The Proposed Bank of England Act.

 

I wish to support the proposal for UK's Coalition Government to enact theProposed Bank of England Act and make a start by preparing a Green Paper followed by a Bill.

It is not yet widely understood that the government now unnecessarily gives the commercial banks the privilege of creating almost all the national supply of money as interest-bearing debt – at great profit to themselves and great cost to the country and its citizens. As part of this government's programme as a strong, progressive coalition” inspired by the values of freedom, fairness and responsibility", this is most important.

The proposed Act would transfer to the Bank of England – as an operationally independent nationalised agency responsible to government and Parliament – the function of creating new money free of debt, to be spent into circulation by the government in the public interest.

It is a no brainer.

The current system giving commercial banks the privilege of creating almost all the national supply of money is a scandal. This system has been a major cause of the current world financial crisis.

Similar action should be taken by all nations.

Why is this idea important?

 

I wish to support the proposal for UK's Coalition Government to enact theProposed Bank of England Act and make a start by preparing a Green Paper followed by a Bill.

It is not yet widely understood that the government now unnecessarily gives the commercial banks the privilege of creating almost all the national supply of money as interest-bearing debt – at great profit to themselves and great cost to the country and its citizens. As part of this government's programme as a strong, progressive coalition” inspired by the values of freedom, fairness and responsibility", this is most important.

The proposed Act would transfer to the Bank of England – as an operationally independent nationalised agency responsible to government and Parliament – the function of creating new money free of debt, to be spent into circulation by the government in the public interest.

It is a no brainer.

The current system giving commercial banks the privilege of creating almost all the national supply of money is a scandal. This system has been a major cause of the current world financial crisis.

Similar action should be taken by all nations.

Pay Back the Bailout Money

Major cuts are being proposed to keep the markets happy and reduce the interest payments we have to make. If we don't pay a substantial amount of the debt back quickly (hence the cuts) the banks will increase our interest rates and we risk further rate raises based on our credit rating with the banks.

Ok. If I'm not mistaken the banks and market system effectively went bankrupt themselves last year (hence the global bailout). Market forces where allowed to run themselves and pure capitalism virtutally consumed itself. Private greed turned into public debt.

Why now make further cuts into our public spending to support the bankrupt banks over charging us and using poor credit rating to force cuts. Our credit rating seemed ok to borrow £1trillion + last year from UK alone!!

So its time to turn the tables and request full repayment of the that bailout money so the debts and public deficit can be repaid in full. No public spending cuts required. If the money is not immediately repaid then interest payments should be significantly increased in line with credit rating defaults.

I also note when the banks bankrupt a company or person they seize assets to pay down as much of the debt as they can. Given the banks are promoting a human face and fair play then why can't we asset strip banks and bankers. Sending in bailiffs to sieze assets like banks accunts, investments, property and pocessions. We should raise a fortune. Whats good for the goose.

Why is this idea important?

Major cuts are being proposed to keep the markets happy and reduce the interest payments we have to make. If we don't pay a substantial amount of the debt back quickly (hence the cuts) the banks will increase our interest rates and we risk further rate raises based on our credit rating with the banks.

Ok. If I'm not mistaken the banks and market system effectively went bankrupt themselves last year (hence the global bailout). Market forces where allowed to run themselves and pure capitalism virtutally consumed itself. Private greed turned into public debt.

Why now make further cuts into our public spending to support the bankrupt banks over charging us and using poor credit rating to force cuts. Our credit rating seemed ok to borrow £1trillion + last year from UK alone!!

So its time to turn the tables and request full repayment of the that bailout money so the debts and public deficit can be repaid in full. No public spending cuts required. If the money is not immediately repaid then interest payments should be significantly increased in line with credit rating defaults.

I also note when the banks bankrupt a company or person they seize assets to pay down as much of the debt as they can. Given the banks are promoting a human face and fair play then why can't we asset strip banks and bankers. Sending in bailiffs to sieze assets like banks accunts, investments, property and pocessions. We should raise a fortune. Whats good for the goose.

Lloyds tsb

I have frequented many lloyds tsb banks in my area, and what I have found is that the staff are unfriendly rude, and unhelpful, who the hell are recruiting these hard faced staff. I frequent other banks. Barclays, Hsbc, scottish bank, Natwest etc. The other banks have a better layout, better staff, who are friendlier, and just a better experience than Lloyds tsb. Anyone agree with me ? I find that once you ask a member of staff of Lloyds tsb, a question it is as if you asked them that the world is square. They look at you as if you are a mad person.

Why is this idea important?

I have frequented many lloyds tsb banks in my area, and what I have found is that the staff are unfriendly rude, and unhelpful, who the hell are recruiting these hard faced staff. I frequent other banks. Barclays, Hsbc, scottish bank, Natwest etc. The other banks have a better layout, better staff, who are friendlier, and just a better experience than Lloyds tsb. Anyone agree with me ? I find that once you ask a member of staff of Lloyds tsb, a question it is as if you asked them that the world is square. They look at you as if you are a mad person.

