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You might have come across Simon Dixon for a number of reasons. You might have seen Simon present at your University on banking and Finance related topics, you might have received training and consultancy at your financial institution, you might have come across Simon in his campaign for monetary reform or you might have come across Simon forecasting financial markets at one of his trading/investing classes or read his forecasts in the financial press/media.
However you came across Simon this is his official Blog where he regularly keeps those interested in financial markets up to date with his latest work, research and presentations whether financial, economic or political.
See ‘About Simon Dixon’ and look at the following sections for further details:
- Simon Dixon on monetary reform
- Simon Dixon on careers in banking & finance
- Simon Dixon on trading and investing
Dear Simon,
Thank you for what was not only a very engaging and extremely motivational presentation at Surrey University this evening. It was very generous of you to stay afterwards and discuss individual’s situations at the end. I look forward to speaking with you again at your workshop this coming Saturday.
Regards
Stephen Matthews
Dear Simon,
thank you for a very informative speech at Regent’s College today. I enjoyed it! Good luck with your endeavors.
My project on Transfinancial Economics might be of interest. It does present a pro-bank approach because it is difficult to see how we can see their demise unless there is really powerful grassroot activisim which seems somehow unlikely. In principle, I do believe that banks, or rather the money supply shoud be nationalized on ethical grounds……!
Thank you for your comment.
In terms of my career and monetary reform I get this question a lot. I have been obsessing over banking and finance for over a decade. I have been interested in all aspects and after studying economics, working as a trader and investment banker and consulting to financial institutions I felt that all my work came together when I discovered my mission and purpose in life and that was to understand a lot of the problems we face in the world.
After studying theology, philosophy and psychology I found answers in the least expected place and that was economics and my obsession with banking and finance. I started to meet and study monetary reformers and really question what I had learnt at university in economics.
As a monetary reformer, when you meet other monetary reformers, you see a lot of anger guided towards the banks. I have found this anger misguided as they are performing an activity that current economic thought does not question. The practice of banking is not really the problem. The problem is how our economy provides a median of exchange. In an economy doomed to failure with not enough money to pay off all the debt, lending more money is the only way to sustain the economy. So really all the banks have been doing is sustaining the unsustainable so we can live the life we live today. Now getting angry at the banks won’t do anything because if the banks stopped lending we would experience a great depression like we have never experienced before. In fact that is what we would have experienced if it were not for the government injecting more debt into the economy – solving the problem with the cause of the problem, but necessary under our current system.
The solution lies in changing the way we create money. Legislation needs to be passed to reform money at the governmental level.
The reform I promote is from the work of James Robertson. I have also worked with a gentleman called Ben Dyson who has put together a proposal that I fully endorse. You can see such a proposal for reform at http://www.bendyson.com.
I have not had time to put my proposal’s to paper as James and Ben have already done that and I spend most of my time presenting across the UK.
In short, I don’t blame the banks, blame is useless. All the things discussed in the press and in government are just symptoms of a greater disease. The problem needs to be reformed from the top. I will post a new article Shorty on the work I have been proposing with James Robertson and Ben Dyson.
One comment and one comment only. Traders exist – some make money, most lose money. The traders that make money make it at the expense of somebody else. It’s a zero sum game.
The markets are efficient, however you can make money trading if you implement the rules of trading psychology and risk management as outlined in the programme. In fact that is exactly what I do. In answer to your question, the markets are mathematically efficient. This is not a theory that eliminates the possibility of making money trading as academics like to use it to prove.
Trading provides the bread and butter for many people. I know many who trade for a living. A Prop House’s business model relies on making money trading. An Investment Bank pays millions to proprietary traders. This is not because the market is efficient otherwise they would not exist.
So in answer to your questions you are both right, it is just the context of your argument that is causing disagreement. Long term efficient, short term some lose ands win. Remember what you learnt on the workshop, always seek first to understand then be understood, appreciate and respect the other persons perspective and you will become so much wiser than those who seek to prove what they think is right without attempting to see both sides!
Dear Simon,
I attended your presentation at the Birbeck college and was greatly inspired by what you said. I have been studying the Professional Trading Programme and a friend of mine and I have been an argument about market efficiency and day trading. A lot of academic literature points to the market as being efficient and as such day trading is just another form of gambling. However could you please provide me with a practical and professional perspective of market efficiency and day trading?
Thanks and best regards.
Hi Simon, there are many (as said over 2000) various proposals of monetary reform. I am now trying to get at least little comprendium in it. The idea of monetary reform that You propose is closest to what I think is the most important thing to change (from all the concepts that I had opportunity to learn until now)- namely the private creating of money – I think You grasp the very core problem and focus on that. But I am rather confused from what seems to me to be very different types of Your activities – on one hand as a Monetary reformer on the other hand as an Expert in banking and finance careers helping people to get a job in these sectors… I would like to understand, how does it fit together. Please do not mistake me, I do not mean it ironically, I truly would like to comprehend that connection. And most of all I would like to know Your concept of the Monetary reform and its putting into action.
