Article: Positive Money UK
MMJ 20230404
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Positive Money UK is the founding member of International Movement for Monetary Reform (IMMR)
Positive Money UK is the founding member of International Movement for Monetary Reform (IMMR). Consistently all members of IMMR including MMJ have been saying- Implement Sovereign Money. What is that? Take away Money Creation from banks. Place it under a Central Monetary Authority reporting to Parliament. The current banks neutered from money creation can remain as either Payment System Banks (cannot lend, act like Debit Card; pay only what customer have). Or be Investment System Banks (act like fund manager invest/lend only what customer gives then.)
https://internationalmoneyreform.org/
Additional tweaks by MMJ:
1. Create State Investment Bank to receive money from Central Monetary Authority to invest 100% in real economy including Infrastructure. Will create huge jump in Economic Output and Employment.
2. Create Musyarakah Investment House to invest in SMEs to hugely support State investment Bank in increasing Economic Output and Employment.
Results of above.
1. Dive in inflation.
2. Increase in Economic Output and Employment.
3. Full employment including wiping out of youths and graduates unemployment/underemployment.
4. Increased graduates and youth starting salaries and nation's level of wage and salaries- fairer share of the economic cake.
5. Narrowing Poverty Gap.
6. Dive in House prices.
7. Strengthen Ringgit.
Other MMJ tweaks. Begins with Public Banking as Phase 1; Sovereign Money as Phase 2; Zero Taxation Economy as Phase 3. However we will settle with just Implementation of Phase 1 and 2 at this point. May Allah swt guide us and help us to bring enlightenment to defeat this world scourge. Ameen.
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Dikemaskini [Updated]: Sam Ahmad 20230626