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PeterThis link should workhttp://podcasts.canstream.co.u......

2 days ago

Divbroken link...

2 days ago
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simonthorpeI would love to be able to pass a law making it illegal for Commercial Banks to lend money they don't have. Unfortunately, it's not going to be easy to get that one through - just a slight bit of opposition from the Bankers and their supporters.In the meantime, maybe we could use the Greek Debt Cris...

3 weeks ago
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disqus_mo8c3tVuI1Yes the system is not working...something has gone badly wrong and the culprits are bankers who think only profits driven by greed and no conscientiousness. Yes we do need a revolution but no any revolution but a Revolution of the Mind!...

2 weeks ago

Auburn ParksYes, there is definitely a taboo against "creating money and spending it", you see it all the time when people talk about wanting to run budget surpluses and shrink the Govt's budget deficit. QE has nothing to do with this as QE is not printing money, all QE does is exchange balances in one type of ...

3 weeks ago

Scott GreenI like Max, but sometimes his frivolousness can mask some really serious and dangerous issues, well done Ben on remaining sober! I really want to know, what is the next move for positive money; is there ever going to be a time, where this system is radically changed, clearly, it's not working aroun...

3 weeks ago
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Greeks should find the nerve to outlaw fractional reserve banking

Screenshot 2015-07-01 11.30.50

Greece must avoid replacing one myth with another - that returning to the drachma will be a panacea. If and when the drachma returns it will not be the notes and coins issued by the State free of debt which will be the problem, it will be the new drachma denominated debt issued by the privately controlled international banking system which will hobble Greece to its present masters, reads this BellaCaledonia article that is well worth reading.

Keith.Outlawing fractional reserve banking is not necessary in order to enjoy the benefits of sovereign money. Fractional reserve banking has proven very effective in creating money in massive quantity in short order. Why would we want to give up that? Outlawing fractional reserve banking would be a m...

2 days ago

Mirrorof (y)OuregoI totally agree with this opinion. Just one question: Do the "positive moneyeers" have contact to financial minister Varoufakis or even PM Tsipras? Because "we, the people" can do nothing really essential in this case. I hope, they have :-)...

4 weeks ago
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What type of monetary framework should the Greeks adopt if they were to part ways with the Eurozone?

grexit

The "Grexit" might be just around the corner. Wall Street bets on 75% chance of Greek default. Greek prime minister escalated his defiance towards the country’s official creditors, with a pointed attack on the International Monetary Fund, saying the IMF bears “criminal responsibility”. Greeks are withdrawing cash from banks in fear of Grexit. And the Greece's central bank has warned for the first time that the country could be on a "painful course" towards default and exit from the eurozone.

RJThis is not correct. There will still be reserves (but maybe called a different name) And productive capacity of the people is fairy land stuff.These reserves will be backed by Govt debt (not T bonds though but reserves) as it is at present. That is these reserves can be used to pay tax. That's what...

last month

RJPositive money want to just use reserves as both the banks and treasuries money (they use reserves to settle with each other now as we use bank credit) and our money (and abolish bank credit = our money). Rather we would use reserves.So rather than having-Reserves as higher level money-Bank credit a...

last month

Peter J. MorganAllan, in a Sovereign Money system there are NO reserves, there being only ONE kind of money -- issued by the state as a fiat currency in all three forms (coins, notes and digital), backed by the productive capacity of the people of the nation-state. A Sovereign Money system is NOT the same as a 100...

last month
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