Ben Dyson is the founder and director of Positive Money, an organization promoting awareness of the fundamental problem of the current debt-based monetary system in the UK.

Dyson studied economics at the School of Oriental and African Studies, University of London for two years, until in 2007 he realized that mainstream economics had little relevance to the real world. After finishing his second year, he withdrew from his course and joined three friends who were starting a business on the fringes of the financial sector. That business went well; within 6 months of joining and getting the business organized, it secured investment from the founder and owner of a FTSE250 firm worth over £1billion.

This experience on the fringes of the City gave Dyson a good background in finance and how the City operates. But as he watched the financial crisis kick off, it became apparent that no journalist, commentator or politician had a clue about the root of the problem. The same superficial analysis was repeated over and over again; it was like blaming the collapse of a building on the occupants being overweight, rather than asking whether the building may have been fundamentally unsound.

Thanks to a random encounter a couple of years before, Dyson had a different take on the financial crisis. Whilst stumbling through the university library one day, hunting for a mind-numbingly dull textbook on economics, the words ’Grip of Death‘ caught his eye. He had discovered the book that would explain why most economic theories failed, and why governments were usually unsuccessful in manipulating the economy. The book was Michael Rowbotham’s expose on the shocking effects of money and debt creation at the hands of the commercial banks (you can get the book on Amazon, but please consider supporting and thanking the publisher who took the financial risk of publishing this book: call Jon Carpenter Publishing on (+44) 01689 870437). The book explained the fact that almost all money is now created by commercial banks, as debt, when they make loans.

By April 2009 it had become apparent that the authorities and commentators were no closer to the root of the problem than they had been at the start of the crisis. Dyson went freelance a month later, and spent half his time earning money, and the other half researching the monetary system, developing proposals, based heavily on the work of James Robertson and Prof James Huber in Creating New Money (available as a free PDF). He also started to build a list of people who were interested in the issue.

In January 2010, Dyson made the first call out for a proper campaign. After some mis-starts, a not-for-profit company was registered in May 2010, and Dyson started building an organization.

Positive Money has two meanings: that money (and finance) can be a positive force if the system is well-designed, and that money can be created as ‘positive money’, without the mountain of debt that is inherent in the current debt-based system.

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Bio Source: About Ben Dyson

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