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Marco SabaUK: The first Monetary Commission was the one of 1293 (22 Edward I.) which was appointed to examine the various coins employed throughout the kingdom, and report upon the same to the king. The text of the instructions to this commission is preserved in Madox's " History of the Exchequer", i, p. 29...

July 2016
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joebhedLinda,"helicopter money" is a jingoistic euphemism that does more to confuse than explain anything relevant to 'public' or 'peoples' money .So, please explain what YOU mean by 'helicopter money'.The 'helicopter money' WANs most popular today are central bank money issuance, kind of like direct depos...

last month

James MurrayLinda,I am sorry but I cannot follow your assertions.Do you have any links which may explain?Jim Murray...

July 2016

LindaOAre you aware that FinTechs are an even a bigger monsters? That's why the policy change. FinTechs are not about any new banking model. FinTech sounds fantastic as a buzz word, but they use the existing banking models with scrupulous conditions, non-negotiable !!That's why the Bank of England will gr...

June 2016
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James MurrayYes Peter,A no confidence vote may well mean that the Gov't of the day falls. Then, I suppose, another leader of a parliamentary grouping, the loyal opposition or a a coalition of some sort probably would be 'approached ' by representatives of the Queen to see if they could form a viable government....

June 2016

Peter VerityBut see thishttp://www.theweek.co.uk/brexi......

June 2016

Peter VerityHi JimYou're right about the 2/3 agreement to change the date. Though a vote of no confidence just needs a 50% majority, then If a new government cannot be formed within 14 days, parliament is dissolved. Still, perhaps that's equally unlikely...

June 2016
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Bank of England: UK banks to lose their status as ‘gatekeepers’ to the payment system

Gatekeeper to the payments system

In a significant breakthrough, the Bank of England (BoE) has just announced it will be adopting a policy change that Positive Money has been arguing for over the last 2 years. The BoE will finally allow non-bank ‘payment service providers’ (PSPs) to hold accounts at the BoE, so that they can compete with existing banks to provide current (checking) accounts. This will break the stranglehold that large UK banks have over the provision of payment accounts - and represents a step towards further changes that would limit the ability of banks to create money.

MarkBut BenAt least there will be more choice of conditions for a loan. A client can approach a PSP who has an affinity for the clients loan. In that they will take a genuine interest in the success of the loan, producing a better service or product that the loan was for.YoursMark ValenteGet Outlook for...

July 2016

Ben DysonNo, they currently have to back their customers' funds with deposits at a commercial bank, and aren't allowed to hold loans or other risky assets on their balance sheet. So unlike they can't create new money by creating new deposits backed by new loans. ...

July 2016

Ben DysonCarney said that they would make the accounts available 'over time', probably as they redesign their RTGS settlement system. So unfortunately I don't think the accounts will be available within the next 12 months, but it's certainly worth contacting them now to express an interest. Ben...

July 2016
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BIS Warns of a Global Debt Crisis and a Lack of Policy Response Options: Time to Update the BoE’s Policy Toolkit?

bank for international settlements

The Bank for International Settlement (BIS) has just warned that the global economy faces a “gathering storm” brought on by too much borrowing. With high levels of private debt relative to income, increasing financial volatility and poor prospects for growth there are growing concerns about the lack of policy response options available to central banks.

Raymond AitkenCentral Banks are complicit in the manipulation of financial markets including stock markets, commodities, gold and currency markets, not to mention the oil and energy markets which have been the object of a carefully engineered “pump and dump” speculative onslaught. SOURCE: Central Bank Governo...

March 2016

Raymond AitkenReference: "central banks are running out of policy options and markets are beginning to notice"; the very existence of central banks and "financial markets" is the problem. As Buckminster Fuller advised us: "You never change something by fighting the existing reality. To change something, build a n...

March 2016

Raymond AitkenHere is a better explanation by Prof. Ismael Hossein-Zadeh, of why "Despite exceptionally easy monetary conditions, in key jurisdictions growth has been disappointing and inflation has remained stubbornly low.": Financial Bubble Implosions. Asset Price Inflation and Social Inequality - http://www.gl...

March 2016
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