Dear Friends of the American Monetary Institute, Three areas to discuss: * First, a report on the 9th Annual AMI Monetary Reform Conference by Jamie Walton. * Second, a link to our Google Group posting of a “Gem” of an article organized and written by first time conference participant, Nick …
Funding the US government and avoiding the fiscal cliff
By Dr Shann Turnbull, Co-founding Member of the Sustainable Money Working Group, Ethical Markets Advisory Board Member, October 2013 The US government could fund both its operations and avoid the fiscal cliff by introducing a self-liquidating and self-financing negative interest rate complementary currency. The US Treasury could issue say one trillion …
The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives Posted on September 17, 2013 by Ellen Brown Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden …
Collateral Damage: QE3 and the Shadow Banking System
by Ellen Brown Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk …
The Public Bank Solution by Ellen Brown
The Public Bank Solution: From Austerity to Prosperity From austerity to prosperity, Third Millennium Press, 2013 Ellen Brown is a world renown author and Ethical Markets Advisory Board member. Her Web of Debt was groundbreaking in bringing to light how the debt system functions. Her new book, The Public Bank Solution, looks …
What can our banks learn from the USA?
I thought I’d escaped the City years ago when I quit my job as an investment banker. But today I’m back where I started out, addressing hundreds of people at the Chartered Accountants’ Hall. This isn’t any ordinary financial conference. Today, hundreds of people from across civil society are gathering …
BANKING VS DEMOCRACY: how power shifted from parliament to the banking sector
EXECUtIVE SUMMARY This report asks if power has shifted from Westminster down the river to the City of London. What we find is a banking system that has more ‘spending power’ than the democratically elected government, no accountability to the people, and massive concentration of power in the hands of …
What do you think needs to change in finance? You have an opportunity to let us know your opinion in a survey below. There was a remarkable conference in USA last week and the video presentations are available now. The Transforming Finance conference is happening in London next week. And Positive Money is looking …
Guest Editor’s Column: Public Banking as an Answer to Artificial Scarcity
Artificial Scarcity and Public Banking PBI Newsletter, April 2013 Email not displaying correctly? View it in your browser. Guest Editor’s Column: Public Banking as an Answer to Artificial Scarcity We are often told, and we tend to internalize, the idea that scarcity is a natural condition of humankind, and the …