[R-G] [BillTottenWeblog] The Bromsgrove Group
shimogamo at ashisuto.co.jp
Sun Sep 12 05:37:29 MDT 2010
The first meeting of the Bromsgrove Group was held in October 1997. Its
purpose was to bring together, in loose association, people concerned
about a variety of social, religious, environmental, academic, and
ecological issues but who are united in a belief that the supply of money
into the economy represents the root cause of their shared concerns. It is
an opportunity to meet, network, discuss issues of vital importance based
around reform of the money system, and to develop projects to promote our
Although we came together from many diverse viewpoints, we are united in
realising that the supply of money into the economy is the big issue that
governs all the issues and without a solution, all attempts at social and
environmental reform are thwarted because governmental organs of influence
and authority simply plead they have "no money".
Prosperity advocates that the solution to this admission of economic
inadequacy is a switch from funding mechanisms based on debt to funding
mechanisms based upon the availability of people, skills and materials.
This can most readily be achieved by direct Government creation of the
funds necessary to take up the shortfall between what is socially and
environmentally desirable, and what is being achieved through the current
practice of borrowing from the banking system and not only borrowing, but
borrowing with interest added!
We are up against a powerful banking lobby which knows very well what
wealth and prestige has been garnered from its monopoly in the creation of
money, and which will resist with a vast array of financial and other
resources, any attempt to dislodge it from its lofty pedestal. Therefore
we must educate and mobilise the public. We must generate grass-roots
demand. We must convince our fellow citizens that Government can, and
should, create money on our behalf.
The third annual meeting of the Bromsgrove Group was held towards the end
of October 1999, and the following is a list of initiatives represented at
this successful event:
British Association for Monetary Reform
Campaign for Interest Free Money
Centre for Holistic Studies (Mumbai)
Christian Council for Monetary Justice
Christian Ecology Link
COMER (Committee on Monetary and Economic Reform)
Community for Reconciliation
Federation of Small Businesses
Forum for Christian Peace Groups
Forum for Stable Currencies
Green Party Economics Policy Group
Institute for Rational Economics
Islamic Party of Great Britain
Nascent Youth Group
Scottish Monetary Reform Society
Sustainable Economics Newsletter
Two important ideas came out of Bromsgrove 99. Firstly, a call for a
regular newsletter to keep everyone in touch with what's happening in the
movement. Prosperity answers that call. Secondly, the need for a Statement
of Belief to represent the basis we associate upon and which respects our
diversity. [See below or] Look under Principles for the Bromsgrove
Statement, intended to represent this common platform. It avoids talking
about the Basic Income, or the Just Price, or any other policy which may
become possible once the system has been changed, but which at present,
different individuals and groups have various opinions on. It also seeks
to avoid the technicalities of change which are open to debate and
disagreement; the aim is to achieve consensus with clarity and concision.
The Bromsgrove Conference has now been held every October since the first
meeting in 1997.
It is expected that the statement may evolve within the principle that
policies and technicalities are excluded. It has been constructed by
Alistair McConnachie with thanks to Mike Rowbotham, John Johansen-Berg,
Peter Challen, Jack Hornsby, Donald Martin, Robert Arnold, Edward Hamlyn,
David Weston and James Gibb Stuart for ideas provided. Feedback is invited.
The Bromsgrove Group Statement of Beliefs
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
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.
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