Jump to content
House Price Crash Forum
Sign in to follow this  
Mikhail Liebenstein

Www.positivemoney.org.uk

Recommended Posts

Good find Mikhail. Looks like it's just started up (2,419 users)? But imagine if everyone signed up and maybe donated a fiver (that's about the price of a lunchtime sandwich nowadays) it might make a dent of a difference.

Share this post


Link to post
Share on other sites

I believe it's related to the Proposed Bank of BoE Act - Ben Dyson is certainly involved in that too.

I worry that these guys miss the point/problem a bit, but it's good to hear that they are looking for changes. The debate being carried forward by MPs Carswell and Baker seem to be on the right track though - let people choose whether the bank or the depositor owns the money and let the free market (ie. individuals) decide what levels of counter party risk they want to be exposed to. More here: http://www.positivemoney.org.uk/2010/11/banking-reform-debate-in-parliament-monday-29th-november/

Share this post


Link to post
Share on other sites

I saw Ben Curtis give a presentation on this in Bristol. The gist of their full reserve banking proposal was to take all the money that actually exists in this economy right now and call that our money. It sounded a bit idealistic on 2 counts. The first was they don't propose any debt amnesty, the idea being that even though the money loaned to people was fictitious those in debt have to earn the real money to repay their old debts. Surely though new money would be worth much more than old 97.5% phantom money which would hugely inflate the debt. Considering how much debt there is out there this is a huge consideration which he didn't seem to have much concern for, of course for us frugal types it would be a huge reward for owning real money.

The other point was that as a country we are in a huge amount of foreign debt. Don't we need to settle our accounts before we can change the rules of the game?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.