Have your say on government e-petitions

Make the Bank of England the sole creator of new money in Britain as a national asset: stop commercial banks from creating our money supply as a debt.

Submitted on Friday 29th July 2011

Published on Friday 5th August 2011

Current status: Closed

Closed: Sunday 5th February 2012

Signatures: 75

Tagged with

Britain ~ Economy ~ England ~ Money

Petition Action

Make the Bank of England the sole creator of new money in Britain as a national asset: stop commercial banks from creating our money supply as a debt.

Additional Information

We want Britain’s commercial banks stopped from creating money out of thin air as a debt which we can never pay off, which they do when they issue loans. We want the Bank of England to be the only body in the land allowed to create money out of nothing and that it should do so, and in the amount required for a healthy economy. It should be bold and just say, “This is such and such an amount of money” without having to borrow it from anywhere. Ghenghis Khan did it! He just printed money and said, “In my land THIS IS MONEY and if you owe me money, this is the currency you have to pay me in.” and people accepted it. That sort of money (Fiat money) is a national asset rather than a national debt and the Bank should give it to the elected government to put into circulation by funding projects that fix our infra-structure, train our people, generate power and develop goods and services for export. Then we can get somewhere instead of languishing in debt. That’s when the real work starts.


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

3.95.131.146 Sat, 24 Jul 2021 11:51:49 +0100