Letter: Money is just numbers

Last updated 15:42 11/12/2012

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OPINION: Free trade sounds like a good idea, but is a pipe-dream.

We can never have free trade while we pay so much for the means of exchange.

Private banks create 98 per cent of our money as debt. We pay billions in interest, on something that they create from nothing.

And, in the end, we must repay every last cent to the banks who claim to own it. No wonder we're slaves to debt.

Our money must not be created and controlled for the power and profit of privileged interests.

The Government can, should and must create our nation's money for the good of all.

It has been done before, with outstanding success. American presidents Benjamin Franklin, Andrew Jackson and Abraham Lincoln all did it, and fought for the right to do it.

The old State Advances Corporation did it, and helped make New Zealand one of the world's richest nations in the 1950s and 1960s.

It's not hard. Money is just numbers. Free money, and then perhaps we can start talking about free trade.

IAN SHEEN

Te Horo Beach

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- The Dominion Post

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