Parliament & Legislation

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Gregory SchoenmakersEven if the government issued the money directly, it would still be a debt for the government. The difference is that like the BoE, it wouldn't have to redeem these IOUs for anything; they just call it "legal tender". (It is different for private banks which must be willing to redeem their created b...

2 weeks ago

Gordon BrooksThat brings up the question, though: if the Bank of England is, in fact, part of the government, then why does it issue money as debt? It makes absolutely no sense for a government to sell bonds to itself....

2 weeks ago

Gregory SchoenmakersThe BoE is a nationalized central bank meaning it is part of the government. So any money owed by the government to the BoE is just money owed by one department to another. That doesn't mean that buying up bonds is a good idea. It is sending newly created money to the wrong places - the very rich....

2 weeks ago
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Shirley WardellI'm probably voting green too....

2 weeks ago

michaelAll the logic in the world will not inspire "Mainstream MP's" to do the right thing as Positive money advocates because they are all Hamstrung by the Rothschilds Grip on the Establishment . The Green Party has introduced a "Monetary Reform Policy" which echoes the spirit of "PosiitiveMoney" and ther...

August 2014

Shirley WardellIndeed Chris. It is very hard to contribute well to discussions about our economy if the basics of money are not understood....

August 2014
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PolymathPositive Money would lose all credibility if they uttered any of that. One step at a time....

Yesterday

Andrew BuckleyMoney is defined herein as that which will be accepted as a final means of payment (the most liquid of tradable financial instruments). Bank transfers comprise the majority of transactions, by volume, and are arguably faster and more convenient than using cash. But you're right; if we didn't accep...

January 2014

Andrew BuckleyIt's the interest, not the principal, that's the problem, Peterm. The interest on government debt has to be covered by the taxpayer, and the proceeds go to those who hold the government bonds (the financial sector).Commercial banks then create money by lending deposits to customers and facilitating...

January 2014
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adarcy20Dear Mr Harvey,I've only just read about the letter you sent to your M.P. and his reply.All I can say is that he must be an utter blithering idiot - pouring out the same rot that we've heard since the banking crises, without the inclusion of one - even just one - sensible and constructive remark. H...

December 2013

Tony HarveyI wrote to my MP on 5th November requesting him to sign this EDM 641 and within hours I received the following reply. It seems to me he is not looking deeply enough at the causes of the crisis and the power that 97% money creation gives the banks over the regulators and academia. But I would appreci...

November 2013
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Joe MarrCan't see how banks & politicians can gain any power or financial reward from this policy. Can it work? good luck...

July 2013
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