Tag Archives: Government

BRADBURY POUND: the historic precedent for public or green credit

The Bradbury Pound is the UK equivalent to the US Greenbacks: ‘government’ or ‘treasury‘ rather than ‘bank‘ money.

On 18 November 2013, Austin Mitchell MP tabled Early Day Motion 748: 100th Anniversary of the Bradbury Pound. MPs can now show their support by signing it. The more signatures, the more likely the media will take an interest. Eventually, it may become a Parliamentary debate.

UK Column published this video with Justin Walker, together with this online petition.

Green Credit for Green Purposes is exactly what is possible with the Bradbury Pound!

To go even deeper into the historic significance and economic relevance, please note:

Altogether I published these articles so far – in chronological order: Continue reading

Green Credit for Green Purposes – a four-year old idea whose time has come?

Green Credit for Green Purposes was a submission to the Treasury Select Committee that formed the basis for this blog in February 2008.

Recently, the Bank of England came up with ‘doing it by QE’, or quantitative easing – as if there was no difference between ‘credit’ that requires ‘interest’ and ‘cash’ that is interest-free.

Besides the fact that nobody issues the interest necessary for all credit, the other aspect is who has the privilege of

  • issuing interest-free Cash: National Governments
  • issuing interest-bearing Credit: virtually all financial institutions
  • and who controls the issuers???

What is particularly sad is the fact that National Governments have let the financial institutions virtually take over the privilege of issuing money as Credit and thus the power of control.

What’s so dishonest about our money explains these arguments on another site.