This might be a bit of a winding path article but I’m sure you’ll stay with me. This is an important topic although you won’t have heard much about it.
There was recent programme on BBC, which almost but not quite mentioned the “Bradbury Pound”. That nice chap, Jeremy Paxman, started his new series about the First World War a few weeks ago and episode one covered the run up to war being declared.
He mentioned that, just a few days prior to the declaration being made the UK banking sector came close to collapse. That’ll sound familiar to you will it not? We are still suffering from the most recent collapse! Nothing changes.
However, in this case things did change. Jeremy informed us that a collapse was imminent and a run on the banks had begun, people queued to change their bank notes into gold. Luckily though a Bank Holiday was on the cards and duly went ahead. The government then extended the bank holiday by a further three days, followed by the banks re-opening and providing bank customers with “Bradbury” treasury notes.
The Bradbury pound (so named because of the signatory on each pound and ten shillings note) became legal tender. The notes were backed by Acts of Parliament and were unique as their value was secured on the value of the UK’s assets. At the same time these notes provided their monetary value with NO INTEREST. Money used to buy goods and services using the Bradbury pound did not attract interest.
I would have thought that Jeremy would have covered this incredible step, but, alas no he didn’t. He might also have gone on to say that the use of Bradbury pounds would have avoided the huge debts, which were run up fighting the First World War. Then he might have also said that the bankers managed to get the government to agree to withdraw Bradburys so they could get back to lending money and making huge monies from it in the form of interest.
Now the independence part. The Bank of England and wee Georgie Osbourne have spoken and said that Scotland can’t have a currency union with the rest of the UK. Sounds good to me. But Scotland will have shares in the Bank of England which would be recouped to Scotland the desolution of the UK. But who really knows who owns the Bank of England?
Apparently those who know aren’t telling. Are you also aware that the City of London is a completely seperate state? As is the Vatican and an area within Washington?
Are you also aware that almost every country in the world has a central bank run, not by the politicians, but by the Rothchilds? Iran, North Korea and Cuba don’t, and if Scotland goes for it’s own currency neither would we although that list of other countries isn’t enticing.
So how about a Scottish Bradbury (we could call it he Goodwin for fun) pound equivalent and a central bank outwith Rothchilds control? No interest loans. How much money would that put back into peoples pockets and help grow the economy which in turn would help pay for all those good works that so many people seem to want to do following independence?
In ending may I also suggest that in the USA “greenbacks” had also become currency for a number of years following the civil war. I’ll leave you with this thought. It some peoples minds the death of Abraham Lincoln was connected to the issue and use of greenbacks.
Who knows where the truth lies.