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How pacifists may be funding the arms industry

arms ind

Under the current monetary system customer deposits provide banks with a cheap source of central bank reserves, which are required to make the payments to other banks that may result from the issuing of loans. (Banks acquire central bank reserves (base money) when payments are made to their customers’ bank accounts.) However, despite helping to fund the loans, depositors have no say and little idea over the use of ‘their’ money. They may therefore be unwittingly helping to fund activities that they disagree with.

Not James GreysonJames Greyson You lost me at NATO-published.It's as if you'd link to a "Monsanto-published research" in a reply to an article about the patenting of life forms....

last month

James GreysonCould be good for positive money to connect with policies on these related challenges? This NATO-published research connects policies for an ecological economy (#3), reversing the arms race (#4), and sovereign money (#7). http://blindspot.org.uk/seven-......

August 2014
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Sovereign Money will strengthen Democracy and Private Property

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Cash is disappearing. It is being replaced by electronic money which is just numbers in computers and other electronic devices. The joke is that electronic money is not legal tender. The law has been left behind by technology and up to now the politicians have omitted to extend the government’s monopoly of money to electronic money. That is no accident because the banks profit enormously from this legal loophole.

SimonI'm with the co-op. It's a good idea but probably too late-the bank is deeply mired in 'debt-restructuring' which is a euphemism for being part of the derivatives market and daisy chains of debt that spread through financial system. Unless you've got a good credit union in your area there' probab...

June 2014

dannyboySorry to hijack the comments thread... butjust a little idea - I bank with the Coop (including having a mortgage with Britannia) and they are doing their annual ethical survey thing at the moment. I took the opportunity to ask them to do the following:- Educate customers about the true nature of ba...

June 2014

SimonCarry on with the private banks debt based money system then...

June 2014
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Common sense for our times

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Slavery strikes us as abhorrent as well as illegal, it is seen as the very essence of man’s inhumanity to man. However, not many life times ago, it was part of society; it’s familiarity making a wrong seem right by its continuing presence; a serious injustice going unremarked because we are blinded by tradition. Imagine living in an age when slavery was normal- it was so much part of society and accepted by society that abolishment required men of stature and foresight. These men had to confront strong vested interests, which were supported by the religious and moral authorities of the time. What a contrast to our present age when slavery is considered, so obviously, an injustice.

Andrew Buckley“of all the many ways of organising banking, the worst is the one we have today”This is the major point. Those of us in favour of sovereign money can find common ground with the Austrians here. The way we have now (market created money backed, and propped up, by the government) is the WORST wa...

February 2014
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QuinnAs nearly everyone who has a mortgage in the UK have given Power of Attorney to the bank to create a "Note" which is in effect a "Promissory Note" which they then raise the money to pay for your house and take a charge over it and then charge you interest for risking nothing. Oh these notes are t...

December 2013
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