Thanks for your post. I am very familiar with the work of Ron Paul and the Austrian School of Economics. As I am a monetary reformer I like to stick to solutions for sustainable economics. The old left and right argument of welfare economics v. laissez faire is one that distracts from the real issues. I have my opinions on this, but under monetary reform how and who spends public money would be down to a democratic system as always. Under the current system governments are forced to take on more debt in order to inject the economy with a vital life support as money is debt. Governments under the current system are forced to exponentially and indefinatley increase spending in an economy with less money than debt. Larger government is an inevitabe consequence of the current system. In terms of cause and effect. Our monetary system is the cause and large governmne is an effect. You must tackle the cause first.
http://www.youtube.com/watch?v=Jbi-0Tg1b_g&feature=related
The real problem is big government, socialism, taxes, crony capitalism…….
The monetary unit merely supports the above…
The to the current problem is AUSTRIAN SCHOOL OF ECONOMICS, The abolition of fractional reserve banking, introduction of fiscal discipline with GOLD STANDARD.
The tradegy is that todays politicans love Keynesians Policies, always have always will, spend and tax!! Control the masses, solicalism, big brother states restricting Civil liberties.
Democracy is deemed to important for a different School of Thought, inspite of its intellutal rigour, Austrian Economics has never been given any serious thought as it limits the size and scope of government and hands the power back to the people.
The political and special business elite know the system is unstable but they need it to preserve the status quo of deficit spending.
TYPE RON PAUL into you tube for further info….
http://www.youtube.com/watch?v=efrt2h1AH_A
Simon,
Have you had an opportunity to read Ellen H. Brown’s “Web of Debt?” I believe it is an excellent exposition of the money/debt trap and how we escape the trap. Keep up the good work you do. We here in the “Colonies” will also press on.
Robbrian, USA
I recommend that you register for an an account with ODL, they will give you all the charting for free. See http://www.odlmarkets.com/
Hi Simon,
I recently purchased the BENEDIX PROFESSIONAL TRADER program, and it has been immensely helpful and insightful. I have been searching online for charting software which will allow me to use the indicators discussed in the program, but as of yet have had no luck. Can you suggest a program to use?
Best regards,
Charles
Yes there has been reckless lending but this is all diverting attention from the true nature of the crisis. The way our economy is structured debt must increase forever to prevent a depression. So bankershave been propping up an unsustainable economy. To arrive at this conclusion we must look deeper than the current propitanda about bankers.
Thankyou for your kind comments. To answer your questions I have been studying alternative economic schools of thought for about ten years now. I can’t take credit for the perspectives I write as there have been many great monetary reformers throughout history. It was one of the most heated political issues of the past. It has only left debate in the last few decades. Some of the great monetary reformers include Abraham Lincoln and Thomas Jefferson to mention a few. I will go all the way until it is discussed in the mainstream. Spread the word.
Hello Simon,
I attended you workshop in London last month and I must say it was brilliant. It’s all true what they say about your energy and charisma
I have also read all your articles about debt-based economy. It is a very fascinating point of view and it could explain a lot about an ongoing financial crisis as well as another financial crashes for the past century. Could you please tell me when did you started to analyse the real causes of financial crisis, and how did you come up with that brilliant idea? Is it really possible that most of the economists and politicians do not see the whole picture from this perspective, or they just try to cover it in order to avoid public panic?
I’d really appreciate your respond.
All best,
Aleksandra
Hi Simon,
Bankers have been under criticism for being a major contributory factor in the financial crisis due to greed.
To what extent do you think this is true? and do you think changes should be made to the remuneration system to influence the current attitude?
Best Regards,
Musa.
I am glad you enjoyed and I feel your attitude will take you far. For some recommended reading that will take you even further visit the following link and look at the recommended books under personal effectiveness.
http://careers-in-finance.benedix.co.uk/books/books_for_banking_and_finance.php
I am glad you enjoyed and I feel your attitude will take you far. For some recommended reading that will take you even further visit the following link and look at the recommended books under personal effectiveness.
http://careers-in-finance.benedix.co.uk/books/books_for_banking_and_finance.php
Highly recommended.
Dear Simon Dixon,
I did attend the City Professional Workshop on 21st of March at the Birkbeck University. You have an infinite inspiration and passion to bring happiness and well being into the people. To let them see that through constant and absolute commitment the positive result is achieved at the maximum certainty. In the workshop you did mention that could recommend the books that would inspire, navigate, develop and motivate to create a confident and successful personality. That in fact should be a must books in the home library. In this light I would highly appreciate if you could recommend these books, where I will dedicate my time and will to develop, master myself more and more.
Look forward to hearing from you soon.
