nothing seems to be happening simon, plenty of talking but no solid workable solutions, not from yourself but generally. fractional reserve banking needs to end, but we both know that cannot happen.
@dikkydoo1 Have more hope - there is a lot happening. We have drafted legislation in the UK, we have a bill that is going past Congress in the States. We put our solution in front of the Independent commission on Banking and many MP's. There is a movement. Fractional Reserve Banking will go. It is happening. The worse the news gets, the closer we are. You have given up.
I've met with Ben Dyson at Positive Money and I'm with you 100%. I work as a stockbroker and everyday I try to educate colleagues and clients about how the system is going to be re-designed. I keep hitting resistance, but I won't give up. I know I have to support this otherwise I won't have an industry to work in. Keep at it. Simon :)
@bankingreform Hi Simon, I shall be in London on Friday at Olympia for the Private Investor Show. It's sponsored by the LSE. I'm not exhibiting but gonna just have a wander round. I'll be taking a few positive money flyers too. If you're in town PM me and we can exchange details and meet up? I emailed Ben today and I think Positive MOney are going to try and answer the CEO of Next's economic challenge. Bring it on!
@MarkoKraguljac That is Alistair McConnachie, he has dedicated 15 years to the UK monetary reform movement, the founder of Prosperity UK and part of the James Stuart Gibbs Foundation. All big contributors to the UK monetary reform movement and.
I have the upmost respect for his work, he drafted the legislation that was put in front of the Independent Commission on Banking recently too.
@bankingreform We are where we are because of mass production of such virtual people. Such characters are building blocks of Ponzi schemes in broadest sense (religious, cultural, economic..) He is obviously at least self-educated not to understand or handle facts but people, terminology and psychology for purpose of manipulation. Prime example of apprentice spectacle salesman. Image = product.
Feel free to remove my comment if you can, I am obviously naive beyond comprehension.
I think there won't be a 2nd crash like Simon describes, what more is likely is slowly but surely banking reform will take place, just because these new forms of banking/lending are more efficient and lower risk.
Most likely these new models will take root in the developing world first and once they out-compete the older methods, the first world countries will also adopt them.
@ddnguyen278 Thanks for sharing. The main reason I think we need the crash is because I am certain we wont get the big governmental monetary reform until it is really desperate.
All the innovation in the world does not replace the need for a monetary system that works.
Interesting persecutive about the developing world first.
@ddnguyen278 If your theory is correct, first world countries and their people will have a long, painful road ahead. Which means more internal and external acts of protest and aggression? I do not believe the acts of aggression will only be located in first countries but spread across the globe as these first world countries ignite wars, skirmishes, and occupation. As Mike Maloney says, short term noise and/or distractions from the real problem.
@MrCheckitout123 We'll acts of aggression is generally counter productive but I see many protests and acts of civil disobedience ahead. Occupy Wall street is just a taste of what is to come. But don't underestimate the speed of progress, change is occurring very rapidly now with the advent of the internet. Look at the Arab Spring, it occurred within a span of 5 months and reshaped the middle east. Banking and money lending reforms will take a bit longer but i think it's inevitable.
@ddnguyen278 Inevitable and painful, absolutely. the multiplier effect, the institutions need more and more debt. These institutions are having massive amount of deleveraging of debt within the first world countries. I truly believe under the name of freedom, the Arab spring was propped up by these institutions and our leadership. In my opinion, the Arab spring was basically to open new commodities based high growth markets. In nature, the leech sooner or later will need to find a new host.
nothing seems to be happening simon, plenty of talking but no solid workable solutions, not from yourself but generally. fractional reserve banking needs to end, but we both know that cannot happen.
dikkydoo1 4 months ago
@dikkydoo1 Have more hope - there is a lot happening. We have drafted legislation in the UK, we have a bill that is going past Congress in the States. We put our solution in front of the Independent commission on Banking and many MP's. There is a movement. Fractional Reserve Banking will go. It is happening. The worse the news gets, the closer we are. You have given up.
You cannot hold down sustainability.
All due respect, but I do a lot more than I talk.
Thanks for sharing.
Simon Dixon
bankingreform 4 months ago
simon when are you going to stop promoting yourself and actually tell us something?
dikkydoo1 4 months ago
@dikkydoo1 What would you like to know? Im curious why you have that opinion.
I want to do whatever I need to do to get to banking reform.
Thanks for sharing.
Simon Dixon
bankingreform 4 months ago
Will the banking system even let you do this? That will be the biggest resistance imho.
MrVic1954 4 months ago
@MrVic1954 Banking reform or die trying.
Got to see past the norm. They are about to crash anyway.
Thanks for sharing.
