THE PEOPLE VERSUS THE BANKS
Mervyn King, current governor of the Bank of England
THE BIG LIE
Cameron, Clegg and Co. are now using the Big Lie of an out-of-control ‘National Debt’ to enforce massive cuts in public spending, wages, jobs and benefits – thus forcing the economy into ever-deeper recession and lowering the living standards of all but a tiny few.
This is not surprising, given that, as recent research revealed by the Guardian has shown
"The influence of the City over the Conservatives has been laid bare by new research showing that more than half of the Tory party's donations since the general election have come from individuals and businesses working in finance. Hedge funds, financiers and private equity firms contributed more than a quarter of all the Tories' private donations – which this year poured in at a rate equal to £1m a month – the study by the Bureau of Investigative Journalism has found."
Yet if, as Cameron wants us to believe, public spending needs such careful watching and dramatic cuts to reduce the ‘national debt’, how come the government was able to instantly come up with £1.35 trillion to bail out the banks???
Three more important questions that are never asked:
1. Who is the ‘national debt’ actually a debt TO? Answer: to private international banks.
2. How did the ‘national debt’ come about? Answer: through interest on debt to private banks - and then having to bail out those banks at massive expense when they get themselves into trouble through their own over-lending and 'exposure' to high-risk loans.
3. Why do governments need to keep on borrowing more from the international
banks? Answer: to keep pace with the accumulating interest on existing
debts to those banks.
And now for the most important question of all…
Why do governments need to borrow from private banks in the first place?
Here there are three answers:
1. Because private banks hold a monopoly over the almost the entire money supply of nations.
2. Because this money takes the form of credits issued by private banks - which count as monetary assets on their balance sheets and make up the money supply of nation. That means that if all personal, corporate and government debts to the banks were paid off both the banks and the nation would be bankrupt!
3. Because the so-called ‘Bank of England’, like almost all other nations' central banks – even if they are called ‘national’ banks – have since long surrendered a most basic and sovereign right of our nation. That is the right to issue its own interest-free money and inject it directly into the real bricks-and-mortar economy – instead of funnelling it into private investment banks who put public money into the ‘casino economy’ of the international financial markets.
THE ‘GRIP OF DEATH’
The word ‘mortgage’ comes from French and literally means ‘grip of death’ (mort-gage). It applies not just to housing debt but to all interest-bearing ‘debt’.
Want to know how much we and other nations are in a ‘grip of death’ – the grip of their debt to the international banks?
Want to know how much the people, both in the U.K. and worldwide, are in debt to private international banks – and how much they have to pay to prop them up with bailout benefits?
The figures speak for themselves:
Instead spending for industry and employment, public works, welfare and education can be funded simply by governments by-passing the private banks and issuing their own sovereign, interest-free money directly through a National People’s Bank - as investment in the real economy and not as debt to private banks – which only adds to their inflated assets and those of the international ’casino economy’, euphemistically referred to and deferred to as ‘the financial markets’.
PUBLIC WELFARE FOR PRIVATE BANKS
The last British government bailed out the banks to the tune of over one trillion pounds of our money - roughly £16,000 for every British citizen.
The aim was not to ‘save the economy’ from financial crisis but to protect the banks that created that crisis – the same banks that are now making record profits – and paying out massive bonuses to their directors.
The Government estimate that national debt – to the banks – will hit £1.043 billion this year and £1.2 trillion by 2012. That means the banks will profit from a £43 billion interest bill – for which every household will have to stump up more than £1,800 in tax or cuts in their benefits or real income.
Meanwhile average incomes have already fallen by £1,200 in the last three years.
Did massive government benefits to the banks stop the bankers paying themselves obscene bonuses?
NO.
Did the banks use their welfare benefits to increase lending to businesses, mortgage buyers and industry? NO.
And how does the present government want to reduce the escalating ‘national debt’ that has resulted from massive welfare payments to the BANKS? By cutting benefits and jobs for the PEOPLE. By making the people pay instead of the banks – to pay for both welfare payouts, increasing debt and interest payments TO the banks.
WE SAY NO to all such policies – to paying off domestic and international banking mafias at the expense of impoverishing the people of all natons; to privatising the gains of the bankers and ‘socialising’ their losses – making the people pay and not the banks.
WE SAY:
- End public bailouts and debt-slavery to privately owned banks.
- Centralise the money supply in a new National People’s Bank that can issue its own debt-free money - money that funds the real bricks-and-mortar economy and not the ‘casino’ economy of private investment banks!
Only through the creation of a National People's Banks can any country’s national financial and banking system serve the real economy and its people – instead of both the economy and the people serving and working as slaves for the banks.
