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The articles in this issue have been divided upinto the following categories







Mr. Dangoor writes to Leader of the opposition, Mr. David Cameron:

Party Politics Sans Frontieres

Labour won three consecutive general elections by adopting and following Tory policies. You now rightly wish to make radical reforms to capture the majority.

Since the end of the war the retail price index has gone up twenty times, but property prices have gone up one hundred times. Any attempt to encourage property ownership would only increase relative poverty. Any proposed distribution of wealth, must include an element of property taxation over and above council taxes. The best system to follow is that the taxation should accumulate in favour of the exchequer until the time when the property is sold which would ensure the share of the nation without requiring the owner to dispose of his property.

The other area of radical reform would be to make changes in the monetary system. Paper money is merely a promise to pay. An I-O-U is usually given by the borrower and not by the lender. Therefore, there is room for improvement by making paper money issued in the name of the consumer and not in the name of the lender or the central bank.
In other words, every citizen should be allocated a certain amount of currency at various stages of his life- when he enters university, when he starts a business, when he gets married, and when he has children. We are told that the total indebtedness of the nation amounts to hundreds of trillions of pounds, which in itself may not sound threatening, but the amount of interest that the nation has to endure amounts to hundreds of billions every year which distorts the economy and only ensures that the rich get richer and the poor continue to suffer in their poverty.
The above are not new ideas, they are eternal truths and has been my own beliefs for 75 years.
Europe is going to the dogs because it is following dangerous principles. The native population refuses to procreate, so that the influx of immigrants will one day flood the continent.

To practice what I preach, even though I'm not the government, I donated last year 1000 scholarships of £1000 each in 16 English universities. I enclose copy of a typical letter from one of the recipients showing how welcome and useful £1000 can be. I also enclose details of my scholarships as shown in the Daily Telegraph advertisement of 21.10.05

Respectfully yours,

Naim Dangoor

David Cameron writes:

Dear Mr. Dangoor

Thank you for your letter of January 12th.

I was very interested by what you had to say and will reflect further on your suggestions about the distribution of wealth and our monetary system.

Your exemplary philanthropy is also very impressive and I am sure the beneficiaries of your scholarships are most grateful to you for your generosity.

David Cameron

Mr. Dangoor:

Dear Mr Cameron

Thank you for your letter of February 7th.

I'm glad to know that you are reflecting further on my ideas. Allow me therefore to give you additional information on the subject of interest free loans.

In June 2001, at a reception at number 11 Douning Street to which I was invited, I had the opportunity to discuss at length with the Chancellor my idea of making interest free loans to certain people. His first observation was "You want me to stand the economy on its head"? to which I replied, "No Sir, I want you to stand the economy squarely on its feet". In fact, I found out that 3 months later, the Chancellor launched a scheme where by senior government employees would receive an interest free loan of up to £10,000 to assist them in acquiring a home. This scheme was expanded 3 years later by raising the amount to £30,000.

To recap: the monetary system is based on a fallacy, a confidence trick that needs to be exposed. Until the middle of the 20th century, currency was linked to precious metal, usually silver or gold. But after the 2nd world war, paper money started loosing its commodity cover and became merely a promise to pay (money was no longer a barter transaction). This has given us the opportunity to realise the 3,300 year old biblical dream of Moses. Living in the stable civilisation of ancient Egypt, Moses noted the killing power of usury. For instance, if one gold coin was deposited with a banker at a reasonable rate of 7% per annum, it would take 10 years to double, in 100 years it would become 1,000, in 200 years it would become 1,000,000 and in 1,000 years it would become an astronomical number of coins. Christianity and later Islam adopted the ban on charging interest but were unable to offer any acceptable alternative systems.

The state has a duty to make available to its citizens the medium of exchange they need to carry out their daily transactions. Some of this money can be free, some just interest-free. But it is important to point out that this citizen money can exist side by side with the traditional interest-baring money issued by the central bank.

Yours sincerely,

Naim Dangoor




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