The proposal for a safer and fairer monetary system with a national savings bank has been voted down.

The financial system is untenable, broken or even bankrupt states Arnoud Boot. Within this, the monetary system urgently needs an adjustment. The issue of money creation was put on the agenda by the foundation 'Ons Money' and was taken seriously by the Council. Arnoud Boot is Professor of Financial Markets at the UVA.

Money creation
Our economy needs to grow. That is why the European Central Bank, led by President Mario Draghi, pumps EUR 80 billion into the European economy every month with a click of a mouse. What is that huge virtual amount being used for? And what are the effects of these money injections?


Money creation: Commercial banks have won the battle