Simon Dixon
bankingreform 4 months ago
I've met with Ben Dyson at Positive Money and I'm with you 100%. I work as a stockbroker and everyday I try to educate colleagues and clients about how the system is going to be re-designed. I keep hitting resistance, but I won't give up. I know I have to support this otherwise I won't have an industry to work in. Keep at it. Simon :)
rowestocktrader 4 months ago
@rowestocktrader Thanks for your support.
Will we get to meet at the upcoming Positive Money conference. Would be great to put a face to the YouTube username.
It is hard to tell the industry there is something wrong, but how obvious does it need to get til they start to pay attention.
Thanks for your comment.
Simon Dixon
bankingreform 4 months ago
@bankingreform Hi Simon, I shall be in London on Friday at Olympia for the Private Investor Show. It's sponsored by the LSE. I'm not exhibiting but gonna just have a wander round. I'll be taking a few positive money flyers too. If you're in town PM me and we can exchange details and meet up? I emailed Ben today and I think Positive MOney are going to try and answer the CEO of Next's economic challenge. Bring it on!
rowestocktrader 4 months ago
@rowestocktrader Great work.
Cant make Friday, but if you are going to the Positive Money Conference I will be presenting?
Keep up the good work.
Simon Dixon
bankingreform 4 months ago
@bankingreform Will try and get to the conference :) Be good to meet.
rowestocktrader 4 months ago
Simon, can you give me some figures. You look very young. How old are you? And how long were you a Stockbroker, an Investment. Banker, a lecturer??
Just gives us viewers an idea.
Jez2008UK 4 months ago
@Jez2008UK Sure, if that helps, look me up on LinkedIn. All details are there. I am 30.
Connect with me while you are there if you wish.
Simon Dixon
bankingreform 4 months ago
Who is the cunning monkey-clown at the beginning? How much for renting per hour?
MarkoKraguljac 4 months ago
@MarkoKraguljac That is Alistair McConnachie, he has dedicated 15 years to the UK monetary reform movement, the founder of Prosperity UK and part of the James Stuart Gibbs Foundation. All big contributors to the UK monetary reform movement and.
I have the upmost respect for his work, he drafted the legislation that was put in front of the Independent Commission on Banking recently too.
Hope this helps. .
Simon Dixon
bankingreform 4 months ago
@bankingreform We are where we are because of mass production of such virtual people. Such characters are building blocks of Ponzi schemes in broadest sense (religious, cultural, economic..) He is obviously at least self-educated not to understand or handle facts but people, terminology and psychology for purpose of manipulation. Prime example of apprentice spectacle salesman. Image = product.
Feel free to remove my comment if you can, I am obviously naive beyond comprehension.
MarkoKraguljac 4 months ago
@MarkoKraguljac I dont sensor comments unless they get ridiculously abusive. You are entitled to your opinion and I respect that.
While we may differ in opinion, I can assure you our intentions are pure, we are all here to make a difference and you should to in your own way.
Simon Dixon
bankingreform 4 months ago
I think there won't be a 2nd crash like Simon describes, what more is likely is slowly but surely banking reform will take place, just because these new forms of banking/lending are more efficient and lower risk.
Most likely these new models will take root in the developing world first and once they out-compete the older methods, the first world countries will also adopt them.
ddnguyen278 4 months ago
@ddnguyen278 Thanks for sharing. The main reason I think we need the crash is because I am certain we wont get the big governmental monetary reform until it is really desperate.
All the innovation in the world does not replace the need for a monetary system that works.
Interesting persecutive about the developing world first.
Thanks again for sharing.
Simon Dixon
bankingreform 4 months ago
@ddnguyen278 If your theory is correct, first world countries and their people will have a long, painful road ahead. Which means more internal and external acts of protest and aggression? I do not believe the acts of aggression will only be located in first countries but spread across the globe as these first world countries ignite wars, skirmishes, and occupation. As Mike Maloney says, short term noise and/or distractions from the real problem.
MrCheckitout123 4 months ago
@MrCheckitout123 We'll acts of aggression is generally counter productive but I see many protests and acts of civil disobedience ahead. Occupy Wall street is just a taste of what is to come. But don't underestimate the speed of progress, change is occurring very rapidly now with the advent of the internet. Look at the Arab Spring, it occurred within a span of 5 months and reshaped the middle east. Banking and money lending reforms will take a bit longer but i think it's inevitable.
ddnguyen278 4 months ago
@ddnguyen278 Inevitable and painful, absolutely. the multiplier effect, the institutions need more and more debt. These institutions are having massive amount of deleveraging of debt within the first world countries. I truly believe under the name of freedom, the Arab spring was propped up by these institutions and our leadership. In my opinion, the Arab spring was basically to open new commodities based high growth markets. In nature, the leech sooner or later will need to find a new host.
MrCheckitout123 4 months ago