Small companies’ confidence falling, warns FSB
Sharing Thomas Attwood’s concern for business and beneficial change to the monetary system, Gillian Swanson added a comment in The Telegraph today.
Read the article and her comment in full here.
Extract from comment:
When governments renege on what Abraham Lincoln called their “supreme prerogative” – their responsibility to “create, issue and circulate all the currency and credit necessary to satisfy the spending power of the government and the buying power of consumers” – and instead borrow to fill their exchequers, charging the exponentially increasing cost of servicing all this unnecessary debt to taxpayers, there is no chance of reducing the tax burden on the nation. Both the profit margins of businesses and the disposable incomes of their customers (already saddled with the unprecedented quantities of personal debt which are now necessary to keep money in circulation) suffer, as a result.
Small businesses, like everybody else (except the big corporations and financial institutions, which enjoy ready access to unwarranted sums of brand new credit, using it to speculate and acquire yet more real wealth) would benefit from reform of the present financial system, as proposed here: http://www.positivemoney.org.u…/.
To read more about the Positive Money campaign:
News of the 2011 Attwood Awards to James Robertson and James Gibb Stuart – October, Bromsgrove.