Financial Crisis, Global Situation

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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...

January 2017
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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...

December 2016

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....

December 2016

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...

December 2016
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John WoodheadYes I understand that I just want to find out what their banking system was when they was the USSR and how it worked and how it failed ...

last month

siddhamJust to say that I am not referring to the Soviet Union or communismIt is a common error to presume that the only alternative to private fiat currency - which is what we have now - is Soviet communism; it isn't.Russian Soviet communism died a long time ago. RIP...

last month

John WoodheadI think you are right but I am intrigued into the old Soviet Union form of banking I know nothing about it at the moment but I want to research it,not for a solution to our present problems but just to see what it was because I think it should have been some sort of "people's" bank,whatever it was I...

last month
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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. ...

December 2016

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
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