National Credit economics

Why politics never delivers on the economy!

All political parties are in a bit of a stupor these days. And there is a reason for it. They have been mesmerised by the false prophets of finance and have come to accept the lie known as TINA – there is no alternative.

Even the BBC admits prospects looks worse for each following generation.

We talk about the economy like it is beyond our control. All we can do is tweak it here and there and hope for the best.

We go through the pseudo-magic rituals of government budgets, grant funding, regeneration programmes, regulation tweaks, and trade missions in hope that things may improve.

But they never do. It just slowly gets worse.

The problem, in a nutshell

We suffer unemployment, income insecurity and deprivation because all our money is being vacuumed up by a rogue financial system out of control.

This parasitic financial sector not only creates all the money out of thin air – but then lend it out with interest attached.

This is how the banking sector operate a private money creation tax on virtually the entire money supply.

And due to the nature of compound interest, the burden of this private tax on the money supply never stops increasing.

The result is less money in the real economy – the economy where the vast majority of us depend on for an income.

To ‘make ends meet’ we have to “borrow” (which is to allow private banks to create more debt that has to be paid back with interest – at virtually no cost to the banks).

Hence we all fall deeper into debt-slavery each year – just to keep the rotten system ticking over.

In media-speak it’s called “economic growth”. The debt-based money supply must grow just to just to cover the increasing cost of the money racket.

The euphemistically named “1%” are largely composed of the bankers, bond holders, and market manipulators. They rake in vast quantities of unearned income every day – for their benefit and our collective loss.

The problem is that we have allowed a small group of bankers and bondholders to create and control our collective money supply for their profit – and our loss.

The only debt-free money is notes and coins, only making up 3% of our money supply. The other 97% is owed to the “1%”.

Hence we now owe more money than even exists.

If we took all the money in the economy, public and private, and used it to pay back our debts, there wouldn’t be a single penny left in the economy – and we would still be in debt!

Hence our collective debt is mathematically unrepayable.

It is a system that, if left unchecked, will drive us all into deepening poverty while the gap of wealth between 1% and the 99% grows.

Our living standards will continue to deteriorate while the Billionaires become Trillionaires.

It will continue on until the whole system collapses, possibly violently.

These facts cannot be disputed. The figures are available on the Bank of England’s website.

It is a mathematical certain outcome of an economy that relies on debt for its money supply.

This fact is still misunderstood or ignored by our political and business elites – for now.

Some people have termed it debt-serfdom to financial overlords – or neo-feudalism

How has this been allowed to happen?

The root of the problem is simple. But there is an entire industry and university courses designed to make appear far more complex and impenetrable than it is.

Although simple to understand, most people in politics and business are trained not to see it.

Politicians allow themselves to get boggled down in high finance techno-jargon designed to hide the obvious.

The most recent survey of Westminster MPs in 2017 revealed that around 85% of them didn’t even know where money comes from – let alone the dire results created by allowing an economy’s money supply to be based on debt.

MP postivey money surveySee the results of the survey here: Parliamentary perceptions of the banking system

Even many economists are unclear on how the money system works. You can get an entire economics degree without being taught that now money IS debt. Economists study flows of money, not its nature or origin.

Yet it’s this unjust and dysfunctional money system that our entire economy is based.

It is a giant Ponzi scheme that can only end in collapse.

So how can we fix it?

Money is just an accounting system. Nothing more, nothing less. To re-establish an economy that works for everybody we simply have to alter some monetary system mechanisms.

In short, we have to transform the money supply from private debt to social credit. Two little changes to financial regulations can do it.

First we prohibit private banks from creating debt-money out of nothing (which is then owed back to them, with interest). They would have to return to lending out money that already have, or borrow it from the state if they need more.

Secondly we create a publiclly-owned central bank to sufficient supply enough debt-free currency for the economy to operate at its optimum state.

Full employment would return along with increased wages.

Cost of living would also be significantly reduced, once the unearned private tax (interest on the money supply) is removed.

The 1%, accustomed to many millions a day in unearned income, may squawk, take tantrums and issue threats . But let them. Their power and privilege is unjustifiable in a democratic society.

The bank-controlled finance sector is like a growing tumour gorging itself on ever increasing tributes – while starving the real economy built and maintained by ourselves.

It’s time the real wealth creators – we who work and contribute to society – reclaim our share of the common wealth.

It’s the right and democratic thing to do.

Liabilities of the current debt-based economy

There are many short-term and long-term negative effects from basing an economy on debt.

Below are just a few examples:

Need for perpetual growth, just to avoid collapse

  • perpetual growth on a finite planet – collective suicide in the longer term
  • the financial growth is confined to the fortunes of the 1% – while the rest of us get poorer.
  • perpetual grow (in debt) results in the wealth gap continuing to widen
  • perpetual financial growth requires population growth – hence mass migrations as part of the globalist agenda
  • mal-investment in speculative financing depressing the real economy
  • the rise of predatory finance, corporate raiding and leveraged buy-outs resulting in the destruction of businesses

The real economy becomes suppressed due to artificial and chronic shortage of funds

  • the introduction of austerity – which results in a government managed transfer of wealth from the many to the few.
  • chronic unemployment, low wages, income insecurity
  • insufficient funds for public expenditure and private entrepreneurship
  • proliferation of mass-produced cheaply made products of limited durability due to suppressed incomes

Public and private debt-slavery

  • public infrastructure being taken over by predatory finance to increase their unearned rent extraction and increase the cost of living
  • people tied to a lifetime of debt servitude through student loans, mortgages, credit cards, etc.
  • a ever increasing portion of our taxes go to service the 1%, not public goods.
  • a continual and increasing downward pressure on wages levels
  • inflationary asset-price bubbles, particularly in real estate, making owning your own home unattainable for more and more young people

Cut-throat international competition, trade wars, leading to hot wars

  • aggressive and damaging international trade among nations all attempting to remain solvent in a toxic environment of debt
  • a general decline in the quality of products and services available for consumption
  • a state of acute dependency on elite-controlled trading blocks and regulations designed to enrich the few at the expense of many
  • the growth of large-scale corporations crowding out local businesses and damaging local economies
  • the closing down of small efficient and diverse family-run farms into monoculture agribusiness
  • excessive and largely unnecessary transportation of goods clogging up our roads and polluting our land
  • the deformation of viable and sustainable local economies into low-wage, exploitative, and unstable export-oriented economies (resulting in destitution and famine in many 3rd world countries)

Benefits of an economy based on social credit

The benefits of a social credit money system are numerous:

To list a few:

Elimination of suffocating private and public debt burdens

  • the removal of public and private debt as a necessity to keep the economy ticking over
  • transformation of a nation of debt-slaves to a nation of savers and entrepreneurs

Steady-state and sustainable economies

  • affordable housing in line with its real value (3 to 4 times a worker’s annual income)
  • a more decentralised economy where everyone, urban and rural, have a more equal stake
  • proliferation of local businesses serving local communities
  • a return to genuinely free markets, (in distinction of the current version of rigged markets disguised as free)
  • people could be paid to have and raise children, (possibly one of the most important contributions to society and the economy)

income security for all

  • return to secure full employment with decent wages
  • a viable basic income scheme based on each citizen’s share of the nation’s natural wealth
  • the elimination of homelessness and poverty

A catalyst for global change

  • a prosperous Welsh nation independent of debt-based fiat currencies would be a torch leading the way for other nations out of debt servitude

– – –
More information on the corrupt money system and the need for monetary reform go here:

Books, videos & links on why we are getting poorer and deeper in debt and what we must do about it.


This website is still “under construction”. Want to help? get involved? suggestions? support? Click here.