{"id":13637,"date":"2015-10-21T06:24:24","date_gmt":"2015-10-21T11:24:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13637"},"modified":"2015-10-22T05:55:54","modified_gmt":"2015-10-22T10:55:54","slug":"moneyweek-hands-off-our-cash-petition","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13637","title":{"rendered":"Moneyweek: Hands Off Our Cash Petition"},"content":{"rendered":"<h3><a href=\"http:\/\/www.cobdencentre.org\/2015\/10\/moneyweek-hands-off-our-cash-petition\/\" target=\"_blank\">Moneyweek: Hands Off Our Cash Petition<\/a><\/h3>\n<p>Andy Haldane recently floated the idea of abolishing cash so that radical monetary policy like negative interest rates can be implemented.<\/p>\n<p>You can sign the Moneyweek petition against this here:<\/p>\n<p><a href=\"http:\/\/moneyweek.com\/wp\/hands-off-our-cash-petition\">http:\/\/moneyweek.com\/wp\/hands-off-our-cash-petition<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1 col-md-8 col-md-offset-2\">\n<blockquote>\n<div id=\"lp-intro\" class=\"bullet-points-intro role-element leadstyle-container\">\n<p id=\"lp-intro-description\" class=\"role-element leadstyle-text\"><span class=\"leadstyle-fontsized\"><strong>Whereas<\/strong>\u00a0the Bank of England\u2019s Chief Economist Andrew Haldane announced on 18th\u00a0September 2015 his intention to\u00a0<strong>abolish use of cash<\/strong>\u00a0in Britain in order to allow the bank to\u00a0<strong>impose negative interest<\/strong>\u00a0rates on savers;<\/span><\/p>\n<p><strong>Whereas<\/strong>\u00a0this would allow banks to charge you to keep your money on deposit and make it impossible to remove your money as cash in response;<\/p>\n<p><strong>Whereas<\/strong>\u00a0Denmark, Sweden and Switzerland have already imposed negative interest rates;<\/p>\n<p>Therefore, we the undersigned, as concerned savers and investors of Great Britain, do call on Her Majesty\u2019s British Government to:<\/p>\n<\/div>\n<div id=\"lp-bullet-points\" class=\"bullet-points role-element leadstyle-container\">\n<div id=\"lp-bullet-point-1\" class=\"row has-bullet-line role-element leadstyle-container\">\n<div class=\"col-xs-2 col-sm-1\"><span class=\"bullet-number\">1\u00a0<\/span><span class=\"leadstyle-fontsized\"><strong><u>Guarantee<\/u>\u00a0<\/strong><\/span>that cash will not be abolished from use in the UK<\/div>\n<\/div>\n<div id=\"lp-bullet-point-2\" class=\"row has-bullet-line role-element leadstyle-container\">\n<div class=\"col-xs-2 col-sm-1\"><span class=\"bullet-number\">2\u00a0<\/span><span class=\"leadstyle-fontsized\"><strong><u>Guarantee<\/u><\/strong><\/span><strong>\u00a0that negative interest rates will not be imposed undemocratically on British savers<\/strong><\/div>\n<\/div>\n<div id=\"lp-bullet-point-3\" class=\"row has-bullet-line role-element leadstyle-container\">\n<div class=\"col-xs-2 col-sm-1\"><span class=\"bullet-number\">3\u00a0<\/span><span class=\"leadstyle-fontsized\"><strong><u>Establish<\/u><\/strong><\/span><strong>\u00a0a form of public consultation on the specific mandate and monetary policy limitations of the Bank of England<\/strong><\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Moneyweek: Hands Off Our Cash Petition Andy Haldane recently floated the idea of abolishing cash so that radical monetary policy like negative interest rates can be implemented. You can sign the Moneyweek petition against this here: http:\/\/moneyweek.com\/wp\/hands-off-our-cash-petition Whereas\u00a0the Bank of England\u2019s Chief Economist Andrew Haldane announced on 18th\u00a0September 2015 his intention to\u00a0abolish use of cash\u00a0in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[10044,56,1035,1034,7380,1154,534,10045,1389,10043,4927],"class_list":["post-13637","post","type-post","status-publish","format-standard","hentry","category-economics","tag-andy-haldane","tag-bank-of-england","tag-cash","tag-cashless-society","tag-cobden-centre","tag-interest-rate-policy","tag-monetary-policy","tag-negative-interest-rate","tag-nirp","tag-petition","tag-war-on-cash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13637"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13637\/revisions"}],"predecessor-version":[{"id":13638,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13637\/revisions\/13638"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}