With Thanks...

3. With Thanks... • James Gibb Stuart Trust • Best wishes from James Gibb Stuart • Best wishes from Alistair McConnachie • Alexandra Hardie and David Brown

4. Since Chicago 2009...

6. Title Goes Here

7. Draft Legislation Title Goes Here

8. 5 Minute Overview Title Goes Here

9. 20,000 Words of Details

10. 300 Comments

11. Proposed Bank of England Act • 3,000 readers each month • Pushing a solution to a problem no-one knows exists • Confused objections • Focus on explaining the problem • When they get the problem, they ask for solutions • Need to make the problem clear

12. The Brand & Name

25. New Brand & Name • No confrontation • We’re not attacking banks or bankers - just the business model that they’re using • Positive, optimistic, constructive - we can do better • Opens more doors • Easier to get high-profile supporters (think tanks, academic centres, MPs etc)

26. Core Message

27. Core Message • Fractional reserve banking does not work • Money and banking is at the root of most of our social and economic problems, but it doesn’t have to be • Money and banking is the foundation of the economy and society; we need to make sure its a firm foundation

28. Core Message • The current system is: • Unfair - currently the banks are subsidised by ordinary people, who have to pay interest on every pound/dollar that exists. It throws people into debt unnecessarily and lowers the ‘baseline’ of poverty from zero to negative x thousand. • Unstable - the current system is inherently unstable and causes recessions every few years. It is designed in such a way that it is bound to collapse.

29. Core Message • The current system is: • Unsustainable - ever rising debt and the necessity for infinite and exponential GDP growth is not sustainable. • Unproductive - pumping money into housing, while starving businesses of investment is not productive. Throwing millions onto unemployment benefit and bankrupting otherwise sound businesses during a recession is not productive.

30. Core Message • So let’s fix it. • We’re not pushing one particular solution: • Raising awareness of the problem • Setting out criteria against which any solution can be assessed

31. Criteria for a Positive Money System

32. Core Message: Criteria for a Positive Money System • Let’s make banking fair: • banks should operate in the same market constraints as apply to ordinary citizens and non-financial businesses • banks should not benefit from state support, nor from indirect and hidden subsidies • the banking sector should be rewarded in line with the real value that they contribute to society and not benefit from ‘free lunches’ conferred upon them through the structure of the money system.

33. Core Message: Criteria for a Postive Money System • Let’s make banking fair: • the process of creating money should not create debt • the system should not create unnaturally high levels of debt

34. Core Message: Criteria for a Postive Money System • Let’s make banking stable: • the system will not be inherently unstable or pro-cyclical, so that markets can operate effectively without being destabilised by the financial sector

35. Core Message: Criteria for a Postive Money System • Let’s make banking sustainable: • the system will not contain fatal flaws that make its eventual collapse inevitable • the banking sector should not naturally grow to an ever-larger percentage of GDP • it will not act as a driver of environmental breakdown

36. Core Message: Criteria for a Postive Money System • Let’s make banking productive: • the system will support the productive economy, rather than distorting the economy towards non-productive asset-price speculation • the costs of providing a medium of exchange (payments system) to the economy should be as low as possible • banking (the payments system and saving/lending sector) should not be increasing as a percentage of GDP.

37. Campaign Aims

38. Campaign Aims 1. • Promote a wide understanding of the problems with fractional reserve banking, explaining why we can’t keep it as a basis for the economy going forwards.

39. Campaign Aims 2. • Build demand for fractional reserve banking to be abolished, among our key audience: • studentsgeneral publicacademiamediaunions, MPs, charities & NGOs, industry & business, faith groups, the City

40. Campaign Aims 3. • Facilitate the finding and implementation of a solution and a new model of banking that will replace fractional reserve banking.

41. Strategy

42. LOCAL MEDIA Journalists, writers, commentators etc. LOCAL GOVT. & MP Raising support in the council and lobbying the MP NATIONAL PARTNERS Charities, unions, think tanks, non-banking businesses, related campaigns NATIONAL MEDIA Journalists, writers, commentators etc. ACADEMIA Professors & researchers University chancellors pressure pressure pressure supporting pressure supporting pressure pressure STUDENT NETWORK Student groups in 20-40 universities, educating the wider student population and asking academics to engage in this issue GOVERNMENT The Coalition, Treasury, key Committees, key MPs and advisors POSITIVE MONEY HQ 4-5 full time staff, providing the campaign infrastructure to support the student network and constituency groups CONSTITUENCY GROUPS Campaign groups in each constituency, or a cluster of constituencies (eg. Bristol, Sheffield). Educating fellow constituents, the local media, and putting pressure upon their MP.

43. Success So Far

44. Success So Far • Think Tanks - working with: • New Economics Foundation • The Cobden Centre • Developing relationships with: • Compass (Labour Party) • Other key organisations

45. Success So Far • MPs - met: • Stephen Williams (LD, Bristol West) - member of Liberal Democrat treasury policy committee • Steve Baker MP (Conservative, Wycombe) • Introduced a bill with Douglas Carswell MP to stop fractional reserve banking (10 minute rule bill, 2nd reading 19th November) • Working closely together on strategy viz parliament.

46. Success So Far • Secured funding from RH Southern Trust • Second full-timer started Monday 13th November • Responsible for student network, activists and local campaigners • 8 University groups about to be established (founding members selected from 50 applicants) • Trained 30 environmentalist activists on the relationship between finance, money and environmental breakdown

47. Success So Far • Attended round-table discussions with • David Davis MP • Robert Peston • Professor Paul Wooley • Tony Benn • and more.

48. Success So Far • Started an innovation group at The Finance Lab (a joint initiative between WWF and the Institute of Chartered Accounts for England and Wales (ICAEW)

49. Success So Far • Network of high net-wealth business people who understand the money issue and are looking for a business solution (new models of banking that would circumvent the fractional reserve banking system, for example) • 2 regional radio shows • Spoken at Lib Dem Autumn conference (fringe meeting) • Spoken at an environmental fair in Brixton • Media training • 1,626 members signed up in total via word of mouth

50. Success So Far • Worked with BBC to guide research for a Robert Peston documentary • Developed a social networking platform for our members to coordinate and collaborate throughout the campaign, organised around constituencies