"Pay Off Your Credit Cards for Sake of the Economy!" …You Can't Be Serious, Mr.Cameron!
5 October, 2011The question is often asked "Do Ministers understand about the economy?" Well, if proof were needed then today's headline in The Daily Telegraph answers that question. David Cameron says "Pay off your credit cards for sake of the economy!" From the point of view of individuals I would not disagree with that advice because [...]
ICB Leaves the Inherent Shortcomings in the System to Fester
4 October, 2011Three years after the 2007/8 banking crisis and what have we now? A report from the Independent Commission on Banking (ICB) which can be likened to stitching a new patch onto a worn out garment. It is often the case that depth of knowledge serves to cloud the real issues and a good example [...]
The Choice is Yours to Make
4 October, 2011You can EITHER accept That everything will stay as it is with the banks controlling the supply of all new money created as debt, and expect continuing: unnecessary personal debt, family debt and student debt; continuing national debt; increased taxation; a housing market fuelled by excessive irresponsible lending, resulting in many being priced out [...]
A New Dawn, a New Day, Where is the New Thinking?
26 September, 2011We are now constantly hearing there is a need to stimulate growth if our stagnating economy is to be revived. What exactly are those calling for growth stimulation actually saying? They are saying there needs to be more spending to boost the economy, but how is that to be achieved? Some are calling for a [...]
Prosperity Can Only Come From Change
14 September, 2011Once it is understood how the economy is actually funded, it should come as no surprise to anybody that little or no progress is being made in the recovery from recession. It is the same story in America and Europe. All of the talk is of a global financial problem, which it is, but that [...]
Three Home Truths
22 June, 2011There are, I believe three economic home truths, all of which are being ignored by the present coalition government. The first is that you cannot cure a debt problem by repaying old debts with new debt. Of every £100 in circulation, less than £3 physically exists in the form of notes and coins. The [...]
It Is All in a Glass of Water
14 June, 2011To understand how our economy works can seem to be very complicated, but if you visualise it as being a glass of water it becomes much easier to understand. The economy needs a quantity of money permanently circulating to finance all of the day to day transactions taking place. The payment of wages and [...]