If you have mobbed you can lend it.

If you don’t have money you can borrow it.

If you want to be an entrepreneur you can borrow money, lend it and repay your loan in the future.

If you don’t have money and don’t want to borrow there is nothing you can do but figure out how to get more money.

But if you lend money that does not exist, it is fraud and you face the consequences of getting caught and going to prison.

This is how every person and company works and it makes sense.

Why should a bank be different?

There should be one exception to this rule and that should be the institution responsible for creating money. There goal should be to control inflation and deflation only and I believe that should not be a private bank but a institution acting for the public interest only.

Mixing money creation and profit making loans is a disaster.

Giving government control of printing money is a disaster.

Banks should lend money that they persuade people to deposit with them.

The government should decide how to spend the money supply through a democratic process.

The institution in charge of con rolling inflation and deflation should determine the optimum money supply to control inflation and deflation. I think this should be the bank of England in the UK independent of the government.

Money is given or taken to or from the government debt free to spend (The treasury in this case) as they wish subject to democracy.

There is only one money supply and it is directly controlled rather than indirectly through the government.

All money made from the privilege of making money is then used for the public rather than private profit and if the government wishes they can pay off their national debt in a way that does not cause a depression as it currently would.

This makes sense. The current system will collapse. When?

I don’t know.

There is a Mosel on how to make the transition that I will not go into here.

fraction reserve banking is a crazy system that nobody would think of apart from William Paterson when he constructed his business plan to create the Bank Of England and King William accepted out of desperation and the system has been exported across the world with serious consequences.

money is not scarce, it is a human creation to facilitate trade.

hope this helps.

Simon.

PS if this is filled with typos and mistakes it is because I am doing this from an iPad in a taxi. LOL.

Another question. As far as I can see fractional reserve banking could operate well if debt-free money came from banking expenditure.

Suppose on day 1 of the system the treasury creates $100 which is deposited in a bank. The bank in turn lends out $900 through 10% fractional reserve banking @10% interest such that $990 is owed back. As say, $500 is paid back to the bank there’s now $400 in circulation, $454 owed back to the bank but if the bank spends the $500 it just collected then there’s $900 in circulation again and only $454 owed back to the bank. Is this how it’s supposed to operate?

Great work.
I’ve been studying our financial system and the origins of money for the past year or so and have been amazed at what I’ve ‘discovered’ even though the evidence is all around us.

Anyway I chat to people too and I try to offer a solution in the form of a sustainable economy based on permanent debt free money spent into circulation. But I come up short on how the banking system will work.

As far as I can see banks with a 100% reserve ratio can’t do a thing with the money. As soon as they lend anything out at all they have less money in reserves than they owe their depositors.

But let’s say under a new system they do lend money out which has the potential to become a deposit in another bank. Will the banking system have to distinguise between new deposits that come from permanent debt-free sources and deposits that come from loans. If not, I fear we’ll have fallen for a fractional reserve banking system again where a portion of our money is created as debt.

Really enjoyed your presentation today.
Didn’t get chance to speak to your colleague regarding connections to Universities – I actually help Post-Grad students with their Thesis, at Middlesex University – so have good link there.

Let me know what you need from the University – and I will let you know if I can help hook you up.

Thanks
Simon

I recieved your email regarding the 5 videos, unfortunately I was having problems listening to it. I did check the microphone on my computer and that is ok. I am interested in listening to them. I did enyoy your seminar that I attended last year, I found it very motivating. So far I have read the 7 Effective Habits by Covey and enjoyed it. I have looked the Traders Home tutoring and have been studying the technical analysis. I have also attended the monthly 3 hr class with Kevin and have gained more knowledge eg the dollar gold and how they have an impact on the market. I did start doing paper trading and was surprise I did make some money app $3000 over two days. I felt good ad would like continue as I am intersted in trading. Is there a class this month becuase I have not recieved an email. Is there a possibilty of asking you about the market, your opinion.

I recieved your email regarding the 5 videos, unfortunately I was having problems listening to it. I did check the microphone in my computer and that is ok. I am interested in listening to them. I did enyoy your seminar that I attended last year, I found it very motivating. So far I have read the 7 Effective Habits by Covey and enjoyed it. I have looked the Traders Home tutoring and have been studying the technical analysis. I have also attended the monthly 3 hr class with Kevin and have gained more knowledge eg the dollar gold and how they have an impact on the market. I did start doing paper trading and was surprise I did make some money app $3000 over two days. I felt good ad would like continue as I am intersted in trading. Is there a class this month becuase I have not recieved an email. Is there a possibilty of asking you about the market, your opinion.

