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Brighton Lads"But debt in of itself is not necessarily a bad thing. In Western economies, the primary problem is that the bulk of this debt is not being used for productive purposes (i.e. to boost private sector incomes, finance infrastructure and a green economic transition)." Did you read that part? No mention...

last month

PJMThat may be true in the present private debt-money banking, monetary and credit system, in which new money is created as debt.However, in a Sovereign Money system as championed by Positive Money. new money would not be created as debt....

last month

RJDebt always has two sides. An asset side and a liability side. Without this amount of debt we would have very low pension savings. But I wonder why commentators almost always focus on the liability and completely forget about the asset side. Without increasing debt we would have no collective profit...

last month
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boot70Alright Solutrean,any idea why the party has stopped allowing comments on the party site ?anyway i hope you are well and best wishes to you and yours....

Yesterday

James MurraySolutrean,Cannot find it myself, but nevertheless bow to your encyclopaediacal knowledge.Jim Murray...

last month

solutreanJust one small point James. This does not alter the substance of your post that I agree with completely. The original article that you refer to was Article 101 EC, This was revised at the Lisbon Treaty of 2009. It is now Article 125 of the Treaty on the Functioning of the European Union (TFEU)....

last month
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solutreanI have searched the Internet without success PJM. I do have a second copy of the original manifesto which you may have if we can arrange the transfer via the Positive Money website or other means.Alternatively, I recommend the book “The Eleventh Hour” by John Tyndall, in particular the chapter t...

last month

PJMHi solutreanThat's a very interesting quote from 1983. It would be very much appreciated if you could post on this comment stream a URL to the BNP's 1983 election manifesto. I'd like to send it to the leader of the NZ First party, which has voted to have as official policy the introduction of Sovere...

last month

SimonVery sensible policy, I wonder why the Establishment did not run with it ? Because they gain by extracting rent and interest from the rest of us, and use their patsy economists and media to persuade us all how good the present system is, or present it as too complicated for ordinary folk to understa...

last month
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Michael Wallace Ellwoodhmm, well Mr Theresa May works in the finance sector (ok, not actually for a bank), so I don't think we are going to see her at the barricades around Threadneedle street (unless it was to defend it)....

last month

Tony HarveyAnd I'm deeply uneasy with them being "independent" also. Independently able to make collective decisions about how the global monetary system is run behind closed doors at regular meetings at the BIS with no democratic accountability whatsoever, no published meeting agendas, no minutes, no nothing....

last month

SimonThe Central Banks mainly work for the benefit of large commercial and investment banks....

last month
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