Myths and Travesties of Capitalism - in the UK Context

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The myths and travesties behind institutionalised capitalism in an UK context.

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Myths and Travesties of Capitalism - in the UK Context:

Myths and Travesties of Capitalism - in the UK Context Sabine K McNeill Organiser, Forum for Stable Currencies Est. at the House of Lords in 1998

The City Myth: Credit = ‘money’:

The City Myth: Credit = ‘money’ Money as Debt aka Credit is called ‘broad money’ by banks is issued by banks and central banks is lent at ‘interest’ Public Debts Since WWII, successive governments have BORROWED more and more ‘money’ At interest – generally the same amount as the military budget

The Westminster Myth: Tax or Borrow:

The Westminster Myth: Tax or Borrow HM Governments’ INCOME Taxation Borrowing National Debts Public Spending Borrowing Requirements (PSBR) The Third (Original HM) Way Cash Notes & Coin Interest-Free Sovereignty & Seignorage – The Legal Privilege and a Financial Mechanism of Nation States How Nations are used to Sell their Assets to Private Financial Institutions and Non-Financial Corporations

The LSE Myth: Economics can be ‘understood’:

The LSE Myth: Economics can be ‘understood’ The London School of Economics (LSE) does not teach what ‘money’ is Economics is a ‘social science’ GDP, inflation and unemployment are ‘right measures’ The LSE camouflages what bank( st ) ers are doing Governments are in the pockets of The City It perpetuates the trend of eroding national sovereignties ‘Privatisation’ is the name of the game When Corporations rule the World is the goal

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