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Archive for 2012

A lot has happened…

With 2012 almost over, we want to give you a roundup of what has happened this year. It has been a busy year for the Positive Money campaign, a lot has happened during the past 12 months, so here is a brief run down:

SimonThe best way is to pay back existing debts by issuing more debt free money (without causing inflation), then prevent the banks creating more debt money in the future....

December 2012

LincolnI agree with your comment Barry.One way of looking at it is looking a the so called “money supply”. 97% of it consists of banks debt to customers (all banks accounts are the banks debt to customers that the customer can claim by withdrawing cash from for instance a ATM machine).So in the present...

December 2012

barrycooperBen, what's wrong with a Jubilee? Why not eradicate all debt? In your plan, existing debt is paid off in a way which will be patently deflationary. Deflation, when considerable private or public debt is present, is economically catastrophic. That is what started the Great Depression. Both the e...

December 2012
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A return to Sovereign Money?

If someone told you that the vast majority of the US’s private and public debts could be wiped out via a fairly painless piece of legislation which would simultaneously create a 10% increase in output, remove instability and taxpayer risk from the financial system and stabilize prices, you would probably laugh and tell them to read some economics.

Ralph MusgraveI agree with most of Josh’s article. A few points where I disagree are as follows.I don’t agree that the state accepts private bank created money in payment of taxes. You can of course send a cheque drawn on Lloyds, Barclays, etc to HMRC as payment for what you owe HMRC, but HMRC will then in ef...

December 2012

LincolnThanks!There's a lot of phrases and statements that you actually can peal off and/or totally bypass.The statement:“These deposits are for all intents and purposes money because they are accepted by the state to pay for taxes and thus accepted by everyone elseis misleading in another sense then I p...

December 2012

Kamil PachalkoHi Lincoln, thanks for the comment, it did help move my understanding forward by sticking to commonly understood terms, "assets, liabilities" is accountants speak....

December 2012
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mike creesWith the latest " miss selling" saga to hit the banks ...surly enough is enough ,and whole banking sector should be broken up and much smaller community banks introduced to make investment within communities ,and serve the community...

January 2013

DozyHoleMore definitive proof that the debtors are mostly always being taken advantage of.There are supporters of the current system that claim that money has always been debt and can't be created any other way, they argue that it does not matter that some people currently owe while others are owed. This ar...

December 2012
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