Article: World Bank Sovereign Money
MMJ 20230212
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Wonder if the World Bank will suggest the whole world change its monetary system and practise Sovereign Money
Wonder if the World Bank will suggest the whole world change its monetary system and practise Sovereign Money so savings from having banks to create money will feed the poor. Currently in Malaysia at least the savings will be RM64 billion or USD 14.9 billion per annum. That is an awful lot to feed the poor. The country can even provide basic income to all B40s, free education to universities, and even remove B40s and M40s from income tax.
Where the RM64 billion comes from? RM34 billion profits of banks as unnecessary private sector money creators. Another RM34 billion is what the government today pays banks in interest to get money from banks when they themselves can create the money. Zimbabwe? *Yawn yawn* So easy to overcome this. Money creation removed totally from government. Created by a Central Monetary Authority controlled by Parliament.
Assuming Malaysia’s USD14.9 billion is a world average and there are 195 countries in the world- that is USD14.9 billion x 195 = USD2.95 trillion the banks in the world cream from humanity every year!
Will World Bank support and suggest this?!!! As they say pigs might fly!
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Dikemaskini [Updated]: Sam Ahmad 20230626