The Shocking Truth About Money! A discusssion led by Tim Glover
The Greyhound, Thursday 6th July
"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in." Josiah Stamp, former Chairman of the Bank of England
In the modern economy, money is created by banks. I will describe how this works, explain the shocking implications, and discuss some possible alternatives.