Financial Crisis, Global Situation

Home » Blog » Financial Crisis,…

ConradJonesWe have a perfect opportunity in our History to make the transition from Private Bank created money system to a public created money system as we have the expertise of the Bank of England which is publcily owned and it is clear that the transition from 20% publicly created money system (1950s and 19...

5 days ago
latest comments - view discussion

joebhed"Wealth, Virtual Wealth and Debt", by Dr. Frederick Soddy, the gentleman who brought the thinking of money as a 'systemic' science together with his understandings of natural science. Informed Simons, Fisher, Friedman and others.I'm pretty sure the W,VW &D book is available online for reading, w...

4 weeks ago

joebhedTo clarify, I never said that the banks “should” make allthe rules, just that they “do”.Which you have just confirmed, along with its associatedproblems.I agree with everything you wrote, perhaps except that beingthe major cause for emigrations.Anyway....

4 weeks ago

Rollo10Why should the bankers make the rules? They don't even use their own money, so shouldn't the Treasury make the rules and the bank obey them? Doing it the other way round is what created the mess in 1930 and 2008. They dropped Glass Steagal for their benefit, they have fiddled LIBOR, Gold & Silve...

4 weeks ago
latest comments - view discussion

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
latest comments - view discussion

Derryl HermanutzTrue, in the present system commercial banks create virtually all money by expanding their balance sheets. A "bank loan" creates a new deposit account balance (money) and a new loan account balance (debt) in the debtor's bank accounts. The bank issues the new credit-money as a deposit liability. ...

last month

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...

October 2016

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....

October 2016
latest comments - view discussion

No Announcement posts

back to top