James Robertson Monetary Reformer and author of ‘Monetary Reform: Making It Happen’ and ‘Creating New Money’ Update on Banking and Monetary Reform…
Thought you might be interested…Simon Dixon Details
Thought you might be interested…Simon Dixon Details
Monetary Reform – Could 2011 be the year that Banking and Monetary Reform takes a quantum leap forward to the mainstream?
On Friday December 17th Congressman Dennis Kucinich took a crucial andSimon Dixon Details
Positive Money has been set up be Ben Dyson for those who want to take an active role in the Monetary Reform movement.
Here is a video from Ben Dyson on how money works. This is part 1 of a series.Simon Dixon Details
EconomicStability.org’s interview with British entrepreneur and monetary reformer Simon Dixon, recorded during the American Monetary Reform Conference, Roosevelt University, Chicago, IL. Simon shares his tips for getting the message of monetary reform out—to bankers, in particular.Simon Dixon
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 www.bendyson.com.
The following is a proposal for reform that can be implement in the UKsimondixon Details
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.simondixon Details
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 focusingsimondixon Details
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 philosophysimondixon Details
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 foreignsimondixon Details
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.simondixon Details
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 numberssimondixon Details