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Blogs > shyblokesw35 > My Blog

Money is Debt  

shyblokesw35 51M
36 posts
4/23/2017 7:00 am
Money is Debt

97% of money in the UK is created by private banks. money is created when loans or mortgages are taken out, so in order for there to be a money supply someone has to be in debt. Some economists are calling for a sovereign money supply where the state creates debt free money via the central bank making commercial banks intermediaries. This would reduce pro cyclical recessions from happening when the banks create too much debt through profit chasing. Positive money dot com can explain it better than I can, check out their website.

shyblokesw35 51M

4/23/2017 7:36 am

 You could also look up Bill Still. He has some pretty salient points to make about the current banking system.


valdezvicvic 66M
996 posts
4/23/2017 11:03 am

 And in the US of A it is all fake paper printed by private banks and loaned to congress at interest.


Heathen_G 65M
7974 posts
4/23/2017 11:07 am

 Money is not debt. Not having money, and having to owe, is debt.

Stop/prevent idiots [from] taking out bank loans , they can't afford, will reduce national debt. In any nation.

Avoid taking out loans that cannot be paid back quickly.


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