A PROPOSAL TO ANY NEW POLITICAL GROUPINGS TO INCLUDE IN THEIR MANIFESTO.
RAPID ECONOMIC DEVELOPMENT; SETTLE ALL GOVT DEBTS; ABOLISH INCOME TAX; FREE EDUCATION; AND SOON, FREE BASIC INCOME FOR EACH FAMILY, AND NO POOR.
This is the strange story which people find hard to believe. Imagine we are living in a new country about to start. Instead of the government creating the money and distributing it to the people the government says I will only print 3% of money, 97% of money let it be created by banks whenever they give loans.
That is the beginning. The current situation is the result of this beginning position. If the government owes money today it has borrowed it from people who somehow owned the money the bank creates.
Can a government create money? 1000% yes!!!
Take away money creation from banks. Let it be created by a body that is answerable to parliament. We will have rapid economic development overnight when government directs money to projects that develops the nation- highways, power plants, dams, schools, hospital factories etc etc.
Instead of private banks directing money to personal loans, credit cards, housing and commercial properties like happening today. And only 16% to the real economy.
If the materials required is from inside the country we do not need to borrow a single sen from outside. Forget the Samurai Bond – its not even Shariah Compliant.
Our nationally owned Development bank which operates current accounts will create the online/chequebook money required.
The only thing we can’t do is create local money to buy things from other countries. That we have to sell our products to get their products.
If ruling governments is not interested to do this; let a new political groupings do it! (hint, hint- we will assist draft the manifesto and set up the think tank to execute).
There is abundant truths and facts supporting the above claims.
( Google #publicbanking #Positive Money, #International Movement for Monetary Reform #MovementforMonetaryJusticeMalaysia #mmj.my #publicbankinginstitute)
And we are not alone in this world with this knowledge and belief. Some Malaysian Monetary Reformers are now going in sya Allah to poor economies in Africa and Asia to help them with this knowledge.
Pray for us.
The secret the private bankers wants hidden from the world and how the BIS (Bank of International Settlements) killed every successful public banking institution like Commonwealth Bank of Australia etc. (See Ellen Brown’s “Public Bank Solution- From Austerity to Prosperity” Publisher – Third Millennium Press)
So that the power remains in private bankers’ hands.
Imagine there are no private banks in Malaysia.
All citizens and companies have current accounts with BNM ( BNM under control of Parliament of course not ruling government).
All settlements done via the current accounts at BNM.
BNM can create all the money it needs to overnight develop this country.
All goes to the real economy- dams, highways, power plants, factories, schools, hospitals, universities, etc.
No leakages like today to personal loans, housing and unsaleable high end properties (Minister Zuraida’s statement recently!)
Project funding profits goes back to BNM to enrich us- no more fat cat private bankers.
All rakyat can afford housing, no income tax, free education, free university and very soon free monthly basic income for every family and no poor.
As aside to current very confusing Brexit- nations that wants to exit a monetary union should. A monetary union is the brainchild of the private bankers.
Greece would have solved its problem and prospered if it Grexited and started producing its own money a long time ago.
This the most #HalusOfPenipuan.
In a famous quote by Henry Ford – “people will start a revolution tomorrow if they just understand how money is created.”