Power of Banks vs Democracy

http://www.positivemoney.org.uk/

You've probably heard the idea that money is power. If that's true, then imagine how much power you'd have, if you could CREATE money. 

Now this might be hard to believe, but there's a small number of private companies that effectively have a licence to print money. They're commonly known...as banks. 

In fact, 97% of all the money that exists in the UK was created by banks, effectively from nothing, through the accounting process they use when they make loans. 

That leaves banks with the power to create and allocate the country's money. 

And, despite the fact that the abuse of this power caused the financial crisis, there has been no debate in Parliament, no questions raised by government advisors, and no action to take this ability to create money away from the banks.. 

So what do we do to save our democracy from the big banks? Well, it's simple. We need take back the power to create money away from banks, because they simply can't be trusted with it. 

And who do we give that power to create money too? Well, I think most of us would be concerned about giving the power to create money to any of the politicians who have been running the country over the last 20 years; they're probably just as likely to abuse this power...

Music and animation by Henry Edmonds
Narrated by Conor Irwin (www.conor-irwin.com)

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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit:http://www.positivemoney.org.uk/