing public investment. Under the current arrangements the Government would have to borrow that money from the Bank of England, so it would not be a cheap means of finance. Besides, past experience has shown that printing money to fund public expenditure is inflationary. We do not wish to repeat the mistakes of our predecessors. (Emphasis added)

I do not have anything further that I can usefully add to my previous letters [Only one other letter sent!] on this matter

We wrote once again on the 26th January, 2004, this time taking the issue directly to Owen Paterson, regretting the impasse, the "rubber wall", that appeared to exist between Members of Parliament and their con-stituents, however well-informed the latter on specific matters of concern. We drew his attention to the paradox of his purported campaign for the restoration of proper health care facilities in Oswestry and failure to recognise that Government created money could resolve the problem. In addition we offered a detailed exposition on the mechanisms of money creation. Again, Paterson chose not to take issue, except to state that the Government had made its position clear and that nothing was to be gained in going back to them. He enclosed a copy of his much earlier letter, that had apparently followed the protest meeting in September, 2003, but this added nothing to the restoration of a District Hospital, or any lesser facilities.

THE YAWNING PUBLIC CREDIBILITY GAP

In the 1930s certain members of the Upper Classes, such as the Marquis of Tavistock and the Earl of Tankerville, recognised the appalling disparity of wealth in society, largely as a consequence of "Bankerism", and wrote about it. Others, however misguidedly, turned to Communism. In 1998 Michael Rowbotham wrote (Emphasis added)(15):


The Building is already there, the equipment is in place, the people who are employed there can be good at their jobs, providing a much valued service to local residents. Then along comes a "Grey Suit" who tells us that the hospital, college, library, post office, coastguard station, research laboratory, swi-mming pool or whatever has to be closed for lack of money. But in what possible sense can we not afford what we already have, and what is already there? A town can be in desperate need of a school, community centre, or repairs to its roads and drains. The raw materials may be lying idle in a builder's yard, people may be desperate for work, but there isn't enough money . . . so we can't do it. In what possible sense can we not afford to do what we plainly can, in physical terms, achieve?

We may read again the letter on pages 3(235)-4(236). Not only does Oswestry, as a large market town, with a catchment population of 37,318, lack proper hospital facilities, in a situation common across the country the Police Station is unmanned during silent hours, and several village schools in the district are under threat. The Treasury responses from Conservative Minister Anthony Nelson, in 1993, and from New Labour Minister Ruth Kelly in 2003-2004, relay a constant theme; no Government has the slightest intention of issuing its own low-interest money into the economy to alleviate these situations, as it has the legal right to do. Nel-son, a Rothschild scholar at Cambridge, was employed by N.M. Rothschild from 1969 to 1973, and later went on to become Vice-Chairman of Schroder Salomon Smith Barney.
Ruth Kelly was educated at Oxford and the London School of Economics and Political Science. Along with her fellow New Labour Ministers, at the age of 36 there is no evidence that she has ever managed an organisation of any consequence in her life. The bot-tom line here is that the City of London, closely linked to Government circles, is in almost complete control of the Nation's finances. The City, in effect, enjoys a "commission" on all but the 3-4 per cent of the money required to run the Country. Virtually all our investments from pensions to insurance, to church funds are geared to this economic model, which in turn is harnessed to the Global Economy. Oswestry has been without a District Hospital for almost 14 years with no immediate prospect of a repl-acement. This spans several Governments of both Parties; not a cosmetic target for relief from budgetary gymnastics. Owen Paterson cannot run with the hare and hunt with the hounds. Otherwise his campaign is a charade, a betrayal of the electorate, and he is merely tossing snowballs into the fire for effect. Until the people countrywide face such situations square on, on the correct terms, the situation is not going to change.

BOOK REVIEW
By "Kitz"
Web of Deceit - Britain's Real Role in the World, by Mark Curtis, with a Foreword by John Pilger. Vintage, 2003. 512pp. Retail price £7.99.

