The global power of freemasonry - Gnostic Liberation Front

walls, roads, the new marketplace, a church and a college. These
50 000 pounds more than doubled the money supply, but there was
no inflation.
In 1914, while the British restricted their own money supply,
Guernsey issued more - another 140 000 pounds over the next four
years. By 1958, over 500 000 pounds of interest free money was in
circulation on Guernsey and still there was no inflation.
By 1990, there was a total of 6.5 million pounds in circulation
issued interest free. There was no public debt as in the rest of
Britain, which was still paying for its war debts. And yet on Guern-
sey, prosperity was very much evident everywhere (Dr Jacques S.
Jaikaran, "The Debt Virus: A Compelling Solution to the World's Debt
Problems", 1992).
This was nothing new. In 1793, Liverpool suffered from extreme
cash flow problems, and solved this by creating by an act of
Parliament some 300 000 pounds of non-repayable money, which was
used for public works with great benefit to the city and its people.
This issue of money by the Liverpool Corporation alleviated the
immediate debt crisis.
The Island of Guernsey issued its own interest free banknotes to
rebuild the economy.
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