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Banks - Reform Not Regulation -Students Conference

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http://www.positivemoney.org.uk/students/conference-november-2010/

Does the fundamental design of the banking system automatically lead to an unstable, unproductive, unfair and unsustainable economy and society? If the answer is yes, then should we take the opportunity to truly fix the problem now, or simply make superficial changes and start saving up for the next bailout?

Hard times are ahead: in 1960, your first house would have cost you, on average, 3.6 times the average yearly wage. Now you can expect to pay 6.6 times your wage. The average adult in the UK owes £29,918, including mortgages. Many of us can expect to owe this much upon leaving university.

http://bankofenglandact.co.uk/

....seems like a timely debate...... :rolleyes:

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What’s The Problem?

When money is created by the state, it is added to government revenue and reduces the amount of taxes that businesses and families need to pay. However, most money now is no longer created by the state. Instead, thanks to the rules governing banking, money is created by commercial, profit-seeking banks every time they issue a loan or mortgage. Rather than going to reduce the taxes that we have to pay, it is used to generate huge profits for the banking sector, all whilst indebting UK households and businesses and sowing the seeds of the next financial crisis. This system effectively provides a subsidy to the banking sector of up to £100billion each year – a subsidy that, one way or another, comes out of your pocket.

....new angle...?... :unsure:

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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