Green Credit for Green Purposes – a four-year old idea whose time has come?

Green Credit for Green Purposes was a submission to the Treasury Select Committee that formed the basis for this blog in February 2008.

Recently, the Bank of England came up with ‘doing it by QE’, or quantitative easing – as if there was no difference between ‘credit’ that requires ‘interest’ and ‘cash’ that is interest-free.

Besides the fact that nobody issues the interest necessary for all credit, the other aspect is who has the privilege of

  • issuing interest-free Cash: National Governments
  • issuing interest-bearing Credit: virtually all financial institutions
  • and who controls the issuers???

What is particularly sad is the fact that National Governments have let the financial institutions virtually take over the privilege of issuing money as Credit and thus the power of control.

What’s so dishonest about our money explains these arguments on another site.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s