STOP #PRIVATEBANKS from printing #publicmoney as #publiccredit

This video was recorded when Martin Wolf, Chief Commentator at the Financial Times, addressed the Institute of Chartered Accountants of England and Wales and Positive Money.

Here’s one of his comments: Strip private banks of their power to create money.

In 2008 he published the book Fixing Global Finance.

His speech inspired me to send him this email:

Dear Mr Wolf

OPEN EMAIL

I have just blogged about your speech Stop banks from creating money on Money as Debt aka Credit. What I notice above all else, is that you talk about the ‘banking system’ without differentiating between the creation of money by CENTRAL banks and other banks and financial institutions.

As the organiser of the Forum for Stable Currencies which we started @ the House of Lords thanks to Lord Sudeley in 1998, I would like to draw your attention to

1. Public Credit

  • The Early Day Motions tabled by Austin Mitchell MP since 2002.
  • The Bradbury Pound as the UK precedent of 1914 and its history – comparable to Lincoln’s Greenback in the US.
  • Green Credit for Green Purposes – Changing the Cash : Credit Ratio of the Money Supply to Ameliorate Climate Change – our submission to the Treasury Select Committee in 2007.

2. Government Creation of Money

3. Money as Debt aka Credit: Public and Private

4. What’s so dishonest about our money system as the ultimate conclusion.

With many thanks for giving me the opportunity to re-iterate the arguments,

Yours sincerely,

Sabine K McNeill

2 responses to “STOP #PRIVATEBANKS from printing #publicmoney as #publiccredit

  1. Pingback: #MoneyCreation debated by MPs 320 years after the #BoEAct1694 | In the Spirit of the Forum for Stable Currencies

  2. Pingback: #MONEY: deadly weapon as #MoneyCreation is discussed by MPs | Victims Unite!

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