Monetary Reform in Politics
Debate on Money and Monetary Reform in the
The Finance Committee of the Dutch Parliament discussed the monetary system and perspectives of monetary reform on Oct 14th, 2015. The meeting took place at the suggestion of the NGO Ons Geld. The video will soon be subtitled in English.
As a result > the Dutch government is now to investigate money creation (PM, 31 March 2016).
Sovereign Money Reform in Iceland
S.Thoroddsen and S.B.Sigurjonsson, KPMG Iceland, have presented a study commissioned by the Icelandic Prime Minister's Office, titled > Money Issuance. Alternative Monetary Systems.
The study was discussed at a high-level conference in Reykjavík on 5 Sep 2016. Here is the > video streaming of the event.
Ben Dyson has written a > brief report for the International Movement for Monetary Reform.
The Icelandic parliament Althingi had taken a step towards sovereign money reform in October 2015, when a resolution was proposed by eleven parliamentarians from five parties represented in the parliament. If the resolution is not voted on before the end of the current legislative term, it will have to be submitted again in the next term
> Parliamentary Resolution on Reforming the Mechanism of Money Creation
Prior to this, a report commissioned by the Committee on Economic Affairs and Trade of the Icelandic Parliament had recommended to introduce a sovereign money system. Here is the > Press Release of the Prime Minister, and the > Report Monetary Reform - a better monetary system for Iceland.
Monetary reform at the Labour and Conservative Party Conferences 2016> read, view and listen here.
On 20 Nov 2014, the British House of Commons held a backbench business debate on Money Creation & Society, the first such debate after 170 years when the Parliament decided upon the Bank Charter Acts, introducing the Bank of England monopoly on paper money. Today, the challenge is money on account. For viewing the livestream record> this link.
Referendum on Sovereign Money in Switzerland
The > Swiss Vollgeld Initiative has been successful in launching a referendum on an amendment to the Swiss Constitution in order to replace bankmoney with sovereign money under the exclusive control of the Swiss National Bank.
Close to 111.000 authenticated signatures were gathered. Sovereign money reform is now definitely on the political agenda in Switzerland.
The Swiss government hastened to oppose the reform initative, apparently ill-informed. This will certainly not deter the campaigners from pushing ahead
> Shake your money makers. Reshaping banking, The Economist, Feb 27th 2016.
Further articles on the issue
in > The Telegraph by Mehreen Khan.
at > Barbara Panvel's Thomas Attwood Blog, 23 Jan 2016.
by Jason Voss, CFA Institute > Is this the end of fractional reserve banking? Enterprising Investor, 27 Jan 2016.