Weapons of mass financial inequality
3 January, 2013Here is a personal view on derivatives from Peter Kellow. Positive Money doesn't do any work on derivatives but we thought this explanation of them was quite clear and worth a read. In the Observer, 23rd December 2012, Will Hutton writes an article entitled: “Bank rate-fixing scandals reveal the rotten heart of capitalism: The magnitude [...]
The Planet-Sized Financial Casino That Rules Our Lives
9 July, 2012Any enquiry into the about the Barclays Libor Scam created by the government, either a select committee or a QC lead enquiry, will do nothing to address the real problems. Such an enquiry presupposes that the fault lies either with the conduct of the banks or with the regulatory system. But the real problem lies [...]
What To Do About The Barclays LIBOR Scam?
3 July, 2012I returned from a couple of week’s holiday in the sun yesterday. So for two weeks I saw no news and received no emails. Very refreshing. What was not so fresh was the news that greeted my return. Once again the bankers have been caught up to their tricks of looting their investors and the [...]
The End of Capitalism As We Know It
5 December, 2011Something is happening in the world economy that has not happened before within historical memory. It concerns the future of nation states of the world – all of them. It concerns a way in which state activity is essential to capitalism. You won’t hear this from orthodox economists and commentators for they do not [...]