---------- Forwarded message ---------- From: Shann Turnbull <[email protected]> Date: Tue, Apr 5, 2016 at 6:52 PM Subject: Re: Fed on too-big-to-fail To: M Mellor <[email protected]> Dear All Monetary reformers may be interested in my proposal for member States of the EU to issue digital negative interest rate Terminating Euros to regain their monetary sovereignty as set out in my paper presented in Athens on June 15 last year. It would be “debt free positive helicopter money” redeemed by the negative interest rate in say one year as occurred with Stamp Scrip during the Great Depression. I suggest that the EU, ECB and IMF, who make up the “Troika”, should encourage member States to undertake trials issuing debit cards that can be topped up weekly through the internet that could also receive the negative interest payments for redeeming the money. The Athens Institute for Education and Research has published myJune 15 paper on “Terminating Currency Options for Distressed Economies” at: http://www.atiner.gr/papers/POL2015-1818.pdf Because terminating money would circulate much faster I described it a “Speed” Euros. Speed Euros could contribute to creating a universal basic income. It would remove the need for QE. It would represent QE for voters instead of QE for bankers or for the institutions that Corbyn describes as “Citizens”. I will be raising the above ideas in a panel discussion I have organised at a European Finance Management Association conference at Basle University on June 30 and at the Heterodox Economic conference in Glasgow July 7-9. Dr. Philip Moutot, a senior advisor of the ECB has agreed to chair our Basle discussion on the future of digital money. The other speakers are Chris Giles, the Economics Editor of the FT, Dr David Kumhof from the Bank of England and Dr Paola Tasca from University College London. I have posted more details at: https://docs.google.com/document/d/1BDbyId-Pnlw1D-RMeG6VENCEJ-ymunm4xGr2I09G... The other paper I presented in Greece last year in Thessaloniki on June 2 is forthcoming as a book chapter: ‘Stimulating business and economies with negative interest rate money: Enabling Euro Zone Nations like Greece to regain monetary sovereignty’, in Beate Sjåfjell, Georgina Tsagas and Charlotte Villiers (eds), *Sustainable Value Creation under EU Law:* *Transdisciplinary perspectives on the EU social market economy, *Chapter 9, Cambridge University Press: UK. Working paper at; <http://ssrn.com/abstract=2609971>. <http://ssrn.com/abstract=2609971%0D> Regards to all Shann -- Check out the Commons Transition Plan here at: http://commonstransition.org P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net <http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation>Updates: http://twitter.com/mbauwens; http://www.facebook.com/mbauwens #82 on the (En)Rich list: http://enrichlist.org/the-complete-list/