There are those who make money from productive and creative work - and those who make money from money alone. Yet is it not clearly unethical that those who EARN most money and effectively OWN most of the country’s money supply PRODUCE NOTHING OF REAL VALUE and DO NOTHING OF REAL VALUE for people – but instead profit and enrich themselves simply by creating fictional money as loans, earning interest from the purely fictional ‘value’ of that money - and then raking in even more money by trading in debt insurance (‘credit default swaps’) on the financial markets.
A NATIONAL PEOPLE'S PARTY FOR A NATIONAL PEOPLE’S BANK!
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes … Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
Napoleon Bonaparte
The National People’s Party in the U.K. affirms the sovereign right of all nations - including our nation - to issue its own interest-free money. We can only do this through the creation of a National People’s Bank – one not dependent on borrowing from private international banks and their global cartels such as the World Bank.
This is not a new idea – it goes back to Napoleon and to Abraham Lincoln. Its importance was recognised by the founding fathers of the U.S. constitution and by several U.S. Presidents such as Lincoln, Garfield and Kennedy - all of whom were assassinated. Abraham Lincoln:
“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed."
What 'unnerved' Lincoln is exactly the dire situation of the majority of the people that the Occupy Wall Street movement and its counterparts all over the world - including the U.K. - are now rebelling against. Similarly however, what Lincoln saw as the alternative to the corrupt money power of the wealthy few is the only true alternative:
"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”
HOW A NATIONAL PEOPLE'S BANK WOULD HELP OUR PEOPLE
1.By having the power to offer interest-free credit to individuals, families and businesses.
2. By having the power to by-pass the private banking system and inject money directly into the real economy – for individuals and families in need, and for businesses, industry, transport, housing, health and education.
3. By reducing the debt and interest burden on companies – allowing them to reduce their prices and instead use their profits to increase both wages and investment – instead of squandering them on debt and interest payments to the banks. The net result will be an increase in demand for their products – with more people able to afford them - instead of upward pressure on prices and downward pressure on domestic sales, exports, wages and investment.
Just think! If a National People’s Bank had handed over £1.3 trillion directly to the people instead of the banks our economy would be booming - and not facing its worst recession since the Great Depression. We would not have bankers raking in billions of pounds in bonuses whilst at the same time millions of people struggle to make ends meet and not end up on the streets; to feed and clothe their families, pay off their mortgages and meet their other debts to private banks. But because the creation of a state-owned National People’s Bank will be a monetary revolution you can be sure that the big global banks and their institutions will fight it with all their power and every every means at their disposal, including all the major political parties, as well as the entire mainstream press and popular media – ‘the opium of the masses’.
Since it will need a national people’s revolution to beat the international banks, the most important question is - are you for it or against it? If you are up for it – then contact and join the National People’s Party right now! And forward this site to all your friends and colleagues.
THE U.K. NATIONAL PEOPLE'S PARTY
The United Kingdom is not itself a nation but a multi-national state. That is why the U.K. National People's Party is properly called 'The National Peoples' Party in the U.K.' It supports the transformation of the 'U.K.' into a genuine federation or commonwealth of devolved or fully independent nations - each free to create their own National People’s Banks. It also supports the creation of National People's Banks in all the countries of Europe, Eurasia and the world - as spelled out by A Monetary Manifesto for the People.
Of all the four 'nations' of the U.K.however, England itself has probably the least remaining sense of its traditional national culture, values and identity. This has not been destroyed by excessive immigration or multi-culturalism. Instead these have only arisen as a last-ditch defence against the global American capitalist culture of corporate greed, debt-fuelled consumerism and celebrity worship represented. Yet in its historic roots England is essentially a Germanic country, borne of migrating Angles and Saxons - into which it only later incorporated a multi-ethnic mixture of invading Roman, Danish, Nordic and Norman elements.
At the heart of the NPP platform is so-called 'Social Nationalism' or 'National Bolshevism' - understood from a new Marxist perspective as 'Monetary Nationalism' - and totally opposed to the racist, fascist, anti-semitic and xenophobic ideologies that defined German 'National Socialism'.
For more information, analyses and links – including many explanatory videos on the nature of money and banking today - go to our main site. To contact the NPP write to: info@thenewsocialism.org
“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
Lord Acton (1834-1902) English historian
“The price of this financial crisis is being borne by people who absolutely did not cause it.”
Mervyn King, current governor of the Bank of England
THE BIG LIE
There is a BIG LIE being promoted by the government, disseminated by all the media – and still swallowed by politicians of all parties.
This is the LIE that the nation faces a financial deficit because we have been ‘living beyond our means’, that past governments have been ‘overspending’ – and therefore that the ‘harsh reality’ is that public spending and services needs to be cut.
