Chairman's introduction: Archived 4/9/2005
Welcome to the Christian Council for Monetary
Justice web site.
Many current reports speak of our love affair with debt, others
speak of the debt time-bomb. The slightly cynical reference could
be to personal debt, corporate debt, national debt or international
debt. We contend that debt and its insidious concomitant, compound
interest, are the fundamental issues in society today. They lead
to many other grave distortions in our human communities everywhere.
In the Epiphany season, the making manifest of the significance
of the Christ event, our renewed intent to tackle debt is an underlying
theme in the pursuit of inclusive justice.
The CCMJ has been warning against escalating debt for 45 years.
We base our
concerns on research showing that our monetary system is grievously
distorted. Inclusive justice, never very extensive, is further
off than ever for the majority of people on the planet. In the
spirit of the faith we hold, we are, therefore, dedicated to the
eradication of usury, masquerading as interest.
Interest permeates the complex structures of the financial systems
upon which our way of life and death depend today. Believing that
justice is the social form of love, we contend that the way to
inclusive economic justice is simple. Only reluctance to recognise
the problem and the difficulty of generating political will to
effect change stand in our way of achieving it.
So we invite you to join us in the task of education, constructive
proposition and both incremental and radical action. CCMJ will
provide research, apposite reading, supportive evidence and consultation.
Expect to access through our members and our links ways of pursuing
such themes as:
Interest is unnecessary.
To end inflation and create wealth, State determined issuance
of interest-free (repayable and in most circumstances cancellable)
money for investment in: a) public capital projects, b)
private capital projects (if wide participation is involved and
to create an element of basic income), c) "green" technology
, d) small businesses.
In a counter-inflationary situation, debt-free money spent
into the economy to keep a stable level of prices and to provide
another element of basic income.
Among members and associates other starting points for an effective
way forward in areas appropriate to their insights and opportunites,
are explored, such as: Universal basic income
Universal capital ownership Tax Justice - abolitioning
tax havens Land Rents New forms of Open Capital
Simultaneous Policy for adopting co-operation as the ordinate
motivation of enterprise People's Pensions Student
Debt Tobin Tax Interest limits Earnings limits
Financial regulations Ethical Investment
Barter Community Currencies Time Banks - all these
are pursued as if people and sustainability mattered.
Browse within to find the pages that take you to the next step
you seek. Join us and help us to rectify the insidious distortions
in our way of life, generated by usurious money creation -
Canon Peter Challen - Chairman