Fair Money for Ireland

How to Repair Ireland’s Economy as if people matter.

Two Problems

• Problem 1. There is a shortage of spending power in the economy.

• Problem 2. Private Corporations have taken over our money supply.

Problem 1

• There is a shortage of spending power in the economy.

• This is primarily as a result of Problem 2.

• Note, a shortage of spending power is called Deflation.

• Ireland is in a Deflationary Depression.

Problem 2. Debt based money

• A group of persons, known as the financial sector, has taken control of the money supply and runs it as a monopoly.

• Almost all money is created by the financial sector, out of thin air, as loans.

Interest payments

• All the debt based money must be paid back to the financial sector.

• This could work in theory, except that the debt must be repaid, plus interest.

• The interest in NOT created at the time of issue of the loan, and is never created.

• Therefore we end up scrambling to repay loans PLUS interest that was never created.

• The Interest is a black hole that forces individuals and countries into bankruptcy.

A Summary...

L < L + I• Money Loaned into existence (L)

• Is Less than (<)

• Money Loaned to be “repaid” (L)

• Plus... (+)

• Interest to be “repaid” (I)

The Interest is Never Created

• Our Money is created as Loans.

• The Loans must be repaid.

• The Loans must be repaid, plus interest.

• The interest is not created with the loan.

• The interest is never created.

• Our Money system is a fraud.

Interest is a black hole

Debt Slavery

• The existance of thin air money, along with an obligation to repay non-existant interest results in debt slavery.

• The real wealth of people and the nation is put up as collateral for loans issued by the financial sector

• As the interest is never created, but must be paid to the financial sector, more and more loans go into default.

• Defaulting loans suck the real wealth of the individual and nation into the arms of the financial sector.

• Historical note. A few hundred years ago, the financial sector owned few properties. Now, the financial sector owns about 50% of the property of Ireland via mortgages.

Debt = Deflation and Poverty

What is Social Credit

• Social Credit: The term was coined by C. H. Douglas in 1917. Douglas believed that humanity had proprietary rights to all of the know-how contributed by its ancestors, over the millennia..

• He also believed that these rights entitled every individual to a dividend payment called social credit.

• Other great thinkers Like Kitson and Soddy, pointed out that interest payments on money created as debt create an intolerable burden on society, and result in poverty in the midst of plenty, as we see in Ireland today.

Relevance

• The idea of national, fiat, treasury money being introduced to the economy; not as debt-financed bank loans; but as fresh purchasing power that originates in hands of consumers; provides an answer to depressions caused by a shortage of purchasing power, of hiring power and of debt-paying power.

Freedom from Debt Slavery

• The social credit system, is intended to replace our present form of money - which is money introduced by bank loans to the household, production and government sectors.

• The goal is to have a market system where consumer demand, supplemented by social credit, is sufficient to make abundant domestic production profitable.

• Government fiat, which is distributed to everybody, eliminates deflation.

• Deflation causes economic depression.

Social Credit in Action

• With social credit, money will continue to circulate. • Money that originates as loan credit, however, must be paid back to

the financial sector - dragging interest with it.• Social credit is thin-air, fiat money which the government

authorizes. • It orginates exclusively in the household sector, in regular

payments. This way consumption, rather than corporate investment or government fiscal spending, is established as the mainstay of the economy.

• An economy thus funded, enjoys continuous growth.•

Social Credit in Action

Unbalanced Economy

Balance and Prosperity

Two World’s. Elite vs Us

Why the Upper Loop Loves a Deflationary Depression.

How Ireland got robbed by the Euro.

• Ireland was already overheating due to a long overdue development boom.

• Prices were kept in check by the fact that Irish banks had to use their Irish Punt reserves to fund lending. (Too costly to borrow Dmarks or Dollars).

• Then we joined the Euro.

• Suddenly, Irish banks had access to almost unlimited funds in the Euro lending markets. Financial Elite (bondholders) took a gamble on the Irish market.

• Out of control lending took place, with Irish borrowers ending up with massive debt.

• When the bubble burst, government was coerced by banks and Europe to protect banks and the financial elite at the cost of our future.

Bondholders Need More Money

Ireland’s Massive Debt

Ireland's total debt is now €663 billion!

