Financial Crisis, Global Situation

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Lucian AerisThe bottom line is we need to take the power to create money away from commercial banks. Everything stems from this, and this is what PM was set up to achieve....

4 days ago

Chris CookWhy involve central banks in credit creation for either development financing or operational funding if they cannot create energy?The straightforward solution to funding the transition to a low carbon economy is to combine:Energy Swaps: asset/IP use exchanged for the use of energy through production...

5 days ago
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James MurraySimon,Finding a major economist who is not from the banks and in a position of power, such as Governor of a Central Bank will be very difficult.Carney at the BoE is a case in point.I listened to his talk at Liverpool Business Conference:https://www.youtube.com/wat...All he could do was describe the ...

4 days ago

SimonProbably Jim. I suggested to Ellen that infrastructure projects could be carefully and competitively costed and the State or Central Bank could provide interest free loans for that amount. Repaying the loans would have a deflationary effect. The fears of conventional economists about inflation are m...

3 weeks ago

James MurrayIt's puzzle.Let us imagine that Trump the politician had its Government happened upon a surprise motherload of practically pure gold on federal land, almost ready easily to be melted down and used as currency, and so without the pain of more taxes, more borrowing, a greater increase in the National ...

3 weeks ago
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ConradJonesWe have a perfect opportunity in our History to make the transition from Private Bank created money system to a public created money system as we have the expertise of the Bank of England which is publcily owned and it is clear that the transition from 20% publicly created money system (1950s and 19...

January 2017
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joebhed"Wealth, Virtual Wealth and Debt", by Dr. Frederick Soddy, the gentleman who brought the thinking of money as a 'systemic' science together with his understandings of natural science. Informed Simons, Fisher, Friedman and others.I'm pretty sure the W,VW &D book is available online for reading, w...

December 2016

joebhedTo clarify, I never said that the banks “should” make allthe rules, just that they “do”.Which you have just confirmed, along with its associatedproblems.I agree with everything you wrote, perhaps except that beingthe major cause for emigrations.Anyway....

December 2016

Rollo10Why should the bankers make the rules? They don't even use their own money, so shouldn't the Treasury make the rules and the bank obey them? Doing it the other way round is what created the mess in 1930 and 2008. They dropped Glass Steagal for their benefit, they have fiddled LIBOR, Gold & Silve...

December 2016
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