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medialAxisI guess it won't be 1st world economies that take a lead in challenging the banks (too much vested interest IMO or too much entanglement of banks with govts), which is interesting in itself (could leave the 1st world lagging behind). Not sure how S Korea's economy is classified but they're looking a...

5 hours ago

Laughing_GnomeVery good point Medial Axis. The cashless aspect had gone out of my mind. I had forgotten the hunt is on for cash and that negative interest rates are one of the likely drivers. Also getting potential visibility of all taxable activity. The reach-in and grab could also happen, but I suspect they wou...

2 days ago

medialAxisLooks like quite a few central banks are jumping on the "block chain" or at least looking to providing a Central Bank Digital Currency (CBDC) and accounts to retail customers. Some down sides might be loss of privacy, tax taken on the fly (up to you to claim it back if it's wrong) and negative inter...

2 days ago
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Vince RichardsonYes my condolences too,he was one of the few MPs who really understood how money is created and its negative effects,we have all lost a good friend and advocate....

October 2015

ConradJonesDevastating news for not only Michael Meacher's Family but to all his friends, to which he had many. To me, he was one of the best MPs in the House of Commons....

October 2015

FWHMyersI am sad that he has gone. He championed several campaigns that I support. He was a thoroughly decent human being and an honest representative....

October 2015
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Fran GriffithsIt is very important that the purely technical decision about how much money should be created to meet the government's inflation and employment targets, should not be in the direct day to day control of the government.They might well be tempted to create more money than the economy required in orde...

September 2015

lucilleLiam stated my concern exactly: "Aren't Positive Money's and Mr. Corbyn's proposals different? As I understand it, Positive Money advocates the issuing of new currency by the central bank, whilst at the same time removing from commercial banks the power to create new money when they make loans. The ...

September 2015

Diamond SteveYou state that the MPC should control how much money to create, but surely this should be a government decision. The more new money is created through PQE, the more interest rates would have to rise to stem any inflationary effects (a neat way of stopping banks printing money!), so there will be a p...

August 2015
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James MurrayWe are now watching Greece managing to promise anything to get their hands on the next tranche of their Euro-billons loan.Syriza know that the majority populace are still too afraid to leave the Euro but the previous ratio of two to one against is reducing all the time, and will continue to do so.Th...

July 2015

KeithGermany uses currencies complementary to the Euro called Regiogeld, and pegs them to the Euro. So why couldn't Greece issue a new Drachma complementary to the Euro? Germany's recent position has been "do as I say, not as I do." As for the ECB getting involved and "shutting that idea down", if tha...

July 2015

jonathanOk there's apparently a New Sunday now since the overwhelming No referendum result - a possible Grexit looms. What is the best perspective now? Still obviously speculation, of course, since nobody knows what will happen in coming weeks. (As Usual ^^) . One of saddest things here in Greece is that no...

July 2015
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