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Ons Geld

Dutch monetary reform foundation

Ons Geld (Dutch for "Our Money") is a foundation that promotes sovereign monetary reform in the Netherlands. The 2015 citizens initiative gathered over 100,000 signatures, leading to a parliamentary debate and comprehensive study of the monetary system.

01History

Ons Geld emerged during concern about the monetary system in the Netherlands. After the 2008 financial crisis, the 2012 Liikanen report and 2013 Wijffels Commission recommended structural reform the EU banking sector.

The Ons Geld foundation was set up in 2012 by Luuk de Waal Malefijit, inspired by Positive Money. Activist theatre group The Persuaders (De verleiders) produced a play on the production of money in 2014 inspired by Ons Geld.

The Binnenhof complex holds the parliament building in the Netherlands
The Binnenhof complex holds the parliament building in the Netherlands

02Citizens' initiative campaign

In 2015, Ons Geld and The Persuaders launched a citizen initiative and gathered 113,878 signatures supporting their monetary proposal, far exceeding the required 40,000. In April 2015, the initiative was submitted to the Dutch House of Representatives, calling for money creation to be taken away from commercial banks and for money to serve the public interest.

03Parliamentary impact

The initiative's success led to a hearing, followed by a March 2016 debate. The Dutch Parliament adopted a motion for that the government commission a comprehensive study of the monetary system.

04WRR report commission

The Ons Geld initiative and parliamentary debate led the Dutch Minister of Finance to formally request the Scientific Council for Government Policy (WRR) to conduct a detailed analysis of the current monetary system and possible alternatives. This resulted in the report "Money and Debt: The Public Role of Banks" presented to the Dutch government in January 2019.

05Waterworks of money

Martijn Jeroen van der Linden from Ons Geld collaborated with Carlijn Kingma on the Waterworks of Money, an animated hydraulic metaphor for finance.

Watch videos about Ons GeldExplainers and documentaries on YouTube (opens in a new tab)

Sources and credits

This article is adapted from the Wikipedia article Ons Geld, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.

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