Earthlinggb's Blog

Positive Money: Change Agents

Posted in Finance, Money by earthlinggb on May 14, 2014

I received the following from “POSITIVE MONEY” today in my email. I think it is important that we look at exactly what these people say, who they collaborate with, how they gain access to The Bank Of England in the first place and how they gain access to Parliament. Also, who funds them and what their overall message is. Then we must also recognise that the bottom line of “Positive Money” is to maintain the Banking System, the Bank of England, Government spending/borrowing and, therefore, government debt. For even if they were to remove Private debt from the equation and have money spent into the economy by the government, they still promote the maintenance of the Bank of England, a tax regime, the control of the money issuance to those who a small group of people decide to issue to and, we have to assume, they do not intend, then, looking at the ownership of property, the legal control of money and property and how, still, those who have created and maintained this system of money (which “Positive Money” themselves know has been a corrupt creation from the beginning, otherwise they would not be doing the work they do) will continue to benefit from a still existing Central Banking system they created.

I’ll make comments throughout in blue and discuss the video and what is said while trying to point out the obvious (but unstated) result/reality of what is being said.

 

Dear Earthling,
We have some seriously big news to announce!

1) Huge milestone in our campaign

When we launched the Positive Money campaign 3 and half years ago and started talking about the fact that banks create money, we were faced with disbelief and shock. A common response was: ‘I don’t believe you. I think you just made that up.’ We had to spend a lot of time and energy to convince people that this is the way the system works. And there is the first and most basic piece of misinformation – that the Banks create money. They do not create it, they are given licence to ISSUE it. This is an absolutely fundamental and important point to fully understand. It appears a subtle difference but it is not.

At that time there was no official document by the Bank of England describing how the money system really works and serious factual misinformation in economics textbooks.

That was a time when we could only dream of these kind of tweets from the Bank of England:

B of E tweets

YES, it looks like it was copied from the Positive Money website… and NO, this is not a spoof …These are real tweets from the real Bank of England’s twitter account!

Now, after 3 and half years of hard work, after we teamed up with the New Economics Foundation and wrote “Where Does Money Come From?” in order to have something to back our arguments, now – at last – the Bank of England has released official papers explaining that money is created by commercial banks! And there’s even an official video about it!

[As an aside but perhaps an important one nevertheless, notice that this guy is reading from a script. It doesn’t appear as if he is from what you see but what you hear from his answers and the intonation of his voice and the deliberate, slow way he is speaking, he IS reading from a script. He is like an auomaton. There is another “interview” with another guy from the B of E and he is doing precisely the same. The Bank of England itself is wanting this change in the monetary system as are many “charities”/Foundations such as The New Economics Foundation and The Hadley Trust who fund “Positive Money”. However, they want to control how that change is effected and what it leads to. I suggest you look very closely at these Foundations and “Charities”. “Positive Money” while telling you 90% truth, is once more, a change agent still keeping within the remit of “Banks create money” in one way or another. Yet, they explain pretty much how it all works but still in the hope that that penny doesn’t drop]

The Bank of England is the first major central bank in the world – that we know of – to publish something as clear and explicit as this.

This means a huge milestone in our campaign for a just and fair money system. Finally, there’s a simple video and a paper to send to all those economists, academics, politicians and anyone shaking their head in disbelief! It should reduce drastically the time wasted in persuading people of all types to accept our analysis of the problems.

We’d like to say a BIG Thank you to all of you who helped us to get to this point!

2) Positive Money’s Chief Economist leaves now that Bank of England knows where money comes from…

In March 2011, Andrew Jackson joined our team and has led our research ever since. He co-authored the books “Where Does Money Come From?” and Modernising Money and several Positive Money publications.

Andrew is now starting a full-time PhD with the highly regarded Professor Tim Jackson (author of Prosperity without Growth)and will be stepping back from work with Positive Money.

In a strange coincidence, on Andrew’s last day in the office, the Bank of England published the new paper mentioned above explaining exactly how money is created in the modern banking system. The paper actually references “Where Does Money Come From?”, the first book that Andrew worked on. That’s a great finish to 3 years of hard work to educate people about the reality of money!

 

 

 

The Peerage: http://www.thepeerage.com/p30951.htm

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