TURMEL: UK Parliament Great Money Creation Debate youtu.be/k6bLZl697fY JCT: A push by Positive Money results in the first debate in the UK Parliament in 170 years on who gets the spoils from banking, Sovereign Money from the government or New Credit Money from the private banks. Let the banks continue creating and loansharking out the chips or have the government run them and keep the profits. Seems there was no conclusion on what would be better!! So no debate on the malfunctioning machine, only on who should be the driver of that malfunctioning machine. 1:50:00 Zac Goldsmith supported further study of who creates the money and mentioned how his father had talked to him about it. When Pauline did her UK LETS tour in 1997, she spent an evening with Edward (Teddy) Goldsmith who gave her a copy of a great treatise on LETS he had written!!! johnturmel/gold was so cheery, I typed it in an uploaded since then. Neat if Zac is Teddys son. It took great nerve to show his face in an empty house on the most controversial issue being watched by the ruling bankers ever debated!! Unfortunately, the two greatest examples of Sovereign money actually used in the UK were not cited. King Henry The Greats Tally sticks of wood in 1100 and the UK Treasury Bradburys during WWI despite a current Bring back the Bradbury campaign going on. And though they mention Bitcoin and crypto-currencies used by criminals to hide their transactions, they forgot non-crypto LETS timebank currencies with all transactions open for inspection. Not quite the right positive spin on money.
Posted on: Tue, 25 Nov 2014 04:50:11 +0000
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