International Movement for Monetary Reform

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  • #1394 Score: 0
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    Niko
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    Fractional Reserve Banking is the banking system predominant in the world today. It operates in the system were private commercial banks are given the ability to create money. Due to the Fractional Reserve Banking system things such as recessions financial crisis is xcetera become symptoms in the economy.

    The International Movement for Monetary Reform puts forth a coalition of multiple countries worldwide to put an end to this destructive banking model. The mission of this coalition is to control the way money is created through democracy and put an end to the fractional Reserve banking model. Here is the list of the 23 countries and their initiatives:

    Australia – Fair Money,
    Denmark – Gode Penge
    Germany – Monetative
    India – Money Reforms
    Netherlands – Ons Geld
    Portugal – Boa Moeda
    South Africa – Firstsource Money
    Switzerland – Vollgeld Initiative (MoMo)
    Bulgaria – Чисти пари
    Finland – Talousdemokratia (Economic Democracy)
    Greece – FEKyou.info
    Ireland – Sensible Money
    New Zealand – Positive Money
    Puerto Rico – Dinero Justo
    Spain – Dinero Positivo
    UK – Positive Money
    Croatia – Budućnost Novca
    France – Monnaie Honnête
    Iceland – Betra Peningakerfi
    Israel – שינוי מוניטרי
    Poland – Pieniądz Pozytywny
    Slovakia – Peňažná Reforma
    Sweden – Positiva Pengar

    Every country in the world should have an initiative to liberate themselves from the totalitarian financial banking systems. Money sovereignty in a system where Full Reserve systems controlled by respective Nations can put the power to create money back in the people’s hands.

    References:

    International Movement for Monetary Reform –

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  • #1426 Score: 0
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    Nicolas Guillermo
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    It’s obviously something that the people are demanding worldwide, it’s time we make it go nationwide too!

  • #1390 Score: 1
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    Niko
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    Fractional reserve banking is a system where only a fraction of the actual assets that a bank has needs to be kept in the bank. It is said that somewhere around 5% to 10℅ reserve needs to be met in most banks around the world. Beyond that percentage to the money that must be kept in the bank, the rest of the money can be loaned out to customers.

    This system leads to abnormalities in the economy the form of financial crisis housing bubbles, recessions, etcetera. The private banks have maximum control of calling the shots on who to give money and how much money to give.

    When looked closely at it is easy to see that we have given the power to create money away. These people do not follow the democratic process nor do they have obligation to serve the interests of the public.

    We must call to action the end of the fraction reserve banking system. There is much to learn about the International Movement for Monetary Reform that RIPAC participants can use to propel State Bank initiatives nationwide.

    Links:
    Fractional Reserve Banking
    http://www.investopedia.com/terms/f/fractionalreservebanking.asp

    International Movement for Monetary Reform – http://internationalmoneyreform.org

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  • #1393 Score: 0
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    Niko
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    In Switzerland a referendum has been launched by the Vollgeld Initiative to stop fractional reserve banking in their country. The referendum was accepted by gathering 10,000 registered voter signatures. With the intuitive getting the required signature amount for referendum, it will take possibly less than a year before it is made available to be voted on by the entire country.

    Switzerland’s solution to end fractional reserve banking would be to introduce a full reserve banking system that would be controlled democratically through nationalizing the central bank. From there they would give the nation of Switzerland exclusive authority to create money from their own Central Bank. All money loaned out from that point forward must be backed by real assets of the national government.

    Switzerland’s move to end fractional reserve banking and to introduce a full reserve banking system controlled by they’re national government would make it amongst few in the entire world. An overwhelming majority of banks on the planet are controlled under the fractional reserve banking system which gives private commercial banks the ability to create money exclusively. Being that money is the life force to the world’s economy, it is considered to be a high-risk for private commercial banks to control such a powerful system of commerce.

    For more information look at the Vollgeld Initiative and the International Movement for Monetary Reform to find out more and learn how to get involved.

    References:

    Vollgeld Initiative
    http://www.vollgeld-initiative.ch/english/

    International Movement for Monetary Reform – http://internationalmoneyreform.org

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