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solutreanRJ. Should not your first paragraph regarding what the banks do read. “They create new money when people 'BORROW' money?” The loan is an asset of the bank and a liability of the 'borrower'. The money that is created is a liability of the bank and an asset of the 'borrower'....

Yesterday

RJInteresting book. But what put me off reading it was this"Fiscal policy does not in itself result in an expansion of the money supply. Indeed, the government has in practice no direct involvement in the money creation and allocation process. This is little known, but has an important impact on the e...

3 weeks ago

RJThanks for posting this. Interesting is the point about notes being a liability of the central bank (page 2). Notes then are not debt free. Notes have value only because they are backed by the Govt. And can be used to pay tax.Re ignorance. I gave examples of this. I did not include anything about US...

3 weeks ago
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RJSorry but this statement is not correct. Coins have a liability just like notes.The liability - the Govt will accept these coins back for the payment of taxes or bond purchases. There si no such thing as debt free money. I think PM means no interest debt free money. The debt exists (as Govt debt) b...

2 weeks ago

being DUNthe debt was never paid but tranfered to another company of a group of companies belonging to the same company. UK goverment should be accountable for the part they played to cover the fraud in the USA.....

3 weeks ago

GWHodgsonThe question was about coins, not banknotes.The government could buy goods and services using freshly minted coins. The only obligation (liability) it would incur by doing so would be to refrain from seizing more goods for non-payment of taxes when these coins are returned. Instead, it choses to iss...

3 weeks ago
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mr richardmorgan credits is a Loan lender Company and we give out Loan to serious minded and honest applicants who are in need of loan. There is No Credit Check or Upfront Fees, Annual percentage Rate is 5%Maximum Loan time is 8 years.No Collateral but your Name and Address will be verified.Have you been turn...

2 weeks ago

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). ...

last month

SimonB***** off...

last month
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solutreanUnder the PM proposals, the money would be ‘generated’ by an independent body (the monetary creation committee) who would use inflation figures as their benchmark.The government would then spend the money into the economy in accordance with their manifesto promises.One of their spending options ...

last month

RJI have. But there is no such thing as debt free moneyMoney is a financial asset. Its created by millions of journal entry. The assets (DR) is always supported by a matching debt (CR)Debits and credits are like night and day. Its a reality of the world we live in. Its a fear of Govt debt not the mon...

last month

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

last month
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