Peak Oil and the Bank Of Britain

The Bank of Britain and Peak Oil Transition.


Peak Oil as well all know , unless you are a member of the establishment political parties who have pulled the duvet over their heads put their fingers in their ears and are going ’La la la la la la’ in the hope that the problem will disappear, will not be solved by the present economic models.

During the transition to the Renewable Energy Economy then the existing economic system, based on credit and the petro-dollar recycling system, will not suffice.

A Bank Of Britain is required in order to create an alternative transitional economic system that will allow us to fund and create the projects we require in order to save our nation from the threat of Peak Oil and our present dependence on the globalist system.

The Bank of England can continue to exist as the main British bank in relation to the private banking system, but the Bank of Britain will be a National Bank dedicated to solving the issue of Peak Oil and allowing the nation to survive its coming threat.

For details on the issues of Peak Oil read here ;

http://leejohnbarnes.blogspot.com/2007/05/energy-economy-and-peak-oil-crash.html

http://leejohnbarnes.blogspot.com/2007/10/charles-merz-peak-oil-and.html

http://leejohnbarnes.blogspot.com/2007/05/corporate-fascism-and-oil.html

http://leejohnbarnes.blogspot.com/2007/12/peak-oil-and-world-war-3.html


I propose the following ;

1) We establish a Bank Of Britain based on the Gold Standard whose deposits and loans would be based on the gold stocks it holds. The BOB would be able to issue government backed special bonds and funds, and also be awarded special tax status so as to attract private investment, that would be used specifically to deal with the economic threats of Peak Oil that the present economic system cannot ever solve. Private business requires energy, for without energy to power the factories and employ workers then the economy dies. It is in the best interests of business that Britain create an 100 % Energy Independent renewable energy system so as to allow British industries and business to escape the threat of energy death that Peak Oil will bring.

2) The Bank Of Britain would be responsible for establishing a nationwide network of Credit Unions across the country and assisting in the formation of local currencies by loaning Credit Unions money based on the gold stocks the BOB holds. These credit unions would be owned by their members and the money made by the unions be used to assist local communities to re-localise and environmentalise their communities and create new renewable energy networks that provide locally generated food and energy to local people.

3) That the Credit Unions create localised currencies to be traded in local areas and that all profits from the Credit Unions go back into the Credit Unions and be used to fund and subsidise local environmental projects to assist local people such as Community Farms, Local Farmers Markets, local energy projects, local recycling projects, local energy production systems such as wind, solar, wave, water mills etc etc.

4) That the Bank of Britain also be used to fund the vast public works schemes we require in order to create the national environmental and renewable energy infrastructure we require in order us to escape oil dependency and to create the Energy Production Economic Model ( EDP - Energy Domestically Produced) that will be the basis of the global economic energy exchange economy of the future.

5) That the BOB funds the public works schemes such as the rejuvenated canal networks, funds the British manufacturing industries to equip and refit the re-opened British coal mines with the heavy equipment they will need to operate and to assist in making these new coal plants as clean as possible , to supply the local energy production plants with the technical equipment they will require and the heavy engineering projects required to create the Renewable Energy Economy.

6) That funds from the BOB be used to establish a network of scientific establishments around the country that are dedicated to creating clean, green new energy systems that can be used to save the planet. This technology would be patented and licensed to other nations and be given to them to use to assist them to solve their energy needs due to the Peak Oil crisis.

The Bank of Britain is the basis of the transitional economic model that we will require in order for us to escape the Peak Oil nightmare. It will allow our nation to become a world leader in renewable energy production and the heart of the global energy exchange system that will replace the present credit and oil based economic system that will be destroyed by Peak Oil.

Peak Oil need not be a nightmare if we prepare for its coming RIGHT NOW.

The Bank Of Britain will allow us to establish Britain as the centre of a whole new Industrial Revolution based on green energy production that will make Britain one of the most stable, prosperous and powerful nations in the 21st Century and beyond.

Libertarian Alliance Banking Proposals

Very interesting proposals below from the Libertarian Alliance - but wrong in parts as the US Federal Bank and Bank of England are not government banks, they are private banks who create money for their own enrichment. The Bank of England is independent, not a government bank.

http://www.save-a-patriot.org/files/view/frcourt.html

What we should do is create a Bank Of Britain which is based on the gold standard - in other words its deposits are assured by gold deposits. At the same time we can then use that bank to subsidise the credit unions we want our people to use to replace the control of the private banks and also to subsidise the public works projects we propose.

