Should Banks Create Money

Shocking Admission From Parliament I Cannot Justify Banks Illegitimate Ability To Create Money

It may not look like it in the video, but when I heard a respected politician, Sven Giegold in the European Parliament say this, I almost fell over… We had a full discussion about banking reform and I brought up the question about banks ability to leverage their balance sheet (Eg. Create money out of…

Alternative Banking

Could A Non-Banking System Shake Up Banking

The way I see it, there are three ways to get Banking Reform to happen faster, before the inevitable crash:

1. Education (This is why I make banking reform an integral part of my training company, Benedix, that is the world largest training company for students seeking careers in banking). We need a next generation of Bankers aware of what they are doing.

2. Politics (This is why I support Positive Money) The change we need in Banking can only be done at the government level. They are the ones that need to decide who has the ability to create money.

3. Business (This is why I founded We need an alternative to Banking and I have been busy getting ready to launch a place where people can lend, loan, invest, raise funds and network bypassing the traditional banking system.

Having signed the contract with my publisher to write my latest book on the future of banking and the launch of my alternative non-bank ‘‘  around the corner, I have been on a bit of meeting frenzy.

So after all this talk about Facebook and Google becoming banks, I got inspired to call a meeting with Thomas Power himself and a team of experts…

Simon Dixon
Monetray Reform

A Solution to the global financial crisis – A proposal for Monetary Reform

Over the years I have been looking at many proposals for monetary reform. I have met many monetary reformers and of those the most influential in my work have been James Robertson and Ben Dyson. From the work of James Robertson and spending many hours with Ben Dyson I have copied a proposal below which I fully back. The proposal is taken from Ben Dyson’s website

The following is a proposal for reform that can be implement in the UK

Central Banking Conspiracy

To Bailout or not to bailout – That is the question?

As we speak I am in the midst of a PR road show presenting the causes, consequences and solutions of the financial crisis and the need for monetary reform across the UK.

I have been presenting to audiences totaling about 2000 a month. and my new venture in banking without banks is making progress.

After presenting to this many people and meeting this many bankers, you start to recognise some common themes in the questions that come up repeatedly that I would like to address in this post.

After my presentation where I demonstrate to the audience how 97% of our money supply is created privately through private debt loans and that money creation by banks is an expanding process in which money created by past loans is perpetually recycled, re-loaned, providing an endless supply of new money, building up into a vast infinitely ballooning total of money and debt that eventually renders unaffordable interest repayments, I open up the floor to questions.

Similar questions tend to arise at each presentation.

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Why are we in a global financial crisis – The Problem with Orthodox Economic Theories

Today, as I write, the new merged UK banking giant Lloyds has underestimated the loss that is about to be incurred as a result of the merger with HBOS. The banking giant has received a huge bailout selling more shares to the government and is on its way to being yet another private bank doomed to nationalisation.

On the television I hear no mention of why this might be apart from propaganda trying to make the public angry about the CEO’s who have taken too much bonus and ’caused’ all this mess. It is very easy to divert attention away from our unsustainable system by blaming the crisis on greed when you have every newspaper and television show focusing

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Monetary Reform is not a conspiracy theory

As you research this topic further, monetary reform is often presented alongside a full blown conspiracy theory, which claims that the financial system is being shielded from criticism and deliberately employed as a device for keeping people in a state of dependency, so as to advance a high-level political agenda. But this conspiracy theory is far from proven. Certainly, most political figures clearly know nothing of the weakness of conventional economics.

What dominates the world is not a conspiracy, it is a philosophy, a philosophy

Wonga debt exploitation

A debt based monetary system, Export Warfare & Third World Debt

Our debt based monetary system is directly responsible for world export warfare and third world debts. In order to understand the need for exports it is necessary to understand that there is no such thing as a supply of permanent money to the economy, and the vast bulk of money within the economy has its origins in loans and is represented by a matching domestic debt. When goods are exported, foreign money is brought back into the economy, but the debt behind that money remains overseas, in the country of origin. Through exporting, money that has been borrowed into existence in another country is brought into the economy free of debt. The money can easily be turned into domestic currency via the foreign

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A debt based monetary system & forced debt slavery

As a direct consequence of a debt based money supply our entire economy is plagued by intense competition for money to pay interest in an economy that suffers from an impossible lack of purchasing power. The chart belowthat plots the growth of money stock (M4) and domestic debt over a 33 year period in the UK clearly highlights that the total debts carried by consumers and industry is greater than the money that exists in the entire economy.

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What is a debt based monetary system?

As the financial crisis grows more and more intense, it seems increasingly certain that many of our major banks will be taken into state ownership. This is a mistake – if we are to nationalise anything, it should not be the banks, but the money supply itself.

Contrary to popular belief, most money in our economy is not created by the government or the Bank of England. It is created by the commercial, high-street banks every time they issue a loan, mortgage, credit card or overdraft. This is made possible by the fact that most money these days is not cash or coin, but simply electronic numbers in computer systems. Whenever a loan is made, these numbers