Occupy Norwich are to have a discussion on reform of our monetary
system on Wednesday 9th November at 6.15pm at their camp on The
Haymarket. (All are welcome, and everyone, whether they regard
themselves as Left, Right or neither, will get a chance to have their
voice heard.)
The discussion will be led by me. I'll talk about how the
creation of 97 % of our money by the banks leads to overments,
individuals and businesses becoming more and more indebted. When the
debts can no longer be repaid the banks demand a bailout from the
taxpayers, and cuts have to be made in pensions, benefits and public
services, as happened when the world economy nearly collapsed three
years ago.
Occupy Norwich are inviting everyone to come along and debate the solutions.
The bailout of the banks three years ago did not result in reform of
the banking system, which is due to collapse again, as the recent
problems in the Euro-zone have clearly demonstrated. We need reform
urgently, before the system crashes again. This reform should start with the genuine nationalisation of the banks which the British taxpayer currently owns, which, quite wrongly, are still paying out massive bonuses, at present.
system on Wednesday 9th November at 6.15pm at their camp on The
Haymarket. (All are welcome, and everyone, whether they regard
themselves as Left, Right or neither, will get a chance to have their
voice heard.)
The discussion will be led by me. I'll talk about how the
creation of 97 % of our money by the banks leads to overments,
individuals and businesses becoming more and more indebted. When the
debts can no longer be repaid the banks demand a bailout from the
taxpayers, and cuts have to be made in pensions, benefits and public
services, as happened when the world economy nearly collapsed three
years ago.
Occupy Norwich are inviting everyone to come along and debate the solutions.
The bailout of the banks three years ago did not result in reform of
the banking system, which is due to collapse again, as the recent
problems in the Euro-zone have clearly demonstrated. We need reform
urgently, before the system crashes again. This reform should start with the genuine nationalisation of the banks which the British taxpayer currently owns, which, quite wrongly, are still paying out massive bonuses, at present.
Comments
Campaigns for banking or other monetary reform are nothing but a distraction from solving the REAL problem.
The comment here by DP is interesting and I'd like to hear his views expounded, maybe on another occasion? We do plan to explore one of the topics he raises (fractional-reserve banking) in a little more detail at a later date and wonder if Rupert or anyone else might suggest an expert (from UEA?) to lead another session down at OccupyNorwich. (you could email transitionnick@gmail.com or twitter @skintnick to contact me directly with suggestions on this)
DP: as I said at the event, my case would certainly not be that the nature of [most] money as debt is the only cause of our problems - far from it! Greed, an exploitative system, corporate law etc. are all also causes.
But the nature of money, and the way that we have allowed financial interests to let rip on the basis of it, is A cause. Whether it is 5% of the problem, or 95% of it, it needs addressing.