Our sister organisation Sensible Money in Ireland have recently got a mention and a very fair assessment of their analysis in two Irish newspapers:
Epoch Times published an article entitled “Soon Parted: How Money System Makes Us All Fools“
“Sensible Money, along with UK organisation Positive Money, the German monetative.de and other similar groups, advocates a modern variation of full reserve banking, where the banking system functions much as people understand it to—first separating current accounts from savings accounts, and having banks lend from savings accounts. In this way, a loan repayment doesn’t destroy money, and all money is issued without a corresponding debt at the start.”
You can read the whole article here.
The Sun published an article “It’s all a charade”
“Some people think that banking is a farce…one such group is called Sensible Money. They are part of a growing international movement who want to question and change the financial system as it stands.”
“What actually happens is that central banks allow money to ‘come into creation’ when regular everyday banks give someone a loan. It isn’t the case that banks only lend out money that depositors give them.”
“One of the great mysteries that people don’t tend to realise is that deposits don’t create loans. Loans instead create deposits – and that of itself is the key to understanding the entire financial system.”