Demand for Monetary Reform: 1943 letter

The following letter was written and sent in 1943. It was addressed to His Excellency, Most Reverend William Godfrey, the Apostolic Delegate to Great Britain, and to the Anglican Archbishops of Canterbury, York and Wales and to
other ecclesiastical dignitaries in Britain.

It's signed by 32 people, a Nobel Laureate and two aviation pioneers among
them. The two primaries involved in the letter's composition were Norman A.
Thompson:

http://www.wikipatents.com/gb/146681.html

and Frederick Soddy:

Things haven't changed one iota since this letter was written 60 years ago. The same scammers are pulling the same scam and We The People keep looking to be tricked over and over.

Read on, gentle reader.

* * * * *

Demand For Monetary Reform in England


Your Grace,
(1) We, all of British blood and descent, having studied the fundamental causes of
the present world unrest, have long been forced to the conclusion that an essential
first step towards the return of human happiness and brotherhood with economic
security and liberty of life and conscience, such as will permit the Christian ethic
to flourish again is the immediate resumption by the community in each nation of
its prerogative over the issue of money including its modern credit substitutes.

(2) This prerogative has been usurped by those still termed in general "banker",
both national and international, who have perfected a technique to enable
themselves to create the money they lend by granting of bookkeeping credits, and
to destroy it by the withdrawal of the latter at their discretion, in accordance with
entirely mistaken and obsolete ideas which they do not defend against impartial
and informed scientific criticism and examination. In this way, a form of national
money debt has been invented, in which the lender surrenders nothing at all; and
which is physically an impossibility for the community ever to pay. Any attempt
to do so produces the artificial "economic blizzard", as it did after the 1914-18
war.

(3) This has led to the gradual rise of a form of national, international and supra-
national power, dominating through its monopolisaton of the National social
credit all the basic creative activities of mankind. Thus, in this as in other
countries, it has become impossible to obtain publication in the press, or to
broadcast on the radio, the truth concerning this economic enslavement
which holds the peoples of the world in thrall.

(4) Under the world's present financial system the money, except for a now
trifling portion, is originally created by the issue of a loan at interest by the
"bankers", who lend nothing of themselves but in effect make a forced levy in
kind on the Nation by conferring on the borrower the power to purchase a
corresponding amount of wealth on the market, which wealth does not belong to
them, or those who borrow from them, but to the community. The proceeds of the
issue of new money - whether of paper or any other form of credit money -
belong to the Nation in which it is, or is accepted as, legal tender, and not to the
issuer. Herein lies the basic flaw of the existing monetary system.

(5) By this method, which has come to be regarded as legal by virtue of
established practice, the banks in our country are responsible for the issue of new
money of their own creation amounting today to between two and three thousand
million pounds - this being the difference between loans extended, including those
to themselves, and those repaid since they instituted the system a number of years
ago - and are thereby extracting by means of interest an annual tribute from the
Nation of over £100,000,000 for what has now become to them a relatively
costless and riskless service. But the real danger, well understood in every
preceding era of history, is the undermining of all lawfully constituted
authority by the creation and destruction of money carried on in secret for
private gain and the acquisition of power.

(6) All forms of government, whether conservative, liberal or labour, fascist,
socialist or communist, fall alike under the control of a political Power
Group, which is ultimately, and in large measure unwittingly, dominated by
the Money Creators and Manipulators. In this way the national political
power, which, if the individual is to enjoy the maximum of personal freedom
consistent with his duty to his conscience and his fellows, should be distributed
throughout the people, has been usurped without their knowledge and consent.

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