“Positive Money is a movement to democratise money and banking so that it works for society and not against it.”
Since the crash of 2008 it has become painfully obvious that the current global system of fiat currencies – in which 97 percent of the money we depend upon is loaned into existence by banks – is at the root of our economic woes:
“Our current financial system has left us with the highest personal debt in history, unaffordable housing, worsening inequality, high unemployment and banks that are subsidised and underwritten with taxpayers’ money. We believe that these problems have a common root: money.”
Positive Money is a not-for-profit campaigning organisation dedicated to addressing this problem. They propose:
- Take the power to create money away from the banks, and return it to a democratic transparent and accountable process
- Create money free of debt
- Put new money into the real economy rather than financial markets and property bubbles.
“Ultimately, we think that the economy would be more stable and society better off if we completely remove the power that banks have to create money. These ideas have been around since the 1930s, but we’ve done a lot of work to update them for the modern financial system.”