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Archive for November, 2013

A different kind of QE – stimulus injected into the veins of the economy

'The comedian Russell Brand has stirred debate with his talk of revolution. Russell Brand is more right than wrong. Pre-revolutionary grievances are simmering in half the world, openly in France and Italy, less openly in Russia and China", reads the article in the Telegraph of 21st November 2013 entitled "There is talk of revolution in the air" by Ambrose Evans-Pritchard, International Business Editor.  

John MorrisonThe lack of familiarity with bonds is in practice a large obstacle to their acceptance in place of money. How easy it is to convert them into cash depends very much on who you are. There may even be fees to pay. I would say that is enough to distinguish them from cash. It is also entirely possible f...

December 2013

Greenbacker84When I see one of these ivory tower millionaire 'comedians' address interest free currency issued by the people (MPE) I'll sit up and take attention. So far he's done nothing to impress me whatsoever. Its another Charlie Sheen/Alex Jones circus show waiting to happen....

December 2013

PetermThey don't have different effects. An electronic bond can be changed to electronic cash in microseconds in the computer age. The only reason a corner shop wouldn't take a paper bond would be lack of familiarity. They couldn't be sure it was genuine. A $10 printed bond with a negligibly small intere...

December 2013
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Greenbacker84We could eradicate the falsified banker debts immediately with MPE and restore the issuing power to the people where it belongs.Still hoping PM address the elephant in the room.No bank is required to 'lend' us our own promissory contracts whatsoever, nor interest. Why keep pretending otherwise?...

November 2013
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PolymathPositive Money would lose all credibility if they uttered any of that. One step at a time....

October 2014

Andrew BuckleyMoney is defined herein as that which will be accepted as a final means of payment (the most liquid of tradable financial instruments). Bank transfers comprise the majority of transactions, by volume, and are arguably faster and more convenient than using cash. But you're right; if we didn't accep...

January 2014

Andrew BuckleyIt's the interest, not the principal, that's the problem, Peterm. The interest on government debt has to be covered by the taxpayer, and the proceeds go to those who hold the government bonds (the financial sector).Commercial banks then create money by lending deposits to customers and facilitating...

January 2014
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Frankenstein’s bankers – the tale every taxpayer should know (Open Democracy)

It is now 5 years since the banking crash but its effects are still with us. What exactly happened, what has the world done about it, and is there anything to stop something similar happening again?, asks Open Democracy in a really good and well referenced article on the lack of understanding of money and banking by mainstream economists.

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