The Money Chronicle
Follow
Find
19.0K views | +36 today
 
Scooped by Dai
onto The Money Chronicle
Scoop.it!

Davos Still Pushes Failed Global Vision

Bill Black reports from Davos that the Global Competitiveness Report pushes countries towards even more deregulation - policies that helped trigger the crisis
more...
No comment yet.
The Money Chronicle
Issues dealing with money reform and changes to our monetary system
Curated by Dai
Your new post is loading...
Your new post is loading...
Scooped by Dai
Scoop.it!

▶ 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...
Dai's insight:

“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

more...
No comment yet.
Scooped by Dai
Scoop.it!

The Evidence Keeps Pouring In: Capitalism Just Isn’t Working

The Evidence Keeps Pouring In: Capitalism Just Isn’t Working | The Money Chronicle | Scoop.it
Everything is a potential market to the capitalist, but it’s time to end the suffering of ordinary Americans, which is very good for the profit margins, and make human life a top concern.
more...
No comment yet.
Scooped by Dai
Scoop.it!

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride | The Money Chronicle | Scoop.it
Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europe to the United States. China’s stock indices fell over 8 percent on Monday and another 7 percent today. On Wall Street, the Dow Jones Industrial Average initially fell a record 1,100 points before closing down nearly 600 points. The decline also caused oil prices to plunge to their lowest levels in almost six years. To make sense of what’s really behind the
more...
No comment yet.
Scooped by Dai
Scoop.it!

Why China Had To Crash Part 1

Why China Had To Crash Part 1 | The Money Chronicle | Scoop.it
In this post I consider the economy in general: I’ll cover asset markets in particular in the next column, but you’ll need to understand today’s post to comprehend the stock and property market dynamics at play. Having said that, the Shanghai Index fell another 7.5% on Tuesday, after losing 8.5% [...]
more...
No comment yet.
Scooped by Dai
Scoop.it!

COMER Seminar PT1 - Ann Emmett, Al Rosen, Tony Crawford, Rocco Galati -The Bank of Canada - YouTube

Please watch the COMERS presentation "CROOKS, CHEATS AND CONS IN PRIVATE BANKING: All you wanted to know about MONEY but were afraid to ask" at the Toronto C...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Ann Emmett on The Bank of Canada - COMER Seminar Money, Tax & Poverty (Pt.2) - YouTube

Toronto, Ontario, January 24, 2015. Toronto City Councillor Kristyn Wong-Tam describes her experiences researching and petitioning for Public Banking at COME...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Canada to control its own money ? - YouTube

(Bill Abram/Snowshoefilms 3-parts) THE CRIME OF THE CANADIAN BANKING SYSTEM For nearly 40 years, Canada - the people of Canada - had control of their own cur...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Canada's Great Experiment: 1935-1974 - YouTube

(Bill Abram/Snowshoefilms 3-parts) THE CRIME OF THE CANADIAN BANKING SYSTEM For nearly 40 years, Canada - the people of Canada - had control of their own cur...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Canada Issued Debt-Free Money From 1935-1974 - YouTube

Bill Abram briefly talks about growing up during the depression in Alberta Canada, before describing Canada's experience of debt-free money issue from 1935-1...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Princes of the Yen: Central Bank Truth Documentary 『円の支配者』 - YouTube

“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of power...
more...
No comment yet.
Scooped by Dai
Scoop.it!

About us

About us | The Money Chronicle | Scoop.it
The Deutscher Sparkassen- und Giroverband (German Savings Banks Association, DSGV) is the umbrella organisation of the Sparkassen-Finanzgruppe.

It is funded by the regional savings banks associations together with the Landesbanken. It represents the interests of the Sparkassen-Finanzgruppe on banking policy, regulatory law and other banking industry issues on a national and international level. It also organises decision-making and stipulates strategic direction within the Group, acting in cooperation with the regional associations and other Group institutions.
more...
No comment yet.
Scooped by Dai
Scoop.it!

