Occupy London: Are they wasting their time?

http://www.simondixon.org Occupy London invited ex-investment banker Simon Dixon to address the crowd and give some forecasts on the future of banking, his perspective on what needs reforming, the consequences of our current system and how to implement the reforms.

Occupy London were a shocked by what came out.

You can see Simon Dixon's speech at Occupy London in this video.

http://www.simondixon.org

All over the globe people are rising up and demanding their rights in a worldwide rally of discontent as protests inspired by the Occupy Wall Street movement spread around the world, see what is happening in Occupy London.

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[Margitt1227]

I would like you to explain more what sort of system we shold have and how we could live without the economic boom and bust cycle. It is easy to find the faults in the current system, but do you actaully have a better alternative to propose and how to implement it!?

[bankingreform]

@Margitt1227 I dedicate a whole chapter to this in my book "Bank To The Future: Protect Your Future Before Governments Go Bust'

Should give you all the detail you want.

Thanks for commenting.

Simon Dixon

[bankingreform]

@kajmobile What I share is from my experience as an economist and banker. I suggest reading up on money a bit more. All economist know that when debt is repaid, the asset and the liability leave the banks balance sheet and the overall money supply is decreased, nobody lent the money, it is called a multiplier effect in economics. The shortfall between debt and money cannot be paid through income, it can be paid when bank interest is spent on staff etc., but won't be as economic growth = debt.

[bankingreform]

@petersz98 Gold standard does nothing to fix the problem that banks create our money supply. We believe it is not so important what money is backed by, more important who controls it;s quantity.

Gold has the disastrous effect of people thinking we have an effective reform, but it will always be removed in light of the depression it will cause due to the nature of debt based money.

Thanks for desiring

Simon Dixon

[IlRezzonico]

@Margitt1227 You must be mistaken. Our former Marxist prime minister, Gordon Brown, abolished boom and bust several years ago.

[godfathercwq]

@petersz98

It is posible however a depression would have to happen. It will probably happen nonetheless. Reverting to sound money would have to be gradual and would take roughly 17 years to implement

[godfathercwq]

As a bank I lend you £100 but when you pay me back I want 3% extra. If you ever pay me back you will still owe me the interest. So where are you going to create that money. A government borrows millions and filters the money down adding more interest. Debt from invented money is impossible to pay back because WE don't create money. The banks do. So multiply all the money ever created globally over 100years minus major war and defaulting depressions and you have the size of it.

[godfathercwq]

@kajmobile You-ill informed ignorant baffoon.

[kaplash]

U may Gain Great Knowledge by Listening To 'JOHN HARRIS ' Explain Some Things In Simple English + Ur Rights ?

[shorerydr10]

@bankingreform i think short term gain (ie going into a depression) for a decade is better then becoming like japan where we have no growth for 20 years

[hbar1212]

@zentricky6969 It's not youtube, but young turks censoring it. They probably look at it as spam. We don't need Paul as president to de-privatize the Fed, do we?