Letters
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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