That way we create a bank we control totally whilst allowing the private banking system to destroy itself.





NEWS RELEASE FROM THE LIBERTARIAN ALLIANCE

In Association with the Libertarian International
Release Date: Friday 4th April 2008
Release Time: Immediate

Contact Details:
Dr Sean Gabb on 07956 472 199 or via sean@libertarian.co.uk
For other contact and link details, see the foot of this message
Release url: http://www.libertarian.co.uk/news/nr065.htm

Statement by the Libertarian Alliance on the Financial Crisis: Time to
Return to Gold

The Libertarian Alliance, the radical free market and civil liberties
policy institute, today issues the following statement on the present run
of crises in the financial markets. This statement is prompted by the
various calls made for closer regulation of the financial sector.
Libertarian Alliance Director, Dr Sean Gabb, says:

"The world may or may not be on the edge of financial collapse. But the
present run of banking crises is only the latest consequence of the
ending of the gold standard. Since 1914, and more particularly since
1971, the ability of governments to create unlimited amounts of fiat
money has led to bubble after bubble, each one larger than before.
Financial markets have become little more than casinos. Immense resources
have been diverted into the promotion and management of speculation. All
other economic activity has been subordinated to and therefore distorted
by such speculation.

"The latest set of problems, brought on by fooling lending on property in
America, is not a failure of the free market system. It is ultimately the
effect of government monetary policies. The answer does not lie in some
new set of regulations, which may prevent the next speculative frenzy.
The true answer lies in the return to a more sensible and more honest set
of monetary arrangements.

"We mean by this the return to a fully convertible gold standard.

"The Libertarian Alliance calls on the British Government to do the
following:

* To order the conversion of all foreign currency reserves held by in the
Bank of England into gold;

* To sell every reasonably marketable asset of the British State, to
convert the proceeds into gold, and to lodge these at the Bank of England;

* To revalue the Pound, so that all claims on the Bank of England were
equal to the gold reserve of the Bank of England:

* To impose on the Bank of England a legal obligation to pay all claims
on it in gold, on demand and without limit:

* To impose on the Bank of England an obligation to do all within its
ability, and nothing other than this, to maintain the new parity between
the Pound and gold:

* To impose on all deposit receivers operating in the United Kingdom
(unless explicitly exempted by contract) to pay all claims on them in
gold, on demand and without limit;

* To make the directors or, if they are without the jurisdiction, the
most senior management of all deposit receivers in the United Kingdom
personally responsible for any failure to make such payments:

* To impress on any foreign government or central bank that might choose
to fix a parity against the Pound that no assistance whatever would be
given to maintain such a parity.

"We note that these measures would bring about first a severe devaluation
of the Pound, and then a credit squeeze that deflated the value of real
and financial assets. But this is what we seem already to be facing. A
return to the gold standard would provide us with a stable financial
system, and would tend to protect us against future bubbles, and would
abolish the need for intrusive financial regulation.

"We also note that a fully convertible gold standard would make all money
laundering laws unenforceable, and would severely limit the ability of
the British State to finance its activities by the unlimited sale of
bonds to the banking system. We would unreservedly welcome both these
effects.

"We look forward to a Britain, and preferably a world, in which fiat
money has become as unusual as state ownership of telephone networks, and
in which paper and electronic money is a rare substitute for gold and
silver and copper coins."
END OF COPY
Note(s) to Editors

Dr Sean Gabb is the Director of the Libertarian Alliance. His latest
book, Cultural Revolution, Culture War: How Conservatives Lost England,
and How to Get It Back, may be downloaded for free from
http://tinyurl.com/34e2o3. It may also be bought. His other books are
available from Hampden Press at http://www.hampdenpress.co.uk.
He can be contacted for further comment on 07956 472 199 or by email at
sean@libertarian.co.uk

Extended Contact Details:

The Libertarian Alliance is Britain's most radical free market and civil
liberties policy institute. It has published over 700 articles, pamphlets
and books in support of freedom and against statism in all its forms.
These are freely available at http://www.libertarian.co.uk

Our postal address is

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Tel: 07956 472 199

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Sean Gabb's personal website - http://www.seangabb.co.uk - contains about
a million words of writings on themes interesting to libertarians and
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