tag:blogger.com,1999:blog-7886665353929413928.post8777666912958526880..comments2023-07-04T16:18:31.584+01:00Comments on Broad Oak Money: A letter to Douglas Carswell MPUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7886665353929413928.post-23720923645158648492011-05-03T13:47:34.699+01:002011-05-03T13:47:34.699+01:00"Are we up the creek in a barbed wire canoe, ..."Are we up the creek in a barbed wire canoe, without a paddle?"<br /><br />Yes but you knew that anyway. Sadly there's no pain free way out of the ending of a debt supercycle - I wish there were. Biggest mistake I made was to be prudent during the party - all efforts at present are aimed at rescuing the imprudent. C'est la vie.Don't have onehttps://www.blogger.com/profile/00778809894681805665noreply@blogger.comtag:blogger.com,1999:blog-7886665353929413928.post-33082129089913088402011-05-03T12:17:45.008+01:002011-05-03T12:17:45.008+01:00Hi Myopia; hadn't seen the submission, thanks ...Hi Myopia; hadn't seen the submission, thanks for the link.<br /><br />The question is, even if it's a good idea, how do we get there from here? E.g. page 25:<br /><br />"the demand for credit now is artificially inflated by the ability of bank lending to inflate<br />house prices and require members of the public to borrow more in order to buy a house."<br /><br />Spot on. But introducing the new system would crash house prices and leave many existing owners in deep negative equity.<br /><br />Are we up the creek in a barbed wire canoe, without a paddle?Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.comtag:blogger.com,1999:blog-7886665353929413928.post-42354102968490896992011-05-03T10:59:54.866+01:002011-05-03T10:59:54.866+01:00I take it your aware of the Positive Money campaig...I take it your aware of the Positive Money campaign http://www.positivemoney.org.uk/.<br /><br />I thought their submission to the banking commission particularly interesting.<br /><br />http://www.positivemoney.org.uk/solutions/submission-independent-banking-commission/Don't have onehttps://www.blogger.com/profile/00778809894681805665noreply@blogger.com