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Fran GriffithsGood to hear from you Mark. Yes that is true, but if we had central bank issued public money, (digital cash), we would all have access to debt free money even if we chose not to use a local currency. ...

2 days ago

Mark KerridgeHi Fran, the bristol pound is 100% backed by sterling ( which is obviously 97% bank credit at the present time ). However, the BP, and any other local currency, could just as easily be backed by central bank created money. It dosensn't follow that local currencies have to be depandant on debt based ...

3 days ago

SvenAERTS228Doubts about its scalability? CDM projects have been going on in just about every country on the planet and catalised about 2 Trillion euro in green projects reducing CO2e. Pretty good start and scaling up? It just brought back the power of printing money into the hands of the poor and those who kn...

5 days ago
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A History of Sovereign Money Proposals from Patrizio Laina

Screenshot 2015-10-25 08.10.25

Patrizio Laina, a PhD candidate at the University of Helsinki, has written a short but very comprehensive overview of the history of proposals to take the power to create money away from banks. Laina traces the ideas back right to the 1830s, and ends with the proposals of Positive Money and Martin Wolf in 2015. This is one of the best overviews that I've seen of the history of these ideas, and well worth a read. (It's in plain English). The full paper is well worth reading. Introduction:   "[Full reserve banking, i.e. preventing banks from creating money] has been proposed and even implemented as a solution to financial instability a number of times in the past. Thus, the idea of monetary reform should be seen as a historical continuum. In the UK the Bank Charter Act of 1844 prohibited private money creation through fractional-reserve banking by requiring that bank notes (which were the prevailing means of payment) should be fully-backed by government money. The National Acts of 1863 and 1864 achieved the same goal in the US.

Big banks win in UK Competition inquiry

CMA Competition and Markets Authority Inquiry

The UK’s Competition and Markets Authority (CMA) has been investigating the low level of competition between banks in the UK. They released their provisional findings today, but backed away from any measures that would enable true competition. As we warned in our initial submission to the Commission, it’s an illusion to think that switching between four large and almost identical banks is true competition. We argued that there’s much greater chance of real competition if tech firms are allowed to compete with banks to provide current accounts to individuals and businesses. But the CMA’s recommendations do nothing to enable that.

Phil TI see another barrier: how would such a new startup make money to cover their costs and return a profit?...

October 2015
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Barney RubbleDo I need to cite the BOE report that shows how BOE reinforces inequality?If you read the whole sentence you cited, and dont take it out of context then you will see what I mean."Whereas Quantitative Easing involved creating hundreds of billions of pounds (or dollars or euros) and putting that money...

October 2015

marcel tjoeng'and we need to relearn how to share, be sparing, sometimes even do without for the greater good.'The new meme, the concept, that could and should replace the ill-reputed 'GDP growth' meme is a quality-of-life model.A healthy or rather an appropriately retained environment provides value that equall...

October 2015

marcel tjoeng(wrong place)...

October 2015
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November 2015

Earl HarperYou are just a fucking mockingbird ! @#$%#...

November 2015

KarenHudeshttp://www.kahudes.net/wp-cont...http://www.ntu.org/governmentb......

November 2015
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