• The interest alone on all of that debt is 33 billion per year, at just 5% interest.

• With a National Income of around €117 billion per year, it is impossible for us to ever pay even the interest.

• And also, the money to pay off that debt doesn't even exist to pay it off.

• It is pure fraud.

• (Also, bear in mind that if the total debt is €663 billion, that is €663,000million. Divide that by 4 million people, and you get €165,750 in debt per man, woman and child)

• The government is just tinkering around with the 85 billion government debt and a 20 billion budget deficit. That is pointless fiddling while ireland burns in debt.

• Any solution must deal with debt and interest and create a fair money system, to replace the enslavement to debt and interest payments that we now have.

Debt Slavery System

Interest Drain Causes Deflationary Spiral

Austerity Makes It Worse.

Interest Drain Plunders our Wealth.

National Credit / Fair Money

A Social Credit Strategy for Ireland.

• This is an outline of what we could do, right now, to create economic Democracy and Prosperity for us and our children.

1. A new currency.

• Govt to create a new currency, along lines of the Guernsey pound. to circulate at parity with Euro, and parallel with the Euro. It can be called Irish Shares, as it represents a token of each individual's share in our national wealth.

• It can be done, Guernsey has two currencies, and Switzerland has two currencies.

• Alternatively we may break entirely from the Euro, and use our strong exports to Euro zone to fund imports of important necessities like food and oil.

How to Make a currency work..

• Govt. to accept the new currency in payment of tax obligations.

• If you can use it to pay your taxes, it will immediately be widely accepted.

You get a cheque every month!

• National dividend cheque to be issued to each and every adult to stimulate Irish economy. Dividends to be guaged to national productivity by a national credit office that calculates the productive share per person and issues dividends accordingly.

• This is not social welfare. Although it will make most social welfare un-necessary.

• Your monthly dividend is your share in the productive capacity of Ireland.

• By spending this money as you see fit, you provide the money needed to buy the products and services on offer. Your spending lifts the economy.

Deflation, Inflation, Balance.

• We avoid the deflationary disaster we are in right now.

• Inflation is also avoided by issuing sufficient, but not excessive dividend cheque amounts.

• The actual amount to be issued will be a matter of trial and error. But given the massive collapse in the Irish money supply, and collapse in spending power, it will be a long time before price inflation becomes a problem.

• The effect will be immediate and beneficial as all members of society will benefit from an immediate increase in spending power.

Legal Tender.

• There may need to be some initial adjustment to cover retailers for imported products bought in Euros. It is a matter yet to be decided whether it is wisest to allow two currencies to exist in parrallel, or move entirely to Fair Punts, and use Euros only for foreign trade.

• Imports and Exports:• Essentially Ireland needs Euros for imports. Especially

food and oil. However, Ireland exports a lot of products to the Eurozone, so there is already plenty of Euros coming in to cover our imports, and this will continue.

Free and Fair MoneyMoney is our measure of purchasing power. Just like a meter is a measure of distance. We should not let foreign bankers force us to use their measure, and charge us for it.We can make our own money, and not charge ourselves to have it and use it.

Money is just a token system to measure real wealth.If we allow any group to monopolise that token system, they will use interest charges to plunder our wealth and turn us into debt slaves. That is modern banking.To get free of Debt Slavery, we need to recognise what is happening, and then decide to create a new Fair Money system.

End National Debt!

• End all government borrowing, and end all government and bank bailout payments immediately, pending re-negotiation.

• Governments should never borrow, especially not from private banks charging interest.

• Government spending to be balanced against tax receipts.

• Government must spend what it takes in, and no more.

• During transition Government may borrow from National Credit office. (Emergency cover only).

• In general, National credit goes to households, not to a bloated government sector.

Take back our Property.

• 6.Re-negotiate all previous give-aways of natural resources, with proper reward to the nation along the Norwegian model.

• If you want to take oil from Norway, you have to give the Norwegian people 50% of the profit.

• If you want to take oil and gas from the vast untapped fields off the coast of Ireland, there is no charge, no profit share.

• How long are we going to be so stupid.• If we are getting nothing for it, we may as well leave it in the ground, until

someone is prepared to pay for it.• The current contracts are a fraud against us. Fraud nullifies all contracts.

