Zie ook het Sovereign Money plan van Positive Money.
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Are you aware of how the banks' ability to create money (97% of that in the UK economy) is fundamental to the economic crisis, and that changing to sovereign money would help solve many of the UK's problems?
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Iceland took IMF bailout money to prevent it defaulting on its sovereign debt... Really bad comparison there.
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Again, public spending for a sovereign country is not a question of "spending less than you earn lest you run out of money", it's a question of deciding on the right level of fiscal and monetary policy to achieve a set of complex contradicting objectives.
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On the other hand, a group of companies declaring themselves sovereign and shuffling large amounts of money around in a circle would produce an insanely high measurement in this statistic.
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why should a non-representative, non-sovereign entity be given tax money?
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Hamburg has been a sovereign republic for most of its history, it meant an oligopoly of rich people, in effect, traders: Difference to the surrounding monarchies was that political power wasn't inheritable directly, only money was (and, well, political power and commercial privileges depended on how much tax you paid): You could, indeed, fuck up and lose them, or even gain them, though social mobility was still very low, and most upwards mobility was due to adoption.
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These countries use their oil money to build sovereign wealth funds, not for current expenditure.
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The Sovereign Grant being money from the government used for business expenses by the Royal family, because at the end of the day, Royalty and the United Kingdom are a business, they promote the UK overseas, the same way rep's do for business's when they get travel expenses etc.
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In effect land the government "effectively" administers and financially benefits from by way of the Sovereign Grant would fall into the private sector, unless they stumped up the money to buy it outright - which could run into the billions.
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HOWEVER, the video itself points out the weakness of this argument and already makes the case that before considering that the Sovereign Grant is still much lower than the money rightfully made by them.
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The money is put aside and effectively means that Norway is the only country in the world with net savings, not net debt (although because they count the sovereign wealth fund separately from their debt, they still technically have debt.
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However Sovereign nations have the ability to increase their money supply through various actions.
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The major tools that sovereign nations frequently have is the ability to print money to cover debt.
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The taxation debates would certainly go on, and a livable BI in developed countries would require a significant increase in sovereign debt, but that is also needed to increase the world money supply to a level sufficient to provide sufficient economic activity.
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Also their sovereign wealth fund (the money put away for a rainy day from oil) is close to a trillion dollars, its only enough to run their government for about 4 years because they have budgeted for $60 oil.
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Norway has a staggering amount of money in their Sovereign Wealth Fund.
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The way to solve the problem of high oil prices, is keep most of it in a sovereign fund that will park some of the money overseas, to keep the Ruble relatively low when the price of oil goes up.
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It wouldn't be in OPEC's interest to cause a US economic downturn since their sovereign funds invest the oil money back in the US and EU economies.
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Spending the oil money within the economy will tend to have that effect; hence why Norway has a sovereign wealth fund that invests the oil proceeds outside of the country in order to avoid the resource curse.
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If the country is an issuer of its own freely-floating, non-convertible sovereign currency, then that country cannot "run out" of money.
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Mubarak - our chairman- has made a FUCKTON of money for the Abu Dhabi Sovereign Wealth Fund so he can't be that much of a clown.
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We're talking about making everyone a sovereign over their own lives, that has nothing to do with money, it means that respect inheres to your person, to your will.
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To have sovereign control of your money.
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First, they would need to leave the EU and bring back their own sovereign currency (Drachmas) in order to control how much money is "printed".
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Since humans aren't sovereign entities that can print their own money, this is technically a defacto default.
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Initially, the current money backing sovereign debt would need to be re-invested, this is more of an inconvenience than a radical change, and no one has a particular right to secure investments.
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New Guild, Killinger basically the main bad guy, the Sovereign is dead, Rusty now has a crapton of money, so much potential for new plot lines.
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If the state borrowed money, wants to avoid bankruptcy, and intends to keep on borrowing money to managing its sovereign debt, the very least it needs to do is to be able to pay it off.
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File it under "corporate/private sector money has more influence on our policy making than the illusion of a sovereign democracy where elected officials act on behalf of their constituents and not their ultra wealthy campaign donors i.e.
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I also give no fucks about tired "states rights" arguments, that only get trotted out when the contemporary equivalent of that same old group(hint, its still white dudes) get salty that they can't own slaves, or mint their own money, or be "sovereign citizens", or whatever weird reactionary-fringe bullshit their on currently.
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We could borrow this, and throw it in a sovereign wealth fund, and ask Norway to manage it, and still make money.
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This week, with Mr Draghi preparing to announce plans for quantitative easing (QE)—creating money to buy sovereign debt—the tabloid warned of devaluation, doom and decline (if not, yet, inflation).
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If the state borrowed money, wants to avoid bankruptcy, and intends to keep on borrowing money to managing its sovereign debt, the very least it needs to do is to be able to pay it off.
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You describe what is the true nature of money, what you call bullshit is actually the fiction made reality of agreements between a sovereign (nation-states nowadays) and the private sector or foreign entities.
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There's also going to be less money coming from oil-based sovereign wealth funds.
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I'm going with Norway's statoil revenues being used to put money in a sovereign wealth fund.
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That whole thing of being a sovereign nation comes in handy when it comes to hanging on to your own money.
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For instance, I'm sending this over a 150mb internet connection because the UK government intervened in the telecoms market to prevent a monopoly, meaning more providers, meaning competition, meaning faster speeds for less money than the US who exercised their sovereign right to be buttfucked by comcast or verizon (but not both).
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This concept, of the sovereign ability to tax only generating enough money to service the interest on debit, is an interesting origin of hyperinflations.
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But I'm not a sovereign country capable of printing my own money.
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Unless your in Nevada or on sovereign land; the real money sites are illegal.
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The money that isn't reinvested into the company contributes to the sovereign wealth fund.
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you can avoid the worst effects of Dutch Disease by creating a sovereign wealth fund like Norway, whereby you don't bring the money from the exports into the economy straight away.
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Every country with a net export of oil sets up sovereign wealth funds to invest the money.
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However, sovereign nations are probably here to stay and given the vast majority of consumers spend their money domestically I really dont see the desire.
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Invading sovereign countries, if even to help, is hard to do without money anyways.
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Canada: NWP opening up, if they can keep the whole big sovereign under their flag they could make some money from this route.
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The role of money from the perspective of a sovereign government is to match idle labor with idle resources.
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Money does not function for a sovereign currency issuing government as it does for a household, they're completely different dynamics.
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