We are told that the pensions crisis is due to our living longer than
politicians' desire and having too few young people working
creatively.
The truth is a bit different. The Government now provides useless and destructive
employment for a vast army of bureaucrats, in order to make the dole queues
look small. We have fewer and fewer people working to produce what we need.
Those productive people, are working harder and harder and producing less
and less. At the same time, people are able to buy less and less, without
going into debt.
Nevertheless the chosen productive few, work so well that vast surpluses,
which they can create, will not sell and only earn for those workers so little,
that saving is impossible.
A failure to observe reality and instead, to succumb to political propaganda,
allows us to believe that we had best not grow to full maturity, but to retire
from the game of life, nice and early.
The pensions crisis looks very real and looks quite
lethal.
Fortunately we can, if we wish, observe reality and take notice of how our
Statesmen should behave correctly.
Our Statesmen have become experts at getting things wrong. Their biggest
crime is to devise a corrupt and unworkable Monetary System.
Our Statesmen agree amongst themselves, that ordinary mortals cannot be trusted
with the task of creating and issuing the currency. They know for certain
sure, that if they were to undertake this task, they would over create and
give us all, runaway inflation.
As Denis Healey, the then Chancellor of the Exchequer, once told me, "Doctor
Hamlyn, I have never understood money and I never shall".
It is no good expecting those who have never understood money, not to create
trouble for pensioners. Likewise trouble is not necessary and we can handle,
a seeming problem, merely by understanding money.
We need to understand money, because when there is a difficulty with
understanding money, the creation of new money gets handed over to the experts.
Politicians have given the bankers, that responsibility, believing that being
experts at making money, bankers are the best people to create new
money.
Bankers actually make money by lending money, therefore it comes very naturally
to bankers, to lend new money into existence.
Governments allow bankers to issue new money as credit.
New money is now created by individuals and by businesses accepting credit
as a loan and then the law states that money is owed.
It is new money which is owed, new, because it was credit before being accepted
as a loan.
Individuals, businesses and nations get ever deeper into debt as a result
of calling credit money.
If you stop and think, you will realise that it is impossible to save credit,
or to salt credit away in a pension fund. New money, which is actually credit
in disguise, gives us debt as our currency. Fair trading is impossible when
the currency is debt. Fair Trading is replaced by commercial
warfare.
We call it a rat race, which is a race which can only be run before you retire.
Once you retire you automatically become a loser in the rat race. But you
can do something about it. Get your M.P. to attend one of my seminars, so
as to understand money and relieve the bankers of their burden. Then we can
have real money as currency and manage without debt.
There is life without debt. But without money we die.
About the Author
Dr Hamlyn is a founding member of the Royal College of General Practitioners,
a veteran of WW II, retired farmer and practicing medical doctor. He is a
prolific and articulate voice on the subject of monetary reform.
www.monetaryreform.org
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