The introduction below is taken from the excellent Prosperity UK website. It's well worth a visit with lots of informative articles and links to other sites.
Money Reform (sometimes called, Monetary Reform) highlights the fact that our economy today is "debt-based", meaning that virtually all money is supplied into the economy as a debt owed to the private banking system. We are reliant upon this banking system for the supply of almost all our means of exchange. In Britain today, 97% of our money stock is created by this private banking system as a debt, while only 3% is created by the government debt-free. As we explain on this website, that is both a technical absurdity and a democratic offence.
As a consequence of virtually all our money coming into existence as a debt, we see the indebtedness of people, families and countries growing daily. Money Reformers believe the present debt-based system perpetrates debt slavery, and this is destructive of society, the environment and the planet. Money Reformers believe this debt-based money supply is the big issue which governs all the issues.
Money Reformers advocate that the virtual Monopoly of Money Creation must be removed from the private banking system and we work to establish a publicly-created supply of debt-free money, created on behalf of the people, by a public body. This money should be spent, not lent, into society on the basis of proven need. This will gradually reduce the overall burden of debt in society, break reliance upon the private banking system for the supply of money, open potential for change, and empower people democratically. The Money Reformers' proposal is not a left-wing, or right-wing idea. It's just good sense!
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