A Letter From The Leader

The following letter was sent by Islamic Party of Britain Leader David Musa Pidcock (under a pseudonym) to the editor of the Turkish Daily News:

Dear Sir,

I read with considerable interest your Editorials of Tuesday the 15th and Thursday the 17th of October 1996.  The solution to Turkey's economic and social problems are possible, if Mrs Ciller permits herself to question her Orthodox, Western, economic training and embraces the "radical" economic options that an alliance with the Refah Party makes possible. She should agree with them to abandon the present insane practice of borrowing money at interest from private "Fractional Reserve Banks" to fund Public Sector Projects and Services. The only way to deliver true prosperity, is for the Turkish Treasury Department to extend its issue of M0 and provide all the finance it needs at zero interest and tiny cost. The Westminster government, on Mainland Britain, does finance itself to a small extent by this particular method, however, some parts of the United Kingdom fund all their Public Sector Commitments by printing their own funds and then spending them into existence at zero per-cent. The true function of taxation is not to collect revenue but to retire created money out of circulation in order to avoid inflation. As a result of following this policy the United Kingdom's governments of Guernsey and Jersey have a negative National Debt, a very low rate of personal taxation. Furthermore they have: NO VAT;  NO Death Duties; NO Corporation Tax, And remain outside the EEC.  It will be the kiss of death for Turkey, if, like the rest of us, she surrenders her national sovereignty to Brussels.

To the false, but inevitable charge by private bankers that: "this will create inflation like the Weimar Republic", and who, in all honesty, only fear the onset of involuntary euthanasia, the British Channel Islands have been running this particular model for the past 300 years, without that problem occurring  and which, for the benefit of Refah readers is  "Islamic" in principle. Furthermore, Abraham Lincoln extended it to the United States in 1865 and America enjoyed similar benefits until the Private Federal Reserve System was set up  "Contrary to the Constitution"  in 1913, since when it has become the world's greatest debtor. In 1914 David Lloyd George began to issue £500,000,000 M0, Treasury Bills called "Bradburys" and these stayed in circulation until 1928 when the private bankers objected to them on the grounds that they constituted "competition" which in their eyes is always viewed as a "Sin". To avoid the "Bosniafication of the Planet"  Turkey must reject the "advice" of the World Bank and the I.M.F (which in Africa stands for  Intimidation, Murder and Fraud), and abandon the borrowing of money at interest, and, in so doing, liberate itself and the rest of the world by setting its foot firmly on the road to real economic freedom and prosperity. The poisonous constraints imposed by World Finance through the Maastricht Treaty, which is, in reality, Germany's second Versailles will have  predictable consequences. It was Winston Churchill who let the cat out of the bag when he admitted in his Memoirs that war with Germany had little to do with its invasion of its neighbours: "The unforgivable crime of Germany, before the second world war, was her attempt to extricate its economic power from the world trading system and create its own exchange mechanism which would deny world finance its opportunity to profit."

From books as diverse as the Bible, the Qur'an, Das Kapital, and Keyne's 'General Theory of Employment, Interest and Money' it is clear that "Interest" and the private creation of money or "Rentier Capitalism"  not all Capitalism please note  is at the heart of our economic woes. Therefore, until we see our politicians addressing this particular issue, all talk of representative government and democracy is idle and futile. In England we have failed to escape for 300 years  for as the saying goes: "no matter which barty you vote for, the bankers always get in".

Let us hope that Refah, the DYP and the other Turkish Political Parties summon up the courage to confront their real enemies (and ours) before it's too late.

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