Just got off the phone to Positive Money HQ and they want us to write to our local MPs to find out if they are aware of the Positive Money campaign or more importantly the impending back bench debate on Positive Money reforms/legislation. BORING I know, but this has to be done, and by all of you, don’t wait for someone else to do this otherwise it just wont get done.
You can just copy and paste this if you want to save time but still help massively –
” House prices are surging again, as the UK property bubble is being re-inflated to a ridiculous extent once more. Which raises the following questions: How come banks don’t have enough to lend to business, but they do have enough to push up house prices? How long can house prices keep rising faster than wages before we have another crisis? Monetary reform could prevent such a crisis from happening.
Subsequent to the BoE’s exposure of the truth about privately created money by our profit-seeking high-street banks, Martin Wolf, Chief economics Commentator on the Financial Times, wrote an article on 24 April, called “Strip private banks of their power to create money“. In this article Wolf comes out in support of switching from bank-created debt, to a nationalised money supply: “Printing counterfeit banknotes is illegal, but creating private money is not … It could – and should – be terminated.”
A massive debate has subsequently exploded between some of the world’s most famous economists, such as Paul Krugman, Ann Petifor, David Graeber, Izabella Kaminska, Joe Weisenthal and Steve Keen among others.
Such a debate is yet to take off in the political realm of government. The problems resulting from private money creation have not been debated in parliament since 1844, when Sir Robert Peel brought in the Bank Charter Act, forbidding the private banks from printing money. In light of the above exposure in the mainstream, the urgent need to re-visit this issue and consider updating the 1844 Bank Charter Act to include electronic money, is becoming increasingly evident.
Conservative MP Steve Baker, Green Party MP Caroline Lucas, and Labour MP Michael Meacher are now keen to hold a backbench debate on the topic of money creation.
I am wondering if you would be interested in participating, or at least attending for information gathering.
In any case, if you are in support of such a debate taking place, regardless of what position you hold, please could you voice your interest by emailing Steve Baker at [email protected].”
You can find out your local MP and easily write to them via a form at –
This is a great link to find and email your local MP https://www.writetothem.comWriteToThem
