Where Lame Stream Media Fear To Tread – Community Press Group Covers Budget Day 2014 and the Campaign to Reintroduce The Bradbury Pound

http://communitypressgroup.com

The Community Press Group was at Parliament to cover events surrounding the campaign to have The Bradbury Pound reintroduced as currency and the fact that this would solve our current and future economic difficulties and release the British people from enslavement of the international banking cartel

by The Community Press Group | CPG – Hub – | Saturday, 22 March, 2014

On Wednesday 19th March 2014 the campaign to reintroduce the Bradbury Pound was taken to Parliament and Downing Street.

The Community Press Group reports from College Green directly opposite the Houses of Parliament

Additional Content excerpts from article at link

Download Bankers Bradbury and the carnage on the Western Front! 30_11_12.pdf

Banks DO, In Fact, Create Money Out of Thin Air

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.”
- Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920s.

Not convinced? Think the Bank of England chaps misspoke, or that the British have a unique system?

In fact, other central banks also admit that commercial banks create money out of thin air … without regard to deposits on hand.

This angle of the banking system has actually been discussed for many years by leading experts:

“The process by which banks create money is so simple that the mind is repelled.”
- Economist John Kenneth Galbraith

“[W]hen a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.“
- Robert B. Anderson, Secretary of the Treasury under Eisenhower, in an interview reported in the August 31, 1959 issue of U.S. News and World Report

“Do private banks issue money today? Yes. Although banks no longer have the right to issue bank notes, they can create money in the form of bank deposits when they lend money to businesses, or buy securities. . . . The important thing to remember is that when banks lend money they don’t necessarily take it from anyone else to lend. Thus they ‘create’ it.”
-Congressman Wright Patman, Money Facts (House Committee on Banking and Currency, 1964)