tag:blogger.com,1999:blog-4104008306812776429.post4488550741597510011..comments2023-09-07T12:12:55.877+01:00Comments on WelshnotBritish.com: Congratulations Mr CymruAnonymoushttp://www.blogger.com/profile/11475962539522399975noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4104008306812776429.post-78684254023013857152012-03-25T19:08:47.152+01:002012-03-25T19:08:47.152+01:00I believe your site proposes a system where the ba...I believe your site proposes a system where the banks borrow from the government not the other way around. Which sounds perfect but are there any real world examples of countries doing this? And if not, why not?Anonymoushttps://www.blogger.com/profile/11475962539522399975noreply@blogger.comtag:blogger.com,1999:blog-4104008306812776429.post-17325608528047035832012-03-25T18:59:08.140+01:002012-03-25T18:59:08.140+01:00A couple of comments ... Wales is not poor. I'...A couple of comments ... Wales is not poor. I've traveled in sub-Sahara Africa and Central America. I witnessed real poverty face to face. I choose to call Wales my home. It's a great place, warts and all. It's not poor by a long shot.<br /><br />We are not 'subsidised' through public borrowing, neither as individuals, regions or nations. In a debt-based economy the Public Sector Borrowing Requirement (PSBR) is an essential component to keep the economy from collapsing under the ever-growing burden of debt. The PSBR is the grease to keep the debt wheels, and economy it's based on, turning. (The fact that the UK has been restricting its PSBR for years under misguided 'fiscal management' has resulted in an economic slump in comparison to other states that have a much higher PSBR to GDP.)<br /><br />Not only are we not subsidised, if you are at all in debt, regardless whether it is a mortgage, credit card, or whatever, you are a subsidiser. We supply the money and give up our freedom in return.<br /><br />There can be no independent country or people why debt slavery persists.<br /><br />BTW, the UK deficit started with the establishment of the bank of England in 1695 and has continued to grow since then, as it should, if we want to run an economy almost solely on private bank's lendings.<br /><br />With regards to the PSBR, it will continue to increase every year just to stave off economic colapse - a sad result of basing the entire money supply (98%) on interest-bearing debt. Every year the money supply will inflate and the value of the pound will decrease. This is not a 'prediction'. It's simple math. nit has to be ... unless ... we establish a sound money supply for Wales not based on debt.<br /><br />Such a simple thing to do. Don't even need 'independence' to do it. But we have to start thinking outside the debt-box. We have to start thinking outside of the single currency strait-jacket box too.(whether £ or €). <br /><br />The real question for Plaid Cymru and Leanne is this: Do we want to continue to try and patch up and work with this fraudulent mathematically suicidal debt-based monetary system? - or are we brave enough to shift the monetary paradigm?Simonhttp://freewales.orgnoreply@blogger.com