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Change How Money Is Created

Submitted on Sunday 9th September 2012

Published on Thursday 13th September 2012

Current status: Closed

Closed: Friday 13th September 2013

Signatures: 16

Tagged with

Money

Petition Action

Change How Money Is Created

Additional Information

The reason for the financial crisis is quite simple; if the banks create money, then banks own money. If the banks own all the money, then the banks have all the power. The private sector has the financial system in their own hands with little control and are committing many types of legalised fraud such as 'Shadow Rehypothecation' for example.

This petition is a call for a debate on money creation with a view to tie currency to a tangible commodity rather than currency representing a debt (nothing) and to create a currency that is publicly owned.


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