Debt & Deception published here,is a short, no frills booklet describinghow the banking system has come to dominate the life of Joe Public and his democratic government.Here is a core proposal for banking reform at a time when the present system is in disarray – perhaps terminally so.

The Monetary Reform you read about here will not directly effect your personal income or expenditure. It is notabout free lunches, citizens income, wealth redistribution or nationalising the banks. It is about stopping banks from generating new and unlimited credit and replacing all new, additional money with interest free credits issued by the State and then spent into circulation via investment in public assets. Having financed the assets, the new money then makes its way into circulation backed by real economic activity rather than financial inflation. In future the banks will have to attract investment and depositors’ savings in sufficient volume to match their loans and overdrafts. It is about recovering money from the private banking system and returning it to democratic accountability.

The author invites constructive criticism and suggestions - both critical and supportive, and where appropriate will be glad to correspond prior to incorporating your ideas into the final text. When this occurs your observations will first be published for comment on our Conrtibutions & Contact page with author acknowledgment.Thus we hope to provide a public forum which will mature into a realistic blueprint for a more acceptable and accountable banking system.

                                                           -oOo-

In this short read is the genuine explanation of inflation -too long shamefully suppressed by the financial establishment - and how elected government could once more make financially possible much of what is socially desirable and physically possible.

                                               Scottish Enlightenment for the 21st Century