#G338* – BankofEnglandAct.co.uk – Call4Reform – Douglas Carsdale MP + THE Petition


Douglas Carswell MP leads the way on monetary reform
Dear Greg,

This Wednesday, Douglas Carswell MP (Conservative, Clacton) will introduce legislation into the UK parliament that takes the first step towards ending fractional reserve banking. As Steve Baker MP describes:

Douglas‘s Bill would assert property rights over demand deposits. Real savings – term deposits – would be loaned to entrepreneurs, delivering an economy built on save and invest.

This would have the effect of making fractional reserve banking impossible, requiring a shift to full-reserve banking (where the bank either lends your money, or keeps it safe, but doesn’t claim to do both at the same time!). In plain English, it would stop private banks being able to create money as debt.

Steve Baker MP explains this in further detail here:


Once Douglas Carswell has made his presentation in the House of Commons this Wednesday, I’ll send you the full text of the speech, and hopefully the video, along with some ways that we can support this move.

We’ll have further news in the next few days as well.

Ben Dyson, on behalf of the Bank of England Act team

However my comment to them is a first stepping stone – without leaving the EU our Government in Brussels will never permit Britain to enact law as the new Constitution Lisbon Treaty states.

Let us hope Call4Reform accept that or they are misleading their supporters.

Here was my comment:


on a completely cross party basis founded on irrefutable logic – there is absolutely no reform of any consequence that will materially alterANYTHING of consequence, for as long as Britain is but a vassal region of the supra national EU experiment which has so clearly failed.

80% of all our laws are merely the rubber stamping of the diktat of the malign centralised dictator committee and the balance 20% must be compliant with its aims.

So until Britain is a sovereign nation again with a domestic Government elected by its own people – YOU can leap up and down all you like but you are utterly irrelevant even as an MP – MPs are merely paid a substantial sum to act as super annuated social workers and maintain the pretence of democracy.

Hence though we support your initiatives as individuals your initiative is utterly irrelevant unlessd you support our organisation at:

Although registered with The Electoral Commission as a Party ElCom are entirely in acceptance that we are NOT a party but an Alliance

Without our success you have no role in making law just more hot air – however noble the aim.


Towards the end of Leave-The-EU may we commend you keep up to date with our web site at:
Join our Forum

And read my blogs
And Richard North’s at http://EUreferendum.blogspot.com

AND Do All You Can To Help THE PETITION at:

Greg L-W.


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“In politics, stupidity is not a handicap.” Napoleon Bonaparte (1769-1821),

Greg L-W.

for all my contact details & Blogs: CLICK HERE

British Politicians with pens and treachery, in pursuit of their own agenda and greed, have done more damage to the liberty, freedoms, rights and democracy of the British peoples than any army in over 1,000 years.

The disastrous effects of British politicians selling Britain into the thrall of foreign rule by the EU for their own personal rewards has damaged the well-being of Britain more than the armies of Hitler and the Franco – German – Italian axis of 1939 – 1945.

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