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ruffa ruffKind of ironic the BIS is based in the Swiss....

December 2015

theroosterIt would be wiser to use bullion, where mass is the use of account and use the bitgold model as a working template. http://BitGold.com/r/0UZxqFSocial credit by way of the government, even at zero percent interest is still debt based in its creation (a promise) and runs the risk of massive inflation ...

December 2015
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RJThere's a good three star review on Amazon.co.uk. Read itBut even this does not cover a number of issues with PMs proposal. That I have raised in the past and NEVER got an explanation to explain why I'm wrong (if I am)1 Recycling reserves. Even if money (bank credit) is replaced with BoE reserves. T...

December 2015

James MurrayRJYet again you cannot take the challenge.You have my email from my logo.Use it to prove you are not a troll, or do not bother posting at this blog.Tell us you are a PM member.Tell us you are a supporter.Tell us you have read "Modernising Money" by PM's Dyson and Jackson.I will be looking out for yo...

December 2015

RJYou clearly do not understand what fractional reserve banking is. So instead of calling me a troll do the reading. But this will be my last reply to you as you are confessed and do not want to learn or understand....

December 2015
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Breaking Taboos: David Graeber’s thoughts on the next crash

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Setting out to break some of the deeply entrenched taboos pervading economics in Britain, David Graeber has written an excellent piece on why he believes that we are heading for another 2008 crash. While we do not agree with all the points raised in Graeber’s article, it does a great job of highlighting how fiscal policy can lead to dangerous levels of private debt and thus financial instability. Yet, fiscal policy, regardless of what political guise it takes, needs to be complemented by appropriate monetary policy – one which includes Sovereign Money Creation (a form of People’s QE) in its policy toolkit.    

landlubber'They make no profit by doing this. Only by future revenue like interest charges exceeding expenses' - Net total mortgage advances by UK lenders is about £25 Billion p.a. the running total total of outstanding mortgage loans is about £1.25 Trillion on which they earn gross about £50 Billion, even...

November 2015

ConradJones??...

November 2015

RJThe profit from monetary sovereign Govt money printing STILL EXISTS today. But people just refuse to see it.A Govt can print money (ie today = issue reserves in the past notes and coins were used) to back Govt spending when required as required whenever they wish. And do today whenever a payment is ...

November 2015
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Economic Myth and Transformation

Here's an English translation of an article by our supporter in Greece, financial analyst Jason Ghionis, published in the Efsyn newspaper on 17th September. With the following article you will familiarize yourselves quickly and in absence of technical terminology with new economic theory. It includes basic arguments why borrowing, interest and older systems such as linking currency to gold were and are problematic. Finally, it examines a currency issuance mechanism by an independent, state authority in accordance with Positive Money's proposal and suggests adaptations that are in line with Greek reality.

lbrianAs with so many discussion documents on this issue, it seems there is no contemplation of the situation which would eventually exist with the full application of the Positive Money proposals, when all the current loan-created money had been replaced by money spent into circulation. We would then hav...

November 2015

RJExample Bank XUX make a huge safe loan to ABC ltdThey do this JE DEBIT LOAN TO ABC Ltd (1 billion £)CREDIT Bank account (£1 billion £) ABC ltd goes bust so XUX bank has to write this loan offCREDIT LOAN TO ABC Ltd (1 billion)DEBIT LOSS ON LOAN WRITE OFF (1 billion)XUX is insolvent"the amount s...

November 2015

Sumal Rajactually i did't understood it fully....Banks do not act as intermediary between savers and borrowers. They simply create money by an accounting technique by adding the amount on liability and asset side of the balance sheet when they issue loans. This money disappears when the loan is repaid. If th...

November 2015
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