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Mr WakefieldHOW MUCH LOAN DO YOU NEED? APPLY NOWDo you need a loan to start a business we are here to help you We offer loan at a very low percent rate of 2%Contact us today for your loanEmail: unitedcapital10@gmail.comNaylor’s of Wakefield97 Bridge Rd, Homburg, WakefieldWF4 5NN...

Yesterday

RJSince 2010 we’ve been working to raise awareness of the fact that the same banks that caused the financial crisis currently create 97% of the money in our economy and decide where that money goes.Yes agree (but surely its 100%. Bank notes are just a token for bank credit. Credit must come first). ...

3 days ago

SimonB***** off...

1 weeks ago
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SimonRead the web site properly and you will get a better understanding of the proposed solution. It is different to what happens now....

21 hours ago

RJThey suggest that central banks should write a cheque to every household instead of pursuing policies that ramp up asset prices and make the financial system less stable (or, if they wanted to tackle growing inequality, just to the poorest 80% of households).What is being proposed by the above? Our ...

3 days ago

Leah HMoney for The People should not allowed to be generated by those with agendas like Governments....instead it should be generated locally by those chosen from and by their communities who also have oversight. Comprehensive Unconditional Basic Income, that covers all necessary costs of Life. The HAV...

2 weeks ago
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Definancialisation: A democratic reformation of finance (IPPR report)

IPPR

IPPR, the Institute for Public Policy Research, one of the UK’s leading thinktanks, published new report this week. In this report they argue for structural reform to address the deeper institutional arrangements that underpin financialisation and call for establishment of an in-depth parliamentary commission to investigate the role of money and credit within the economy.

Financial reform: Call to arms (Financial Times)

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"Post-crisis efforts to bolster economies and create safer banks have only preserved a flawed system.", according to the Financial Times' chief economics commentator Martin Wolf in his article"Financial reform: Call to arms" Martin's article highlights the fact that relying on banks to create our money will guarantee a boom-and-bust economy. As he suggests, returning the power to create money to the state - under strict controls and in a transparent way - could give us a more stable economy that is less reliant on debt. Here's a short extract:

Marco SabaHistory as seen by a Monetary Economist is a continuous struggle between producers and non-producers, and those who try to make a living inserting a false system of book-keeping between the producers and their just recompense. - Ezra Pound...

6 days ago
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State issued digital currency in Ecuador?

ecuador

The BBC published an article on Saturday "Ecuador gives details of new digital currency" reporting that the Central Bank of Ecuador was to issue a digital currency. The story apparently originated with the New Delhi Television (NDTV) technology team, to which the BBC provides a link. The BBC report is largely a rewrite of the NDTV article but claims that the money is to be used to pay civil servants, which is flatly contradicted by the NDTV article, and which apparently comes from an August 24th piece in the Wall Street Journal attacking the plan. The official currency of Ecuador is the US dollar with coins denominated in fractions of a dollar issued by the Central Bank and The WSJ article labelled the proposals "an escape hatch to get out of dollarization."

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