On the Role of Digital FinanceDecember 12, 2014
Ryan Weeks from AltFi.com interviewed the people behind The End of Banking, find out more:
Why today’s monetary reformists ask for too littleDecember 12, 2014
Proponents of narrow banking such as the Positive Money movement are pushing financial reform. Our financial system is indeed in desperate need of change. The debate in the UK, however, exposes the shortcomings in the logic of narrow banking in the digital age.
Monetary reformists have been excitedly looking forward to the first debate about money creation and society in 170 years, which took place in the UK parliament last Thursday. Judging by the news traffic that followed, this excitement was not widely shared. The Telegraph was the only major UK newspaper that announced this debate – as a spin for believers in monetary voodoo. Also telling is the fact that the chief whip of the Tories, Michael Grove, told his MPs they should go home on Wednesday afternoon. He did not consider this debate, initiated by the backbench business committee, as something worthy enough to delay the weekend of his MPs.
The End of Banking is now available!December 12, 2014
We proudly announce the official release of The End of Banking: Money, Credit and the Digital Revolution. You can find the press release here.
Shortly before the book launch, Foreword Reviews has also published its review. Barry Silverstein praises the book as “thought provoking, bold and visionary” that makes “a compelling case for sweeping changes.”
But see it for yourself and find out how the financial system can be changed for better. Order your copy today to be among the first to get the book.
Banks can no longer be controlledNovember 11, 2014
Neil Collins from the Financial Times has written about how banks have become ever more complex. In his words:
“The professionals struggle to see what is really going on, while the rest of us have no hope. We were grateful for Terry Smith’s simplified Lloyds Banking Group balance sheet in the FT last Saturday, just three lines to demonstrate how high-risk these businesses really are. Thirty years ago as a bank analyst, he could deconstruct their balance sheets with confidence – something he says is not possible today. The top executives pretend they understand, but they do not.”
This is an observation that underscores our claim: The digital revolution was a game changer. The reason why banking slipped out of control was the rise of information technology.
A Short History of Digital CurrenciesNovember 11, 2014
Today, Izabella Kaminska has published a short history of privately-issued digital currencies on the FTAlphaville:
It is an article that is much related to The End of Banking.
Coming soon!October 10, 2014
The End of Banking: Money, Credit, and the Digital Revolution has not officially been released yet. It will be available soon; we will keep you posted.
The End of Banking: An Innovative response to the Financial CrisisOctober 10, 2014
We proudly announce that The End of Banking: Money, Credit, and the Digital Revolution will be published next month. This book shows that we have an alternative to the current banking system with its unsustainable booms, inevitable busts, and predictable bailouts of Wall Street.
The End of Banking is different.
This book is for you if you think that the problems that caused the financial crisis of 2007-08 remain unsolved, and that we need fresh and innovative ideas to deal with today's problems with the financial system. We offer a unique perspective that will sharpen your understanding of banking and how it evolved from the industrial to the digital age.
There is an alternative -- We can do better than banking