Bank of England

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David Frederick PrestonI wish I did Jim; nothing can change with the current Government in power & the uncertainty of Brexit hanging around us. If those experts had ever got one forecast in ten correct, or the Governing party actually told the truth about what they planned to do, then it may be possible to put togethe...

5 days ago

medialAxisI don't know the answer to your question but, AIUI private individuals don't hold reserve currency and yet QE (which is the 'printing' of reserves, AIUI,) benefits the 1%, yes? As T. May admits....

5 days ago

James MurrayGruffydd,I had to look up SDRs or XDRs as their acronyms seem to be.I understand they can only be used by a country and not an individual.I therefore cannot see how they will protect the wealth of the 1% specifically.Can you explain or send a link?Jim Murray...

5 days ago
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James MurrayYet again, very well explained Frank. It is a pity that such a classic, timeless account is only found in a blog and not on a more accessible webpage on the site. I realise that there are four tags, but wonder if those searching for such a clear explanation of the functions and effects of the BoE's ...

February 2016

Vince RichardsonCatch 22 sums this up perfectly.We spend much time,or at least economists,polticians and the media do ,arguing about how to put things right.In the current system we have that is impossible.Such a waste of talent and effort.Sometimes you just have to think outside the box....

February 2016
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solutreanI’m glad that you now seem to have calmed down and are no longer using abusive language, did you take my advice then?Warren and yourself are both referring to the Fed system. If you read my post more carefully you will see that I am referring to the British banking system.The Bank of England IS co...

January 2016

RJWhat temper. You clearly are not being serious (you can't be this confused) Warren is very very very clear in this book as to what he means.From his bookDeadly Innocent Fraud #1:The federal government must raise funds through taxation or borrowing in order to spend. In other words, government spendi...

January 2016

solutreanThe above quote is taken directly from Moslers Seven Deadly Innocent Frauds of Economic Policy. If you have a problem with it blame Warren not me.You really should control that temper of yours RJ or you may blow a gasket. Why not nip down to the pub and have a few pints with the lads, I’m sure it ...

January 2016
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