Fair Money For IrelandWhy should we pay interest for money tokens?Money is a token system that we use to exchange real goods and services.That is all.There is no need for us to hand over our real wealth to private corporations in exchange for them issuing an insuficient amount of money tokens.We can do this ourselves, and at no charge.The issue of money as debt is only one way to put money into circulation. And it involves usury (payment for use). This ruins the Nation by draining our wealth into a few hands via interest payments.The alternative is to issue the money ourselves, debt free, and interest free.

How to Deal with EU and IMF

• EU and IMF pressure to be avoided by making new currency available thus avoiding the "no money in the atm" scare tactics.

• From the very beginning in 2008 the empty ATMs picture has been used to control us with fear.

• By having our own currency in the ATMs, and a cheque delivered to every adult, we can stare down the EU and IMF.

• By having the audacity to desire economic democracy and fairness, we can expect the EU/IMF/ECB troika to be enraged. We will be exposing their house of cards.

• But as long as we have our own currency to circulate, there is little to fear.

• They will cut off our supply of loans with which we have been repaying their buddies, the bondholders, and paying off other interest bearing debt. But we won't need to do that any more either...

Who should we look after, our children or the banks?

An End to Mortgage Misery

• 8.All mortgages to be repaid on a principal only basis, pending full re-negotiation of the household debt crisis.

• Fraud nullifies all contracts.

• Debt based monetary systems, where interest is owed, but does not exist, are actually a fraud.

• How can you owe something that does not exist?

• Remember, we own most of our banks.

• We can instruct our banks to repay their debts on a principal only basis.

• The international banks may retaliate by with-holding future loans, but we don’t need those anyway.

National Debt Solution

• Ireland's National Debt has arisen due to a fraudulent financial kleptocracy (Rule by thieves). Fraud nullifies all contracts. We do not owe a debt that arises from fraud. Ireland's National Debt is to be put on hold. No interest to be paid whatsoever.

• Non-existent money cannot be repaid! The principal amount can be dealt with by negotiation.

Direct Democracy

Direct Democracy frees us from the sham democracy of party politics.

Meaningful local elections.

Citizen initiative on referenda.

You get to influence policy.

Do you want to be a no-body in a European Superstate, or a somebody in an

Independent and Sovereign Ireland.

What can we do now?

• The solution is in our hands. We can:• Individually: Admit we have been debt slaves.

Repudiate fraudulent debt. Speak out. Inform others.

• Locally: Create local currencies, debt free, interest free money. Street Co-Ops.

• Nationally: Put pressure on government to introduce debt free, interest free money. Repudiate the National Debt Fraud.

What is a Street Co-Op?

• Everyone lives in a Street, a Road, or a Block. • Each one can be a community, and a basis for local action to

create Fair Money.• A Street Co-Op is open for all to join.• It can share ideas and expertise for residents to grow food.• Food, Services, and other items can be traded on the street

using Debt Free, Interest Free, Street Money.• If Every Street denominates in Euros, then trade can occur

between streets, very simply.• Street Co-ops could be a good way for us to engage with one

another and create the social awareness we need in order to end debt slavery.

How Long Would This Take?• With sufficient public support, the above measures could be implemented within a few months.• It is a matter of printing and distributing currency, and stopping the payment of fraudulent

debts and interest charges.

• However, public support is currently missing, due to X-factor. We are ignoring the problem, hoping it will go away, but it won't. Thus we are giving up our only advantage, which is numbers. The Kleptocrats (Ruling thieves) have control over finance, politics, international institutions, and media corporations.

• The only thing they fear is that the general people wake up to the fact that they are being robbed, and that the general people stand up and say “no more”. However, it is up to each and every person to do so.

• In the next year, we have a choice. • Pay another 33 billion euros in interest payments, and be further in debt, and at the mercy of

financial loan-sharks who are circling our nation waiting to devour our resources and our future.

• Or we can create our own currency and lead the world in the move to Fair Money and Fair Play.

• It is up to us at this historical time.

Contacts

• Network now: See: Free Money Ireland on Facebook.

• Contact the Author: Cathal Spelman at:• Cathal@realhealthylifestyle.com• 085 125 4296• We must act. If we don’t act, the

problem will persist. There is never a better time to begin than NOW.