This hub is not just an inspiration by those who created it; it should be an inspiration for us all to act collectively to bring about our visions of social reform. I would like to briefly state the case for banking reform – the removal of the ball and chain which drags down the majority and empowers a minority. Our regressive banking system has become institutionalised within all the great offices of State and Education – an open acceptance by social scientists, economists and politicians that affordability is the over-arching constraint upon social progress.

Reform is not a populist movement because the beneficiaries of the banking establishment have successfully obscured their motives with layers of obfuscation and complexity - the victims’ minds numbed to alternatives. Affordability has become the sole arbiter of what society can or cannot achieve, yet it is the State which is the sole legitimate and moral source of the National Credit.

The concept of a fiat currency is the provision of an adequate and stable means of exchange unencumbered by gold, corruption, self-interest or by any other restraint which limits this basic function. To willfully restrict social investment by the State on grounds of unaffordability is to deny sustenance in the presence of plenty – it is the artifice of dominant banks, bankers and financiers Restricting the physical availability of people to work gainfully and constructively for the benefit of their community in the presence of unemployment and recession is irrational - and for this failure of understanding the price we pay is the decline and eventual failure of our society.

When an aircraft crashes & burns all flights are grounded until the black box is retrieved and any modifications completed. A financial crash is followed by a cover-up and a rush to get the same system back up and running as quickly and blamelessly as possible - with no regard to the public interest. Banking is awash with failed institutions and will remain so until we restore integrity and transparency to our banking system.

There is expertise available to researchers from sources other than the present beneficiaries of the money system – although not promoted by the established media and certainly dismissed by official Inquiries. Academia has an opportunity to challenge these restrictive practices, but are we all too comfortable in our ivory towers to make a noise?