Positive Money has released a new video which explains exactly how banks create money out of nothing. - See eepurl.com/tbqZX
"Do you want to really understand how banks
can create money out of nothing? While it may seem like a complicated
subject - it's not that difficult. In this new video you can learn how
commercial banks can create money through the accounting process they
use when they make loans, how banks make payments between each other
using specially created central bank money, if the Bank of England
really can control how much money is in the economy ...and more."
Our new 2 minute video addresses the root causes of the housing crisis. It explains that house prices aren’t high because there’s “too many people and too few houses”. And it answers the crucial question: Why are house prices really so high?
(click to enlarge)
You can find more details on this here:
http://www.positivemoney.org.
and
http://www.positivemoney.org.uk/consequences/house-prices/in-depth/
Our aim is to raise awareness and start conversations about the causes of the housing crisis and get us thinking more critically and creatively about the solutions.
Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation’s money supply through the accounting process they use when they make loans – an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of – or a major contributor to – problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org.uk/
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