CHALLENGING the RECESSION
Can we Change the Economy?
Yes, we Can!
Grand Committee Room – April 23, 2009
Sabine K McNeill
Debunking Economics
• The Naked Emperor
of the Social Sciences
• Steve Keen
– Assistant Professor,
University of Western Sydney
– www.debunking-economics.com
The National Debt
• 1694: £1.2 million at 8%
• 1855
• 1998:
DMO
Cash & Credit
Good Money (Narrow M0)
• Issued by States
– Interest free
• Notes
• Coin
• Cash : Credit Ratio
– 1945: 48% : 52%
– 1968: 29% : 71%
– 2008: 3% : 97%
Bad Money (Broad M1)
• Issued by Banks
– Interest bearing
– Wholesale
• Monetary & Financial
Institutions (MFIs)
• Private Non-Financial
Corporations (PNFCs)
• Other Financial
Corporations (OFCs)
– Retail
• Consumer Credit
Today
Private Solutions
Bartercard
CompleteMediaGroup
Monetary Causes
1694:
Bank of England
People’s Problems
Financial
Unfairness
Money Supply
Cash : Credit
Ratio
Public Solution
Economic
Democracy
Onwards & Upwards
Solutions
Enforcement of
Bank of England Act
Foundation for Change
MPs, Ministers
WriteToThem
Treasury Select
Committee
Online Petitions
Stop the Cash
Crumble
Financial Fairness
Trade Pounds
for VAT