I will be speaking at the American Monetary Institute’s Annual Conference in Chicago. The conference runs from September 30th October 3rd 2010. More details here: http://www.monetary.org/2010conference.html Chicago is an incredible city and well worth visiting in its own right, and the conference last year was outstanding. #af-form-327117934 .af-body .af-textWrap{width:70%;display:block;float:right;} #af-form-327117934 .af-body a{color:#FFFFFF;text-decoration:underline;font-style:normal;font-weight:normal;} #af-form-327117934 .af-body input.text, [...]
Read "AMI Annual Conference 2010" > > >AMI Annual Conference 2010
July 30th, 2010Call4Reform – How the Campaign is Shaping Up
June 28th, 2010I just posted an update on the strategy and the structure of the Call4Reform campaign on the Call4Reform site: http://www.call4reform.org/2010/06/calm-before-the-storm-plans-for-the-campaign/ A lot is happening behind the scenes, and we are preparing the infrastructure for a campaign that can grow to 100,000 campaigners. Everything should be ready by late September – just as the evenings start [...]
Read "Call4Reform – How the Campaign is Shaping Up" > > >Blueprint for the Future: How Monetary Reform Can Change the World
November 3rd, 2009As a global society, we can have almost everything we can imagine. The ideas of scarcity, that ‘We can’t afford it’ or ‘It’s too expensive’, are hangovers from the last 100 years of economic thought. There are a few natural constraints that we need to pay attention to, of course, but it is time to [...]
Read "Blueprint for the Future: How Monetary Reform Can Change the World" > > >The ‘People’s Bonus’: What Monetary Reform Means for You
November 3rd, 2009The media furor about banker’s bonuses continues. However, monetary reform would effectively create a ‘people’s bonus’ of around £5,000 for every adult in the UK, at no cost to anyone. How is this possible? Surely there’s no such things as a ‘free lunch’? Well, yes, there is such a thing as a free lunch. Peter [...]
Read "The ‘People’s Bonus’: What Monetary Reform Means for You" > > >Some Predictions for the Future: Complete Collapse of the System
October 11th, 2009By 2029, fractional reserve banking will be no more. The banking system will have been either replaced (by a system based on the proposals on this site), or it will have completely imploded. The rescue efforts of the UK, US and European governments have been fundamentally pointless – simply postponing the ‘final collapse’ by a [...]
Read "Some Predictions for the Future: Complete Collapse of the System" > > >Recommended: Steve Keen’s Debt Deflation
October 9th, 2009Steve Keen is a university-based economist who is blessed with the power of independent thought! His ‘Debt Deflation’ website explains what is really going on in the economy, with full economic and statistical analysis. I highly recommend it: http://www.debtdeflation.com/blogs/ It’s gradually becoming obvious that around 98% of university professors and government economists have got it [...]
Read "Recommended: Steve Keen’s Debt Deflation" > > >Reform will Benefit the Pension Funds & Asset Management Firms
October 7th, 2009Many people assume that reforming the banking system to prevent commercial banks creating money (through the fractional reserve banking system) will hurt the financial sector as a whole. After the recent crisis, it might be natural to Wall Street or the City as ‘the enemy’. However, the truth is that pension funds, asset management firms, [...]
Read "Reform will Benefit the Pension Funds & Asset Management Firms" > > >How Banks will be Affected by Reform
October 7th, 2009Because 97% of the money supply has been created by commercial banks through the ‘multiplier effect’ of fractional reserve banking, the commercial banking sector is effectively charging interest on 97% of all the money supply in existence. The money supply in the US is around $14.6 trillion, and around £1.8trillion in the UK. Assuming that [...]
Read "How Banks will be Affected by Reform" > > >Clarification: The 100% Reserve Solution Doesn’t Require Banks to Hold 100% Cash
October 7th, 2009Some proposals that follow the 100% reserve solution specify that banks hold one physical unit of currency for every unit of currency paid in by depositors. For example, if I paid £100 into my current/checking account, and therefore hadn’t given the bank permission to loan the money out, the bank would be required to hold [...]
Read "Clarification: The 100% Reserve Solution Doesn’t Require Banks to Hold 100% Cash" > > >Progress in Congress: The American Monetary & Financial Security Act
October 7th, 2009Lastest Update: 30th January 2010 In the next few months, legislation will be introduced into the US Congress proposing a reform to the banking system along the lines of that promoted on this site – in short, to prevent the private creation of money and to start creating money publicly for the benefit of the [...]
Read "Progress in Congress: The American Monetary & Financial Security Act" > > >