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Labour MP & Conservative MP & HBOS Whistleblower on Positive Money

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Published on Jan 18, 2012

http://www.positivemoney.org/
Michael Meacher MP, Steve Baker MP and Paul Moore (Former head of group regulatory risk at HBOS from 2002-2005) speak about Positive Money - the campaign to reform our debt-based monetary and banking system.

"The key issue, the central issue, the overwhelming issue which this country has got to face up to is the restoration of democratic accountability via the control over the money supply."
Michael Meacher, Labour MP

"It's like a tower of Babel out there on this subject... What's great about Positive Money is that they've picked a practical proposal that can be taken forward and they're singlemindedly pushing it. And it's an idea capable of appealing to left and right, to greens, to libertarians. It is an idea that transcends party politics...it's practical... It can cut through that power of Babel."
Steve Baker, Conservative MP

"...Full Reserve Banking is the simplest, most effective policy that I have seen explained . If you'd have a full reserve banking on current accounts, you would end up with a situation where there's no run on a bank. "
Paul Moore, Former Head of Group Regulatory Risk at HBOS

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ABOUT POSITIVE MONEY:
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/

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