I attended your seminar last week on Banking and Finance and found it to be very informative and interesting, particularly your opinion on monetary reform. I am interested in pursuing a career in economics and was delighted to hear that you said that there were opportunities working on your projects. I was wondering if I could get any more information regarding these opportunities as I believe that I could really develop by working on your projects.

I understand that you are a very busy person, but I hope to hear from you soon.

Kind regards

Tom Poulter

glad to help. Here are my tips. Most people come to me when they want to become more profitable in trading and ask for new strategies and new techniques. I can give you strategies and techniques and mine are really simple. In fact I give you my strategy in the professional trader programme you bought. Yes you will need to know the technicals and we will expand on those when you come to the traders club. You must exercise the discipline of attending every month no matter what. Trading is all about ritual and discipline. Organise your life and plan ahead so you never miss it. This is the same as trading – it’s all discipline and ritual. Once you have the technical knowledge and have mastered ritual and discipline there are only two reasons why you don’t make money -

Risk Managment and Psychology.

In fact most people think it is strategy so stray to go into ever more complex strategies and boy do they get complex. This re inforcess the belief that if it is more difficult and they are smarter they will start to make money. Nothing could be further from the truth. Psychology is the key. You want to be the best trader I challenge you to do two things -

1. Go to the Benedix career centre and purchase a book under recomended Reading for trading by Mark Douglas. Look up the title once you are there as I want you to find it rather than me telling you.

2. Come to TIC and when I am there ask me about the 30 day strategy. Implement this and you are on your way to earning all the money you want trading.

I’ll see you there.

Simon

I attended your seminar in October and found it very motivatiing. I am finishing my degree in Business Finance soon and my keen interest is in trading. I have also registered the trading course which is being held once a month but was not able to attend the Oct and Nov class but will for Dec. I would like to improve my trading skills and wondered whether you have any advise on this. Thank you Shanti

It seemed that I was more tired from concentrating and actively thinking during the workshop on Saturday than you after you the workshop on Saturday. I had a question but I left for this moment as there were too many people around you, which is good.
My question: (Before you were married) What was your balance between your academic work/self-development/job seeking and outside interests?

I really enjoyed the workshop and I am suggesting everyone to attend it, who wants to get into Finance and Banking

Many Thanks

my intention is to promote monetary reform in my country (Slovakia). Now I am preparing a website in slovak language with most information from Your website, from Ben Dyson, Joseph Huber and from the book Creating new money.

I really like the video lesson that You have on Your homepage and would like to use it on my website – with slovak subtitles. I would like to kindly ask You, if it is ok, if You agree.

Thanks a lot.

Mira, Slovakia

influence (and please don’t get this confused with manipulation as ethics is the highest value of a true imfluencer) is a skill everybody must master to move forward. Nothing moves unless somebody influences first. I suggest studying the great influencers like Ghandi and Mother Teresa. The best thing for you though and your career is I have a section dedicated to influence in banking and finance during the city professional workshop. My advise woyld be to take advantage of your subsidy and attend one of the two remaining workshops in London. I will guide you on this subject step by step.

For you to fulfil your life mission, one must master communication. Keep that mission alive.

Simon

I was yesterday in your work shop at the University of Glasgow. You mentioned that very useful skill is the influencing skill. Business department is providing courses the Art of Influence, vut I have missed the opportunity to do it. I was wondering could you suggest any sources (literature or books etc) that could develop such a skill.

Many Thanks

I attended your workshop at Napier university today. It was a really nice presentation and gave a different insight into the banking and finance industry. I really liked the different categories of employers and I have never personally come across such differentiation of banking and finance companies. I am keen to attend other events soon.

Thanks for sharing important information.

Regards
Siva

thanks for your comments. Although it would be ideal to go straight to stocks. We cannot be to fussy when opportunity knocks. Beijing is broking and any broking experience will do the world of good in progressing your career. You should do your SII exams on the side to develop your financial market knowledge and in land or FX broking take every advantage to develop your sales and persuasion skills.

Good luck

I recently attended the Banking and Finance workshop that was held in UCL on 5th September 2009 and was really pleased that I went. The insight you gave me into the Banking and Finance world has done me the world of good in knowing exactly what I want to do within the industry which is be a successful Stockbroker. I have started to apply for Trainee Broker positions but just wanted to ask whether getting a position within FX sales or Land/Investment Broking is a positive step forward as there are many of these positions avaliable.

I have not come from a finance background but am graduating in October 2009 with a degree in English Literature so I know that hard work has to be done and am seeking a way to get my foot in the door. If you could get to me that would be a great help.

With Thanks

Letrois Bernard