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    • Home
    • Money Creation
    • Money Myths
    • Inflation
    • Banking Pros and Cons
    • Letter to Parliament
    • Our Central Bank
    • Money Creation by the BoC
    • CBDC
    • Our National Debt
    • How can we do it better?
    • McGeer examines Towers
    • Textbook Fallacies
    • Documents
    • communications BoC/OSFI
    • Doughnut Economics
    • PMC Podcast
    • Debunking MMT
    • Links
    • Update Archives
    • Videos and Updates

  • Home
  • Money Creation
  • Money Myths
  • Inflation
  • Banking Pros and Cons
  • Letter to Parliament
  • Our Central Bank
  • Money Creation by the BoC
  • CBDC
  • Our National Debt
  • How can we do it better?
  • McGeer examines Towers
  • Textbook Fallacies
  • Documents
  • communications BoC/OSFI
  • Doughnut Economics
  • PMC Podcast
  • Debunking MMT
  • Links
  • Update Archives
  • Videos and Updates

The ever increasing gap between the rich and the Poor

Nov.2, 2020

 In 1966 my father bought a house in Surrey B.C. for about $14,000.00. At the time his income was approx. $8,000.00 per year. The ratio of the cost of the house relative to income was about one and three quarters. That same house was assessed in 2019 at over $866,000.00 and the average income per year for the same job as my father had was about $70,000.00. The ratio of the cost of the house now is about twelve and a half times the annual income!  

Bank of Canada creates 155 Billion Dollars in one month

 Money creation by the Bank of Canada to purchase securities and provide loans to commercial banks.  April 9th update: https://progressivemoney.ca/videos-an... 

 Money creation:https://progressivemoney.ca/money-cre...

Another round of QE: https://progressivemoney.ca/another-r...

New ways of doing business: https://progressivemoney.ca/how-can-w...  


Pm update April 9, 2020

Click image to access Positive Money UK

MAJOR BREAKTHROUGH ON PUBLIC MONEY CREATION

 UK central bank becomes first in the world to adopt direct monetary financing to fund government spending during the coronavirus crisis. This move demonstrates once and for all that the government need not depend on private markets to finance its spending.  

PM update Sun. April 5, 2020 covid 19 Risk

PM Update April 5 (pdf)

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Pm update Wed. April 1, 2020 Covid 19

  

Bank of Canada (BoC) uses language to hide the money creation process for Covid 19 relief.

Bank of Canada Covid 19 (pdf)

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Pm update Sat. Mar. 28, 2020

PM Update Mar. 28, 2020 (pdf)

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