UK Parliament Debates Money Creation

UK Parliament Debates Money Creation

Further to the debate held in the UK Parliament on the 24th of November 2014 this is now an ideal opportunity for all those who are in a mindset to help correct the current money creation situation to present this to your local State and Federal members of Parliament and insist that our Parliaments start bringing in the same arguments and in particular the power that already exists in the Commonwealth Constitution sections 51(xii) (xiii) (xvi) in which to properly regulate the banking sector. The Parliaments are there to only represent the will of the constituent so go to it and start connecting.


Legislative powers of the Parliament [see Notes 10 and 11]

                   The Parliament shall, subject to this Constitution, have power to make laws for the peace, order, and good government of the Commonwealth with respect to:

 (xii)  currency, coinage, and legal tender;

                   (xiii)  banking, other than State banking; also State banking extending beyond the limits of the State concerned, the incorporation of banks, and the issue of paper money;

                   (xiv)  insurance, other than State insurance; also State insurance extending beyond the limits of the State concerned;

                    (xvi)  bills of exchange and promissory notes;