If this privatisation of the money supply was reversed, £50 billion would fund our public services. We could increase spending on public services wipe of deficits, give students free tuition, maintenance grants, increase pensions, cut in taxes!

 

Lesa þessa slóð

Learn, learn, learn. Læra, læra, læra.

24.12.2014 | 02:29

Aftur,   Prosperity - uk

http://jonasg-egi.blog.is/blog/jonasg-egi/entry/1528300/

Egilsstaðir, 24.12.2014 Jónas Gunnlaugsson

Currently the public purse benefits annually

by about £1.5 billion on the profit of providing

that 3% of the money supply.

***

By contrast, the banks, in creating the remaining 97%

are

subsidised by the British people to the tune of

£50 billion every year.

***

If this privatisation of the money supply was reversed,

then that £50 billion would be available to fund our public services without there being a need to increase taxes.

Indeed, the nation could enjoy increased spending on public services

—

wiping out NHS deficits, giving students free tuition and maintenance grants, increasing pensions

—

and a cut in taxes!