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2B free1000http://www.apfn.org/apfn/fed_r......

3 weeks ago

siddhamHello JimThe management of the Central banking system is privately controlled - that's what they mean by independent; independent of public control; or independent of control by the representatives of the public.Independent in this situation refers to control - not theoretical ownership.You are corr...

3 weeks ago

James MurraySiddham,On paper Central Banks are not independent - the BoE is a separate entity but with its shares wholly owned by the Government.The ECB again has its share capital owned by the 27 EU states. But I do agree that, without indulging too much in conspiracy paranoia, the actuality is that the countr...

3 weeks ago
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Marco SabaHere is the text where I explain this point: Seigniorage: The Honest Government's Guide to the Accounting of the Revenue from Money Creation http://leconomistamascherato.b......

last month

James MurrayHi Marco,I am still not certain that I understand.I believe you are saying that newly created money becomes a Government asset which is then able to be spent.This asset must be balanced (in the books) with a corresponding liability owed by 'the sovereign people', but to whom?Then you mention the 'ba...

last month

Marco SabaI mean that when the government will cash in in the banks liability from money creation there will be no need for taxation because this asset alone is currently (in Italy) two times the state budget.Banks liabilities from money creation are here 1.8 trillion Euro each year....

last month
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James MurrayFran,It was great that you got onto such a widely listened to show as this on BBC Radio London, so well done to the team for becoming the go-to group for commentating on the actions of the Treasury and its Chancellor.You managed to get over that the £70 billion of new QE money should not have been ...

last month
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