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What about the banks?

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Marjo Prkic-Poorter

This question comes from a Croatian inhabitant. He wants to know why privatization of the central banks is not mentioned in the proposal because he thinks banks should be social ownership.

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Svemir Listes

To have an increase in GDP or living standards of 5%, you have to put into circulation 10% of new money. 5% of producers or service providers as a loan, and 5% of consumers as a gift. Manufacturers will also have the money for new goods or services, and will thus be able to repay their loan and make a profit. This year on the market will be 5% new / better quality goods and 5% of the new money, that will always remain in circulation, becouse this money is not a loan but a gift, and inflation will remain 0%. Thats the way central bank must work. 5% of the donated money can be used for LIG.

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Marlen Vargas Del Razo
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Maite Zamora Moreno

Svemir - we can easily get caught up in numbers - but with LIG - we're looking at how numbers affect individuals' lives. So - herein, one has to consider whether the problem is that there isn't enough money within the economy/that GDP is not high enough - or that the money within the economy is distributed/circulating in an effective way - where profits from certain commodities that are basic rights could simply be allocated to those who require it as a Living Income.

Many have proposed changes to the banking system through playing with numbers and percentages - without looking at the underlying principle of what banks are and what functions they should fulfil - meaning: what are the problems within an economy for which banks are required? In principle, we have found that banks should operate as explained in the blog Marlen shared above. In practical terms, it remains to be seen how this could be implemented.

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Svemir Listes

http://noncredit-money.org/?cat=35&lang=en
I'm not guessing, I am telling you the truth. I knew the Stojan Nenadović and fully understand what I'm saying. All the world's problems come because of money as debt, and Stojan was discovered 50 years ago how to solve this problem. We heve to do monetary reform first, or LIG will fail in the first year of implementing. Taxation is not used to collect money than to control inflation. In order to give money to someone, it should not be taken by someone else. It is a deception of capitalism. You do not need to work to create money. You must first create the money to create jobs. I hope you have in the group some economist to understand work of Stojan Nenadović. It is very simple.

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