12-2 at SES * We will ensure we attend this Wednesday to these items at least:
1. The 12 Quilligan Seminars May 7-18 – see Attachment: CONVERGENCE NOTICE Doc – encouraging participation. It would help to have people indicate what seminars they would consider attending at a £5 registration fee for each. That is how we are funding the whole venture. Seminar Conveners will have first responsibility for initial recruiting, but are also being asked to tell me how many places for open advertising they are allowing. At this stage I’m just testing the waters; although if you register now I would place you at the top of each chosen seminar’s waiting list.
2. OCCUPY reports and views – http://thefutureofoccupy.org
3. EARTH MATTERS – new course at SES – 5 weekly sessions from 21st Feb.
4. Keep abreast of the Public Banking Institute and its relationship to Occupy: http://publicbankinginstitute.org – contact Public_Banking_Institute@mail.vresp.com
FROM EXPLOITATION TO INCLUSIVE JUSTICE
To indicate how from the principle of ending exploitation, and especially its financial form of ‘usury’ on money bearing compound interest issued by commercial banks, and the passing of location value to rentiers rather than to the community that created it, certain basic aspects of restructuring in the financial system are required. As all people of good faith reassess their contribution to public truth these suggestions should be seriously studied by intra-disciplinary bodies:
PRINCIPLE: Good faith in any tradition must be universal – that is, serving justly people and the planet.
PRAXIS: To develop that principle, some major systemic changes are needed, urgently:
– Return to publicly created money – end issuance of new money bearing interest by commercial banks.
– Return location value created by the community to the community – ending much accumulation of unearned income.
– Introduce a new form of material wealth’s inclusive distribution – so that consumers and producers are the same people.
– Respond to the mantra that ‘the first call on a nation’s wealth should be a basic income for all citizens.’
– Rescind laws creating ‘corporate personhood’ and the primacy of returns to directors and shareholders.
– Educate people to understand that Social, Solar and Material Commons are more fundamental than traded commodities.
– Renew the priority of investing in human capital before all else.
Behind these brief indicators serious studies and proposals are available for intra-disciplinary appraisal.
We seek a practical workable post-capitalist ecological economy, an economy by the people, for the people that is geared to production for need, not for profit, other than the dichotomy of all state versus all private. This is to make a principled distinction between what is naturally private property and what is the common wealth of all. Two complementary aspects of this are emphasised.
1. Recognising that the money system is naturally a social institution whose benefits should naturally be enjoyed by all.
2. A recognition of the distinct economic role of land.
For any individual access to land or natural resources that society bestows there is a corresponding duty to make a return commensurate with the privilege. These two policies combine a community-based issuance of money and government revenue based on land and resource rents.
NOTE:
‘THE PROCLAMATION OF JESUS CHRIST AS THE CRUCIFIED AND RISEN LORD AND THE CONFESSION THAT JESUS CHRIST IS LORD HAVE BOTH A INTIMATE AND COSMIC IMPLICATION. WE CANNOT CONFESS JESUS CHRIST IS LORD WITHOUT SERIOUS CONSEQUENCES FOR THE ORDERING OF POLITICAL AND ECONOMIC RELATIONSHIPS AND THE HARMONY IN WHICH HUMANKIND LIVES AS A PART OF THE WHOLE CREATION. Anglican Mission Agencies. Brisbane 1986
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———- Forwarded message ———-
From: Positive Money <info@positivemoney.org.uk>
Date: 17 February 2012 16:17
Subject: New video: 22minutes to Fix Our Money System
To: peter <peterchallen@gmail.com>
Dear peter,
1) We have new video again: Fixing the Money System & the Economy: Ben Dyson
This 22minute extract from our October conference: https://www.youtube.com/watch?v=Jx9w2beoGcw&feature=watch_response – addresses how we can reform our debt-based privatised money system. It’s the second part to our 20 minute video about the problems.
Watch part 1 here: https://www.youtube.com/watch?v=JBZWw1DG8zU&list=PLCC1FE36803BBD6DE&index=1&feature=plpp_video
Watch part 2 here: https://www.youtube.com/watch?v=Jx9w2beoGcw&feature=watch_response
“We can’t trust profit-seeking bankers and we can’t trust vote-seeking politicians. What we need to do – and this is critically important – is to separate the decision over how much money needs to be put into economy and what that money would be used for.”
2) VIDEO: Is Money Destroyed When Debt is Repaid?
This is a question that has puzzled a number of people: if banks create money when they make loans, do they destroy it when the loan is repaid? The answer depends on what you mean by ‘money’. One of the clearest explanations of what actually happens is provided by Mike Black on the new James Gibb Stuart Trust website (See the second video down).
The education-focussed James Gibb Stuart Trust – http://jgstrust.org.uk/videos/ – has been a supporter of Positive Money since we started. Its Mission is to “reduce debt by educating about banking”. It has organised economic conferences which examines the creation of money, among other issues.
3) NEW Positive Money Booklet
Explaining the Positive Money proposals is not always straightforward – to do it thoroughly you need to explain how banking works, what problems this causes, and what the solution is. That’s a lot for someone to take in! Sometimes you wish there was something you could give them to take away and read. This new pamphlet – http://www.positivemoney.org/2012/02/positive-money-pamphlet/ – is designed for situations like this, where someone has already shown some interest in the campaign and wants to learn more. (Download – http://www.positivemoney.org/wp-content/uploads/2011/09/Fixing-Our-Broken-Economy-v2.pdf)
4) Upcoming Meetups & Events
Social Meetup with Ben Dyson in Newcastle, Sat 18 Feb – http://www.meetup.com/Positive-Money/events/52295502/
4th Positive Money Sheffield Meetup, Mon 27 Feb – http://www.meetup.com/Positive-Money/events/52705312/
Can we solve the financial crisis? Ringwood (New Forest), Mon 27 Feb – http://www.meetup.com/Positive-Money/events/50697072/
Derry (Northern Ireland) Positive Money Meetup, Wed 29th Feb – http://www.meetup.com/Positive-Money/events/50698542/
Positive Money Meetup, Callington (Cornwall) – Thu 8 March – http://www.meetup.com/Positive-Money/events/51694342/
Meetup Organizers, if you’d like to do the screenings of our videos – new videos of the Problem with the Money system and of our solution are now available for download as 20 minutes short versions here:
Reforming the Money System – http://www.positivemoney.org/our-proposals/video-reforming-the-monetary-system/
5) Latest from the Blog
The Impossible Puzzle: How to Reduce Debt Without Growth – http://www.positivemoney.org/2012/02/the-impossible-puzzle-how-to-reduce-debt-without-growth/
Revealed: The Logic behind the Bank of England’s Decision to Increase QE –
We deserve a financial system which we can understand – http://www.positivemoney.org/2012/02/revealed-logic-bank-englands-decision-increase-qe/
Extract from Bank of England Letter – http://www.positivemoney.org/2012/02/extract-bank-england-letter/
All the best, Positive Money team
We’re sending this to you because you signed up at www.positivemoney.org.uk or at one of our former sites (eg. Bank of England Act or OneGoodCut). Positive Money, 205 Davina House, 137-149 Goswell Road, London, – EC1V 7ET
