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About. Welcome to the website of Prosperity, a quarterly Money Reform journal published by Alistair McConnachie in Glasgow, Scotland, dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money – since January 2000. What is Money Reform? ARTICLES | PROSPERITY UK Investigating the Bank of England Nominees Limited ». The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » SUBSCRIBE Subscribe. Alistair McConnachie is the Editor and Publisher of Prosperity. He has degrees in Agricultural Economics, and Scots Law, and a Diploma in Legal Practice. He has been cultivating the field of Money Reform for over eighteen years. PROSPERITY UK » THE PROBLEM Don’t Blame Ford, Blame the System. By Philip Snow Prosperity subscriber Philip Snow is the Editor of Granada News, the official magazine of the Ford Granada Enthusiasts’ Club. The following is a shortened version of his Autumn 2000 editorial. The Club can be contacted at 116 Whitmore Road, Hanchurch Crossroads, Staffordshire,ST5 4DG.
PROSPERITY UK » THE SOLUTION 1- Private debts e.g. mortgages, loans, overdrafts, credit-purchases. 2- Industrial and commercial debts. 3- Government “national” debts. 4- International, or “Third World” debt. Prosperity is dedicated to the proposition that the State should create a supply of debt-free money which should be spent, not lent, into the economy,either
PROSPERITY UK » HOW MONEY IS CREATED » HOW PRIVATE How COINS and NOTES are CREATED. The significant point about coins and notes money created by the government is that this money is created debt-free, and spent into the economy by the government. This is a vital consideration, and it is therefore important to PROSPERITY UK » WHAT IS MONEY? » THOMAS EDISON ON In December 1921, the American industrialist Henry Ford and the inventor Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama. They used the opportunity to articulate at length upon their alternative money theories, which were published in 2 reports which appeared in The New York Times on December 4, 1921 and December 6, 1921. PROSPERITY UK » MONEY REFORM MISCELLANEOUS » INVESTIGATING The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been since it was nationalised in 1946 (1) . They will point to something called the “Bank of England Nominees Limited” (BOEN) to allege that there is PROSPERITY UK » ALTERNATIVE CURRENCIES » DAVID J WESTON INTERVIEW. David, please tell us a little about yourself. Born in Plymouth, Devon, and brought up and schooled in various parts of Britain, including Scotland, I emigrated to Canada many moons ago. ALISTAIR MCCONNACHIE PROSPERITY UK FOR MONETARY REFORM ANDWHAT IS MONEYHOW IS IT CREATEDTHE PROBLEMTHE SOLUTIONSUBSCRIBEMONEY REFORMLINKS
About. Welcome to the website of Prosperity, a quarterly Money Reform journal published by Alistair McConnachie in Glasgow, Scotland, dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money – since January 2000. What is Money Reform? ARTICLES | PROSPERITY UK Investigating the Bank of England Nominees Limited ». The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » SUBSCRIBE Subscribe. Alistair McConnachie is the Editor and Publisher of Prosperity. He has degrees in Agricultural Economics, and Scots Law, and a Diploma in Legal Practice. He has been cultivating the field of Money Reform for over eighteen years. PROSPERITY UK » THE PROBLEM Don’t Blame Ford, Blame the System. By Philip Snow Prosperity subscriber Philip Snow is the Editor of Granada News, the official magazine of the Ford Granada Enthusiasts’ Club. The following is a shortened version of his Autumn 2000 editorial. The Club can be contacted at 116 Whitmore Road, Hanchurch Crossroads, Staffordshire,ST5 4DG.
PROSPERITY UK » THE SOLUTION 1- Private debts e.g. mortgages, loans, overdrafts, credit-purchases. 2- Industrial and commercial debts. 3- Government “national” debts. 4- International, or “Third World” debt. Prosperity is dedicated to the proposition that the State should create a supply of debt-free money which should be spent, not lent, into the economy,either
PROSPERITY UK » HOW MONEY IS CREATED » HOW PRIVATE How COINS and NOTES are CREATED. The significant point about coins and notes money created by the government is that this money is created debt-free, and spent into the economy by the government. This is a vital consideration, and it is therefore important to PROSPERITY UK » WHAT IS MONEY? » THOMAS EDISON ON In December 1921, the American industrialist Henry Ford and the inventor Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama. They used the opportunity to articulate at length upon their alternative money theories, which were published in 2 reports which appeared in The New York Times on December 4, 1921 and December 6, 1921. PROSPERITY UK » MONEY REFORM MISCELLANEOUS » INVESTIGATING The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been since it was nationalised in 1946 (1) . They will point to something called the “Bank of England Nominees Limited” (BOEN) to allege that there is PROSPERITY UK » ALTERNATIVE CURRENCIES » DAVID J WESTON INTERVIEW. David, please tell us a little about yourself. Born in Plymouth, Devon, and brought up and schooled in various parts of Britain, including Scotland, I emigrated to Canada many moons ago. PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » THE PROBLEM Don’t Blame Ford, Blame the System. By Philip Snow Prosperity subscriber Philip Snow is the Editor of Granada News, the official magazine of the Ford Granada Enthusiasts’ Club. The following is a shortened version of his Autumn 2000 editorial. The Club can be contacted at 116 Whitmore Road, Hanchurch Crossroads, Staffordshire,ST5 4DG.
