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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...

2 hours ago
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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). ...

3 weeks ago

SimonB***** off...

3 weeks ago
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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 ...

2 weeks ago

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...

2 weeks ago

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

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.

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