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Sovereign money: what it is and why it matters (nef)

nef

Our monetary system isn’t working. Only around 10% of new credit creation by banks goes to productive activity.  The current ‘recovery’ is being driven by increased and unsustainable lending for household consumption and mortgage lending – writes Josh Ryan Collins, Senior Researcher at New Economics Foundation in this excellent article.

New FutureYes but you do not address anywhere the fact that Western Central banks are controlled by Private Bankers, they are not sovereign banks and the Western Corporate Governments are controlled by these banks. The following book is about the Federal Reserve Bank, https://archive.org/details... but all we...

May 2014

ScrotalyserTry to escape the system?Uncle Adolf's ran out of tanks.But the keyboard is mightier than the pen.For now....

May 2014

Sanjay MittalCushyglen,Your points are all dealt with and answered in PM literature. I suggest you read thru their book "Modernising Money"....

May 2014
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dinghttps://www.youtube.com/wat......

August 2014

jake-Public banks/investment funds with a specific mandate to lend into local economies,for productive bussinesses.They wouldn't be allowed to invest their funds into land speculation,or any other speculative actvities.Loans would be low interest,and all interest recouped would be used to finance furthe...

May 2014

Mel"...an unelected committee of men to control money supply..." Isn't that what we already have except that those we have are largely faceless, unaccountable (except to the shareholders/the haves/and the have-mores as Bush put it) and do their dealings behind closed doors in cabals whilst voting thems...

May 2014
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Audrey irvineI am confused. Banks create money. ok I get that. Shadow banks create.. money like instruments. Is the shadow banking system creating money in forms of credit? What about credit cards. What about rehypothecation? Does that increase the money supply? A video on the whether or how the Shadow Ban...

October 2015

OzziecoinIn my view, Krugman is hurting those he claims to be helping by condoning the excessive build up of leverage. The fact that he rightly identifies that leverage is a problem yet condemns 100% reserves reveals him for the kind of person he is. Should he not say that 100% reserves is only part way to f...

June 2014

OlegYes, this is different "currency" but this was not my main concern. Commercial papers or mortgage backed securities can grow without growth of bank money in demand deposits, which I mean by M1....

May 2014
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Julian JonesMolly Scott Cato, EU candidate in the South West UK region with a good chance of getting elected on 22 May, commented here:http://www.huffingtonpost.c...She has been saying this before Positive Money and really deserves our support. What do your EU candidates think?...

May 2014

therooster57NO brainer .... monetize PM's and make weight the unit of account. This can be decentralized right down to the individual because it not debt based. Pssss't .... it's already in action....

April 2014

Hector Combe PM BrisThis was my own personal response to Ann Pettifor's article:It’s not the quantity of investments that is key, but the QUALITY of them.There’s too much credit being pumped into the system at present and the banks are feeding on that supply through speculation, reckless lending, mortgages etc. The...

April 2014
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Bob WelhamAn excellent essay, Graham. I like particularly the term ‘medium of payment’ for commercialbank credit-money. It is indeed more accurate and insightful than ‘medium ofexchange’. I wish that I had used it when describing the UK two-tier moneysystem.http://www.positivemoney.or...You expose cle...

April 2014
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