"We've got a problem at the moment with the economy. We've got to explain to people what's been happening."

Our Mr Brown is in America, and I notice from this story:



that he expressed the sentiment: "We've got a problem at the moment with the economy. We've got to explain to people what's been happening."

So, I'm looking forward to him coming home and explaining to us all how banks have been allowed, by governments, to conjure up money out of debt. Because, as Paul Grignon's 47-minute animated presentation of "Money as Debt" brilliantly explains, banks have been creating new money out of debt in exponential multiples.

I wonder if Gordon Brown is about to have a Patman moment.

"I have never yet had anyone who could, through the use of logic and reason, justify the .. government borrowing the use of its own money. .. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the [government] for sitting idly by and permitting such an idiotic system to continue."

- Wright Patman: Democratic Congressman, 1928 - 1976. Chairman, Committee on Banking and Currency, 1963 - 1975.

During which he explains to us precisely why, in this 'credit crunch' climate, we're all having offers of more loans and credit cards pushed onto us at an even faster rate than ever before.