This book is a savage indictment of British foreign policy since World War II. Curtis labels Britain an outlaw state, totalitarian in its for-eign policy, enshrining a single ideology fashioned by a domestic elite, ranging from Prime Minister, across senior branches of the Civil Service, into acadaemia with the willing assistance and approval of captains of British industry and finance.

Curtis, according to Pilger in his foreword to this book has reached such conclusions after mining the documentation available to all. Yet the question still remains how successive governments, Conservative and Labour, have managed to get away with a globally damaging and deceitful foreign policy whilst portraying Britain as a country whose foreign policy is based upon high moral principles and the rule of law. Curtis explains the success of such deceit by citing the importance of the domestic elite's control of the media in which, for example, much that is undesirable can be conveniently dropped down the "memory hole". Alongside this, Curtis is particularly scathing of the way the domestic elite manages and mas-sages news and information for public consumption. Indeed, Curtis goes further and questions the Establishment's view of the public's right to know and in doing so quotes an off-the-record briefing by Margaret That-cher's Press Spokesman, Bernard Ingham - "Bugger the public's right to know, the game is the security of the state - not the public's right to know." One wonders however, in spite of Curtis's optimism about public reactions if it were to know the facts of British foreign policy, whether the miserable plight of the Afghan people (Curtis's "unpeople"), would be regarded as important as, say, the lucrative arms contracts between Britain and Saudi Arabia.

Blair, and New Labour, for which Curtis appears to have nothing short of loathing, since he argues here is a "socialist" administration deep-ening and broadening the nature of the outlawry of the British state. Curtis has particular contempt for Blair himself for his all-too-obvious unswerv-ing and continuing adherence to America, the number one outlaw state. He also decries the policies of both states, resulting in the increasingly global impoverishment of the "Southern" regions of the world including Africa, parts of South East Asia, much of the Middle East and America's back yard - the Caribbean. Almost as an aside, Curtis also points out another consequence of his policies, since they have baleful effects for our own citizens in widening the gap between the rich, often very rich and the poor.


As one would expect since Curtis has mined post-war documenta-tion so extensively he supplies numerous accounts of areas where British foreign policy has often had some of its worst effects. In her role as an imperial power he cites the repressive colonial policies in Kenya and Malaya. In Kenya, for example, it was never disclosed that the chief causes of the Mau-Mau rebellion were socio-economic whereby the native Kenyans were economically exploited by domiciled British farmers, who owned nearly all of the productive land - something according to Curtis never disclosed at the time. Similarly, in Malaya the Emergency was conducted in the interest of Britain's dollar earnings from the sales of rubber and tin.

In post-Imperial Britain, Curtis finds himself with a surfeit of examples where British foreign policy is caught up in a web of deceit. In Kosovo, Curtis reveals the gap between the Blair Government's rhetoric on its moral motives and the actual intervention, along with America, and under the umbrella of NATO, whereby aerial bombardment, mostly by British and American aircraft did much to precipitate the ethnic cleansing which Blairite rhetoric deplored. Indeed, it is on the record and quoted by Blair in April, 1999, when he said: "We will, carry on the pounding (ie., the bombing), day after day, until our objectives are secured."

Towards Israel, Curtis argues, Blair appears to have adopted, more of a measured and even-handed approach, along with the combined rhetoric of his then Foreign Secretary, Robin Cook. Such a policy was obviously intended for public consumption, whereas, in fact, and in con-junction with America's Israeli-Middle East policy, Blair has always sided with Israel even to the extent of defying U.N. resolutions. Curtis is quick to point out that we went to war in Iraq partly because of Iraq's refusal to comply with U.N. resolutions!

Without leaving the Middle East, Curtis describes how British foreign policy often ignored the wishes of the people of other countries. In 1953, Britain overthrew the popular government of Musaddeq in Iran, replacing it with an insensitive, dictatorial Shah as ruler who quickly ended representative government, plundering his nation's coffers before his downfall. In actual fact this was hailed as a diplomatic coup for British foreign policy! But perhaps in terms of sheer brutality one can only condemn British support for the unedifying regime of President Suharto in Indonesia, and indeed in the government's 1998 annual report on human rights, there is a photograph of Robin Cook shaking hands with Suharto himself.

