Douglas Carswell MP announced a bill that would end fractional reserve banking.

A significant point in history happened at about 1.30pm this afternoon. Douglas Carswell MP announced a bill that would end fractional reserve banking. It's produced below in full

www.positivemoney.org.uk...

amazing..amazing..amazing....ill be watching this very closely

Great find a flag for this... lets hope the USA does the same! The crooks. Someone has to control them!

reply to post by alienesque

I assume this is a "Private Member's bill" (as distinct from a Government bill). If it is, then there will be a lot of hurdles to cross.

For the benefit of Americans reading these boards, the agenda of the House of Commons is very much under the control of the government. If the government doesn't like a Private Mamber's bill, they can limit the parliamentary time made available for it, and they can also muster a majority of votes against it. A Private Member's bill has very little chance of getting through unless the government is at least neutral on the subject. If the government is sympathetic, the chances are much better.

Alienesque-

Nice find. S&F.

I will not hold my breath waiting for this to happen in the US.

I imagine this will go the same way as our attempts in the U.S. to pass a bill auditing the fed. It will either get roadblocked or will be so water down and changed by the end of the legislative process, that it ends up being more detrimental than helpful.

That mp will now be taken out.Watch a smear campaign will start.
History shows us that when MPs go against,big banks,big corps etc,they get taken down a notch.
Kevin Rudd and his big mining tax is a good example.
We all want banking reform,but no one will take the hard line like the french are doing.
The fed will remain in full control.

That is one courageous Englishman, let's hope he doesn't suffer a sudden and mysterious heart attack in the coming weeks. Anyone familiar with British politics care to comment on the likelihood of this bill coming to fruition? I might just move to the UK if it does. In any case great find, I'll be following this very closely.

reply to post by mindovermatter88

As I was commenting above, the British political system means that a private bill like this one stands virtually no chance without government support. At the very least, government neutrality. On an issue like this, that seems unlikely.

reply to post by DISRAELI


Ah sorry I missed it. I watched the new PM's victory speech, a lot of rhetoric on shrinking the bloated monster that Labor created. I also remember him saying that "wealth-creators" is not a dirty word, and considering that's exactly what a fractional reserve system does, create wealth out of thin air, I can't see them supporting a bill that aims to tame it. I guess assassinating Carswell won't be necessary after all. Side note, I also remember some strong language about keeping the United Kingdom united, was this in reference to Scotland?

Originally posted by mindovermatter88
Side note, I also remember some strong language about keeping the United Kingdom united, was this in reference to Scotland?

Yes, I think it would have been. I don't remember the exact quotation, but that's the usual concern.

Originally posted by butcherguy
I will not hold my breath waiting for this to happen in the US.

this bill stands just about as much chance
of passage as a snowflake does making it
through hell.

I won't hold my breath either

Noble idea, yet dead in the water already. Remember who's in charge now? Oh, yeah..neo-Thatcherists, with a disdain for "power to the people" and weaker members of society ("weaker" in a financial sense). They represent the still powerful aristocracy, and they are not about to let go of all that nice moolah, their banks have gathered for them.

As already stated, this is a private bill. As such it has about as much of a chance as an icecube in a working cooker.
On a somewhat more positive note, it is a kind of warning towards those in power. The Tories are dependent on the liberals. Might the Lib-Dems decide to give the bill enough time, strife is bound to ensue.

As it stands, I give this Parliament about 6 months before all hell breaks loose. The Lib-Dems are already softly muttering amongst themselves after the harsh cutbacks in government spending, + the proposed ditching of 500,000 gov. jobs does not sit well with them.

Interesting times ahead, at least that's for sure....

yes..i doubt it has a chance...but it at least shows that people..even in parliament...are seeing whats wrong...

one day this will bring a change...im sure...

I have a question.

How many of you have a credit card or a home mortgage?

Guess what, you have just taken advantage of fractional reserve banking. So tell me what is the better plan?

Originally posted by Dance4Life
I have a question.

How many of you have a credit card or a home mortgage?

Guess what, you have just taken advantage of fractional reserve banking. So tell me what is the better plan?

edit on 29-10-2010 by Dance4Life because: sp

And...? Your point seems to have no point.

Say we find out tomorrow that the world economy is a scam and the elites are stealing from every man woman and child on this planet, do we have to continue with that system because it was the system in place yesterday.

Why don't we turn it on its head. Any money in our savings account at the bank is ours to fractionally reserve. For every dollar on deposit I can spend ten dollars which leaves me with nine more dollars I can fractionally save or spend, wich gives me 9x10 dollars that I can....Before you know it we'll all be out of debt.

