My Thoughts:

We disagree with the 'there is no money' mantra.

Within a sound financial and monetary system, there need never be a shortage of money to meet society's needs.

There may be limited resources, and limited brainpower but *there need never be a shortage of money*. (Value is a different story)

In this briefing I will try to explain why:
Mrs Thatcher, whose *microeconomic* views on the economy still inform the policies of most of our political parties, gave clearest expression to the wrong and economically flawed notion that ‘there is no money’ - in the 1983 speech cited above.

David Cameron repeated that speech verbatim thirty two years later, on Monday 6th April, 2015 as part of the campaign to secure his re-election as prime minister.

“We know that there is no such thing as public money – there is only taxpayers’ money” he is reported to have said, without crediting Mrs Thatcher.

Today this assertion by both Conservative Prime Ministers sits strangely with the facts of the recent bailout of the global banking system, when the Bank of England created first, £375 billion as part of the bank bailout; and then issued another £55 billion as part of the Funding for Lending scheme.

It also sits strangely with a private banking system that ‘prints’ 95% of Britain’s money supply (by creating money ‘out of thin air’), and uses some of that money to finance government debt.

As i've explained before, Banks borrow non existant money back to us using the "Fractional System" whereby by law they are allowed to loan back every 100 dollars or Ringgits they have in their vaults by 85-90%. (Which means they simply print the illusion of money, which the central Bank of malaysia later collates and issues as BONDS or DEBTS with regular Interest payment to be purchased by others)

How they deal with the enormous amounts of new money created is by allowing INFLATION to enter the economy...which is what the Central Bank terms as the *M3 Quantitative*.

This is why we keep having long periods of low wages and high prices and short periods of normal wages and low prices (disinflation).

These are the control valves to safe guard the economy from exploding (or having BUBBLes) although categorically you can still have BUBBLEs within specific sectors ie Property, Commodities which does not effect the Main Economy.