PROSPERITY UK » SUBSCRIBE Subscribe. Alistair McConnachie is the Editor and Publisher of Prosperity. He has degrees in Agricultural Economics, and Scots Law, and a Diploma in Legal Practice. He has been cultivating the field of Money Reform for over eighteen years. PROSPERITY UK » THE SOLUTION by Alistair McConnachie. The following was delivered by Alistair McConnachie at the Thirteenth Annual Bromsgrove Conference on 3rd Oct 2009 and was published in the October 2009 issue of Prosperity.. In this presentation I want to talk about three things: How did we get here? What are we doing about it? PROSPERITY UK » HOW MONEY IS CREATED » HOW BANKS CREATE The following has been compiled by Alistair McConnachie, from mainstream economics textbook Success in Economics by Derek Lobley B.A. (London: John Murray Publishers Ltd, 1978 edition), which was part of the “Success Studybooks” series. It was intended to be “appropriate to the Economics syllabuses of many of the professional bodies such as the Institute of Bankers”. PROSPERITY UK » THE SOLUTION Why Reforming the Way our Money is Created Holds the Key to Halting Unsustainable Growth. By Alistair McConnachie. The following is a transcript of the lecture, with the above title, given by Alistair McConnachie in the Cultivate Centre, Essex Street West, Dublin on the 3rd October 2006, as part of FEASTA’s www.feasta.org “Understanding the Economics of Sustainable Development” course. PROSPERITY UK » WHAT IS MONEY? » THOMAS EDISON ON In December 1921, the American industrialist Henry Ford and the inventor Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama. They used the opportunity to articulate at length upon their alternative money theories, which were published in 2 reports which appeared in The New York Times on December 4, 1921 and December 6, 1921. PROSPERITY UK » MONEY REFORM MISCELLANEOUS » POWER OF by Susana Piohtee This article is intended to place the topic of monetary reform within a wider context, and to uncover some spiritual and psychological root causes of a cultural status quo that embraces – celebrates even – an economy fuelled by debt and human distress. PROSPERITY UK » MONEY REFORM MISCELLANEOUS » SHEDDING SOME By Richard Greaves There is no great mystery today surrounding the Bank of England — its annual report, which anyone can obtain, contains full sets of accounts and is quite clear and explicit about its composition and functions which, incidentally, have changedsubstantially since
WWW.PROSPERITYUK.COM www.prosperityuk.com ALISTAIR MCCONNACHIE PROSPERITY UK FOR MONETARY REFORM ANDWHAT IS MONEYHOW IS IT CREATEDTHE PROBLEMTHE SOLUTIONSUBSCRIBEMONEY REFORMLINKS
About. Welcome to the website of Prosperity, a quarterly Money Reform journal published by Alistair McConnachie in Glasgow, Scotland, dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money – since January 2000. What is Money Reform? ARTICLES | PROSPERITY UK Investigating the Bank of England Nominees Limited ». The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » MONEY REFORM LINKS American Monetary Institute (AMI) The American Monetary Institute, is a foundation dedicated to the study of monetary history, monetary theory and monetary reform. The Director, Stephen Zarlenga, is the author of The Lost Science of Money. Bank of England (Creation of Currency) Bill For the first time in history, a group of people have got together and written out a draft Bill for Money Reform PROSPERITY UK » WHAT IS MONEY? By Barry Turner At its most simplistic, money is the “lubricant”, the measure of values that facilitates the free exchange of goods and services and balances out the inflexibility of simple barter. PROSPERITY UK » HOW IS IT CREATED? By Alistair McConnachie This article is intended to provide Money Reformers with important background information on the fractional reserve system – and which may help them if they have to explain it at length in any kind of public situation. PROSPERITY UK » THE PROBLEM Don’t Blame Ford, Blame the System. By Philip Snow Prosperity subscriber Philip Snow is the Editor of Granada News, the official magazine of the Ford Granada Enthusiasts’ Club. The following is a shortened version of his Autumn 2000 editorial. The Club can be contacted at 116 Whitmore Road, Hanchurch Crossroads, Staffordshire,ST5 4DG.
