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The Money Reform Party

Star Woes


Barcla the Hoard could do nothing but accept the Aldershott shillings which, together with the Standardian dollars, were sufficient to repay the loan. His bid to acquire a cosy little planet had failed, but then the need for it had also receded.

The partial night-cloak around Tattoo One had reduced that planet's temperature and it had begun to rain like it had not rained in years. The planet became wet and comfortable again. Not only that, but the rebellion petered out as the new government-created money wiped out the Galactic Debt. Taxes were drastically cut and the new money allowed for an upsurge in economic activity as new schools, hospitals, transportation, sanitation and power systems were created to increase the real wealth of the galaxy.

The Credit Masters, shorn of their capacity to create money, remained rich and powerful as they were allowed to retain their immorally-gotten gains. They became credit brokers, accepting deposits from savers and lending out that money to borrowers, but for this they had to pay high rates of interest to attract savers and they could afford to lend money only to those who would use their loans wisely. A new culture of saving and financial prudence was born.

Most of the Credit Masters accepted this new state of affairs. For one thing, the stress and competition that had been their hallmark began to dissipate, and most even began to enjoy life again, spending time with family and friends, instead of forever striving to the be richest man in the galaxy. In so doing they shook off the power of the Source to control them.

Mark and Tamara were reconciled with their father and, after the full night-cloak had begun its transformation of baking hot Tattoo Two into a green and lush New Aldershott, they made the planet their new home.

However, some of the Credit Masters were so far consumed by the dark side of the Source, that they could not, or would not, follow this pattern. They bought the new Debt Star from Nathan West (for another theme park, he assumed). It still possessed its fully working neutron-laser, and it was set on course for New Aldershott...

Appendix 1: "Who said that?"

"In the long run, we are all dead." John Maynard Keynes, economist.

"Let me issue and control a nation's money and I care not who writes its laws." Mayer Amschel Rothschild, banker, 1790.

"I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of governments and hold in the hollow of their hand the destiny of the people." Reginald McKenna as Chairman of the Midland Bank, 1924.

"The process by which the banks create money is so simple the mind is repelled. Where something so important is involved a deeper mystery seems only decent." John Kenneth Galbraith, economist.

"Too much and too long, we seem to have surrendered community excellence and community values in the mere accumulation of material things. Our gross national product, now is over 800 billion dollars a year, but that GNP - if we should judge America by that - counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage.

"It counts special locks for our doors and the jails for those who break them. It counts the destruction of our redwoods and the loss of natural wonders in a chaotic sprawl. It counts napalm and the cost of a nuclear warhead, and armoured cars for police who fight riots in our streets. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence to sell toys to our children.

"Yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our planets; it measures everything, in short, except that which makes life worthwhile." Senator Robert F. Kennedy, the inaugural speech of his Presidential campaign, 18 March 1968, three months before his assassination.

"The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. By the adoption of these principles, the taxpayers will be saved immense sums of interest." Abraham Lincoln, President of USA 1861-5, created fiat money in the form of the ‘greenback' and was assassinated.

Appendix 2: Interest-bearing debt money on the planet Earth

During the 21st century of the Common Era, the planet Earth also had most of its money created as an interest-bearing debt, something in excess of 95% of the major currencies. This was a level that was unsustainable, in that the amount of debt-free or fiat money in circulation was insufficient to pay the interest on the debt-money. The Earth had got itself into a position of having massive debts that were serviceable only through further borrowing.

Two choices faced the Earth at this moment in its history. It could either start trading with other planets in the hope that it could off-load its debt onto them, or it could replace its debt-based money system with a fiat-based system.

At the time of writing, the adoption of a fiat-based system is not well regarded by most Earth authorities, although curiously, the Earth has yet even to make inter-planetary contact and so is yet in no position to trade off planet.

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