07 Apr 2019

The International Movement for Monetary Reform (IMMR) gathered members from across the world for its annual meeting on the 22-24th March 2019. This year the meeting took place in Madrid, Spain, where we enjoyed a blue sky and spring-blooming, although most of the time was spent indoors listening, sharing and discussing. We started the meeting in a circle where we got to know each ...

11 Mar 2019

As a response to the WRR report "Money and debt" a magazine for economics teachers (TEO) presented some questions to Ons Geld. Both these questions and the answers are presented below. In "Money and debt: the public task of banks", the WRR makes various recommendations (especially to politicians) about our monetary system. For example, the council argues for more diversity in the fin...

25 Feb 2019

Recently, I attended a 2-day gathering of 600 people from all over the world for a summit in Vancouver Canada with many bankers, regulators and economists. The GABV is an international network of small and mid-sized bankers who are already going against the grain to do banking differently:  for banking on values at the risk of immediate short-term profits, for banking to meet real commun...

01 Feb 2019

The Dutch Scientific Council for government policy (WRR) presented its report on the monetary system on the 17th of January 2019. The report is called “Money and Debt, the public role of banks”. The main objective of the report is to describe in depth the role that banks play in the current monetary system and how money is created. It has to advise the government on this system and to...

22 Nov 2018

Brussels - EU Commissioner Varoufakis has announced a citizens' dividend. For every European, € 25,000 is available for debt reduction. This follows the switch to the digital euro. Over 80% of all savings balances have now been converted. As of today, deposits are no longer freely available. The citizens’ dividend will be paid out in July and can be used to reduce bank loans. Those wh...

03 Oct 2018

By now more than 10 years have passed since the outbreak of the great financial crisis. Many alarming developments have taken place since and the global financial system is as dangerous as before and banking regulation has generally been terribly weak wherever you look. More than ever, we need a monetary system that serves society and money creation free of debt by a public institution. ...

31 Aug 2018

Ten years after the financial crisis of 2007 / 2008 and the invention of Bitcoin, economists not only discuss regulatory interventions but also focus on reforming money itself. Currently, the money system is under attack from various sides. Even for professionals, it is difficult to understand whether it is a war of opinions over the “best” money and monetary system, or a struggle for...

26 Aug 2018

By Paul Brinkkemper Have you ever tried to explain to someone how money is created as a loan by banks? Then you most likely came across misunderstanding, disbelief and apathy. If the movement for monetary reform is to gain influence among the general public, we have to educate many people. To be effective we must find persuasive ways around the common psychological defensive reactions...