This bill is good news but I would hesitate to express support for the MP. I don't know him so its hard really, but one thing I've learned is the elites like to control both sides of a situation. TPTB probably just got word that some MP was thinking about a similar bill and they stepped in to head off the pass. This will be dragged out and discredited to thereby nullify any real opposition.

Originally posted by DISRAELI
reply to post by alienesque

 

I assume this is a "Private Member's bill" (as distinct from a Government bill). If it is, then there will be a lot of hurdles to cross.

For the benefit of Americans reading these boards, the agenda of the House of Commons is very much under the control of the government. If the government doesn't like a Private Mamber's bill, they can limit the parliamentary time made available for it, and they can also muster a majority of votes against it. A Private Member's bill has very little chance of getting through unless the government is at least neutral on the subject. If the government is sympathetic, the chances are much better.

It's up to all Brits who agree with this to contact their MP's and voice their support for this.

Originally posted by Dance4Life
I have a question.

How many of you have a credit card or a home mortgage?

Guess what, you have just taken advantage of fractional reserve banking. So tell me what is the better plan?

edit on 29-10-2010 by Dance4Life because: sp

Go do some more homework, your post clearly shows you really, really don't understand how the banks work, nor the fraud they are perpetuating.

Are you aware that it is only because of fractional reserve that we pay any interest at all on a loan?

Originally posted by spookfish

Originally posted by Dance4Life
I have a question.

How many of you have a credit card or a home mortgage?

Guess what, you have just taken advantage of fractional reserve banking. So tell me what is the better plan?

edit on 29-10-2010 by Dance4Life because: sp

And...? Your point seems to have no point.

Say we find out tomorrow that the world economy is a scam and the elites are stealing from every man woman and child on this planet, do we have to continue with that system because it was the system in place yesterday.

Why don't we turn it on its head. Any money in our savings account at the bank is ours to fractionally reserve. For every dollar on deposit I can spend ten dollars which leaves me with nine more dollars I can fractionally save or spend, wich gives me 9x10 dollars that I can....Before you know it we'll all be out of debt.

This bill is good news but I would hesitate to express support for the MP. I don't know him so its hard really, but one thing I've learned is the elites like to control both sides of a situation. TPTB probably just got word that some MP was thinking about a similar bill and they stepped in to head off the pass. This will be dragged out and discredited to thereby nullify any real opposition.

Interesting thoughts...I didn't see this before my last post.
second

Originally posted by diakrite
Noble idea, yet dead in the water already. Remember who's in charge now? Oh, yeah..neo-Thatcherists, with a disdain for "power to the people" and weaker members of society ("weaker" in a financial sense). They represent the still powerful aristocracy, and they are not about to let go of all that nice moolah, their banks have gathered for them.

As already stated, this is a private bill. As such it has about as much of a chance as an icecube in a working cooker.
On a somewhat more positive note, it is a kind of warning towards those in power. The Tories are dependent on the liberals. Might the Lib-Dems decide to give the bill enough time, strife is bound to ensue.

As it stands, I give this Parliament about 6 months before all hell breaks loose. The Lib-Dems are already softly muttering amongst themselves after the harsh cutbacks in government spending, + the proposed ditching of 500,000 gov. jobs does not sit well with them.

Interesting times ahead, at least that's for sure....

edit on 10/28/2010 by diakrite because: messy grammar

I agree it is a long, long, long shot - with very little chance - but, when was the last time this was proposed, even in a Private Members' bill? I have no idea, but I suspect it is not a subject which has often been raised in the House. Doing so is, IMO, at least a step forward. You know, 'First I was ignored, then I was scorned, then they fought me, then I won.' kind of thing. Breaking the taboo of silence is a good first step.

OK, here's a snippet about Carswell from Wikipaedia:

Quote:
Carswell is an outspoken and independent-minded radical, having allied on certain issues with politicians ranging from Daniel Hannan to the chairman of the Socialist Campaign Group, John McDonnell.[9] Dod's political biography describes Carswell as being "Tall and Eurosceptic ... one of his party's radical thinkers". Carswell was described in The Sunday Times in July 2008 as 'one of the energetic young Tory modernisers elected to the Commons in 2005'.[10]

Carswell has been an outspoken advocate of political reform, and action to clean up Westminster politics.[18] He has proposed radical change to force politicians to answer outward to the electorate, rather than to other politicians.[19] In recognition of his stance, the Daily Telegraph nominated him a Briton of the Year 2009,[20] and Spectator readers voted him their choice as Parliamentarian of the Year for that same year.[21]

Carswell is sceptical of anthropogenic global warming, believing current climate change to be driven by non-human factors. He came to this position after reading Ian Plimer's Heaven and Earth.[22][23]

Carswell is the only Conservative MP returned at the 2010 general election to have openly advocated proportional representation.[24]
Unquote.

en.wikipedia.org...