L. Randall Wray -- MODERN MONEY: the way a sovereign currency "works" - YouTube

Economics Professor Randy Wray answers the questions: What is Money? Why is at accepted? What is the relationship between money & government? What backs up o...
more...
No comment yet.
Scooped by Dai
Scoop.it!

The roots of MMT do not lie in Keynes

The roots of MMT do not lie in Keynes | The Money Chronicle | Scoop.it
I am currently working on an introductory chapter to a collection I have prepared for my publisher (Edward Elgar) which describes the evolution of Modern Monetary Theory (MMT). The task might appea...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Robert Reich: In The New Economy, Workers Take On All The Risk

Robert Reich: In The New Economy, Workers Take On All The Risk | The Money Chronicle | Scoop.it
On August 24, 2015, Robert Reich writes on AlterNet:
As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Flexible Standards, VIII: An Elastic, Asset-Backed Currency

Flexible Standards, VIII: An Elastic, Asset-Backed Currency | The Money Chronicle | Scoop.it
Here’s the secret to keeping calm amidst all the panic on Wall Street yesterday.  All you have to do is keep on thing in mind: like the preacher’s watch on the pulpit during the sermon, “It don’t mean a damn’ thing.”
Nothing new under the sun ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Past and Future Savings, I: Outside the Parameters of the Question

Past and Future Savings, I: Outside the Parameters of the Question | The Money Chronicle | Scoop.it
We got into a discussion last week with someone who insisted that the whole concept of future savings and thus of Capital Homesteading is a scam: you can’t promise to deliver what doesn’t exist.  To that, of course, we answer, “Why not?
more...
No comment yet.
Scooped by Dai
Scoop.it!

KEYNOTE ADDRESSES -- Randall Wray and Bob Jessop (2011)

THE CAPITALIST MODE OF POWER: PAST, PRESENT, FUTURE The Second Forum on Capital as Power, October 2011, York University ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride - YouTube

DemocracyNow.org - Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Kristyn Wong-Tam on Public Banking - COMER Seminar Money, Tax & Poverty(Pt.1) - YouTube

(Bill Abram/Snowshoefilms 3-parts) THE CRIME OF THE CANADIAN BANKING SYSTEM For nearly 40 years, Canada - the people of Canada - had control of their own cur...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Index

Index | The Money Chronicle | Scoop.it
00. Introduction 01. History of Modern Money 02. Essential Features of Modern Money 03. Modern Money at Work 04. Fiat Money 05. National Economy: Accounting Algebra 06. Deficit Spending 101 Part 1 ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

INTERNATIONAL: Basic Income makes unprecedented political progress | BIEN

INTERNATIONAL: Basic Income makes unprecedented political progress | BIEN | The Money Chronicle | Scoop.it
The momentum behind Basic Income has been gaining ground for some time now, with more and more media attention including articles in publications such as The Economist and the Washington Post and a community on reddit that just passed 20,000 subscribers and is still growing. That’s not to mention the huge amount of signatures collected for the European Citizen’s Initiative
more...
No comment yet.
Scooped by Dai
Scoop.it!

A post-bank alliance with social credits

A post-bank alliance with social credits | The Money Chronicle | Scoop.it
An alliance between credit unions and the post office network could provide the most innovative and far- reaching initiative in Irish retail financial services for more than a generation.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Public Banking Forum of Ireland » PBFI – Founded June 2013 – Banking in the Public Interest

Public Banking Forum of Ireland » PBFI – Founded June 2013 – Banking in the Public Interest | The Money Chronicle | Scoop.it
more...
No comment yet.
Scooped by Dai
Scoop.it!

Weekly Economics Podcast

Kirsty Styles chats to James Meadway, Chief Economist at the New Economics Foundation, and other guests to break down the big economic issues in the UK and beyond. New episodes on Mondays.

Produced b
more...
No comment yet.
Scooped by Dai
Scoop.it!

What is people's qe?

What is people's qe? | The Money Chronicle | Scoop.it
Labour leadership hopeful Jeremy Corbyn has a controversial plan for a People's QE. Would it work? Simon Wilson investigates.
more...
No comment yet.