Steve Baker MP Explains What Is Wrong With Banking
15 September, 2010Steve Baker MP (Conservative, Wycombe), writing in the Wall Street Journal Europe explains what's wrong with the current banking system. You may need to subscribe to read the full article (try it) but here's some choice quotes: "If you borrow a friend's painting and promise that you will give it back on demand, and you [...]
Mervyn King Says "Stop Fractional Reserve Banking"
20 August, 2010The picture to the right is a letter from Mervyn King, Governor (big chief) of the Bank of England, to one of our supporters. (Click on it to see the full size letter.) The second paragraph is hugely significant. Read it in full, and then we'll explain what it means in plain English: "Second, you [...]