The campaigning group positivemoney.org have put forward three changes to the banking system that it says could transform the economy for the better.
The first change, says positivemoney, is to take the power to create money away from the banks and return it to a democratic, transparent and accountable process.
The second is to have a money creation system run by the state free of debt with the money put straight into the real economy, which would mean no interest would need to be paid on it and asset bubbles, such as in housing, would not happen.
Thirdly, all the new money would have to directly enter the real economy preventing so much of it being diverted into the financial markets and property bubbles. Then, says positivemoney, cash could be invested in real businesses and lowering taxes.
Money is broken says positivemoney and we need to fix it before we are in a position to address the many issues challenging the modern world.
In presenting this video, positivemoney asks:
“If someone told you that a mountain of personal debt could be cleared via 3 simple changes to the way that money and banking works, would you like to know how? Would you like to see a more stable economy, with more jobs, less personal and government debt? Would you like to see money created free of debt and going into the real economy and support businesses, instead of getting trapped in financial and property markets?”
If you want to find out more then watch the video.