We believe that the activity of supplying a nation with money should be completely separate from the activity of banking. What we need to do now is update that law from 1844 to make the digital money real money. It could be electronic money, but it needs to be classified as money. We just want banks to be like every other private company in the economy, to be subject to market discipline.
Getting elected to Parliament is not the issue, it's getting the issue of money reform into the public domain so people will begin to talk about it. Safe banking - Banks should not be able to gamble with your money without your permission, so they should offer two types of account. One is a safe account, a transactions account. Put your money in there, the bank doesn't lend it, they don't put it at any risk whatsoever.
Credit organizations do not always issue loans. If the bank refused, the question arises, what is needed to take out a loan and how to increase the chances of approval. When considering applications, the bank pays attention to the following nuances:
The client can apply to several institutions at the same time, and after receiving approval, choose the most profitable option for himself.
Not if it doesn't make a profit for them. Instead, they use their licence to print money to gamble on the financial markets and push house prices out of reach of ordinary people by pumping hundreds of billions of pounds into risky mortgages. This is exactly how the banks caused the financial crisis, and now the rest of us are being asked to pay for it. If we can't afford to run hospitals and build schools, can we really afford to subsidise the financial industry? Should we have to live with less so the bankers can have more?
During the long phase of commodity money, because there is no defined commodity behind the reserve currency. During the long phase of commodity money, the exchange rate would depend on the amount of gold, silver or copper contained in the coins of each country.
It's because prices are always going up because all this new funny money is being pumped into the system by the banks and they're creating it all as debt, so as prices are going up and things are getting more expensive, we're getting further and further into debt, and our wealth and the return that we get from actually working is getting less and less all the time.
The math that's inside of them is complete nonsense it turns out. There's far more risk attached to trying to securitise risk and securitise debt in the way that we have done this than we thought, and we now think these things are now worthless!