Breakthroughs from three most influential central banks
26 June, 2016Three exciting breakthroughs have happened over the last two weeks! They involve three of the world’s most powerful central banks: the Bank of England, the US Federal Reserve and the European Central Bank. 1) Bank of England The Bank of England has announced that it will be adopting a policy change that Positive Money [...]
What does Brexit mean for monetary reform in the UK?
24 June, 2016The UK voted to leave the European Union by 52% to 48%. The referendum is being treated as binding by politicians, so once article 50 of the Lisbon treaty is enacted, the UK will have two years to negotiate its withdrawal from the European Union. There's a huge amount of speculation in the press at the [...]
Bank of England: UK banks to lose their status as ‘gatekeepers’ to the payment system
20 June, 2016In a significant breakthrough, the Bank of England (BoE) has just announced it will be adopting a policy change that Positive Money has been arguing for over the last 2 years. The BoE will finally allow non-bank ‘payment service providers’ (PSPs) to hold accounts at the BoE, so that they can compete with existing banks [...]
Do you know where money comes from? (NEW Video)
17 June, 2016We went to ask young people a few questions about money. Our broken money money system hits young people the hardest. High house prices, pushed up by bank lending, leave first time buyers struggling to on the property ladder. Students are leaving higher education under ever increasing mountains of debt. Unemployment across europe, shot up [...]
Could fintech companies save us from the instability the banks create?
8 June, 2016At school or university, we’re told that money is created by the central bank. But that is not actually the case: the commercial banks are the ones creating money. The same banks that love to take risks and helped cause a global financial crisis a few years ago. Could fintech companies save us from the [...]
Where Does Money Come From? (Video TEDx Copenhagen)
7 June, 2016Where does money come from? How is money created? Can commercial banks create money by issuing new loans? Knowing that electronic money represents the majority of the total money supply, have we privatised the creation of money in our societies? Ole Bjerg believes that we have handed a vital societal power - money creation - to [...]
Positive Money Newham at the Redbridge Green Fair
3 June, 2016Positive Money Newham had a wonderful afternoon at the Redbridge Green Fair on Sunday 29th May. It was a great opportunity to engage directly with a diverse, local community of people who were very receptive to our message - namely that a change in the monetary system is fundamental if we are to restore fairness [...]
QE for People in Hackney: An evening of facts, philosophy and entertainment
31 May, 2016The Positive Money Local Group in Hackney organised an evening of talks and discussion on Quantitative Easing for People: the idea of spending or distributing newly created money into the economy to stimulate growth, instead of the standard method of lending it to financial markets. The event was held at Passing Clouds; a bohemian venue [...]
Does Money Really Grow on Trees? (Video)
12 May, 2016Watch this great presentation by Positive Money researcher Frank van Lerven that he gave at the Z-day event in London on 2nd April 2016. The event was entitled “The Path to Post-Scarcity” and was focused on the growing transition towards a post-scarcity society and on how different organisations are contributing towards a transition towards a sustainable socio-economic [...]