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!

Jónas Gunnlaugsson - jonasg-egi.blog.is

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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!

13.4.2016 | 09:12

 

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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!