In fact, the ONLY reason for our national debt and that of other countries is reliance on borrowing, at interest, from private banks – or massive spending to bail out those banks. The so-called national 'deficit’ did NOT arise from over-spending on public investment and services by the last government. It arose from from bailing out private banks – and doing so at the expense of ever-rising national debt TO the banking system!
So simply ‘fighting’ government cuts and consequent job losses as the unions seek to do, or bemoaning the raising of taxes such as VAT will remain a futile act unless the FALSE REASONS offered for these ‘deficit cutting’ policies are first exposed as the ‘BIG LIE’ that they are – and instead the real reasons for the current national deficit revealed.
During the last financial crisis $14 trillion (almost a quarter of global GDP) was spent to support the international banking system in the UK, US and the Euro-area. Just think what else this money could have been spent on!!!
This is not surprising, given that, as recent research revealed by the Guardian has shown
"The influence of the City over the Conservatives has been laid bare by new research showing that more than half of the Tory party's donations since the general election have come from individuals and businesses working in finance. Hedge funds, financiers and private equity firms contributed more than a quarter of all the Tories' private donations – which this year poured in at a rate equal to £1m a month – the study by the Bureau of Investigative Journalism has found."
Yet if, as Cameron wants us to believe, public spending needs such careful watching and dramatic cuts to reduce the ‘national debt’, how come the government was able to instantly come up with £1.35 trillion to bail out the banks???
Three more important questions that are never asked:
1. Who is the ‘national debt’ actually a debt TO? Answer: to private international banks.
2. How did the ‘national debt’ come about? Answer: through interest on debt to private banks - and then having to bail out those banks at massive expense when they get themselves into trouble through their own over-lending and 'exposure' to high-risk loans.
3. Why do governments need to keep on borrowing more from the international
banks? Answer: to keep pace with the accumulating interest on existing
debts to those banks.
And now for the most important question of all…
Why do governments need to borrow from private banks in the first place?
Here there are three answers:
1. Because private banks hold a monopoly over the almost the entire money supply of nations.
2. Because this money takes the form of credits issued by private banks - which count as monetary assets on their balance sheets and make up the money supply of nation. That means that if all personal, corporate and government debts to the banks were paid off both the banks and the nation would be bankrupt!
3. Because the so-called ‘Bank of England’, like almost all other nations' central banks – even if they are called ‘national’ banks – have since long surrendered a most basic and sovereign right of our nation. That is the right to issue its own interest-free money and inject it directly into the real bricks-and-mortar economy – instead of funnelling it into private investment banks who put public money into the ‘casino economy’ of the international financial markets.
THE ‘GRIP OF DEATH’
The word ‘mortgage’ comes from French and literally means ‘grip of death’ (mort-gage). It applies not just to housing debt but to all interest-bearing ‘debt’.
Want to know how much we and other nations are in a ‘grip of death’ – the grip of their debt to the international banks?
Want to know how much the people, both in the U.K. and worldwide, are in debt to private international banks – and how much they have to pay to prop them up with bailout benefits?
The figures speak for themselves:
U.K. and GLOBAL DEBT SLAVERY – THE FACTS
- Total global money spent by governments to bailout private banks - $18 trillion
- Total U.K. public money spent on bailing out private banks – £1.351 trillion
- Total unadjusted U.K. debt to private banks - £2.252 trillion = 148% of GDP
- Total UK debt excluding financial intervention £940.1 billion = 61.4% of GDP
- Total U.K. corporate debt to private banks – 126% of GDP
- Total U.K. domestic debt to private banks – 106% of GDP
- Total profits predicted for UK banks 2011 - £25 billion
- Total bonuses to bankers 2010 - £14 billion
- Taxes unpaid by the wealthiest- £25 billion
WHY THE U.K. NEEDS A NEW PARTY
“Banking was conceived in iniquity and born in sin. The bankers own the world. Take it away from them, but leave them the power to create money and control over that money, and they will create that money right back again. Take this power away from bankers and all great fortunes will disappear, and they ought to disappear, for this then would be a happier, better world to live in … But if you want to continue to be slaves to the banker and pay the cost of your own enslavement, then let the bankers continue to create money and control credit.”
Josiah Stamp, governor of the Bank of England during an informal talk to about 150 history, economic, and social science professors in the late 1920′s at the University of Texas.
“The fact the Government chooses to borrow money and pay interest on it to Private Commercial Banks is entirely down to Government Policy. It does not need to do this. The Government and the Bank of England which it owns (though currently it allows it to be run independently) could, if it wanted to, pay off all its debts.” (anonymous Guardian commentator)
THE central issue of our times is that governments have relinquished the power to issue their own interest-free money for investment in the real economy, but are instead reliant on borrowing at interest from private banks.
