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Sovereign Money will strengthen Democracy and Private Property

cash cards

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...

4 weeks ago

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...

4 weeks ago

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

last month
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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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Bob WelhamThere is no confusion on my part. Let's go through it step by step.If someone buys a bank’s corporate bond using an account at that same bank then he acquires an asset but loses his direct claim on the bank for money. His bank balance decreases by the purchase price of the bond. He exchanges one a...

July 2013

SpeedfriendBob, you are getting confused between what an individual bank does and what happens in the system. Claiming that an individual bank just create new money in order to buy an asset is factually incorrect. This is implying it can purchase an asset at no cost to itself, and if you believe that I suggest...

July 2013

Bob WelhamThinking on, the printing requirement post reform would have to be the full £155bn of current gilt sales rather than the £113bn CGNCR, making its inflationary effect more like 7% p.a. rather than 5% p.a.This is because ceasing government borrowing would entail forgoing the whole £155bn from the D...

July 2013
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OlliI understand how counting "climate change" to be similar to "pollution" and thus be a result of human action is trendy after 25 years of drumbeat, but there is not really any credible evidence that humans are affecting climate, at least not in the sense the politically formed IPCC/UNFCCC is claiming...

April 2013

montigueMPE would sort this, Mathmatical perfected economey...

April 2013
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