Options for Banking Reform

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solutreanI’m glad that you now seem to have calmed down and are no longer using abusive language, did you take my advice then?Warren and yourself are both referring to the Fed system. If you read my post more carefully you will see that I am referring to the British banking system.The Bank of England IS co...

January 2016

RJWhat temper. You clearly are not being serious (you can't be this confused) Warren is very very very clear in this book as to what he means.From his bookDeadly Innocent Fraud #1:The federal government must raise funds through taxation or borrowing in order to spend. In other words, government spendi...

January 2016

solutreanThe above quote is taken directly from Moslers Seven Deadly Innocent Frauds of Economic Policy. If you have a problem with it blame Warren not me.You really should control that temper of yours RJ or you may blow a gasket. Why not nip down to the pub and have a few pints with the lads, I’m sure it ...

January 2016
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Adrian ByrneThanks Vince...

December 2015

Vince RichardsonYes great idea, we in the NE Positivemoney group will help spread the word up here too....

December 2015

Adrian ByrneThanks Jim + agreed that this is only the start with plenty to be done over the coming weeks and months. I'm looking forward to collaborating with you on this initiative.Cheers,Adrian...

December 2015
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Vince RichardsonExcellent idea,I have signed up thanks...

November 2015
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Big banks win in UK Competition inquiry

CMA Competition and Markets Authority Inquiry

The UK’s Competition and Markets Authority (CMA) has been investigating the low level of competition between banks in the UK. They released their provisional findings today, but backed away from any measures that would enable true competition. As we warned in our initial submission to the Commission, it’s an illusion to think that switching between four large and almost identical banks is true competition. We argued that there’s much greater chance of real competition if tech firms are allowed to compete with banks to provide current accounts to individuals and businesses. But the CMA’s recommendations do nothing to enable that.

Gregory SchoenmakersUse a blockchain....

February 2016

Phil TI see another barrier: how would such a new startup make money to cover their costs and return a profit?...

October 2015
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How can we do better? The alternative: public money creation

our money_the alternative

A well-functioning monetary system is essential for a well-functioning economy and thereby, for the common good. The state is the agency responsible for the public interest. The responsibility for and control over the monetary system and money creation should therefore be placed with the state and not with private, profit-oriented enterprises. The logical alternative to money creation by private banks, therefore, is money creation by the state. In such a system it’s not only coins and paper money that are created by the state but also the non-cash money now created by private banks. Meaning electronic money is then created by the same agency now responsible for coins and paper money.

wolny-wybórThe government always regulates the money supply to spend as much as possible. There is no limits to it. Consequences come sometimes after many years (financial bubbles).Proper definition of inflation is:Inflation is an expansion in the total supply of money and credit.Deflation is a contraction in ...

November 2015

solutreanOpen up your mind R.J. You say the value of money is NOT derived by the goods and services that it can purchase. Imagine then if you can that all the goods and services disappeared from the economy overnight. In this situation your debt backed money would be worthless. Yours is an unnatural system t...

October 2015

RJ"Its value is derived by the goods and services"No it's not. This is a flawed (but dangerously wrong) belief. Money as an asset has value because another financially sound party backs it AS DEBT. Assets including financial assets do not have value just because a Govt commands it....

October 2015
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