To top it all, if those banks fail through inflating their debt assets, governments are forced to get the people to foot the bill for bailing out those banks. Yet if their own economies are weakened by giving out trillions to bail out their national banks, governments may be forced by international banks such as the European Central Bank to be ‘bailed out’ themselves through further loans from those banks - thus raising a country’s national debt even further and forcing them to cut public spending - all because they are not free to issue their own debt- and interest-free money independently of the private and international banking system and invest it to serve the people.
Neither politicians, economic pundits, the media nor MP’s of any party question or even acknowledge this central issue – though it is ‘the elephant in the room’ - the spectre haunting Cabinet and Parliament and shaping all policy decisions. The Labour Party may disagree with Tory policies but even they accept the Big Lie that public spending needs to be cut.
The traditional Right wish to reduce taxes and government borrowing through cutting public spending. The traditional left wish to maintain government spending – if necessary through raising taxes or borrowing. Neither the traditional Right nor Left realise that government spending is not dependent either on tax revenues or on borrowing – at interest – from private and international banks.To top it all, if those banks fail through inflating their debt assets, governments are forced to get the people to foot the bill for bailing out those banks. Yet if their own economies are weakened by giving out trillions to bail out their national banks, governments may be forced by international banks such as the European Central Bank to be ‘bailed out’ themselves through further loans from those banks - thus raising a country’s national debt even further and forcing them to cut public spending - all because they are not free to issue their own debt- and interest-free money independently of the private and international banking system and invest it to serve the people.
Neither politicians, economic pundits, the media nor MP’s of any party question or even acknowledge this central issue – though it is ‘the elephant in the room’ - the spectre haunting Cabinet and Parliament and shaping all policy decisions. The Labour Party may disagree with Tory policies but even they accept the Big Lie that public spending needs to be cut.
Instead spending for industry and employment, public works, welfare and education can be funded simply by governments by-passing the private banks and issuing their own sovereign, interest-free money directly through a National People’s Bank - as investment in the real economy and not as debt to private banks – which only adds to their inflated assets and those of the international ’casino economy’, euphemistically referred to and deferred to as ‘the financial markets’.
PUBLIC WELFARE FOR PRIVATE BANKS
The last British government bailed out the banks to the tune of over one trillion pounds of our money - roughly £16,000 for every British citizen.
The aim was not to ‘save the economy’ from financial crisis but to protect the banks that created that crisis – the same banks that are now making record profits – and paying out massive bonuses to their directors.
The Government estimate that national debt – to the banks – will hit £1.043 billion this year and £1.2 trillion by 2012. That means the banks will profit from a £43 billion interest bill – for which every household will have to stump up more than £1,800 in tax or cuts in their benefits or real income.
Meanwhile average incomes have already fallen by £1,200 in the last three years.
Did massive government benefits to the banks stop the bankers paying themselves obscene bonuses?
NO.
Did the banks use their welfare benefits to increase lending to businesses, mortgage buyers and industry? NO.
And how does the present government want to reduce the escalating ‘national debt’ that has resulted from massive welfare payments to the BANKS? By cutting benefits and jobs for the PEOPLE. By making the people pay instead of the banks – to pay for both welfare payouts, increasing debt and interest payments TO the banks.
WE SAY NO to all such policies – to paying off domestic and international banking mafias at the expense of impoverishing the people of all natons; to privatising the gains of the bankers and ‘socialising’ their losses – making the people pay and not the banks.
WE SAY:
- End public bailouts and debt-slavery to privately owned banks.
- Centralise the money supply in a new National People’s Bank that can issue its own debt-free money - money that funds the real bricks-and-mortar economy and not the ‘casino’ economy of private investment banks!
This means:
1. Breaking through the BIG LIE, MISLEADING MEDIA LANGUAGE and ECONOMIC IGNORANCE that surrounds the true workings of national economies – and the global enslavement and impoverishment of billions of people by the international banking system.
2. Eliminating THE BIG LIE that ‘there isn’t enough money’ – whether for schools, houses, hospitals, for more and better paid jobs, for a national minimum wage, and for national investment in the REAL ECONOMY – as opposed to the fictional ‘money economy’ of the banks.
3. TAKING BACK CONTROL of the money supply and the national economy from the international commercial banks and financiers and allowing the state to issue money. The direct issue of money by a National People's Bank is not the same thing as so-called 'Quantitative Easing' - which is nothing but governments injecting money into private banks and pension funds by buying back debts sold to them - interest-bearing IOU's in the form of government bonds or 'gilts'. Q.E. is but the last resort of a pseudo-national 'Bank of England' long since stripped of the power to issue money in a way that can be injected directly into the real economy - placed directly in the hands of industries, businesses, families and individuals.
