There are a number of problems with our current monetary system, in which the vast majority of money is created by banks, when they make loans. At Positive Money we try to unravel the issues related to money creation and raise awareness about them. In doing so we hope to arm everyday people with the necessary means to campaign for change. So today I thought it would be worth highlighting one of the major benefits to the Sovereign Money system, and explain one of the primary reasons as to why we want to redefine money.
Earlier this week, Positive Money hosted the biggest discussion on the future of UK monetary policy since the election. Here’s a brief review of the event. We’ll publish a video of it shortly.
The current economic slump and recent stock market crash in China has got many people asking exactly what is happening in China? There are numerous theories explaining the situation, and the majority of them make valid points. Many analysts, however, have neglected the vast accumulation of private debt, in their explanations. This piece argues that in order to explain the current situation in China, it is necessary to understand how debt and newly created money is being used.