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George McCarthyThe whole Economy needs reviewing! In 1969, Corporations did deals with governments to allow 'free trade' [limit taxation] they then went and sent all their manufacturing over-seas. This was compounded in the UK, by the sale of Public Utility companies, which saw thousands lose their jobs; Ship Buil...

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GeoInterest is not a problem in a full reserve system....

6 days ago

se7ensnakesHOW THE JUDICIAL SYSTEM PROTECTS BANK COUNTERFEIT CURRENCYMay 10, 2015 at 9:06pmPublicFriendsFriends except AcquaintancesOnly MeCustomClose FriendsFort Pierce, Florida AreaSee all lists...AcquaintancesGo Back"Plaintiff alleges that the promissory note he executed is the equivalent of ‘money’ tha...

5 weeks ago

se7ensnakesThe following statement is a horrendous lie "Banks pay out loans to costumers from other people's savings " We are refering to COMMERCIAL BANKS, correct? Empirical data clearly and absolutely shows that banks do not lend from other people's deposit, and moreover, they are outright telling you that t...

5 weeks ago
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George McCarthy"On the other hand, over the long run, falling prices eventually means that business profits are diminishing, and what follows is lower incomes."We in the UK got it arse about face, we've had the low wages for years. QE has driven 'Deflation', simply because they can't afford to raise interest rates...

5 weeks ago

Mikael OlssonWell done in pointing out that productivity per hour is capped by demand. Too many economists miss this simple relation....

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Positive Money supporters head to Downing Street with 12,000 signatures for monetary reform

Today, Tuesday 26th May 2015, campaigners and politicians will deliver a 12,000-strong petition urging the Prime Minister to change the way in which money is created, so that it serves the public interest. A group including Green Party leader Natalie Bennett will deliver the petition at 4.30pm this afternoon. The petition calls for new money to be “used to fund vital public services or provide finance to businesses, creating jobs where they're needed, instead of being used to push up house prices or speculate on the financial markets”. This call for “Sovereign Money creation” has been echoed by leading economists including Lord Adair Turner and Martin Wolf of the Financial Times.Positive Money is a research and campaigning organisation that seeks to highlight dysfunction in the money system and the need for reform. A Dods Monitoring poll conducted last year showed that only 1 in 10 MPs have an accurate understanding of how money is created. Positive Money claims that without an understanding of how the monetary system works, policy makers and politicians are unable to guard against another financial crisis.   A cross-party group of MPs have been invited to join supporters in handing over the petition. At a backbench debate on money creation and society last year, MPs from both sides of the House called for a money commission to consider alternatives to our current fractional reserve banking system. During the debate, Conservative MP Zac Goldsmith said,

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