“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves… When a bank makes a loan to one of its customers it simply credits the customer’s account with a higher deposit balance. At that instant, new money is created…”
the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks. Banks first decide how much to lend depending on the profitable lending opportunities available to them…It is these lending decisions that determine how many bank deposits are created by the banking system. The amount of bank deposits in turn influences how much central bank money banks want to hold in reserve (to meet withdrawals by the public, make payments to other banks, or meet regulatory liquidity requirements), which is then, in normal times, supplied on demand by the Bank of England
Tweet You are invited to the meeting of CAMBRIDGE Positive Money local group. Agenda: Discuss two more videos from the PM resources page of the web site with pauses for discussion whenever a point needs illumination.
In recent postings we’ve seen what can happen when an economy shifts from a uniform and stable asset-backed reserve currency, to one that is worth what the government says (or hopes) it is worth, and changes the standard to meet political needs,...
Get a cup of coffee. This important post gives an in-depth analysis that helps explain how bad conduct was covered up or glossed over by the FCIC, and how much of the media fell in line with the official, sanitized story.
On March 22, 2015, Norman Kurland, Center for Economic and Social Justice (www.cesj.org) writes: Attached is an excellent set of quotes by Pope Francis and their sources developed by the US Conference of Catholic Bishops. You may want to use some...
The benefits are astounding: the American public would no longer pay over $400 billion every year for national debt interest payments (because almost 50% of the debt is intra-governmental transfers, this is a savings of over $200 billion/year).
On March 18, 2015, Julia La Roche writes on Business Insider: Legendary hedge fund manager Paul Tudor Jones II gave a dire warning about the growing gap between the rich and the poor in the US during a sold out TED Talk in Canada this week.
A quick quiz: which four countries do you think have done the most to reform their economies over the last seven years? OK, who said Greece, Portugal, Ireland and Spain? No one? Actually, someone did: the OECD.
The below “Statement of Shared Vision and Solidarity” was authored by the Center for Economic and Social Justice (www.cesj.org) and adopted early in January 2001 to bring together people from around the world to show solidarity and support for the...
On March 23, 2015, Filip Karinja writes on InfoWars: You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months.
One of the strengths of Modern Monetary Theory (MMT) is that it provides a clean analytical framework for the analysis of "modern" economies (economies with a free-floating currency and which controls its central bank).
This is a YouTube video was published on February 23, 2015: The caption reads: There is a third way – an alternative to capitalism and socialism. But this new system can only come into being as we set aside traditional paradigms.
Europe Tilts East Towards China (1/2) Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing...
A recent blog by Clint Ballinger highlights some of the similarities and differences between Positive Money’s proposals and those of Modern Monetary Theory (MMT) and other Post-Keynesian types of analysis.
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.