Items tagged with: iceland

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skanda42 5 years ago

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Iceland at work to create the strongest media freedom laws in the world !

The IMMI -Icelandic Modern Media Initiative)-and the "Switzerland of bits" project

More on IMMI : #Iceland #IMMI #switzerlandofbits #security #freedom #internet #privacy #whistleblower #law #bigdata
#pirateparty #media #legislation

Iceland To Take Back The Power To Create Money
Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled “A better monetary system for Iceland”.

Under the so-called Sovereign Money proposal, the country’s central bank would become the only creator of money. “Crucially, the power to create money is kept separate from the power to decide how that new money is used,” Mr Sigurjonsson wrote in the proposal. “As with the state budget, the parliament will debate the government’s proposal for allocation of new money.”

Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.

Iceland at the forefront of real revolution. Iceland – If you do this, I'll salute and celebrate you. This is the kind of change the west need, I can only hope it will be implemented and be successful.

#Economy #CentralBank #CommercialBank #Iceland #Money #Parliament #Revolution

The Automatic Earth: Iceland To Take Back The Power To Create Money (Raúl Ilargi Meijer)

Gottscho-Schleisner Plaza buildings from Central Park, NY 1933 Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament.
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Palantír 7 years ago from Diaspora
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