PositivePete   10 #1 Posted October 20, 2014 Peter Verity, coordinator of the Sheffield group of Positive Money supporters, gives this month's illustrated talk, 'Debunking Banking'.  We know that "banks create money out of thin air", and we are campaigning to "democratise money and banking", but what does that really mean? Peter goes back to basics and debunks some widely held myths. •What is money and where does it come from? •What makes a bank's balance sheet so special? •What is Fractional Reserve Banking about? - what exactly are Reserves anyway? •What role - if any - would banks have in a reformed system?  Quaker Meeting House, St James St, 7:30-9:00pm, Monday 27th October We ask for a donation of £3 per head to cover costs  The Sheffield group of Positive Money supporters meet the last Monday in each month, except public holidays. We organize local events, talks and discussions. Our meetings are for everyone interested in how the money system works and how it could be changed to be constructive and socially beneficial. Everyone welcome!  http://positivemoneysheffield.pbworks.com Share this post Link to post Share on other sites Share this content via...