At the heart of the social harms being caused by our current economic crisis is a crucial but little known aspect of our monetary system. Legislation 160 years old allows private banks to determine not only the amount of money circulating in our economy but also where it goes. This antique privilege and its modern consequences are the subject of a public meeting hold in Muswell Hill on December 5th.
You are invited to a Screening of new documentary "97% Owned" that exposes how our privatised, debt-based monetary system grants banks the power to create money.
Featuring frank interviews and commentary from economists, campaigners and former bankers, 97% Owned shows in just 60 minutes how this privilege allows banks to shape the economy, cause crises and push house prices out of reach. Successive governments and the Bank of England have failed to tackle what amounts to a privatisation of the money supply, economists have missed its significance and the subject is largely ignored by economic pundits in the mainstream media.
Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor of PRIME, Paul Moore the "HBOS Whistleblower", Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign, this is the first documentary to tackle this issue from a UK-perspective.
Now radical change to the monetary system is in the air; just what it is and how we can hasten it will be covered in the presentation and discussion following the film.
So if you care about social justice and economic stability, let alone unaffordable house prices, do come and bring friends.
It's free but donations to cover costs will be welcome on the day.
If you know others who share your concerns do please spread the word and forward this email. Promoted byPositiveMoney an independent, non-party research and campaign organisation aiming to raise public awareness of the UK's monetary system. For more information: www.positivemoney.org.uk