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Positive Money » 'Serving Human Needs – What is an Economy for ...

Positive Money » 'Serving Human Needs – What is an Economy for ... | The Money Chronicle | Scoop.it
You're invited to an event titled 'Serving Human Needs or Creating Money – What is an Economy for?'. As our Government and many individuals struggle to overcome the problems of massive debt, austerity, and the ...
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The Money Chronicle
Issues dealing with money reform and changes to our monetary system
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▶ Money creation in the modern economy - Quarterly Bulletin article - YouTube

For the Bulletin article on money creation, see: www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf Film...
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“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

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OpEdNews Article: Article: Why Our Government Needs to Take Over the Federal Reserve Bank ASAP

OpEdNews Article: Article: Why Our Government Needs to Take Over the Federal Reserve Bank ASAP | The Money Chronicle | Scoop.it
Taking over the Fed is the missing element needed to move humanity back from the brink of economic destruction and nuclear disaster, away from a future dominated by fraud, ugliness and warfare, toward a world of justice and beauty. Who gets the power to create money is the question that's at the heart of monetary reform, and this power is awesome, at times stronger than the executive, legislative and judicial powers combined.
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Guess What’s Destroying The Middle Class?

Guess What’s Destroying The Middle Class? | The Money Chronicle | Scoop.it
On March 25, 2015, Noah Smith writes on Bloomberg View:
Perhaps the biggest question in American political economy right now is why middle-class wages have been falling. There are three main hypotheses.
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The Universal Man: new Keynes biography looks beyond the economics - The National

The Universal Man: new Keynes biography looks beyond the economics - The National | The Money Chronicle | Scoop.it
A new biography of John Maynard Keynes is right to look beyond the economics he’s chiefly remembered for.
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As if being able to create money out of thin air was not enough…

As if being able to create money out of thin air was not enough… | The Money Chronicle | Scoop.it
Every week, new banking scandals and stories of corporate tax dodging are in the news.
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Demonstration of Minsky at UK System Dynamics Conference

The UK Chapter of the International System Dynamics Society invited me to speak about my Minsky software at its annual conference on March 26. This is my talk, where I poked some fun at economists and their ignorance of system dynamics.
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The Fed Has Not Learnt From The Crisis

The Fed Has Not Learnt From The Crisis | The Money Chronicle | Scoop.it
The Financial Crisis of 2007 was the nearest thing to a “Near Death Experience” that the Federal Reserve could have had.
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Entrevista a Randall Wray

Entrevista a Randall Wray | The Money Chronicle | Scoop.it
Entrevista a Randall Wray
The full interview with NEP’s Randy Wray by EKO de Público TV in Spain. This is the complete interview. Questions from the interviewer are in spanish. Randy’s responses are subtitled in spanish.
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News from the Network, Vol. 8, No. 13

News from the Network, Vol. 8, No. 13 | The Money Chronicle | Scoop.it
This week has been very busy, but mostly because we’re preparing for upcoming events, notably the annual Rally, this year stressing “Own or Be Owned”: if you do not own capital, you soon become owned as capital — what they used to call “slavery”...
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▶ Mark Duggan officer cleared: Allegations of police brutality pile up against British forces - YouTube

Mark Duggan officer cleared: Allegations of police brutality pile up against forces in Britain. RT's Laura Burdon-Manley reports. READ the full Mark Duggan s...
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Local group meeting - Cambridge - Positive Money

Local group meeting - Cambridge - Positive Money | The Money Chronicle | Scoop.it
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.
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How to Restore an Asset-Backed Reserve Currency

How to Restore an Asset-Backed Reserve Currency | The Money Chronicle | Scoop.it
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,...
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Billl Black: The Lessons Richard Bowen’s FCIC Testimony Should Have Taught the Nation

Billl Black: The Lessons Richard Bowen’s FCIC Testimony Should Have Taught the Nation | The Money Chronicle | Scoop.it
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.
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Japan owes debt to itself

Japan owes debt to itself | The Money Chronicle | Scoop.it
Max Walsh's column on Japan's debt understandably omits to note that Japan has broadly pursued the economic principles of Social Credit since C H Douglas lectured there circa 1930 ("How Japan could still throw off the shackles of debt", AFR March 25).
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Social Credit Series October 2014 - Social Credit Economics - M. Oliver Heydorn Ph.D

Social Credit Economics - M. Oliver Heydorn Ph.D.
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Bill Black: Meet Citi’s Ethical Underwriter Who Fought and Won: Sherry Hunt

Bill Black: Meet Citi’s Ethical Underwriter Who Fought and Won: Sherry Hunt | The Money Chronicle | Scoop.it
How Citi ran into a buzz saw and lost a False Claims Act case when it tried stymieing whistleblower Sherry Hunt. But true to form, the DoJ took the easy way out.
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How the Banking System Affects Democracy - Positive Money

How the Banking System Affects Democracy - Positive Money | The Money Chronicle | Scoop.it
Tweet 1. We’ve given the power to create money to the banks, with no accountability Banks create money when they make loans, which means that they effectively control where...
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Help Make A Political Revolution

Help Make A Political Revolution | The Money Chronicle | Scoop.it
On March 29, 2015 Senator Bernie Sanders writes:
Dear Gary,
Thank you so much for the political and financial support you have given me over the years. It is much appreciated.
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Positive Money

Positive Money | The Money Chronicle | Scoop.it
We're launching a petition calling for the government to ensure the power to create money is only used in the public interest. Please add your name - it takes just 5 seconds.
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Better ways to boost eurozone economy and employment (FT) - Positive Money

Better ways to boost eurozone economy and employment (FT) - Positive Money | The Money Chronicle | Scoop.it
Tweet It is time for the European Central Bank and eurozone central banks to bypass the financial system and work with governments to inject newly created money directly into the real economy, reads the letter in Financial Times, 26th March … Continue...
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Modern Monetary Theory and Mr. Paul Krugman: a way forward

Modern Monetary Theory and Mr. Paul Krugman: a way forward | The Money Chronicle | Scoop.it
By Pavlina Tcherneva
“There is nothing more deceptive than an obvious fact.”
— Arthur Conan Doyle (The Adventures of Sherlock Holmes)
The fact that the U.S. government is a monopoly issuer of the U.S.
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▶ Bankers Avoid Jail Time in Tax-Evasion Case - YouTube

Bill Black says two Credit Suisse bankers who made a deal to avoid jail time are minor players compared to executives who faced no punishment at all
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Regional Banks Say Regulation Costs Too High - YouTube

Senator Elizabeth Warren challenges attempt to exempt regional banks with less than $250 billion from Dodd-Frank regulation
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Social Credit Series October 2014 - Social Credit Philosophy - M. Oliver Heydorn Ph.D

Social Credit Philosophy - M. Oliver Heydorn Ph.D.
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WASHINGTON JUST DIPPED INTO RETIREMENT SAVINGS TO FUND ITSELF

WASHINGTON JUST DIPPED INTO RETIREMENT SAVINGS TO FUND ITSELF | The Money Chronicle | Scoop.it
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.
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Brian Romanchuk — Primer: Can We Consolidate The Central Government And Central Bank?

Brian Romanchuk — Primer: Can We Consolidate The Central Government And Central Bank? | The Money Chronicle | Scoop.it
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).
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