I REPLY to Dave Harland's letter responding to Mr Timbrell.

I found Mr Harland's remarks unnecessarily disparaging as I believe that Mr Timbrell has the gist of the situation correct.

Both letters mention our fractional reserve system of banking which allows banks to literally conjure loans and mortgages (French for death grip) out of thin air, with only a tiny fraction in reserve.

The Bank of England, though being a state bank, has its controlling subsidiary as entirely private.

The Bank of England issues a mere three per cent of our money as debt-free currency with the remaining 97 per cent issued by the private banks, as a debt-based currency.

This private bank-created currency does not serve the people but merely serves to increase the wealth of the bankers creating a situation of unaffordable housing and little liquidity put into industry.

Members of the public please ask yourselves why the Bradbury Pound was repealed – a highly successful state-issued currency which served the British people well.

For those who won't look it up, it was repealed because of pressure from the banks as they weren't making enough profit from the wars.

This is a topic crucial to be discussed and debated in a respectful manner. I would urge readers to research the works of: Joan Veon, How Central Banks Rule the World, Karen Hudes, World Bank Whistleblower, Web of Debt, Ellen Hodgeson Brown, the British Constitution Goup, Campaign to Bring back the Bradbury Pound.

­Roslyn Aubrey, Monmouth.