Like Lincoln’s Greenbacks and money issued by Australia’s Government owned bank the Commonwealth Bank of Australia under the management of Sir Dennison Miller the “Bradbury Pound” was money issued without debt for the benifit of the People. In particular listen to what the speaker says about the backing for the Bradbury Pound and compare it with the following quote from Sir Dennison Miller in the Australian Press of July 7, 1921:-
“The whole of the resources of Australia are at the back of this bank, and so strong as this continent is, so strong is this Commonwealth Bank. Whatever the Australian people can intelligently conceive in their minds and will loyally support, that can be done.”
In other words, that which is physically possible can be made financially possible by a people’s government owned bank.
John Woodward
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