Switzerland to vote on banning banks from creating money
There is a website [0] and book [1] on this topic, <i>&quot;Up until about forty years ago a good percentage of the money in circulation was produced by the Bank of England and the seignorage went to the Treasury. Today 97% of all the money in circulation is created as debt by the banks and the seignorage profit goes to them. The result is that between 2000 and 2009 the state has foregone a trillion pounds. How many public services could that have funded? ... Modernising Money shows how a UK law implemented in 1844 can be updated and combined with reform proposals from the Great Depression, to provide the UK with a stable monetary and banking system, much lower levels of personal and national debt, and a thriving economy.&quot;</i><p>A survey [2] was done as part of a master&#x27;s thesis at Zurich University, which found that, <i>&quot;Only 13 percent know that private commercial banks provide the majority of the money in circulation. However, 78 percent of the Swiss population would like money to be produced and distributed solely by a public organisation working for the common good, such as the National Bank. Only 4 percent preferred the system we actually have today – that money is mostly created by private, for-profit companies such as commercial banks.&quot;</i><p>[0] <a href="http:&#x2F;&#x2F;positivemoney.org" rel="nofollow">http:&#x2F;&#x2F;positivemoney.org</a><p>[1] <a href="http:&#x2F;&#x2F;www.amazon.com&#x2F;Modernising-Money-Monetary-System-Broken-ebook&#x2F;dp&#x2F;B00BD8PHHY&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.amazon.com&#x2F;Modernising-Money-Monetary-System-Brok...</a><p>[2] <a href="http:&#x2F;&#x2F;positivemoney.org&#x2F;2015&#x2F;09&#x2F;survey-confirms-people-have-no-idea-about-how-money-is-created&#x2F;" rel="nofollow">http:&#x2F;&#x2F;positivemoney.org&#x2F;2015&#x2F;09&#x2F;survey-confirms-people-have...</a>