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RJDeposits by customers are a bank liability. Its a customer asset held at the bank. But from the banks viewpoint its a liability and can not back anything.This liability held by the bank MUST be backed by an equal asset held by the bank. Either central bank reserves (a bank asset, central bank liabil...

6 hours ago

Malcolm DonaldSent a letter to my MP ( Mike Thornton - Eastleigh ) a month ago with the specific question - Do you agree that the UK money supply should be democratised?Had his reply to today:i am aware that most money in the UK is held as electronic deposits and that very little of the actual money in the econom...

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