Our new poll results reveal that only 1 in every 10 MPs understands that approx. 97% of our money is created by the same commercial banks that caused the financial crisis. Until they understand this, they’ll never understand problems like debt, inequality and unaffordable housing.
Get your MP to do at least one (preferably all) of the following:
- acknowledge that there is a problem with the current money system;
- acknowledge that in order to overcome the present municipal debt crisis and budget cuts in your city, he could start a legislative process to establish a municipal public bank in the same way as the City of Toronto: ccc4mr.wordpress.com/toronto-public-bank/
- commit to attend a backbench debate on the subject;
- ask a question in the House of Commons. It is important to start a parliamentary debate on the subject of monetary reform in Canada, and specifically on the creation of publicly-owned municipal and provincial government banks: ccc4mr.wordpress.com/ontario-public-bank/. On Thursday, 20th of November 2014, for the first time in 170 years, UK Parliament debated the creation of money:
Most MPs will not be aware of the fact that money is created by private banks in an unconstrained, unrestricted way. Even many professional economists do not fully understand the way in which the banking sector operates, or how banks receive massive subsidies and benefits as a result of the way they do business.
DO YOU KNOW WHERE MONEY COMES FROM?
- Please, read this booklet to find out. Once you understand it, you will demand immediate termination of privately-owned banks’ monopoly to conjure new money out of thin air in Canada. Please, share this booklet with your MP.
“Commercial banks have the power to create credit—that is, money—by expanding their balance sheets. It is not widely understood how important this power is: of the money presently in circulation in the UK economy today, approx. 3 percent was originally printed by the central bank as cash, and about 97 percent was created as electronic loan entries. This financial alchemy is an unnecessary extraordinary privilege, which we, as citizens and taxpayers, could and should stop underwriting.”
— Jesse Norman, Conservative MP, “The Case for Real Capitalism”
“One of these radical ideas was proposed by Martin Wolf in the Financial Times. He suggests stripping private banks of their remarkable power to create money out of thin air. Simply by issuing credit, they spawn between 95% and 97% of the money supply. If the state were to assert a monopoly on money creation [via public central bank], government could increase their money supply without increasing debt. Seigniorage (the difference between the cost of producing money and its value) would accrue to the state, adding billions to national coffers. Private commercial banks would be reduced to being servants, not masters, of economy.” — George Monbiot theguardian.com
William Lyon Mackenzie King had once said: “Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”
How to contact your MP
Identify your MP by typing in your postcode: elections.ca
- Meet them in person (most effective!);
- Write a letter (quite effective);
- Send an email (slightly less effective than a posted letter).
Find out about your MP
The more you know about your local representative the better able you will be to approach him/her effectively.
Meet Your MP in Person
As a Canadian citizen you have a right to meet your MP in person. Most MPs hold ‘constituency surgeries’ at least once a month, usually on a Friday.
Here is a step-by-step process for meeting your MP:
- Give the constituency office a call to request an appointment at the next MP’s surgery. Make sure you get the details for when and where the surgery will be, what time your appointment is, and how long your meeting will be (10 minutes is typical).
- Prepare a rough outline of what you want to say. You don’t need to prepare too much, as you will only have a short time with them, and you don’t need to be an expert on all the issues.
Some ideas for your meeting:
Take your laptop, and play this video by Victoria Grant:
You could download the video to your laptop, so that you will not need to find an internet connection later.
Inform your MP that in order to overcome the present municipal debt crisis and budget cuts in your city, he could start a legislative process to establish a municipal public bank in the same way as the City of Toronto: ccc4mr.wordpress.com/toronto-public-bank/
“Forming a provincial, regional, or municipal public bank need not be slow nor expensive. An online bank could be run out of a municipal Treasurer’s office and operational in a few months. And the bank could be turning a profit immediately without spending the local government’s own revenues,” says Ellen Brown of publicbankinginstitute.org.
Writing to Your MP
Meeting your MP in person is by far the most effective thing to do, but if you can’t do that, then a letter, written and posted to your MP, can be quite effective.
- Write your letter following the guidelines below and template letter available here, and then send it to your MP.
- Please, let us know when you receive a response, and if you can, email us a scan of it, or forward their email reply to: email@example.com
Email your MP
Follow all the advice given under ‘Writing to Your MP’ above and the templates below, but send it via email rather than letter. You can find your MP’s email address by entering your postcode: elections.ca
- Write your email following the guidelines below and template letter and then send it to your MP.
- Please let us know when you receive a response, and send a copy to: firstname.lastname@example.org
Guidelines for Letters/Emails
Be polite! Don’t be rude, don’t shout and don’t insult the MP. Many MPs receive angry letters from constituents, but if you start by insulting your MP, she is unlikely to want to help you.
Don’t be over dramatic. Stay calm and rational. Don’t rant about her party’s policies, track records. Just stick to the point. Consider these words of advice from an MP who actually does understand the issue: “Keep it short. All MPs are busy. Don’t tell them you’ll never vote for them again! If you already said you’ll never vote for them, then why would they want to spend time and energy listening to you?”
———- Forwarded message ———-
From: Prime Minister/Premier Ministre <PM@pm.gc.ca>
Date: Wed, Feb 25, 2015 at 1:19 PM
Subject: Office of the Prime Minister / Cabinet du Premier ministre
To: Dr. Agatha Lorentz-Ferenstein <email@example.com>
Cc: The Honourable Joe Oliver <firstname.lastname@example.org>
Dear Dr. Lorentz-Ferenstein :
Thank you for your recent e-mail addressed to the Prime Minister Steven Harper regarding Canada’s monetary policy.
Please be assured that your comments have been carefully reviewed. I have taken the liberty of forwarding your message to the Honourable Joe Oliver, Minister of Finance, for his information. I am certain that the Minister will also appreciate receiving your views.
Once again, thank you for writing to the Prime Minister.
Executive Correspondence Officer
for the Prime Minister’s Office
Agent de correspondance de la haute direction
pour le Cabinet du Premier ministre