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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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medialAxisYes, there are always risks in any system, that's why I'm in favour of building redundancy into whatever system we have. That tends to mean a more decentralised system than what we're used to, only I guess the powers that be won't like that as it means they have less control.Quantum will give us sec...

1 hour ago

Robert SearleThere are always risks with any system, and this will have to be carefully looked at as far as TFE is concerned. This would require consultation with relevant experts. But the whole banking system itself is also at risk in the electronic, and digital sense of the word.. Yet, it has not lead to a co...

21 hours ago

Day End SilentFrom Wikipedia -Between 1977 and 1983 May worked at the Bank of England,Did they not tell her how the system works?...

6 days ago
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Review of “The Production of Money: How to Break the Power of Bankers”

Screenshot 2017-04-14 15.02.20

Summary Ann Pettifor’s new book, The Production of Money, is an excellent contribution to the growing body of thought exposing mainstream, neoclassical economics’ poor understanding of money, banking, and finance, and how its thinking has led to a financial system that we serve, rather than one that serves us.

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...

April 2017

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...

April 2017

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...

April 2017
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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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