I watched Charles Ferguson’s excellent documentary “Inside Job” for the second time yesterday. It’s a masterful polemic exploring the series …
Financial Crisis, Global Situation
Private profit from a public utility: the ambivalent position of the banks
This weekend Mervyn King has warned of further crisis in the banking system, and the City has responded predictably to his …
Dear Mr Osborne: This is a dose of the wrong remedy (and it’s too little and too late anyway)
"The government says is to increase its levy on banks to £2.5bn this year which will raise an extra £800m for the treasury. With talk of …
From the US: Representative Dennis Kucinich Introduces Monetary Reform Bill
The following is an article by Stephen Zarlenga (of the American Monetary Institute) and Greg Coleridge, providing an update on a …
Prospects for 2011
Let'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 …
China Falls into the Same Trap
For a while there was an impression that China had avoided the financial problems that are hitting western countries right now. Not so, says …
Ireland, Welcome to the Death Spiral
(George Osborne Take Heed) Ireland may now be in the 'death spiral' that is a natural end result of fractional reserve banking. Here's the …