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Bank Robbery: How to change the system

monetary reform

The nature of money Essentially, money is a form of property. Your money is your money, mine is mine, otherwise money has no meaning. Money is property in the abstract. The most interesting example of money as pure property is the stone money of Yap: some large stones sank in the sea generations ago while being carried from one island to another; but they are still acknowledged as money. It is irrelevant that they are at the bottom of the sea; everyone knows who owns them. The stones are exchanged for other property – even though they sit on the seabed.

SimknFurther to previous, creating the money as a loan rather than as Sovereign money, means it is retired from the economy as loans are repaid. This would be mildly deflationary, and deflects criticism from neo liberal economists who say the policy would cause inflation. The two big issues are how much ...

2 days ago

SimonSome current criticisms of monetary reform :- Not enough credit will be created if commercial banks don't do it so there will be a recession (Anne Pettifor). This can easily be overcome if the Bank of England creates more as it knows how much is in the economy. The B of E only has the very blunt ins...

2 days ago
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Marco SabaStraight to the point. Well done !...

4 days ago
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JohnWhy are u lying ? Rich white males set up this ? It was rotchilds..u now who they are, who they belong to..certanly not white people !!!...

3 days ago

Vince RichardsonYes I agree that's why PM is campaigning to overturn a)the tools CBs can use and b)teach economic students about money creation, which is not on Economic curriculums (which IS very bizarre).So we are adressing those issues,it may be wishful thinking but my sentiment is that CB's are here to serve th...

3 days ago

medialAxisCentral banks have known for decades how our money system works and that what was being taught in colleges was contrary to reality. Anyone any idea why the central bank did not inform colleges of the disparity?Bitcoin isn't just money, that's just the first app, as they say. And not all altcoins are...

3 days ago
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robinbaldockok having read through them briefly, both of those do mention the role national investment banks could have, but that is not same is it? Labour has a proposal for national investment banks and just made huge advances in being taken seriously, maybe even having a chance at putting a govt together (u...

6 days ago

robinbaldockTheir central proposal, however, is sovereign money creation (but maybe that is what you mean by "alternatives to QE", I'll have to read): it is the core purpose of the organisation: http://positivemoney.org/ou......

6 days ago

robinbaldockthat is a far better answer. thanks, I'll check those out. I was replying to zac who seemed to be representing positive money and had nothing positive to say by the way. That is not the same as making sweeping statements; it was a direct reply to a post by a representative....

6 days ago
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