Max Keiser on How Is Money Created
17 July, 2012Popular journalist and broadcaster Max Keiser and monetary reformer Simon Dixon look at the root cause of the problems we face today and talk about how is money created on Press TV: http://www.youtube.com/watch?v=5SOiAMiqR_4&list=UU_wNYJCyycXXPmWni2JNZhQ&index=2&feature=plcp [sws_blockquote_endquote align="" cite="" quotestyle="style02" link=""] "Most people assume that banks take on a deposit and then they loan that deposit out and [...]
PoliticsUK Interview with Ben Dyson
16 July, 2012The Guardian on Positive Money
16 July, 2012Banks should lend from their capital, not from money conjured out of the thin air of cyberspace, writes Deborah Orr in her article in Guardian on Friday 13th July 2012. Here is a short extract: Much lip service is paid to the idea that over many years in Britain there has not been enough investment in [...]
Bob Diamond: It’s Easier to Blame Him than Reform Banking, but…
4 July, 2012The latest blog post from Simon Dixon hits the nail on the head: It seems like there is a new banking scandal everyday now. Every time I think we have heard it all, a new scandal pops up. I think we are all getting used to billions in financial fraud now. Libor scandal this month, rogue trader last month, and the [...]
Eurozone Unemployment Hits Record High
3 July, 2012Across the eurozone the number of unemployed rose by more than 1.8m in the past year. Unemployment among those aged under 25 is more than 52 per cent in Spain and Greece, according to Financial Times, 2nd July 2012 ING’s Mr Brzeski said economic confidence was “far below historical averages in all eurozone countries” [...]
Be Angry at Bankers, Be Angrier at Economists
2 July, 2012Ann Pettifor, director of Prime: Policy Research in Macroeconomics and a fellow of the New Economics Foundation writes in Guardian, Friday 29th June 2012: [sws_blockquote align="" alignment="" cite="" quotestyles="style01"] The Libor scandal 'is just a symptom of a much bigger dysfunctional banking system, one that is staunchly upheld by the British establishment' [/sws_blockquote] Here [...]
Financial Times gets it!
2 July, 2012Financial Times published an excellent article of Martin Wolf, the chief economics commentator of FT and member of the UK government's Independent Commission on Banking in 2010-2011, on Thursday June 28th, 2012: The case for truly bold monetary policy. Here is a short extract: It is the normal monetary system, in which the “printing” of [...]
"Funding for Lending" – Flogging a Dead Horse with a Different Whip
20 June, 2012Since the financial crisis began, nef has called for more effective use of Quantitative Easing (QE) to support the real economy and fund investment in low-carbon infrastructure. In common with many other monetary experts, we see this as both eminently desirable and entirely possible, writes Tony Greenham in his excellent article published on New Economics Foundation website on [...]
Positive Money Annual Report
14 June, 2012Positive Money annual report is now available. This annual report covers our second full year of activity, from June 2011 to May 2012. [sws_button class="" size="sws_btn_large" align="" href="/wp-content/uploads/2012/06/PM_Annual_Report-2011-2012_Web1.pdf" target="_blank" label="READ HERE " template="sws_btn_blue" textcolor="" bgcolor="" bgcolorhover="" glow="sws_btn_glow"] [/sws_button] Short summary: In our second year, a major focus of our [...]