MONEY OR YOUR LIFE. Chapter Seventeen.
HOW THE FUTURE COULD BE. PART 1.
Having read this book with care, and having appreciated all the self evident truths presented, concerning the subject of economics and money in particular, we can make some very accurate predictions as to how life will be when monetary reform is in place.
First and foremost let us spell out very clearly what the reform actually is.
We shall restore to our Government the sole right to issue new money into circulation.
We shall demand that the Government will spend this money and not lend it.
The yardstick by which the value of money is measured is the price we put upon that which the money represents.
As a reliable means of exchange money stands proxy to that which is being exchanged .
The price of that item is determined by the cost of creating or producing that item of goods or services so that it can be successfully exchanged in the market place at a price which makes the transaction financially viable.
Money must truly represent the value of that for which it stands proxy.
Bear in mind that we wish to flourish and prosper. That we wish the quality of life to improve.
For this to occur trade must increase. The quality of goods must improve, more and better services must be available, there has to be economic growth, economic expansion.
There must be an increasing money supply to keep in step with that growth, for a shortage of money will impede trade and prevent the quality of life from improving.
Our Government will have the sole right to create and spend that new money and the better the quality of our lives become the more money the Government can spend.
You will notice that as poverty disappears the cost of a welfare state gets less and less and the Government while having more to spend has less and less expense to meet.
No need whatever for our Government to be in the red whilst it drastically reduces taxes.
Have you ever wondered why we punish people for working when the economy is failing, and we need more production to get out of trouble.
For make no mistake the deduction from the pay packet made on the pretext of paying for welfare for those less fortunate and unable to have a pay packet of their own, acts in practice as a punishment for working.
I did a survey in a factory and asked each worker what he felt on opening his pay packet and finding how much had been taken for PAYE. Without exception the workers described their feelings in terms of unwellness. "It makes me sick!" "Why kill myself working, just to have the reward taken away?" "It's most depressing." Some such order of remarks. Never once did a worker say to me "It's so nice to be able to give to the poor."
I travelled a long way to visit a factory where the owner paid the PAYE himself and there were no deductions from the pay packet.
It cost him a bomb. But he had been faced with going bankrupt in a highly competitive market.
By allowing the workers to receive a just and fair reward for their skill, and by granting them the right to keep all that they honestly earned, he had turned the business around and he had just bought an empty church next door in which to expand.
I had never seen such a happy workforce and their hands worked so fast at the machines that they were a blur and difficult to see.
Very stark evidence of the gains to be made by outlawing the practice of robbing the pay packet and giving proper rewards for excellence.
This factory owner even had his chauffeur collecting the workers children from school in his Bentley.
The more trouble we are in, the more we are taxed in order to balance the books and the heavier the punishment for working.
It is sort of crazy if you think about it.
A man goes down a mine to produce some coal. He works really hard and earns a good wage. But he is fined very heavily for his first offence. His very first pay packet is robbed of his hard earned money by PAYE.
His mate who has no work and spends his life in the pool room, is rewarded for doing so, with the money taken from the workers pay packet.
His mate doesn't like this, he has no self respect, he takes to drugs, he mugs an old lady and takes out of her purse the amount that his mate down the mine has earned in a week.
But although his mate is heavily punished by PAYE for his crime of working, the mugger gets off scott free as a first offender.
This is a crazy way to run an economy and if you investigate to find out why our Government does something so ridiculous, you find that they have borrowed money on condition that the loan is serviced by a tax on earnings.
Hey presto! With our new monetary system our Government can no longer be blackmailed and we can outlaw the practice of taxing people for working. No more PAYE!