OCTOBER NETWORK NEWS

27.10.10

John continues his work with Simpol, still the only tool offering a strategy enabling people around the world to work together to solve urgent global problems by voting only for politicians who agree to do this.

Demanding change isn’t enough; instead Simpol adopters accept collective responsibility and use their votes in a new way to bring about real change. Read more about this here.

Endorsements for Simpol from well-known personalities – click here 

John writes: 

Simpol-UK 2010 Annual General Meeting (AGM) 

The 2010 AGM of Simpol-UK will be held in London on Saturday, 20th November at: 16 Camden Row, Blackheath, London SE3 0QA at 2.30pm. The venue is within 5 minutes walk of Blackheath rail station which is about 15 minutes by train from Charing Cross or London Bridge. 

Please put this date in your diary and let us know now if you expect to attend. We will circulate the full agenda soon.  

All Adopters can attend the AGM but only Members of Simpol-UK can vote. All UK Adopters can, for a small fee, become Members of Simpol-UK on the day or can renew their membership online now at http://www.simpol.org.uk/get-involved/membership-form 

Members may table items for discussion at the AGM so if there are any items you would like included on the Agenda, please let me know by no later than 22nd October. Members who are unable to attend the meeting may appoint another Member to act as their proxy if they wish. If this applies to you, please let John know so that suitable arrangements can be made.

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22.10.10

An Economist article reviewing the chancellor’s programme says that “the government should be bolder in redesigning the British state”.

In a comment published below the article James Robertson proposes a beneficial design – set out here. He writes:

“It would transfer to the Bank of England as a public agency the function of creating the more than 95% of the public money supply now created as interest-bearing “credit” by the commercial banks as part of their profit-making businesses. The Bank of England would then transmit it to the government as a multi-billion debt-free contribution to public revenue, to be spent into circulation as public expenditure according to normal budgetary procedures.

“This reform would yield BOTH the short-term benefit of making George Osborne’s austerity programme rather less austere and unfair, AND the long-term benefit of removing the competitive urge for commercial banks to create as much new money as they can in the boom times – “as long as the music is playing, you’ve got to get up and dance”, Chuck Prince.

“The Bank Charter Act of 1844 transferred to the Bank of England a monopoly of the banknote (credit notes) issue in England and Wales. 156 years later electronic credit should be treated that way too.

 

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19.10.10

Many readers will have satisfying memories of attending or speaking at meetings on monetary issues in the Commons and House of Lords, which were organised by Sabine McNeill, founder of the Forum for Stable Currencies. 

At one of these I sat with a sceptical young investment banker and saw him being won over by James Robertson’s presentation and – at least – agreeing with his recommendation of ensuring a ‘level playing field’ in banking.

The Forum’s chairman, MP Austin Mitchell has tabled ten Early Day Motions (EDMs), signed by almost 80 MPs. 

His latest [March 2010] is EDM 1138 on Interest Free Credit: 

That this House believes that HM Treasury should alleviate the effects of the recession and prevent the continued escalation of debt by matching the amount of money created through quantitative easing by the Bank of England with interest free cash for financing works in the public interest, thus addressing the enormous imbalance between interest bearing credit and interest free cash in the overall money supply. 

A new direction

Though Sabine is now caring for her mother in Brandenburg she has somehow found the time and energy to branch out, giving support to victims of the financial, legal and judiciary system by grouping cases in order to press for legal redress, or even changes in the law. 

The legal basis is set out in Austin Mitchell’s EDM 1297 re the ENFORCEMENT OF BANK OF ENGLAND ACT 1694: 

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties’ subjects may not be oppressed by the said corporation’, notes that those subjects have been seriously oppressed by the Bank’s failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading. 

In April 2009 at a Challenging the Recession event in the Grand Committee Room of the House of Commons some stories were recorded by Brad Meyer of Collaboration on video, which can be seen by following the next link. The morning focussed on the causes, while the afternoon gave victims a chance to tell their stories. Many found connections leading to the same solicitor or court . . . More cases were recorded at meetings in June 2009 and March 9, 2010

Sabine explains that in all these instances, Article 47 of the European Charter for Fundamental Rights is being violated by UK authorities and has sent five cases to the Fundamental Rights Agency in Vienna, asking for guidance. 

SAFE Online, the website of Struggle Against Financial Exploitation Ltd, has attracted over 60,000 visitors. SAFE members have attended Forum meetings ever since they began.                   

At the last Forum meeting MP Austin Mitchell advised the staging of a public inquiry; preparations are under way for a January meeting in the House of Lords.

  

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13.10.10 

Colin Hines continues his work as convenor of the Green New Deal Group with Larry Elliott, Tony Juniper, Jeremy Leggett, Caroline Lucas, Richard Murphy, Ann Pettifor, Charles Secrett and Andrew Simms.

Recently, Colin has been working to get private finance involved constructively with Green New Deal type initiatives particularly in Birmingham, the first local authority to set one up.

  The need for Green Quantitative Easing  . . .

  Cuts: the callous con trick . . .

  Read on . . . 

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12.10.10

The latest issue of the Co-operative News reports that Molly Scott Cato is making the case for co-operatives taking a lead in mainstreaming local food in local stores.  Speaking to the Journal of Co-operative Studies, she has argued that the current food system is insecure, causes environmental damage and could leave the country in a very vulnerable position.

She suggests that the Movement offers “an enormous resource not used as well as it could be for getting local food to local shops.”

Read on . . .

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6.10.10

George Morran builds on his wealth of experience in local government, continuing his work to ‘bring power to the people’. 

He recently submitted a response on behalf of Localise West Midlands to a House of Commons Select Committee about the Coalition Government’s decision to revoke and abolish Regional Spatial Strategies [RSS].

A few highlights are selected on the Networkers’ page and the full seven-page text is available on request. 

The report sets out the views of Localise West Midlands, a not for profit organisation which believes that economic development and government are inextricably linked and that decisions in both areas are best taken at as local a level as possible by citizens or by their democratically accountable representatives. For further information about LWM, its objectives and activities, see its website at www.localisewestmidlands.org.uk

Read more  about George’s submission here.

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