Readers' letters - June 4

We have a one-sided relationship with banks

Wednesday, 6th June 2018, 7:03 pm
Updated Tuesday, 19th June 2018, 6:02 pm
Do we have a one-sided relationship with banks?

Most of us have had to pay the cost of being late paying off our credit card bill at some time or another and suffered the consequences. This, even when our funds are not overdrawn, but merely due to accident or oversight. Yet our friendly bankers give us little or nothing in the way of interest on our deposits. Without which they would fail to operate. What a one-sided relationship this is. Indeed a famous person once wrote: “It is easier to rob by setting up a bank than by robbing one.” American President Thomas Jefferson also wrote: “If people of any nation ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. “The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Does any of this sound familiar? Ernest Lundyvia email

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The i newsletter cut through the noise

Don’t blame us for NHS woesRecently I have been appalled to read that there is a promoted feeling in the country that the older generation are somehow responsible for the problems in the NHS. As it was announced that taxes would have to rise dramatically to prop up the NHS, it was suggested that the ones who needed the service the most will end up paying the least.I will be 80 this year. I worked in public service for 41 years, paying my taxes, national insurance etc and was forced to spend two years in the RAF, earning £1.2s a week. I am now unable to do many of the DIY jobs I used to do, so I have to call in tradesmen. They all demand cash payments, which, they openly admit, help them avoid tax. We also read about footballers earning up to £300,000 a week and avoiding taxes by arranging to be paid through companies abroad.Blaming my generation fits in nicely with a policy of divide and rule as it deflects attention away from a lack of investment in society. A careful, deep scrutiny of the tax system, who pays and who avoids, would go a long way to solving our problems. My generation worked hard at a time when the word “pressure” was not in our vocabulary. We were often very tired but we just “got on with it”. We didn’t expect to have cars, fancy gadgets or holidays abroad and struggling along was part of a happy life. We set up the NHS, we financed it alongside council estates, public libraries, youth clubs etc and I refuse to feel guilty.Charles StubbingAddress suppliedInequality will lead to conflict

Is a meaningful human experience coming to an end for 99 per cent of humanity? For there are two determining factors here. One is the growing centralisation and consolidation of wealth in the hands of the very few and the other is the continually increasing poverty of the world population. Are humans in the future destined to become controlled living organisms for the wellbeing of the very few? For, if this is to be the case, humanity will have lost all its meaning as an intelligent species – becoming subservient to the will of an elite few, controlled by ‘their’ military through coercion of the political classes. Although this will be Orwellian in people’s minds, this position is currently in the minds as the reality of many leading futurists.When you add the wealth of the world’s billionaires (Forbes 2018) together, (around US$9.15 trillion), that could never be redistributed back to humanity. Research figures states that 5,300 million humans are living on less than US$10 a day (based on the UN Millennium Development Goals economic financial data). We are heading for a major human meltdown where conflict just to say alive will emerge. This dire human problem is growing and unless the global economic model changes, humanity may find itself extinct during the latter part of this present century through global conflict.Dr David HillCEO, World Innovation Foundation