Chinese wage rises.

By on May 17, 2013 in latest

The Chinese authorities have, for some time now, been talking about the desirability of moving their economy from being overly reliant on exports to one which has a significant domestic component of goods produced in China for consumption in China. The central authorities have wished rather publicly that more investment and bank lending was going [...]

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Paper gold, Metal gold – when worlds diverge.

By on May 17, 2013 in latest

The price of gold is going down. That is what the charts, newspapers and pundits are all saying. What I think they are deliberately not saying is that the value and desirability, as opposed to the price of gold, is going up and will go up further. Make no sense?  Well I think it does if [...]

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What bankers don’t know

By on May 14, 2013 in latest

A great deal has been written about what corrupt bankers knew and when they knew it. I want to look at what they didn’t know. Not from a desire to be perverse but because what bankers knew and when, the stuff of good investigative journalism and legal cases, is what you need in order to prove an [...]

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Peak collateral – a strange attraction

By on May 13, 2013 in latest

I wonder if we are reaching what we might call ‘Peak Collateral’?  That state when the creation of assets, which the market will accept as collateral, is insufficient to sustain the demand for credit. It’s funny isn’t it, how the terms we use, or are encouraged to use, have such an influence on how an [...]

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Ding Dong the Witch is dead!

By on April 8, 2013 in latest

Mrs Thatcher died this morning. For her children, loathsome though at least one of them is, I offer sincere condolences. Even nasty people feel the inexpressible pain of losing a parent. But for me and many like me this is a good day. One less truely awful person in the world. This was sent to [...]

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Making the Truth Illegal – revisited

By on April 7, 2013 in latest

“Making the Truth Illegal” is the title of the only post I have ever removed from this blog. I removed it because I was threatened with legal consequences if I did not. (Plus, I would like to add, some of the way I had written the blog post was stupid and could have hurt someone [...]

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Max Keiser picks up on “Plunderball”

By on March 29, 2013 in latest

Seems like Max Keiser liked the Plunderball article . You can see him and co-host Stacy Herbert quoting from the aricle and discussing it in their own uniquely entertaining and irreverant style on this edition of their show.  

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Two Interviews

By on March 28, 2013 in latest

Just a brief update. Two links for you . Two brief interviews: one  with me the other with Jonathan Sugarman, both about the failure of Financial Regulators. Belgian TV released another part of the interview they did with Jonathan Sugarman. In this part he talks about the Irish Bank guarentee and asks where was the [...]

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Twilight of Justice

By on March 26, 2013 in latest

Back in December of 2012, when it was proved in U.S. court that billions of dollars of drug money had been laundered through HSBC and yet somehow it was also found that HSBC was NOT guilty of laundering and neither was anyone in the bank, there was an outcry. In America Massachusetts Senator Elizabeth Warren, [...]

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Inequality, Crime and the Banks: A talk by former Scotland Yard Fraud Squad Officer Rowan Bosworth-Davis

By on March 22, 2013 in latest

For those of you who don’t know him, Rowan Bosworth-Davis is a former Scotland Yard Fraud Officer. He is also one of the country’s authorities on Money Laundering and financial fraud.  I am re-reading one of his classic works, “Money Laundering – A practical guide…” It should be a great talk. I will try to [...]

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