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Will monetary reform avert economic disaster?

[Bristol] Dialect | 15.06.2010 00:22

This is a reform that could prevent a future financial crisis, clear the national debt, and restart the economy.
Making our broken financial system serve the people. It cures the sickness in our economy and financial system by tackling the root cause of the problem, rather than just the symptoms.

It would make the 'inevitable' cuts in public services completely unnecessary, reduce the tax burden by up to 30% and allow us to clear the national debt. It takes control over the UK's money supply out of the hands of the commercial banking sector and restores it to the state, where it can be used to benefit the economy, rather than providing a £200 billion annual subsidy to the banking sector.
http://www.bankofenglandact.co.uk/
http://www.moneyreformparty.org.uk/

57 minutes long
with: Bob Welham, David Cameron, Marina Morris, Voxpops, Martin Summers and Tony Gosling

[Bristol] Dialect
- Original article on IMC Bristol: http://bristol.indymedia.org/article/692615

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Structural Deficit

15.06.2010 08:04

Structural Deficit is the Economists term for what it costs to implement the reforms of globalising a national economy. Tough talk from Cameron claims that the structural deficit will rise from £70Bn to £120Bn over the next two years. This means that the Government Policy for the next two years the cost of implementing reforms is £50Bn.

Be clear about that: it will cost £50Bn to implement £6Bn of cuts.

When that sinks in, the cuts become obvious: there will be a £44bn increase in debt from Cameron's policies and he admits it.

The truth about banking reform is that it

Malatesta Walras