Most of the talk in the news these days is about Greece: "Greece gripped by general strike over austerity package; Greece could run out of …
Archives for June 2011
Three Home Truths
There are, I believe three economic home truths, all of which are being ignored by the present coalition government. The first is …
George Osborne to back 'ring-fencing' of retail banks
According to The Telegraph, Friday 17th June 2011, the Chancellor will give his public support to proposals from the Independent Commission …
It Is All in a Glass of Water
To understand how our economy works can seem to be very complicated, but if you visualise it as being a glass of water it becomes …
Spare a Thought for the Low Paid in Banks
It's not all bonuses and seven figure salaries in banks outside the City of London. FairPensions are running a campaign to pressure banks to …
No Way Out? The British Economy Is in Very Deep Trouble
It's not looking too good for the UK economy, according to Tullett Prebon Strategy Notes, 26th May 2011. They point to the huge debt burden …
Debt-driven Growth
The following is an extract from the highly recommended The Grip of Death by Michael Rowbotham. If you haven't read it already, you …
'Forget Entrepreneurs, Only Banks Can Create Wealth'
We must hope the banks become less sick and less mad, and realise that to save themselves they must save everyone, according to The …
Is Evil the Root of All Money?
As spending cuts begin to bite, we need to ask what is wrong with our economic system that has caused it to fail so badly. All developed …