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How pacifists may be funding the arms industry

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Under the current monetary system customer deposits provide banks with a cheap source of central bank reserves, which are required to make the payments to other banks that may result from the issuing of loans. (Banks acquire central bank reserves (base money) when payments are made to their customers’ bank accounts.) However, despite helping to fund the loans, depositors have no say and little idea over the use of ‘their’ money. They may therefore be unwittingly helping to fund activities that they disagree with.

Not James GreysonJames Greyson You lost me at NATO-published.It's as if you'd link to a "Monsanto-published research" in a reply to an article about the patenting of life forms....


James GreysonCould be good for positive money to connect with policies on these related challenges? This NATO-published research connects policies for an ecological economy (#3), reversing the arms race (#4), and sovereign money (#7).

3 days ago
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sacicrIt would seem to me that banks could sue governments for creating debt free currency - because it would crowd out their credit creation, and if government went as far as introducing Positive Money's proposals fully,it would have a devastating effect on their enormous profits.They would definitely s...

5 days ago

Sanjay MittalTTIP might actually BENEFIT those of us campaigning for full reserve banking. Reason is that the existing or fractional reserve banking system cannot do without subsidies and state support. Witness the TRILLIONS OF DOLLARS of public money that had to be used to support that system over recent years....

5 days ago

Robert SearleWith Transfinancial Economics (notably in its Advanced Stage) it would be possible to reform Multi-National Corporations in ways that would make them more environmentally friendly , and more sustainable, and socially ethical as never before. This process would involve the digital creation, and trans...

6 days ago
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Ian CoxThis is what I have been told;'It is not true as your email suggests that it is only banks that create credit - the FPC of the Bank of England sets interest rates which in turn have a profound influence on the money supply and credit. Also I think the point about the amount of physical currency in c...


Gregory SchoenmakersPresumably PM classifies the nationally owned Bank of England as part of the private banking system rather than part of the government. The fact is that when a central bank buys government securities, it creates money to do so which is not the same as bank created credit.I'm not sure how it works wi...

3 days ago

bankster01There is a period of time when the repayment will reduce both sides of the bank's balance sheet, money is destroyed, and money has been taken from the economy to repay the loan if it is someone like me paying down a mortgage for example. Most banks were told to reduce their balance sheets after the ...

5 days ago
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