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Bank Robbery: How to change the system

monetary reform

The nature of money Essentially, money is a form of property. Your money is your money, mine is mine, otherwise money has no meaning. Money is property in the abstract. The most interesting example of money as pure property is the stone money of Yap: some large stones sank in the sea generations ago while being carried from one island to another; but they are still acknowledged as money. It is irrelevant that they are at the bottom of the sea; everyone knows who owns them. The stones are exchanged for other property – even though they sit on the seabed.

SimknFurther to previous, creating the money as a loan rather than as Sovereign money, means it is retired from the economy as loans are repaid. This would be mildly deflationary, and deflects criticism from neo liberal economists who say the policy would cause inflation. The two big issues are how much ...

6 hours ago

SimonSome current criticisms of monetary reform :- Not enough credit will be created if commercial banks don't do it so there will be a recession (Anne Pettifor). This can easily be overcome if the Bank of England creates more as it knows how much is in the economy. The B of E only has the very blunt ins...

8 hours ago
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Marco SabaStraight to the point. Well done !...

2 days ago
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JohnWhy are u lying ? Rich white males set up this ? It was rotchilds..u now who they are, who they belong to..certanly not white people !!!...

Yesterday

Vince RichardsonYes I agree that's why PM is campaigning to overturn a)the tools CBs can use and b)teach economic students about money creation, which is not on Economic curriculums (which IS very bizarre).So we are adressing those issues,it may be wishful thinking but my sentiment is that CB's are here to serve th...

Yesterday

medialAxisCentral banks have known for decades how our money system works and that what was being taught in colleges was contrary to reality. Anyone any idea why the central bank did not inform colleges of the disparity?Bitcoin isn't just money, that's just the first app, as they say. And not all altcoins are...

Yesterday
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Day End SilentFrom Wikipedia -Between 1977 and 1983 May worked at the Bank of England,Did they not tell her how the system works?...

4 days ago

Vince RichardsonYes that shows that quite well it is being used currently.Though I note this is a controversial subject.Once your customers see what is happening they will adapt behaviour to try and get the best deal or you can end up upsettng your customers altogether,no one likes getting ripped off.As a football ...

2 weeks ago

Robert SearleThank you for your response. With respect, the method, or methods of achieving inflation "control" are already explained in the evolving "paper" on Transfinancial Economics. However, they are open to further research, and modification. And yes, it seems highly likely with the exponential advances in...

2 weeks ago
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James MurrayProfessor HuberAcademically, a well written, internally sound, riposte to the Bundesbank’s paper, "Remarks on a 100% reserve requirement"But an absolutely dreadful piece to appear on a blog and PM should be ashamed of allowing the piece to be published on these pages.Look. The object of a blog is ...

3 weeks ago

WesThe longest journey (Buba's admission) begins with a single step. Despite the many misconceptions perpetuating the Banking School myths, at least the journey has begun. Bravo for a well written response. I wonder if Professor Krugman will run this through his "dashboard"? A critical mass of public a...

last month
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