Parliament is going to devote 3 hours to debate money creation for the first time in 170 years on 20 November!
Fantastic!
Watch the online debate at this link.
The UK seems to be so far ahead in addressing this fundamental issue. In the USA we have the Kuchinch Bill but that is as close as we have come to serious discussion. Other cries to "End the Fed" don't really proclaim the issue, just nibble around the edges for mostly political self serving and odd ball philosophies. Some real thinking exists in the USA but nothing at the level that the UK will elevate this to.
PositiveMoney.org is a UK site. A place where they spell it "organisation". It gets attention there. I have always felt that the inclination of Brits to be empirical observers like Darwin runs strong in the national trait genetics. They can look at something objectively, organize their view of it logically and then make a clear simple, concise conclusion. Australians have this trait in their national character and maybe even a more pure one.
Bill Still talks about the upcoming Parliament Debate at this link. Bill Still makes clear statements about things that get to the essence of them. Delivery? Its unique but if he talked like Elmer Fudd it makes no difference to what he says. Maybe that is why it is lost on the media caused brain dead dummies used to the medium being the message.
This video linked from the Positive Money site: Money is at the root of our economic a social problems. The way the Brits speak is the other side of the coin that Bill is on and enhances the subject of discussion. For the media/message brain dead public it helps the medicine go down. For those that get it it adds a delightful flavor to the facts and truth. What is said in the video about the current monetary system is the absolute truth as well as the concluding statement that a positive money system will be much, much better than anything we had before.
This is going to be a Parliament debate. Something Americans are not used to. A public dialog where the issue is actually discussed not just some politician talking to empty seats or seats with filled with empty suits going unchallenged until the next speaker gets their turn to say something unheard. In the USA the debate takes place elsewhere and the question is how much will you donate to me.
Money creation, the power to create it and who really has it and how they do it and what that does to us is the greatest issue of our time. It is the sovereign right of a nation that has been pre-empted or more ditectly, stolen from out government. Stolen from the people. Even the recent Big Heist has had not response to "Call the Cops, I Been Robbed!" The public has been victimized like a battered wife for so long by the banking system that it is the norm with the only difference from day to day being the severity of the beating punctuating periods of recovery from the last beating.
Is MP Steve Baker the Dennis Kuchinich of the UK?
MP Steve Baker wrote this (pdf): Bank Reform Demands Monetary Reform It advocates full reserve banking with a plan to get there. Positive money in other words. Debt free money in even more words. Debt free positive money in its creation essence but debt free money that can be loaned for interest. Money that buys something as a medium of exchange (interest) just like it can universally buy anything that has a price. Interest on contractual debt is merely one of the billions of things that money can buy.
Debt must not the foundation base of a monetary system. The interest that the debt contract buys is merely a function of a Positive Money, Full Reserve Money System Foundation. How could we have gone so wrong in choosing the the base (debt) on which to build our monetary system to serve us.
We did not choose it is the answer. It is in our self endowed power to choose a different base on which to build a monetary system now. It is our right. The debt based banking system is a world wide enterprise. It is the natural right of all free people to choose its founding principals.
Bank of Dave
This is a US Monetary Reform proposal written in the form of an Act based on 100% reserve, debt free money.
A program For Monetary Reform (1939) was an interesting find that calls for 100% reserve and proposes an implementation plan.
Wikipedia describes "Full Reserve Banking"
Joseph Huber presents his thinking on Banking Reform at his website"Sovereign Money"
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