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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...

October 2014

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.....

October 2014

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...

October 2014
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2 weeks ago

Fred PetersonHello dear applicantI am Mr. Fred Peterson by name and i am the owner of Fred Peterson World Loan worldwide. In honor of my great doings, I'll like you to know that i give out all kind of loan you could ever think of in just a low interest rate of 3%.Hurry up now and apply for your urgent loan so th...

3 weeks ago

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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 ...

September 2014

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...

September 2014

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

September 2014
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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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