'Money Creation & Society' Debate in UK Parliament

[TheWorldNewsOrg]

On Thursday 20th November 2014, for the first time in 170 years, UK parliament has debated the creation of money. Few people know that 97% of our money supply is created not by the government (or the central bank), but by commercial banks in the form of loans.

[TheWorldNewsOrg]

Two important things were not mentioned in the debate.

1. The absurdity that the government has to borrow its sovereign money from a private banking cartel.

2. That the government could instead be issued a steady flow of debt-free money to circulate the economy.

Only the banking system was discussed, however.

 

I also notice that Parliament was mostly missing from the debate .... not interested in representing such an important issue for the constituents.