Profile

Cover photo
Tom Longland
Lived in Worcester Park
104 followers|193,377 views
AboutPostsPhotosYouTubeReviews

Stream

Tom Longland

Shared publicly  - 
 
Excellent interview.
1
Add a comment...

Tom Longland

Shared publicly  - 
 
Saw this when driving in to work today.. Looks like a contrail and a chemtrail sharing the same air space.. Strange.. 
1
Add a comment...

Tom Longland

Shared publicly  - 
 
Great video
1
Add a comment...

Tom Longland

Shared publicly  - 
 
It's all about Sovereign money..... 

--
http://www.positivemoney.org/
Ben Dyson, Founder of Positive Money, speaking at the Positive Money 2014 conference. He recapped how the nature of money has changed since the Bank Charter Act of 1844, which outlawed bank creation of paper money. Most money today is electronic. There had yet to be a democratic debate on the consequences of this. Indeed, there had hardly been any democratic debate on the consequences of Quantitative Easing (QE).

In terms of where this private bank money went -- 40 per cent went into the property market, 37 per cent to financial markets, 10 per cent to credit cards and personal loans and only 13 percent to productive business.

In our system today, "more money means more debt". If we have a crisis and we want less debt then we have to accept that we will end up with less money circulating, because when the loans are repaid, the money disappears from the economy.

Under the present system, there are two ways to get more money into the economy: 

The first way is to get the private banks creating new money by creating new debt. That is the situation where "more money equals more debt." So, interest rates were lowered to 0.5% in the expectation that "lower interest rates will get people to borrow more." There have also been various "funding for lending" schemes.

The second way is to get the Bank of England to create money. It has initiated QE, whereby it creates money and buys bonds from pension funds and insurance companies.

This money floods into the bond market and some floods into the stock market. It artificially increases bond prices, in the same way that the banks' privately-created money pushes up mortgage prices.

The idea behind QE is that those who see the value of their bonds go up will then spend more on the High Street. But in reality, it means that the relatively small number of people who have the money in the first place, take their money and put even more of it into the bond market. In short, QE is a scheme which has made the very wealthy much better off, but has done very little to create jobs and get the real economy going.

Incredibly, around £375 billion has been created but there has been very few questions asked in Parliament about the wisdom of this process, about how the money is created and where it is spent. This is remarkable considering the tortured debates in Parliament about the spending of sums which are a mere fraction of this figure!

"QE is a scheme that has used £375 billion of newly created money to make the very wealthy much better off on paper (so increased inequality) and yet has done very little to create jobs and to get the real economy going."

Ben explained that the alternative is Sovereign Money. 

The idea of Sovereign Money is that instead of the BoE creating money and putting it into the financial markets, it should be put into the real economy, through spending on infrastructure, through tax cuts, or through the simple expedient of giving it to people. This would allow us to escape from the debt trap where, if we need more money then we must have more debt.

He said that for every £10 billion which gets added to the government account and spent into the economy then we would get £6 billion coming back in taxes, and that for every £1 which goes in, we would get £2.80 of spending throughout the economy. He suggested that a Sovereign Money creation of £10 billion would lead to 28 billion spending, up to 284 000 jobs and 5.6 billion tax revenue, and lower personal debt. (These calculations come from CBI figures.)

Furthermore, this is a policy which can be done now. Private banks will still lend, but Sovereign Money will, to an extent, offset the negative effects of debt. Once it can be shown that Sovereign Money works, then we can point to the full solution, outlined in Modernising Money which is stopping banks creating money in the first place.
1
Add a comment...
Have him in circles
104 people
Sammi Perkins's profile photo
Major Look's profile photo
Alan Grey's profile photo
Carl Cahill's profile photo
Nikhil Gohil's profile photo
Peter Rooney's profile photo
Sun Il Kim's profile photo

Tom Longland

Shared publicly  - 
 
Spiritual awakening is an ongoing process of becoming a Whole Person. One who is balanced in Male and Female energy, and nurturing both themselves and those around them. It happens as one is growing through the process of discerning truth in the world around you, and continually reaching higher and higher peaks of awareness, also…
1
Add a comment...

Tom Longland

Shared publicly  - 
 
S5 promo car
1
Add a comment...

Tom Longland

Shared publicly  - 
 
A few pics from my visit to the Bridge last Saturday.  I was sat in the Matthew Harding stand which was an experience.

I'm not keen on the seats, they are well small!! The guy in front of me was taking up 2 of them haha
1
Add a comment...

Tom Longland

Shared publicly  - 
1
Add a comment...

Tom Longland

Shared publicly  - 
 
Please donate if you can.
1
Add a comment...
People
Have him in circles
104 people
Sammi Perkins's profile photo
Major Look's profile photo
Alan Grey's profile photo
Carl Cahill's profile photo
Nikhil Gohil's profile photo
Peter Rooney's profile photo
Sun Il Kim's profile photo
Basic Information
Gender
Male
Apps with Google+ Sign-in
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Previously
Worcester Park
Links
Nice little park with plenty to do..
Public - 6 months ago
reviewed 6 months ago
I was very impressed with this hotel, although I didn't get the chance to check out the bar or restaurant, they looked good.. The room I stayed in was very nice. Hotel is about 5-10mins from the main city and a few restaurants etc within walking distance are close by.
Quality: ExcellentFacilities: ExcellentService: Excellent
Public - 11 months ago
reviewed 11 months ago
My local pub. They do a great burger :-)
Food: Very goodDecor: ExcellentService: Excellent
Public - a year ago
reviewed a year ago
My local carvery.. nice selection of meat, plenty of extras and is fantastic value for money. I'll be back soon.
Atmosphere: ExcellentDecor: ExcellentService: Good
Public - a year ago
reviewed a year ago
6 reviews
Map
Map
Map
Located a short walk from the town, friendly staff.. Nice buffet breakfast. I would stay again.
Quality: Very goodFacilities: Very goodService: Excellent
Public - 11 months ago
reviewed 11 months ago
You can't go wrong with a Nefis :)
Public - a year ago
reviewed a year ago