Banks, and other financial services companies, may be allowed into UK schools to help teach personal finance, under proposals put forward by MPs, the Financial Times reported on 20th January 2013. Here is a short extract: Banks and bankers need to address their own educational needs before they are let anywhere near schoolchildren. Their first lesson must be on what money is and where it comes from. It’s an excellent article, it’s very much worth a read. Even the book Where does … Continue reading →

This publication by Sensible Money demonstrates the accountancy procedures by which banks create and destroy the vast majority of the Eurozone’s money. It also explains how money is transferred domestically and throughout the Eurozone as well as procedures like quantitative easing and how the ECB attempts to implement its monetary policy. It has been adapted to the euro-system from UK-specific guides on the UK monetary and banking system. Read here    Here is also a more detailed and quite technical version … Continue reading →

An article entitled “So where does money come from anyway?” written by Paul Ferguson from our sister organisation in Ireland Sensible Money was published on a national radio station’s website NewsTalk  on 4th January 2013. Here is an extract: Believe it or not, digital money comes from bank loans. Banks create the money they lend ‘by simply increasing the borrowing customer’s current account’ to quote Paul Tucker, deputy Governor of the Bank of England. As a result every digital Euro has a … Continue reading →

Legalise Freedom radio online which features interviews with some of the World’s foremost alternative thinkers and researchers has broadcasted an interview with Ben Dyson: LISTEN HERE Ben explains some of the common misconceptions that politicians and policymakers have about money and banking, he talks about the proposals of separation of retail and investment banking, about the mainstream economics, the speculations. He introduces the main points of Positive Money proposals and answers some of the objections (inflation etc.) They also discuss the gold … Continue reading →

  “We live in a world dominated by a system that most of us aren’t aware of, never mind understand. When it comes to money and how it really works, most of us are too busy, too bored or too bewildered to think about it, despite being at the sharp end of the consequences. We simply don’t recognise the game that is being played out in front of us. Well check your pockets; you’re in for a nasty shock.” Watch … Continue reading →