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Bill: Banking reform
Details
Submitted by[?]: Republic Alliance Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: June 4047
Description[?]:
| This bill, if passed, will ensure the government operates the central bank, as currently the central bank loans money to the state at interest, the current legislation is not a fair or free system, if the state loans money from the central bank, the state has to pay back that loan with tax payers money, this ensures the state is a slave to it's debtor, the central bank, under the proposed legislation, the state will print it's own money, owing nothing to a privatised central bank. All other banks, under this legislation will be private. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: All banks are privately owned.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
| Date | 08:21:49, June 19, 2016 CET | From | Republic Alliance Party | To | Debating the Banking reform |
| Message | We the Youth Alliance Party feel that the proposed legislation will revolutionise this nation for the better. When you think of it, the current system we have of loaning money from the central bank at interest, really isn't free or fair to the people, it really means that their tax money is going towards paying off a government created debt. However much that debt is, if it's a small debt, than taxes would be lower, obviously this is dependent on how much the state borrows. If it's a large debt than taxes would therefore be much higher, this could be dangerous, because if we tax our middle class and top 1% too high, they may leave this country in order to pay less tax in their new adopted country, this would mean less tax revenue for the state and a higher debt, which would completely destroy the economy. However if we control the printing of our own money, by owning the central bank, it would cut out the middle man so as to speak, this would mean no national debt, which would in turn mean lower taxes for the middle class, corporations, and the top 1%. To sum it up, it would grow the wealth of business' and working people alike. |
| Date | 07:07:26, June 21, 2016 CET | From | Parti des Progressistes Royales | To | Debating the Banking reform |
| Message | What are you taking about? We don't have a central bank you fool, we got rid of it because it was upheld by the upper class who just gave itself great rates and screwed everyone else. What are you talking about, "no national debt"? Is your party full of halfwits? "To sum it up", the Youth Alliance has no idea what it's doing. |
| Date | 09:14:40, June 21, 2016 CET | From | Republic Alliance Party | To | Debating the Banking reform |
| Message | Oh seriously pdpr, you guys are keeping it real....real dumb. I'm going to teach you something called economics...ok. Who controls the printing of money? The central bank, now who owns the central bank? Private share holders...ok got that. Now what happens is, if the government needs money, they ask the central bank for it, so let's say the state needs 20million, they ask the central bank to print that money, but since the central bank is owned by private shareholders, they loan it to the government with interest, the government then pays that loan back with the tax revenue it receives from the people. Now if the government borrows more from the central bank than it can pay off with tax revenue received, than a little something called debt is created. Whilst the current government has done a good job, to ensure that we are receiving more tax than money borrowed from the central bank, therefore creating a surplus, it could be dangerous if we get a stupid government, like yourselves, in power, who may borrow more than it can it pay off, therefore sinking our economy into debt. This is why we have proposed, and now passed this legislation, ensuring that can never happen, as we now print our own money, instead of borrowing from a privatised bank. |
| Date | 09:18:33, June 21, 2016 CET | From | Republic Alliance Party | To | Debating the Banking reform |
| Message | I'm going to have to call the pdpr, the baby party, because I have to educate them about these issues, like I would a baby. |
| Date | 14:41:09, June 21, 2016 CET | From | Parti des Progressistes Royales | To | Debating the Banking reform |
| Message | Are you serious? Are members of your party mentally challenged? You do realize that banks don't print money, they never have and never will, the MINT, which isn't a BANK, prints money, therefore the government doesn't need to get CREDIT LINES FROM PRIVATE BANKS YOU IDIOT. Debt isn't created by having private banks you dunce. And you're saying that if I got in power, the government would be stupid, by my party has run successful governments FIVE TIMES, more than your ZERO TIMES AND ZERO SEATS you have! IM THE ONE WHO CREATED THE SURPLUS YOU FOOL |
| Date | 19:14:46, June 21, 2016 CET | From | Republic Alliance Party | To | Debating the Banking reform |
| Message | Here we go...... Its THE BABY PARTY!! You are seriously idiotic.....I'm not talking the banks like the ones you have bank account with, like Barclays. I'm talking about the central bank, which is different to the other banks, like Barclays. Obviously Barclays doesn't print money. However the central bank does, because the central has ownership of the mint, it controls how much money is printed, the mint is just the factory where it's printed. Put it this way, it's like a company, such as Nike, now Nike owns factories, and creates products at those factories, but it's only under their authority what products are made, how many of each product are made, and which retailers the products are shipped to. It's the same with the central bank, they actually lend money to banks, such as Barclays, and other banks of that nature, at interest, Barclays then loans that money to people, in the forms of mortgages and other loans, at even higher interest in order to make a profit. Money doesn't come out of the mints ass like you think, somebody has to control the mint, and that somebody is the central bank, not the government (however not under my passed bill) that's why I proposed state ownership of the central bank, so thereby owning the mint, and printing of our money. Now the reason the central bank was created, was to fund war, I'm not saying our nation is in a war, but central banks in any country were created to fund wars, but they weren't created by government, they were created by private shareholders, who offered to loan the government money, in order to fund their war, because as you know, wars are very expensive, and governments simply can't afford to pay for a war with just tax revenue, as there are other expenses governments have to care for with tax revenue. It's like if you are buying a car, but you don't have the cash up front, because you have other expenses, such as groceries, electricity etc. So you get a loan from a finance company, in order to buy the car, and then pay the loan off in instalments. The problem is governments don't only loan money from the central bank to fund a war, they also loan from them for other expenses, such as infrastructure, because its a quick and easy way to get money. This is why I proposed this bill, so that our nation isn't a slave to its lender, the central bank, and also it will create more government revenue, because we will be in control of printing our own money, and therefore loaning money to banks like Barclays at interest. I've got a diploma in economics, so I know this stuff. Don't be fooled the central bank is not the same to any other bank. |
| Date | 19:17:46, June 21, 2016 CET | From | Republic Alliance Party | To | Debating the Banking reform |
| Message | The Baby Party just got schooled again......like I've said they're complete embarrassments to our great nation. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 312 | |||
| no | Total Seats: 188 | |||
| abstain | Total Seats: 0 |
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