Dear Friends

It's at:

http://www.theecologist.org/archive_detail.asp?content_id=817

Please share this - thanks!

Love

john

www.interestfreemoney.org and LETSlinkUK trustee

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ps the following:

*Pre-Budget ‘Goldhawk Live’ Questions*

During the March 2007, pre-Federal budget, Goldhawk Live programme (on 
the cpac TV channel), I was able to ask the following:

“I’d like to see two things in the next federal Budget:

a) The introduction, within twelve months, of a guaranteed livable 
income – paid as of right – for all Canadians”;

b) The creation, , by the Bank of Canada - annually - of up to 
$CDN40billion of inflation-proofed, interest-free credit for green 
infrastructure developments – such as green public transit for people 
and goods, building insulation and solar heating, local food production, 
etc.”

March 2007

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Ps – check www.greencredit.org.uk <http://www.greencredit.org.uk/> and 
www.interestfreemoney.org <http://www.interestfreemoney.org/> for work 
on green, interest-free, publicly-created money.

Note that the latest interest-free money/monetary reform Early Day 
Motion – EDM 408 - in the UK House of Commons is at:

http://edmi.parliament.uk/EDMi/EDMDetails.aspx?EDMID=32037&SESSION=885 
<http://edmi.parliament.uk/EDMi/EDMDetails.aspx?EDMID=32037&SESSION=885>

EDM 408 PUBLIC CREDIT FOR PUBLIC PURPOSES

05.12.2006 Mitchell, Austin

That this House, knowing that enormous sums of money are necessary to 
improve public services, build a better infrastructure and provide for 
the well-being of the people, and recognising that further huge 
additional expenditure will now be necessary to combat global warming, 
reduce carbon emissions and make public buildings, housing and transport 
carbon neutral, points out that there is no prospect of raising such 
huge but necessary sums through normal channels of taxation and 
borrowing; therefore suggests that the time has come to supplement these 
by using the power of public credit to increase the amount of 
publicly-funded money, particularly since this has fallen from 20 per 
cent. of the money supply in 1964 to 3 per cent. today because the banks 
have largely taken the issue of credit and taken the seigneurage arising 
from credit creation for themselves; and calls on the Government to use 
the power of public credit for public purposes, particularly for the 
huge expenditure necessary to finance the development of carbon 
neutrality in a good society.


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I hope that a motion similar to the above could be tabled in other 
national legislatures by eco- and social-friendly parliamentarians.

xo

j

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