THE CLAIRE FOSS JOURNAL

** Under the market fundamentalist rule of these money masters, the environment is falling apart and there is no country in the world that I know of that is not now more corrupt and criminalized than honest and civilized.

** Notwithstanding the fact that probably everyone I know is, in principle, for an end to debt slavery and environmental and social breakdown, the hard reality is that this will not happen under the prevailing, interest-bearing money system.

** It is not just a question of the greed and power lust of those who control the banks that issue the money, it is more basically that the banks, by their very nature, need transnational, money-needful and money-generating growth built on debt to survive and prosper; irrespective of the consequences to our humanity and the earth. The World Trade Organization is there to maintain the global rule of the money masters, and the events in SEATTLE in early December 1999 show how far these rulers over our now debt enslaved world are willing to go down the road of diminishing conscience, responsibility and respect for life. Therefore, we go into the next millennium knowing:

** either we make of this an honorable fight at every level, from street level protests to board room and shareholders' meetings to political party conferences, to end the rule of the money masters and totally transform the money system (from private ownership to an interest-free public service) or we lose our humanity. . . and the earth, this once precious pearl in the universe, becomes a derelict, desolate planet fit for grotesque life forms only;

** either we search out and live for economic justice and are willing to lose our jobs, our fine reputations as managers, academics, and other high positions and are willing to risk pepper-gas in our eyes, broken limbs, cracked skulls, even our lives for it; or we will most surely lose out as human beings. Now that was, deliberately, one very long sentence to reflect the very hard, long struggle that lies ahead for those of us who passionately care for life, justice, truth, joy and also adhere to the principal of sharing rather than the strictly narrow focus of simply doing well for ourselves, no matter what the cost.

By the late great Boudewijn Wegerif � with input from Claire Foss

** As a clarifying follow up, we recommend reading the first chapter of Michael Rowbotham's stunning book "The Grip of Death"....... for viewing go to the index on the left side of your screen.

Debt Money - Mankind’s Friend or Debilitating Foe

Money must return to its true purpose.

A SIMPLE METHOD OF EXCHANGE

Humanity’s devastating predicament… Money has over time been
deviously transformed into a commodity.

AN INSTRUMENT OF DEBT

This same cursed debt, while enriching a few, ensnares the vast majority of humanity in a web of cruel economic slavery leading directly to social and environmental breakdown.

Claire Foss... April 22 – 2004 ( Earthday) Revised: Dec 26 - 2006

Definition of the word commodity according to the Oxford dictionary; ***commodity: article of trade, esp. product as opposed to service.

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Channel Islands model of debt-free money

Patricia Knox

The British government, like most other governments, has delegated money-creation to the central bank. Money is therefore loaned at interest to the government by the central bank, instead of being issued debt-free by the government. Increasing amounts of tax revenue are therefore being used to repay the debt to the Bank of England. Since there is no mechanism for writing off any government debt, present day tax money is being used to pay interest on the accumulated debt of the past 300 years. High interest rates only aggravate the situation.

The banks should pay governments for a license to create money. Governments should not pay interest.

As each year goes by, an increased percentage of tax revenue is swallowed up by the Bank of England, and social services are withdrawn as there is not enough money left to fund them.

Debt is like a cancer in society. It causes the ills of unemployment, bankruptcy, poverty and destitution, which lead, in turn, to crime and ill health. At some point in the future, at least in some countries, the rate of money-creation, increasing at an exponential rate, will be overtaken by the size of the government debt, increasing at an even faster exponential rate.

At that point, all wealth will go to pay an unrepayable loan, and there will be no social services. This is already the case in Third World countries, where the real wealth of those countries is exported to pay an unrepayable debt, and where every newborn baby is already in debt to foreign banks.

In the Channel Islands it is different. There, the government has not delegated the money-creating powers to the banks. There, the government creates debt-free money and spends it into the economy, rather than lending it into the economy, so that the government has no debt to the banks. Partly as a result, Jersey and Guernsey experience prosperity unknown in many countries. Income tax is only 20%. There is no VAT, inheritance tax or capital gains tax.

Governments everywhere should take back their power to create interest-free money, and nations would thus reach a new level of prosperity. An essential first step would be to make all loans unenforceable, like gambling debts are now, and then money lenders would become more responsible in their lending. Equity finance, where the investor shares in either profit or loss, rather than loans on fixed interest, would become the approved method of finance.

Patricia Knox, Pen Llywenan, Bodedern, Holyhead, Gwynedd, Wales LL65 4TS (tel 01407 740767).

If you believe that this Journal is doing important work we do need your financial support, please make a donation. (International Bankers excluded)......Claire Foss

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Is this earth merely a bank to be robbed, or is it a fantastic garden, where the responsibility for tending is up to every one of us?

Where do you stand?