About forty Positive Money supporters gathered on Wednesday 17th August outside the Bank of England to launch a new campaign calling for an end to quantitative easing in favour of alternative monetary stimulus measures.
"Since the crash of 2008 I have become very interested in the way our money system works.. or doesn't work.. and have been researching this extensively. I was really shocked however when I discovered that banks 'create' money and then lend it to us at interest, and it seems to me that all the other ills of society can be ascribed to this one fundamental error. I discovered a campaigning organisation called Positive Money who are attempting to bring this (incredibly hidden) fact into public and offer an alternative way of money creation which would enrich us all rather than just the banks.... so I decided to write a song about it. Hope you like it.",
With Theresa May suddenly catapulted into the UK Prime Minister's seat after Brexit and the dramatic political events that followed, exciting new opportunities have opened up for our campaign for a fair, democratic, and sustainable money system.
Three exciting breakthroughs have happened over the last two weeks! They involve three of the world’s most powerful central banks: the Bank of England, the US Federal Reserve and the European Central Bank.