Best regards,
Dilyara Satdinova
A couple of things you might want to get involved in:
1. I give a full days training for those seeking careers in banking and finance as part of their four step City Professional Programme. See a sample video or enrol at http://www.benedix.co.uk/candidates/banking_and_finance_training/workshop.php
2. I run a monthly traders and investors club for traders, private investors and those seeking careers in the trading field. It is open to all those who are graduates of the Benedix Professional Trader Programme. See a sample video or enrol at http://www.benedix.co.uk/members/protrader/
Hope to see you there.
Simon
Hi Simon, Thanks for the presentation at London Metropolitan University. Lots of good information, that I will be sharing with friends who couldn’t make it. Is there any other way I could get involved with activities you run, such as the monthly discussions about current events. Thanks again.
Thank you for the reply. I agree that it is important to fully understand ethics when discussing about Islamic finance. Look forward to the post on monetary reform.
@simondixon
Well Islamic Banking is certainly an interesting concept and is built upon a sustainable model – ie. 100% reserve banking. Islamic Banks are not involved in money creation and therefore Islamic states rely on their central bank for all money provision. So in that sense it is sustainable.
I do however feel that interest is a very important factor that drives growth in an economy. I understand the ethical arguments behind profit sharing over interest loans, however this is not an issue of sustainability, rather one of morality and morality is highly philosophical.
For the purpose of sustainable economics I see no problem with interest loans as a device to put together borrowers and investors and therefore no need for the west to adopt a fully Islamic banking system.
If you want to get philosophical about the implications and impact that interest has on the economy it is a very different subject altogether and one that diverts away from the true nature of sustainable economics to one of conflict resolution and an ideal for sustainable humankind.
In a nutshell – it is sustainable, but a model that is unnecessary and would involve huge reforms of the way we operate in the West. Much simpler (And more likely to be adopted) is the proposals for monetary reform that I will be posting in due course. Watch for further posts
There has been many arguments in favour of the Islamic banking system which suggest that Islamic banking system might be the solution to the current banking crisis. What is your opinion on this matter?
@simondixon
Thank you Cindy,
I appreciate your comments. If I have helped you get closer to achieving your goals then that makes me feel great, but remember being inspired is one thing, however achieving your goals is what is important. Most people underestimate what they are capable of. Focus and set yourself ambitious goals, keep dreaming and you will be surprised what you are capable of. If you need a mentor contact the team at Benedix (ww.benedix.co.uk 0207 490 5179) and they can guide you.
Keep up the good work
Hello
I just want to thank you for the conference you gave at the Grad Jobs last Friday. I am a graduate and your words really inspired me, I think that was what I needed to hear in order to organise my ideas and direct me in a way. I wish I could have a mentor as you did as I just moved from Mexico and still need to work on my network, but what you said really motivated me to start from zero a fight for what i want to do.
Many thanks.
Currently 97% of out money supply is created through private loans through a commercial bank. I suggest you check out the post ‘What is a debt based monetary system?’ to understand this concept. Only 3% of the money in our economy is created by the Bank of England debt-free. Nationalising our money supply would involve the Bank of England taking control of electronic money as well as coins and cash (It is currently illegal for anybody except the Bank of England and the Royal Mint to create coins and cash). Nationalising our money supply means electronic money would also be an activity of the Bank of England accountable to strict monetary goals. This money would then be given to the Treasury to spend for the benefit of the public debt free under the normal democratic process. Currently the activities of profit making loans and providing our economy with a medium of exchange is mixed up and done through private banks. Under the reform Banks would not be allowed to create new money, but would continue normal activities by lending out money that is deposited to them under a 100% reserve banking system (Much like Islamic banking operates, without the concept of banning interest).
I will be posting an article on a proposal for reform very soon. Remember I am not against debt, I am not against interest, I am not against banks and I am certainly not against the free market and capitalism. In fact I am a businessman who has a background in Investment Banking who understands orthodox economics and also understands what is sustainable and prosperous for all. Money is not serving us, we are currently servants to money because our money supply is privately created through loans. We have to nationalise our money supply eventually, it is a mathematical certainty.
Hello Simon, first i must say this wis a brilliant idea to have created a forum where people can express their views with regards to the current ecomic down turn. My name is fred Fonda and am very interested on the different monetary and fiscal policies the government is adopting in an attempt to tackle the current recession.
Elot of emphasis is being place on reducing the interest rate so as to stimulate spending and to increase the velocity of money. What i dont understand is how come no one is looking or paying any attention to the LIBOR. While the interest rate keeps falling every day, the libor keeps going up, If the banks them self are failing to realise they have contributed a great deal in bringing the economy to its present state and are not willing to lend amongs them self, how efficient can the bailout help solv the crises. Cant the government influence the LIBOR? so there can be some parity between the maket rate and the LIBOR.
Hi Simon, As an economist I’m really intrested in your views about a monetary reform. Can you just clarify and define what you mean by a ‘nationalised money supply’.