[R-G] [BillTottenWeblog] The Bromsgrove Group

[Bill Totten]

Statement of Beliefs
	
We recognise :

1. The supply of money into the economy is the big issue which governs
all the issues. The present economic system is debt-based. This means
that virtually all money is supplied to the economy as a debt to be
repaid, with interest, to the banking system. Governments rely upon the
majority of people going into debt to the banking system simply to
create enough money to supply the economy. Governments, too, must borrow
from the banking system to fund public expenditure. Taxpayers must then
pay back the debt and interest repayments.

2. As a consequence of this debt-based economic system, we see the
indebtedness of people, families, and countries growing daily. The
present debt-based economic system perpetuates debt slavery, and this is
ultimately destructive of society, the environment, and the planet.

3. The banking system creates money out of nothing. We are concerned at
the claim that there is no money to fund vital public services,
industries, and social and environmental projects, when this money at
source is created out of nothing. Governments should be able to supply
money, debt-free, without having to borrow from the banking system.
"Debt-free" means that it does not have to be repaid.

4. The debt-based economic system must be challenged and alternatives
constructed. The economy needs a supply of money debt-free.


Therefore, we affirm :

1. Money must be based on the real wealth of society people, skills and
materials not on debt. The supply of money must relate to these physical
facts not to the requirements of the banking system.

2. Money is the means of exchange for the goods and services produced by
this real wealth. It is not a commodity itself.

3. The purpose of an economic system is to provide goods and services
as, when and where required in order to satisfy human needs.

4. Money must be our servant not our master.

5. Money, at source, is created out of nothing, so there is no need for
it to be scarce.

6. Whatever is physically possible and socially desirable can be made
financially possible.

7. The present economic system can, and will, be changed for the better.


Consequently, we propose :

1. That the government via a democratically accountable authority
undertakes the creation of a supply of money, debt-free, into the economy.

2. This authority should spend, not lend, a supply of money into
circulation on the basis of proven need. This will reduce the overall
burden of debt in society, break reliance upon the banking system for
the supply of money, and open potential for limitless change.


Association in the Bromsgrove Group is open to individuals and
organisations which support this statement of belief.

Respect is paid to the different options for change represented by
different members within this statement of belief.

The group meets once a year and regularly exchanges information,
inspiration and support.

Prosperity
268 Bath Street
Glasgow, Scotland
UK, G2 4JR
Telephone : 0141 332 2214
Fax : 0141 353 6900
email: admcc at admcc.freeserve.co.uk

http://www.prosperityuk.com/get_involved/bromsgrove/principles.php


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