CHALLENGING the RECESSION

Can we Change the Economy?

Yes, we Can!

Grand Committee Room – April 23, 2009 Sabine K McNeill

Debunking Economics

• The Naked Emperor of the Social Sciences • Steve Keen – Assistant Professor, University of Western Sydney – www.debunking-economics.com

The National Debt

• 1694: £1.2 million at 8% • 1855 • 1998: DMO

Good Money (Narrow M0)

• Issued by States – Interest free • Notes • Coin • Cash : Credit Ratio – 1945: 48% : 52% – 1968: 29% : 71% – 2008: 3% : 97% Cash

& Credit

Bad Money (Broad M1)

• Issued by Banks – Interest bearing – Wholesale • Monetary & Financial Institutions (MFIs) • Private Non-Financial Corporations (PNFCs) • Other Financial Corporations (OFCs) – Retail • Consumer Credit

Private Solutions Bartercard CompleteMediaGroup Monetary Causes 1694: Bank of England People’s Problems Financial Unfairness Money Supply Cash : Credit Ratio Public Solution Economic Democracy

Today

Onwards & Upwards

Solutions Enforcement of Bank of England Act Foundation for Change MPs, Ministers

WriteToThem

Treasury Select Committee Online Petitions Stop the Cash Crumble Financial Fairness

Trade Pounds for VAT