For example - You cannot put a square peg into a round hole. You cannot get a quart into a pint pot, so what about, you cannot repay a £ 97 …
Understanding Money & Debt
Still unconvinced that banks create money? Ask the Governor of the Bank of England…
Every now and again, Mervyn King, the Governor (or chief) at the Bank of England speaks with a clarity about the current system that is rare …
Debt – Just another Four Letter Word?
What is Debt? Within the population there are many who have run up huge levels of debt on their bank credit cards. Debt at such levels …
Is it Not Time to Call a Spade a Spade?
The Governor of the Bank of England has apparently told the Chancellor of the Exchequer that it is all right for him to abandon his pledge …
Ignorance Is Not Bliss
Whenever a Politician speaks about the economy, they show their ignorance of the economic facts. The latest example is Nick Clegg, who is …
Banks Behaving Better Shrinks the Money Supply
The population at large are demanding that banks behave better. In turn, this is encouraging some politicians to demand that banks behave …
If banks can create money, how come Northern Rock went bust?
Banks obviously can't create money, says Tim Worstall in his blog 'Ms Orr succumbs to the Positive Money loons', in response to Deborah …
PoliticsUK Interview with Ben Dyson
Why Money Disappears When Loans Are Repaid
Much to my frustration, 99% of the discussion of, and public information about, fractional reserve banking concerns the …