Poverty, Debt and Inequality

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CrashThank you, I just wanted you to clear up your thinking. So you are basically saying that the BoE is creating the money with which the government finances its spending. The BoE so to speak tops up the government workers' bank accounts.It's not so much that we are confused, it's that most of us here s...

2 hours ago

Marco SabaIf we reverse the prospective proposing that the Treasury issue the money and lend it to banks what happens ? Maybe we can save the banking system ?...

Yesterday

RJWhen the UK Govt spends the BoE creates new reserves by a journal entry. These new reserves then becomes the asset held by the bank to back the bank credit liability = our new moneyDEBIT BoE reserves (banks asset / BoE liability)CREDIT Bank credit (banks liability / our money asset)So Govt paying an...

2 days ago
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mervynhydeSadly Max was far too frequently talking over Liz instead of listening, he is right about corruption being at the heart of decision making but actual money creation could empower people to the point where the corrupt can be side-lined. What most do not understand though, is that the total plan has b...

November 2015
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bankster01Neo liberal trickle down economics obviously works, that is what we are told....

May 2015
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