Only through the creation of a National People's Banks can any country’s national financial and banking system serve the real economy and its people – instead of both the economy and the people serving and working as slaves for the banks.
There are those who make money from productive and creative work - and those who make money from money alone. Yet is it not clearly unethical that those who EARN most money and effectively OWN most of the country’s money supply PRODUCE NOTHING OF REAL VALUE and DO NOTHING OF REAL VALUE for people – but instead profit and enrich themselves simply by creating fictional money as loans, earning interest from the purely fictional ‘value’ of that money - and then raking in even more money by trading in debt insurance (‘credit default swaps’) on the financial markets.
A NATIONAL PEOPLE'S PARTY FOR A NATIONAL PEOPLE’S BANK!
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes … Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
Napoleon Bonaparte
The National People’s Party in the U.K. affirms the sovereign right of all nations - including our nation - to issue its own interest-free money. We can only do this through the creation of a National People’s Bank – one not dependent on borrowing from private international banks and their global cartels such as the World Bank.
This is not a new idea – it goes back to Napoleon and to Abraham Lincoln. Its importance was recognised by the founding fathers of the U.S. constitution and by several U.S. Presidents such as Lincoln, Garfield and Kennedy - all of whom were assassinated. Abraham Lincoln:
“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed."
What 'unnerved' Lincoln is exactly the dire situation of the majority of the people that the Occupy Wall Street movement and its counterparts all over the world - including the U.K. - are now rebelling against. Similarly however, what Lincoln saw as the alternative to the corrupt money power of the wealthy few is the only true alternative:
"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”
HOW A NATIONAL PEOPLE'S BANK WOULD HELP OUR PEOPLE
1.By having the power to offer interest-free credit to individuals, families and businesses.
2. By having the power to by-pass the private banking system and inject money directly into the real economy – for individuals and families in need, and for businesses, industry, transport, housing, health and education.
3. By reducing the debt and interest burden on companies – allowing them to reduce their prices and instead use their profits to increase both wages and investment – instead of squandering them on debt and interest payments to the banks. The net result will be an increase in demand for their products – with more people able to afford them - instead of upward pressure on prices and downward pressure on domestic sales, exports, wages and investment.
Just think! If a National People’s Bank had handed over £1.3 trillion directly to the people instead of the banks our economy would be booming - and not facing its worst recession since the Great Depression. We would not have bankers raking in billions of pounds in bonuses whilst at the same time millions of people struggle to make ends meet and not end up on the streets; to feed and clothe their families, pay off their mortgages and meet their other debts to private banks. But because the creation of a state-owned National People’s Bank will be a monetary revolution you can be sure that the big global banks and their institutions will fight it with all their power and every every means at their disposal, including all the major political parties, as well as the entire mainstream press and popular media – ‘the opium of the masses’.
Since it will need a national people’s revolution to beat the international banks, the most important question is - are you for it or against it? If you are up for it – then contact and join the National People’s Party right now! And forward this site to all your friends and colleagues.
THE U.K. NATIONAL PEOPLE'S PARTY
The United Kingdom is not itself a nation but a multi-national state. That is why the U.K. National People's Party is properly called 'The National Peoples' Party in the U.K.' It supports the transformation of the 'U.K.' into a genuine federation or commonwealth of devolved or fully independent nations - each free to create their own National People’s Banks. It also supports the creation of National People's Banks in all the countries of Europe, Eurasia and the world - as spelled out by A Monetary Manifesto for the People.
Of all the four 'nations' of the U.K.however, England itself has probably the least remaining sense of its traditional national culture, values and identity. This has not been destroyed by excessive immigration or multi-culturalism. Instead these have only arisen as a last-ditch defence against the global American capitalist culture of corporate greed, debt-fuelled consumerism and celebrity worship represented. Yet in its historic roots England is essentially a Germanic country, borne of migrating Angles and Saxons - into which it only later incorporated a multi-ethnic mixture of invading Roman, Danish, Nordic and Norman elements.
At the heart of the NPP platform is so-called 'Social Nationalism' or 'National Bolshevism' - understood from a new Marxist perspective as 'Monetary Nationalism' - and totally opposed to the racist, fascist, anti-semitic and xenophobic ideologies that defined German 'National Socialism'.
For more information, analyses and links – including many explanatory videos on the nature of money and banking today - go to our main site. To contact the NPP write to: info@thenewsocialism.org
