Submitted on Monday 27th January 2014
Published on Tuesday 28th January 2014
Current status: Closed
Closed: Wednesday 28th January 2015
Signatures: 3
Create a Sovereign Bank Fund
Britain’s banks create money every day as debt. Fact. If Britain’s banks are able to create money out of nothing or with very little as fractional reserve to lend as debt then why not authorize the banks to create a sovereign fund which could be used as emergency funding, to slowly pay off our sovereign debt, or/and to save our crumbling coastline. We could ensure that the practice did not create a fall in our currency by increasing the types of economical stats we collect. We have the advantage from 1844 when banking began because we have computers that would make the effect of this process possible to track. We could create more or less to the fund as situations dictate. The least we could do is authorize a commission to study the possibility.This just might be the saving of the entire global economic situation, or at least greatly assist.
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