BBC: Radical Economics – Escaping Credit Serfdom
16 February, 2011The following BBC Radio 'Analysis' program discusses the 'financialisation' of the economy and the rise of credit serfdom. It doesn't get to the root of the issue - the fact that when banks create almost all the money as debt, then it's inevitable that the vast majority of people will fall into 'credit serfdom' - [...]
Move Your Money (to a Mutual)
27 January, 2011One way to chip away at the power and influence of the big banks is to simply withdraw your financial support. Move your money to a bank that has a better business model or ethics. But to whom? The ideal option would be a true full-reserve banking: a bank that doesn't promise you instant access [...]
Independent Commission on Banking Release Responses
27 January, 2011The government's Independent Commission on Banking have just published a summary of all the submissions they received, along with the submissions themselves. Their summary is available here. We'll add to this as we analyse the submissions over the next few hours. Positive Money's submission got a reference in the summary: " However, some did view [...]
From the US: Representative Dennis Kucinich Introduces Monetary Reform Bill
26 January, 2011The following is an article by Stephen Zarlenga (of the American Monetary Institute) and Greg Coleridge, providing an update on a significant development in the US. Jobs and the debt are chronic problems requiring fundamental solutions rather than piecemeal approaches. A bill providing just such fundamental solutions- the National Emergency Defense Act by US Rep. [...]
Robert Peston Discovers the Root of the Problem
21 January, 2011On Tuesday evening, a major step forward was made. Robert Peston, the famous BBC presenter on everything to do with finance, actually used the words 'fractional reserve banking' on national television! Fractional wotsit? That's the system that the banks used to create £1.2 trillion of 'funny money' over the last ten years. It's the system [...]
Good Old Fashioned Banking (Humour)
12 January, 2011A bit of light relief - banking as it used to be done: http://www.youtube.com/watch?v=YUhb0XII93I And one from Australia on the European debt crisis: http://www.youtube.com/watch?v=I5QwKEwo4Bc
Prospects for 2011
3 January, 2011Let's get the bad news out of the way first. (Don't worry - there's good news to follow!). The Bad News We're about to start feeling the real human impact of a crisis caused by the fractional-reserve banking system. The economic situation is going to get worse - probably much worse. Other countries (especially Spain) [...]
Money's Made Essentially from Thin Air (Video)
17 December, 2010Enjoy, courtesy of AJ: [youtube id="6AiuAotV_o0"]
Giant Vampire Squid On the Loose…
7 December, 2010The New Economics Foundation are calling on the government to tame the Giant Vampire Squid that the banking sector has become. The following video explains all and you can see the campaign here. [youtube id='QoUWgI-c9g4'] Sign up for the campaign. By the way... The 'giant vampire squid' was originally used in Rolling Stone when referring [...]