Stop taxpayer’s money being pocketed by banks – ringfence benefits

Whether you agree with benefits or not, it's a slap in the face to taxpayers that banks pocket the money from those who incomes depend on welfare in unfair charges and hit the most vulnerable in society hardest, by definition. The debt spiral takes more and more of tax money and puts it on bankers' profits to the tune of millions, if not billions, and undermines the help and support that society tries to give to the needy. They take from the jobless and they take from the workers as well in an unfair-charges double-whammy.

Why is this idea important?

Whether you agree with benefits or not, it's a slap in the face to taxpayers that banks pocket the money from those who incomes depend on welfare in unfair charges and hit the most vulnerable in society hardest, by definition. The debt spiral takes more and more of tax money and puts it on bankers' profits to the tune of millions, if not billions, and undermines the help and support that society tries to give to the needy. They take from the jobless and they take from the workers as well in an unfair-charges double-whammy.

United States access to European citizens’ bank account details

I don’t want my bank account details handed over to the Americans but this is what the EU has just agreed for all EU citizens. The UK should withdraw from this agreement.

Why is this idea important?

I don’t want my bank account details handed over to the Americans but this is what the EU has just agreed for all EU citizens. The UK should withdraw from this agreement.

Rename Royal Bank Of Scotland as Royal Bank of England

As the english taxpayer is the majority shareholder by far, and as this Bank has more branches In England than Scotland, it should be renamed as Royal bank of England as part of the price it has to pay for the money it has cost the taxpayer.

Why is this idea important?

As the english taxpayer is the majority shareholder by far, and as this Bank has more branches In England than Scotland, it should be renamed as Royal bank of England as part of the price it has to pay for the money it has cost the taxpayer.

Reform bank clearing times

It is time the government reforms bank clearing times, if necessary by reading the riot act to them as happended in Sweden . A debit card purchase I made on Sunday 2nd May this year at a garden centre appeared on my online bank statement first thing on Tuesday morning, on the next working day, given the Monday was a Bank Holiday. In contrast bank to bank credits often take 3-5 working days. Why does the concept of working days only apply to credits? I have also noticed direct debit payments being taken from my account on a Saturday on a supposed non working day. Also if cash is withdrawn from a hole in the wall run by another bank on a Sunday it appears on my online bank statement immediately. If banks can arrange immediate cash transactions on a non working day why do bank to bank transfers still take 3-5 days. I see no justification for the differential unfair treatment by the banks who are ripping off customers through the clearing system. It is not the technology that is at fault, it is their greed.
 

Why is this idea important?

It is time the government reforms bank clearing times, if necessary by reading the riot act to them as happended in Sweden . A debit card purchase I made on Sunday 2nd May this year at a garden centre appeared on my online bank statement first thing on Tuesday morning, on the next working day, given the Monday was a Bank Holiday. In contrast bank to bank credits often take 3-5 working days. Why does the concept of working days only apply to credits? I have also noticed direct debit payments being taken from my account on a Saturday on a supposed non working day. Also if cash is withdrawn from a hole in the wall run by another bank on a Sunday it appears on my online bank statement immediately. If banks can arrange immediate cash transactions on a non working day why do bank to bank transfers still take 3-5 days. I see no justification for the differential unfair treatment by the banks who are ripping off customers through the clearing system. It is not the technology that is at fault, it is their greed.
 

bank charges missed direct debit charges

bank charges are a detriment to customers,they can leave a customer of a bank in a massive spiral of debts they cannot get out of,the agreement and contract we sign is a disgrace to the banking industry,its a package of services banks say,to me and millions of people its a licence to steal money ,plain and simple,there contracts are so tightly sewn up,customers have no recourse for complaint about the way they are put into force,they tie you in so you cannot get out,they are ruining peoples financial affairs as we speak,visit bank.moonfruit.com to see exactly what they have done to millions of people,my bank is a disgrace,thats why i closed my accounts,they are so far removed from reality it is unbelievable that anyone has any confidence left.

Why is this idea important?

bank charges are a detriment to customers,they can leave a customer of a bank in a massive spiral of debts they cannot get out of,the agreement and contract we sign is a disgrace to the banking industry,its a package of services banks say,to me and millions of people its a licence to steal money ,plain and simple,there contracts are so tightly sewn up,customers have no recourse for complaint about the way they are put into force,they tie you in so you cannot get out,they are ruining peoples financial affairs as we speak,visit bank.moonfruit.com to see exactly what they have done to millions of people,my bank is a disgrace,thats why i closed my accounts,they are so far removed from reality it is unbelievable that anyone has any confidence left.

Are the Bankers to Blame for our Montary deflict

My idea is that the deflict was caused due to the fact in Feburary 2008, the bankers were litterly on the verge off collapseing.The consequences of yetting the banks from collapseing would have been to send the coiuntry down the road towards a 1930'sd style Great Depression.So hang on a minute are the stock markets now saying that they wouyld have helped us to recocver if the banks had failed, because ast the momernt this is the message that I am getting.

Why is this idea important?

My idea is that the deflict was caused due to the fact in Feburary 2008, the bankers were litterly on the verge off collapseing.The consequences of yetting the banks from collapseing would have been to send the coiuntry down the road towards a 1930'sd style Great Depression.So hang on a minute are the stock markets now saying that they wouyld have helped us to recocver if the banks had failed, because ast the momernt this is the message that I am getting.