Repsonse to Comprehensive Spending Review

I am appalled by the austerity measures announced by George Osborne, as reported this week. And even more specifically apalled by the reaction of our, so called 'leaders', locally, to those measures.

It is clear that after all I said to them in the election earlier this year, they have done nothing to make themselves aware of the workings of the monetary system that operates in this country.

The cuts announced in the spending review will do nothing to reduce the national debt, and they don’t come close to achieving the abolition of the deficit by 2015, as has been reported.

Money as Debt

Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is in 5 YouTube Sections.

Financial Crisis and Economic Recession Lecture

London School of Economics Lecture on Fractional Reserve Banking

Date: Thursday 28 October 2010
Time: 6.30-8pm
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Professor Jesús Huerta de Soto


A growing number of people are realising that our current money system, which gives commercial banks a monopoly on the supply of money to the economy and throws much of the population into unnecessary debt, is defective and urgently needs reforming. This was the main plank of my General Election Campaign here in Newbury.

On Thursday 28th October the following lecture is being held at the typically mainstream London School of Economics, and is worth attending if you're in the area. It's free.

Who makes the money?

The video below explains in under five minutes exactly where money comes from, who creates it, and why that’s a problem.