Fweddy
FH is my second home
- Joined
- Dec 22, 2003
- Messages
- 1,304
I went to a talk last night about the Positive Money campaign and the reasoning for it. It was really interesting finding out just how backwards our economic system is and I wondered if any of you lot had heard of it/had any thoughts?
This video explains a bit about it but basically the issue is that the main way money gets into our economy in the current system is by banks creating money from nothing to loan to people to buy houses, so pretty much any economic growth is dependant on increased personal debt and increasing house prices.
View: https://www.youtube.com/watch?v=bmR4qtEdu0I
Apologies if this is old news but it was new to me and seemed worth sharing.
This video explains a bit about it but basically the issue is that the main way money gets into our economy in the current system is by banks creating money from nothing to loan to people to buy houses, so pretty much any economic growth is dependant on increased personal debt and increasing house prices.
View: https://www.youtube.com/watch?v=bmR4qtEdu0I
Apologies if this is old news but it was new to me and seemed worth sharing.