It appears however as if Curtis gives, as it were, pride of place to the hapless people of Diego Garcia, islands under British control in the Indian Ocean. In order to meet the needs of the American Department of Defense for a B52 bomber base in the Indian ocean, it was decided to move its people, the Chagossians, to Mauritius. Incidentally, the British Govern-ment paid America £5,000,000 for the privilege. Subsequent attempts by the Chagossians to return to their land has met with lies and legal prevarication and in 1974 a ludicrous joint U.K.-U.S. memorandum even denied that there had ever been a native population on these islands! At present, the Foreign Office continues to spew out its memoranda of deceit.

In the end, can a conclusive judgement of this book be ventured? In his last chapter "The Challenges Ahead", Curtis suggests solutions but it is clear, taking the importance of the arms industry alone to the British economy any of these solutions would take their proponents along a long, tortuous path. There are such things as the National Interest, and most importantly the need to get the British public properly informed, itself an almost insurmountable hurdle.

REFERENCES

Note: Prices are shown where available from Bloomfield Books, and represent only a selection relevant to the theme of this edition of On Target. Books geared to the text are listed numerically. Books temporarily out of stock are annotated*. A wide range of reading may be found in the Stock Price List (S.P.L.), which may be obtained post free on request from the address on the last page. Out of print, or older works, may be obtained through the Book Search Service, or the Second-Hand Book Service, both of which are operated by Mr. T.G. Turner, for which details are available as for the S.P.L.

(1) On Target, Vol. 29, Nos. 14, 15 & 16, 1st, 15th & 29th January, 2000. Government Policies For Industrial Pollution And Acceptance Of The Dangers To Public Health.
(2) Ibid.
(3) Hooper, M., E.P. Marshall & M. Williams. What is ME? What is CFS? - Information for Clinicians and Lawyers. December, 2001. Obtainable from: Professor M. Hooper, Emeritus Professor of Medicinal Chemistry, School Sciences, Fleming Building, Wharncliffe Street, University of Sunderland, Sunderland, SR2 3SD. £3.00 inclusive of postage and packing.
(4) On Target, Vol. 33, Nos 3 & 4, 9th & 23rd August, 2003. Political Correctness (P.C.) - Weapon Of Mass Mental And Social Destruction.
(5) Political Correctness and the Ideological Struggle: From Lenin and Mao to Marcuse and Foucault. Dr Frank Ellis. The Journal of Social, Political and Economic Studies, Vol. 27, No. 4, Winter 2002.

(6) Quigley, Carroll. Tragedy And Hope - A History of the World in Our Time. 1,348pp. Originally published by the Macmillan Company, New York, 1966. Reprinted by G.S.G. Associates, Rancho Palos, Verdes, California, United States, with permission. H/B. £47.95.
(7) Rowbotham, Michael. The Grip of Death - A study of modern money, debt slavery and destructive economics. Jon Carpenter, 1998. £17.95.
(8) Rowbotham, Michael. Goodbye America! Globalisation, debt and the dollar empire. Jon Carpenter, 2000. £13.25.
(9) Korten, David C. When Corporations Rule the World. Kumarian Press and Berrett-Koehler Publisher, Inc., 1995, revised 2001. £16.75*.
(10) Cahill, Kevin. Who Owns Britain - The Hidden Facts Behind Landownership in the U.K. and Ireland. Kannangad Books, 2001.
(11) Ramsay, Robin. Prawn Cocktail Party - The Hidden Power Behind New Labour. VISION Paperbacks, 1998. £11.95.
(12) The subscription for 12 monthly issues of Prosperity is £15.00. Enquiries should be made to 268 Bath Street, Glasgow, G2 4JR; Tel: (0141) 353 6900 or E-mail; <admcc@admcc.freeserve.co.uk>
(13) Dod's Parliamentary Companion 1999. Vacher Dodd Publishing Ltd. Although the reference is taken from the 1999 edition, Dod's is, of course, republished annually.
(14) Rowbotham, Michael. The Grip of Death. Op. cit.
(15) Ibid.

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