News & Updates

Home » Blog » Page 3

James MurrayStanley,I do not follow how you can say that a Government's continuing, rolled over debt to the banks where interest is paid regular to them, can be described as 'free'.It is anything but free and allies the banks to continue to extract massive interest payments for loans, the money fir which they b...

2 weeks ago

Stanley MulaikIn the US the Fed cannot buy US securities or give dollars it creates ('prints') from or to the Treasury directly. Everything between Fed and Treasury has to be through other intermediaries.When you say that the BoE cannot pay off the government's debt, does that mean the BoE cannot pay the Treasur...

2 weeks ago

Stanley MulaikIn the US where banks also create most of the money going into circulation, deficit spending is the way debt-free money (for all practical purposes) is created by government to compensate for deflations in the bank-lent economy. Of course the Treasury has to borrow from banks to pay for the deficit....

2 weeks ago
latest comments - view discussion

medialAxisHere's a firm (Abra) that uses bitcoin to enable the unbanked, and banked, transfer money across the world [1] (I'm posting the link in quotes in the hope it doesn't load the page linked to). It's not available in the UK yet. I guess they use tellers to enable the unbanked to access the service. I d...

last month

Vince RichardsonThanks for an interesting article.Confirms everything I have read in the last 5 years, my wife has worked for Barclays Corporate for the last 30 years and is nearing her retirement.She has seen the heyday of that kind of banking....

last month

medialAxisYes, bitcoin needs be easy to use for the general punter else it won't be used, but they don't need to understand how it works under the hood, just like they don't need to understand TCP/IP protocol on which the internet depends. They can send emails with cat pictures, even videos, attached with out...

last month
latest comments - view discussion

etniksThe key to winning this battle is UNDERSTANDING by many voters of how fraudulent the Fractional Reserve Banking System is.Nobody from any political preference wants to be taken advantage of, and the Debt-Based money system is a crook's dream to live from other people's efforts.While there are many v...

last month
latest comments - view discussion

medialAxisA really interesting (IMO) talk[1] by Simon Dixon, of BnkToTheFuture.com, on blockchain and banks. If you haven't the time, or the inclination, to view it all you can jump to 30mins to hear his predictions of how things may pan out. For instance, banks becoming more like P2P lenders but still with t...

11 hours ago

Vince RichardsonYes one gets te feeling that this is the state coming in to join the party.My guess is that they will eventually want to be the only guest,it would be hard to control the money supply if you don't control the money issue.So the likes of Bitcoin will likely be banned or restricted in some way....

last month

SimonThe commercial banks issuing credit model, to get money into the economy, is not sustainable given ageing societies, and automation. It requires growing younger populations to continue to take on more debt, to help pay for pensions and people not working. Creaking public health care, and declining s...

last month
latest comments - view discussion
d
c
back to top