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Coley54321CENTRAL banks really are the problem - all across the Globe. As is Keynesian economics....

October 2016
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The Launch of Corporate QE: 10 reasons why it’s a bad idea

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27th September 2016 marked the launch of the Bank of England’s new Corporate Quantitative Easing (QE) programme. The Bank will now be creating £10bn of new money to buy bonds issued by private companies. While there are much better ways to boost the UK economy, today we give 10 reasons why Corporate QE won’t help boost the UK economy and could turn out to be a bad idea.

Rollo10Of the listed companies, how many different Corporations are involved?...

October 2016

Rollo10"many corporates don’t actually need sterling other than to pay wages and salaries."But they don't use 'cash' to pay wages. As they are paid through the bank, it's a simple transfer of 'digits' at the appropriate exchange rate. The Banks, along with the big Corporations, are driving us towards a '...

October 2016

James MurraySimon,You say, "We need to highlight ways of unwinding people's QE ...if inflation becomes a problem, like [we need] fair taxation to take money out of the system, or [to raise] interest rates to reduce the demand for credit money"It is less confusing if these pages do not mention the term "People's...

October 2016
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Debate on QE in the House of Commons – Will your MP be there?

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We’ve got an exciting opportunity on our hands. This Thursday, MPs will debate the government’s quantitative easing (QE) policy in the House of Commons. [1] Chancellor Philip Hammond is hoping QE will kickstart the economy. But we know QE only makes the richest richer, pumps up property markets, and does nothing for the rest of us. [2]

Gregory Schoenmakers@Simon Bazley, banks offer you a claim on their reserves when they loan you money.You might say this is an unstable system or even fraudulent since banks don't have sufficient reserves to pay out all of the claims but you can't call it "no consideration"....

September 2016

Simon BazleyHi James, A couple of points. I disagree that banks create anything. I believe that we, the people, create money. I think that banks actually launder the entire principal into their unwarranted possession when they issue a purported loan. I say purported as no loan actually ever transpires as w...

September 2016

James MurraySimon,You may know that any amount of 'consideration' is sufficient to form a contract.So that if I offer to sell my house to you for a bar of chocolate, then that is quite sufficient to be an enforceable contract. (provided it is writing, signed etc).The point is that the bank may 'create' funds by...

September 2016
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Jonathan Peretz ChanceI'm familiar with economics, finance, banking and history.Unless a currency unit is publicly and scientifically defined (eg: one dollar = one ounce of silver, or one REC = one kWh of renewable energy production, or one Location Value Unit = Qualified Market Demand / One Volumetric Meter x Security R...

November 2016

Nigel WellsDear Jonathan, I suspect you have not really studied the difference between a countries currency issued as a debt (To private banks) and that issued debt free.The cosequences are several and drastic, See Banking 101....

November 2016

Jonathan Peretz ChanceThe differences between governments and corporations are rather superficial. How would "public banking" significantly change anything unless the currency unit is transparently defined as done with Silver Dollars, Renewable Energy Credits and Location Value Tax units?...

September 2016
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