PROSPERITY UK » THE SOLUTION 1- Private debts e.g. mortgages, loans, overdrafts, credit-purchases. 2- Industrial and commercial debts. 3- Government “national” debts. 4- International, or “Third World” debt. Prosperity is dedicated to the proposition that the State should create a supply of debt-free money which should be spent, not lent, into the economy,either
PROSPERITY UK » MONEY REFORM MISCELLANEOUS » SEIGNIORAGE by Conall Boyle. It was J K Galbraith who said: “The process by which banks create money is so simple the mind is repelled. Where something so important is involved a deeper mystery seems only decent.” Well, it looks like the folks at the Bank of England (BoE)have done it!
PROSPERITY UK » MONEY REFORM MISCELLANEOUS » SHEDDING SOME By Richard Greaves There is no great mystery today surrounding the Bank of England — its annual report, which anyone can obtain, contains full sets of accounts and is quite clear and explicit about its composition and functions which, incidentally, have changedsubstantially since
ALISTAIR MCCONNACHIE PROSPERITY UK FOR MONETARY REFORM ANDWHAT IS MONEYHOW IS IT CREATEDTHE PROBLEMTHE SOLUTIONSUBSCRIBEMONEY REFORMLINKS
About. Welcome to the website of Prosperity, a quarterly Money Reform journal published by Alistair McConnachie in Glasgow, Scotland, dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money – since January 2000. What is Money Reform? ARTICLES | PROSPERITY UK Investigating the Bank of England Nominees Limited ». The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » MONEY REFORM LINKS American Monetary Institute (AMI) The American Monetary Institute, is a foundation dedicated to the study of monetary history, monetary theory and monetary reform. The Director, Stephen Zarlenga, is the author of The Lost Science of Money. Bank of England (Creation of Currency) Bill For the first time in history, a group of people have got together and written out a draft Bill for Money Reform PROSPERITY UK » WHAT IS MONEY? By Barry Turner At its most simplistic, money is the “lubricant”, the measure of values that facilitates the free exchange of goods and services and balances out the inflexibility of simple barter. PROSPERITY UK » HOW IS IT CREATED? By Alistair McConnachie This article is intended to provide Money Reformers with important background information on the fractional reserve system – and which may help them if they have to explain it at length in any kind of public situation. PROSPERITY UK » THE PROBLEM Don’t Blame Ford, Blame the System. By Philip Snow Prosperity subscriber Philip Snow is the Editor of Granada News, the official magazine of the Ford Granada Enthusiasts’ Club. The following is a shortened version of his Autumn 2000 editorial. The Club can be contacted at 116 Whitmore Road, Hanchurch Crossroads, Staffordshire,ST5 4DG.
PROSPERITY UK » THE SOLUTION 1- Private debts e.g. mortgages, loans, overdrafts, credit-purchases. 2- Industrial and commercial debts. 3- Government “national” debts. 4- International, or “Third World” debt. Prosperity is dedicated to the proposition that the State should create a supply of debt-free money which should be spent, not lent, into the economy,either
PROSPERITY UK » MONEY REFORM MISCELLANEOUS » SEIGNIORAGE by Conall Boyle. It was J K Galbraith who said: “The process by which banks create money is so simple the mind is repelled. Where something so important is involved a deeper mystery seems only decent.” Well, it looks like the folks at the Bank of England (BoE)have done it!
