Steve Baker MP at the historic debate in UK Parliament on Money Creation
http://www.positivemoney.org/
On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.
Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money[1], when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England[2]
Steve Baker MP:
"The methods of money production in society today are profoundly corrupting in ways that would matter to everyone if they were clearly understood. The essence of this debate is: who should be allowed to create money, how and at whose risk? It is no wonder that it has attracted support from across the political spectrum…"
"We are in a debt crisis of historic proportions because for far too long profit-maximising banks have been lending money into existence as debt with too few effective restraints on their conduct and all the risks of doing so forced on the taxpayer by the power of the state. A blend of legal privilege, private interest and political necessity has created, over the centuries, a system that today lawfully promotes the excesses for which capitalism is so frequently condemned. It is undermining faith in the market economy on which we rely not merely for our prosperity, but for our lives."
"Thankfully, the institution of money is a human, social institution and it can be changed. It has been changed and I believe it should be changed further. "
--------------------------
SUBSCRIBE to Positive Money UK's videos:
http://www.youtube.com/subscription_center?add_user=PositiveMoneyUK
Like us on Facebook http://www.facebook.com/PositiveMoney
Follow us on Twitter http://www.twitter.com/PositiveMoneyUK
Follow us on Google+ http://www.positivemoney.org.uk/googleplus
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/
Help us caption & translate this video!
http://amara.org/v/FeU2/
Видео Steve Baker MP at the historic debate in UK Parliament on Money Creation канала Positive Money
On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.
Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money[1], when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England[2]
Steve Baker MP:
"The methods of money production in society today are profoundly corrupting in ways that would matter to everyone if they were clearly understood. The essence of this debate is: who should be allowed to create money, how and at whose risk? It is no wonder that it has attracted support from across the political spectrum…"
"We are in a debt crisis of historic proportions because for far too long profit-maximising banks have been lending money into existence as debt with too few effective restraints on their conduct and all the risks of doing so forced on the taxpayer by the power of the state. A blend of legal privilege, private interest and political necessity has created, over the centuries, a system that today lawfully promotes the excesses for which capitalism is so frequently condemned. It is undermining faith in the market economy on which we rely not merely for our prosperity, but for our lives."
"Thankfully, the institution of money is a human, social institution and it can be changed. It has been changed and I believe it should be changed further. "
--------------------------
SUBSCRIBE to Positive Money UK's videos:
http://www.youtube.com/subscription_center?add_user=PositiveMoneyUK
Like us on Facebook http://www.facebook.com/PositiveMoney
Follow us on Twitter http://www.twitter.com/PositiveMoneyUK
Follow us on Google+ http://www.positivemoney.org.uk/googleplus
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/
Help us caption & translate this video!
http://amara.org/v/FeU2/
Видео Steve Baker MP at the historic debate in UK Parliament on Money Creation канала Positive Money
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
!['Money Creation & Society' Debate in UK Parliament](https://i.ytimg.com/vi/EBSlSUIT-KM/default.jpg)
![Steve Baker MP - on Money Creation & Money Reform](https://i.ytimg.com/vi/JFrSyydyA5A/default.jpg)
![Johnson Attacked by Sikh Lawmaker Over Comments on Muslims](https://i.ytimg.com/vi/qPmY2aPj9kY/default.jpg)
![Money creation in the modern economy - Quarterly Bulletin](https://i.ytimg.com/vi/CvRAqR2pAgw/default.jpg)
!['Collapse of UK debt-ridden social system only matter of time'](https://i.ytimg.com/vi/AljEp0XDRvc/default.jpg)
![Why Does Britain Own Gibraltar? (Short Animated Documentary)](https://i.ytimg.com/vi/LMTJW_eEYDs/default.jpg)
![Peter Lilley MP at the historic debate in UK Parliament on Money Creation](https://i.ytimg.com/vi/PZdESrbuUoQ/default.jpg)
![Por qué el ORO vale más que el AGUA💧 | Huerta de Soto](https://i.ytimg.com/vi/AFULhvHUWwQ/default.jpg)
![‘This is a dangerous moment for our country’- Steve Baker on latest Covid restrictions](https://i.ytimg.com/vi/TrPihxKCOuE/default.jpg)
![Chaos in Commons over Brexit white paper](https://i.ytimg.com/vi/Xk7uA1v8TWM/default.jpg)
![Michael Meacher MP at the historic debate in UK Parliament on Money Creation](https://i.ytimg.com/vi/Xx3X7hLQKDs/default.jpg)
![In full: Steve Baker warns Theresa May she’s risking Tory break-up over Brexit | ITV News](https://i.ytimg.com/vi/VuJ1Vl71O0M/default.jpg)
![La ley de Peel y el Sistema Financiero](https://i.ytimg.com/vi/GJOHvPuGVGA/default.jpg)
![Martin Wolf, Financial Times: Stop banks from creating money (Positive Money)](https://i.ytimg.com/vi/B_rTSYo_CkQ/default.jpg)
![Steve Baker reveals why he resigned over Brexit](https://i.ytimg.com/vi/wKWIy5sjbD0/default.jpg)
![How to Fix Banking - Ben Dyson at Positive Money Conference 2013](https://i.ytimg.com/vi/Rd9Pf3Bqp20/default.jpg)
![A rare look inside the US Congress](https://i.ytimg.com/vi/HqkAaY1fOvE/default.jpg)
![MPs sworn into newly elected parliament](https://i.ytimg.com/vi/t0lBvD1vgsU/default.jpg)
![UK fishing industry warns it could pay the price over Brexit row | ITV News](https://i.ytimg.com/vi/d28WKBcwJk8/default.jpg)
![LIVE: Former #Brexit minister Steve Baker appears before MP committee](https://i.ytimg.com/vi/g6pwZ1saqBc/default.jpg)