Ambassador: Ross Ashcroft
By Exchanghibition Bank on March 15, 2012
The Exchanghibition Bank’s 2012 banknote is not just about financial exchange: In order to acquire a 2012 banknote money alone won’t be enough, our customers will also need to provide us with their Idea for Change.
For your inspiration we will regularly post the Ideas for Change of our (20)12 Ambassadors – The second Ambassador we are introducing to you: Ross Ashcroft and his idea for change in 2012. (For more info about the 2012 banknote’s philosophy please click HERE and to view Daniel Pinchbeck’s Idea for Change click HERE)
His Idea for Change:
“Give me control of a nation’s money supply, and I care not who makes its laws.”
Human progress requires reform of the monetary system. Peace and prosperity depend on long-term stability in the money supply. This means removing the right to create money from privately owned banks who are currently incentivized to expand the money supply in search of private profits.
Private money issue benefits only a small minority and leads to regular economic slumps which hit the most vulnerable hardest. Issuing new money as debt places and unnecessary and ultimately inescapable burden on the economy and society.
There is a more malevolent aspect to this draconian process. Money created by private banks is used for speculation in commodity markets – including those for food and other essentials. This disrupts the pricing mechanism and leads to poor people being priced out of the market.
The establishment of derivatives markets for speculative purposes, and the practice of ‘trading on margin’ whereby money is created purely for speculation and through which the rich extract wealth from those who create it, has no place in a civilized society.
Leaving the control of the money supply in the hands of bankers is a recipe for continued instability, conflict and economic exclusion. Amschel Rothchild’s famous 19th century quote is disturbingly relevant today: “Give me control of a nation’s money supply, and I care not who makes its laws”.
My idea is that on 12/21/12 money creation should be put in the hands of the public and any interest made out of this function be paid back to the community or nation through a citizens’ dividend.
Only by reforming the monetary system can we begin to build our economy on a solid foundation.
Ross Ashcroft is a filmmaker born in Liverpool, UK. He graduated from the Royal Agricultural College and then worked in London’s West End as an Assistant Director. He is a co-founder of the London based independent production company Motherlode. He is a Renegade Economist and director of Four Horsemen. He lives and works in London.