UK Banks Fund Deadly Cluster-Bomb Industry
16 August, 2011According to The Independent, Tuesday 16th August 2011: A victim in Iraq receives treatment British high-street banks, including two institutions that were bailed out by taxpayers, are investing hundreds of millions of pounds in companies that manufacture cluster bombs – despite a growing global ban outlawing the production and trade of the weapons. The Royal [...]
Should Banks Create Money? What does a member of the European Parliament think…
15 August, 2011Simon Dixon asks member of the European Parliament and economist Sven Giegol: Should Banks Create Money? One of those rare moments where an economist admits that there is no justification for the privatisation of money creation. ...you do not hear this too often.
To Whom Do We Owe This Money, Exactly?
27 July, 2011Positive Money was mentioned in Guardian, 26th July 2011, in a letter from Martin Hyams: If all countries from the richest to the poorest are operating on borrowed money, to whom is it all owed? Mainly, the most powerful institutions in the world own the debt: the banks and finance industry, private equity companies [...]
Weekly Update 26th July
26 July, 2011CONFERENCE Saturday 29thOctober Meetups New videos with subtitles HELP wanted - ilustrators! Help us spread the word SAVE THE DATE: Saturday 29thOctober On October 29th we’ll holding a conference in London for 350 activists and supporters. The working title is “How to Save the Country from the Banks (and save the banks from themselves)”. [...]
Report From the Glasgow Meetup
26 July, 201117 people came to the Meetup in Glasgow on 20th July, which took on a different format from the London meeting. Held in the centre of Glasgow, at an accessible office premises, the first half hour was sandwiches and light refreshments as people got to know each other. After we gathered in the main room, [...]
Revert to the Traditional Method of Issuing Currency
19 July, 2011The most effective way to reintroduce the drachma would be for the government to revert to the traditional method of issuing currency, according to James Skinner in a letter to the Financial Times, 16th July "Instead of creating the new money through issuing debt to the private banking sector, as is the general custom at [...]
Weekly Update 16th July
16 July, 2011NEXT WEDNESDAY: MEETUPS IN GLASGOW & LONDON A guide to how banking really works Clarifying the Consequences of our Debt-Based Money System New DVD & talk released Help us spread the word NEXT WEDNESDAY 20th JULY: MEETUPS IN GLASGOW & LONDON Starting this month we will have monthly meetups for all supporters of [...]
US Default: Should We Be Ready to Face the Worst?
15 July, 2011According to Guardian, 15th July: In Europe, a chronic lack of co-ordinated action early in the financial crisis means the very survival of the euro is now in serious doubt. In the US, the crisis is potentially more serious: if Republicans and Democrats cannot agree on a deficit reduction plan by the 2 August deadline [...]
Bank Regulation’s Capital Mistake
8 July, 2011Following is an extract from an excellent article published on the website www.project-syndicate.org Imagine that the arguments triggered by the Hindenberg disaster were about the fire extinguishers and parachutes that airships should carry, rather than about the design flaws that might cause them to ignite. Unfortunately, today’s debates about banking reform have just this character. [...]