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What We Need to Do

We’ve spent the last six years researching the problems caused by the current debt-based monetary system and how to fix them. This is what we think needs to change to fix our broken money system:

1. Take the power to create money away from the banks, and return it to a democratic transparent and accountable process

2. Create money free of debt

3. Put new money into the real economy rather than financial markets and property bubbles

The End Goal: Democratizing Money

We think that the economy would be more stable and society better off if we transfer the power to create money from the banks back to the state, working in the public interest. These ideas have been around since the 1930s, but we’ve done a lot of work to update them for the modern financial system. You can find out more below:

Right Now: Making the Recovery Sustainable

When we rely on banks to create most of our money, then the only way of getting more money into the economy – and allowing it to grow – is to encourage people to go further into debt. But the financial crisis was caused by a huge build-up in private debt, so allowing that debt to increase even further could lead us into another financial crisis. What we need right now is to have a way of getting extra money into the economy, but without relying on households borrowing even more. This can happen if the Bank of England creates money and transfers it to the government to be spent into the real economy (rather than the financial or property markets). Read more

Report: Creating a Sovereign Money System

Sovereign Money (Cover)(Report, 56 pages) This document presents a reform to the banking system that would remove the ability of banks to create money, in the form of bank deposits, when they make loans. It would transfer the ability to create new money exclusively to the state, creating what we have termed a ‘sovereign money’ system. Read more & free download

VIDEO: Why Quantitative Easing was a waste of £375 billion

In the years following the financial crisis, the UK wasted £375bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history. Watch Now (6 mins)

INFOGRAPHIC – The Current System vs. Sovereign Money

Debt-Based-vs-Sovereign-Money-ScreenshotThis infographic shows the main differences between the current dysfunctional monetary system, and how it could be… View now

In more depth: Sovereign Money – Common Critiques

There are a number of common objections and concerns with the proposal to switch to a sovereign money system:

  1. Would there be enough credit? (Paper)
  2. Would it be flexible enough?(Paper)
  3. Other common critiques

INFOGRAPHIC: Quantitative Easing vs. Sovereign Money

QE-vs-SMC_Screenshot This infographic shows how QE was ineffective, and how the creation of sovereign money by the state would have been up to 37 times more effective in creating jobs and boosting the economy.View now…

Latest Research

Recovery in the Eurozone

Using Money Creation to Stimulate the Real Economy
Eurozone Recovery (Cover) This report shows that the European Central Bank’s Quantitative Easing programme will fail to deliver the type of recovery that the Eurozone needs. Instead the ECB could create new money and inject this money into the real economy rather than the financial markets. These alternative monetary policy mechanisms can be expected to be many times more effective than QE in boosting demand and output. More info & download

Digital Cash

Why Central Banks Should Start Issuing Electronic Money
Digital Cash This report explains how all adults could be given the option to store digital cash at accounts at the Bank of England. These accounts could be administered by private firms which compete with each other to provide payment services, debit cards and account information. Unlike traditional banks, they wouldn’t take any risk with customers funds, and wouldn’t require taxpayer-backed deposit insurance. The report also outlines some other potential benefits of adopting Bank of England-issued digital cash. More info & download

A Guide to Public Money Creation

Outlining the Alternatives to Quantitative Easing
Sovereign Money (Cover) Currently, there is a number of unconventional monetary policy proposals, also known as ‘Helicopter Money’, ‘Overt Monetary Finance’, ‘Strategic QE’, ‘Green QE’, ‘Green Infrastructure QE’, ‘People’s QE’ and ‘Sovereign Money Creation’. Our new guide will help you better understand ‘conventional’ QE, each of these various alternative proposals and its implications for the economy. More info & download

See all our research here .

Stay in touch


Jenkins' list of bank misdeeds

Jenkins’ list of bank misdeeds

The partial list of bank misdeeds (more than 100 to date!) was compiled by Robert Jenkins. Share it and put it on your website or blog just by copy-pasting the code.

Representation of public interest in banking

Representation of public interest in banking

07/12/16 EVENT: What blocks the public and interest groups from participating in banking? This one-day event combines plenary sessions with 8 parallel sessions.

MARTIN WOLF chief economics commentator at the Financial Times

“Finance Watch is exactly what Europe has long needed – an independent, thoughtful and courageous institution whose activities illuminate the necessary steps towards creating a financial system that is not only stable, but properly serves the wider social and economic interest.”


Information evenings, and members of the root tables

Every first Monday of the month, a lecture on “introduction to Monetative, and full of money” with changing speakers is held in the Association office 19 – 21 p.m., and admission is free.
Following the introduction takes place in the same premises, a regular get-together for members. This will allow you to Meet in a relaxed atmosphere, a more in-depth exchange and discussion of ideas and projects.

Next Dates:

Monday, 05.09., 19:00: info evening “introduction to the full monetary reform”
location: Monetative e. V. c/o gallery Gondwana, Merseburger Strasse 14, 10823 Berlin, speaker Klaus Karwat

Members Open Board Meetings

The Monetative Board of Directors typically meets to discuss on the first Monday of each month, current projects and tasks. The Board of Directors meetings are held in the premises of the Monetative , and are for members of the public. The Monetative-General meeting takes place (in the same location) at least once a year, the Board of Directors to be elected, the budget is adopted and the activities planned. It will take part in the Monetative-members, on request, guests can participate in.

Next Date:
Monday, 05.09., 15:00, place: Monetative e. V. c/o gallery Gondwana, Merseburger Strasse 14, 10823 Berlin

External Lectures

07.10., 18 PM: introduction to full money system,
from 20 clock “of Monetary-song evening“, Merseburger Str. 14, 10823 Berlin

14.11., 10-12 am: lecture on “monetary reform, full of money, Monetative” of Lino Zeddies at the westfälische Hochschule Gelsenkirchen

03.12., from 10:30-16:00 meeting of full money reform in Aachen, Germany,
Evangelische Kirchengemeinde Aachen, Frère Roger – Straße 8-10, 52062 Aachen
contact: Detlef Baer –

Workshops & General Assembly

13. November will be an extraordinary meeting of the members following our Monetative Jahrestagung in Frankfurt to take place. More detailed information will follow in a timely manner.

A full money weekend in 2017 will be from 31.3.-2.4. Once again in 2017 in the house of democracy in Berlin will take place.

Past Workshops & MVs 

Annual meetings

Anniversaryung 2016: “The money of the future – cash, Digital Cash, Fintechs?”
12.-13. November 2016 in the Ökohaus, Frankfurt a. m., Flyer with program here.

Last Year Meetings:

Video recordings of all previous annual meetings are to be found here.