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.

As an anti-poverty campaign, it is more pragmatic than the economic theories of Tobin Tax definitions or the political demands of the Attac network.

Supported by a coalition of 48 organisations, the Robin Hood Tax campaign spells out what the income should be spent on.

And in the spirit of our times, it uses Twitter and YouTube.

The video is set to private until the launch which is set to 0.05am in parallel with the 0.05% tax that Robin Hood wants to take.

However, Mervyn King, the Governor of the Bank of England, dismissed the idea of a Tobin Tax only recently, according to the FT.

Of course, this tax doesn’t get to the root of all evils, but at least it’s bound to capture people’s imagination!

Updates can be found here.

Blog Action Day is an effort to focus on climate change collectively in the blogosphere.

With our history of Early Day Motions (EDMs) we’ve been addressing the monetary causes since 2002, trying to educate MPs.

Based on our latest EDM, we’ve now created a website that brings MPs and victims together: www.edm1297.info.

Some of the questions one has to ask oneself are:

• are institutions achieving what they are supposed to?
• if not, why not?
• what on earth can I do?
• what is worth doing?
• which side am I on?
• am I coping and staying positive by doing SOMETHING?

Instead of the usual political right – left divide, it pictures what the world might become, depending on our human development and the degree to which we care for the health of our planet!

1. Harvard physicist John Holdren as director of the White House Office of Science and Technology Policy takes a position on climate change that is remarkably serious
2. Climatologist Jane Lubchenco is to head the National Oceanic and Atmospheric Administration
3. Nobel prizewinner Steven Chu heads the Department of Energy to lead the development of alternative energy sources

On December 22nd, 1964, Henry Kerby MP requested that the emission of all the means of exchange should be returned to the Crown.

We’ve been asking for Public Credit since 2002. May the net, the web and the magic of blogging robots help all of us to achieve what Henry Kerby MP asked for at the time. As one of the steps I sent our key documents to the Queen and the Prince of Wales.

Do you feel like adding your name to the signatures of the petition Stop the Cash Crumble to Equalize the Credit Crunch?

However, the Chairman wrote that I cannot see him in the foreseeable future. So we have to do it online.

“Stop the Cash Crumble to Equalize the Credit Crunch” says in less words and a few web links what our submission said in 63 paragraphs: please look into the money supply and the ratio between Cash created by the State and Credit created by banks – for the imbalance is untenable and certainly unsustainable.

At the end of WWII, 48% of the money supply was Cash. Now it’s 3%. See What is the Cash Crumble? in my other blog for the evidence. But nobody creates the interest necessary to pay for credit. So credit is chasing credit. That’s what must be called “usury-based banking” – quite the opposite of what Dr. Yunus has created with his Grameen Bank which is usury-free and run as a social business.

I have yet to learn who reads the £24 document – besides all of the people who gave evidence and therefore got a free copy.

And I have to discover the value of our submission in this document.

Since the Yunus Event at St. James’s, I begin to talk about ‘climate urgency’ and ‘climate capitalism‘.

Our current Early Day Motion is entitled “Green Credit for Green Growth” but so far only 11 MPs have signed.

In the UK, WriteToThem makes it easy to ask your MP to sign. Are you happy to click through?