PROSPERITY UK » MONEY REFORM MISCELLANEOUS » SHEDDING SOME By Richard Greaves There is no great mystery today surrounding the Bank of England — its annual report, which anyone can obtain, contains full sets of accounts and is quite clear and explicit about its composition and functions which, incidentally, have changedsubstantially since
PROSPERITY UK » THE SOLUTION By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, PROSPERITY UK » WHAT IS MONEY? By Barry Turner At its most simplistic, money is the “lubricant”, the measure of values that facilitates the free exchange of goods and services and balances out the inflexibility of simple barter. PROSPERITY UK » PROSPERITY PUBLICATIONS FOR SALE Prosperity Publications for Sale. Prosperity Back Issues: All Back Issues are still available. Year 2000, issues 1-12 are £15 Year 2001, issues 13-24 are £15 Year 2002, issues 25-36 are £15 PROSPERITY UK » SUBSCRIBE Subscribe. Alistair McConnachie is the Editor and Publisher of Prosperity. He has degrees in Agricultural Economics, and Scots Law, and a Diploma in Legal Practice. He has been cultivating the field of Money Reform for over eighteen years. PROSPERITY UK » THE PROBLEM The following speech by the late . Lord Beswick, is reprinted in full from HANSARD, 27 November 1985, Vol. 468, Columns 935-939 where it appears under the title “Money Supply and the Private Banking System”.. HANSARD begins:. Lord Beswick rose to call attention to the statement made by the Chancellor of the Duchy of Lancaster on 23rd July 1985 that the 96.9 per cent increase in money PROSPERITY UK » THE SOLUTION by Ron Morrison. The Nation’s money comes from two primary sources, first the State which prints paper money and mints the coins (and also raises bonds) and second from the PROSPERITY UK » THE SOLUTION By Alistair McConnachie. Here is an original and innovative change in the monetary system which, if implemented, would provide significant additional financing for public investment in society, leading to social and economic benefit throughout Britain. PROSPERITY UK » MONEY REFORM MISCELLANEOUS » INVESTIGATING The following article by Alistair McConnachie appeared in the October 2011 issue of Prosperity. Occasionally we encounter people who refuse to believe the fact that the Bank of England is a fully, publicly-owned national institution, and has been since it was nationalised in 1946 (1) . They will point to something called the “Bank of England Nominees Limited” (BOEN) to allege that there is PROSPERITY UK » DEBT DRIVES GLOBALISATION » FOUR STEPS The following is from . Greg Palast’s website www.gregpalast.com An expanded American edition of his global bestseller, The Best Democracy Money Can Buy: An Investigative Reporter Exposes the Truth About Globalization, Corporate Cons and High-Finance Fraudsters, was released on 25 Feb 2003.. Bolivia is in flames, its economy shot dead. And I’ve got my hands on the murder weapon, the PROSPERITY UK » MONEY REFORM MISCELLANEOUS » BEWARE OF Above: David Weston (right) and Paul Grignon, Glasgow, Scotland, Friday 4th September 2009. Recently, Barclay’s Bank and HSBC industries announced that each had ‘made’ three thousand million pounds in a mere three months.* Home
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ABOUT
Welcome to the website of Prosperity, a quarterly Money Reform journal published by ALISTAIR MCCONNACHIE in Glasgow, Scotland, dedicated to spreading understanding about the nature of our debt-based money system, and campaigning for publicly-created debt-free money – sinceJanuary 2000.
WHAT IS MONEY REFORM? Money Reform (sometimes called, Monetary Reform) highlights the fact that our economy today is “debt-based”, meaning that virtually all money is supplied into the economy as a debt owed to the corporate banking system (the “High Street banks”). We are reliant upon this banking system for the supply of almost all our means of exchange. In Britain today, 97% of our money stock is created by this private banking system as a debt (the electronic loans you take out), while only 3% is created by the government debt-free (the cash and coins in your hand). As we explain on this website, that is both a technicalabsurdity
and a democratic offence.
As a consequence of virtually all our money coming into existence as a debt, we see the indebtedness of people, families and countries growing daily. Money Reformers believe the present debt-based system perpetrates debt slavery. We believe this debt-based system is destructive of society,
and that this debt propelled system is destructive of the environmentand the planet
. Money
Reformers believe this debt-based money supply is the big issue which governs all the issues. Money Reformers advocate that the virtual Monopoly of Money Creation must be removed from the corporate banking system and we work to establish a publicly-created supply of debt-free money created on behalf of the people,
by a public body.
This money should be spent, not lent, into society on the basis of proven need. This will gradually reduce the overall burden of debt in society, break reliance upon the private banking system for the supply of money, open potential for change, and empower peopledemocratically.
And working with others, we’ve gathered these ideas into a clear, concise and concrete solution, which we’ve put in draft legislative form, called The Bank of England (Creation of Currency) Bill. You can purchase hard copies here.
The Money Reformers’ proposal is not a left-wing, or right-wing idea. It’s just good sense! This website carries some of the articles which have appeared in back-issues of Prosperity. These articles investigate and explain the debt-based money system, and publicise the debt-free alternative. The articles are sorted into the 5 categories above. Only a minority of the articles which have appeared in our publication are on this site, and articles are only posted around 18 months (and sometimes years…we are now in our 14th year) after they have been published in our hard-copy publication. Therefore, we recommend you subscribe to Prosperity here (or send a cheque) and ensure you receive your hard-copy publication regularly. And YOU CAN PURCHASE THE ENTIRE BACK ISSUE SET OF ALISTAIR MCCONNACHIE’S PROSPERITY MONEY REFORM JOURNAL BY CLICKING HERE.
And here is a link to ALISTAIR MCCONNACHIE’S GOOGLE PROFILE.
(All written material, photographs, images, and graphics on this Website are copyright, Prosperity, unless otherwise stated.)* Tweet
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