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Archive | October, 2010

Our name is Leviathan

“I promise to pay the bearer” is what it says on all paper money printed up by the Central banks for our governments. But it is not the government nor even the Central Banks making that promise. They print the notes and decide on the number of notes in circulation, but the promise is ours. […]

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UK plc – an abomination

Sorry I haven’t posted in a couple of days. I’ve been out filming. But I just wanted to say this. The first time I heard the phrase UK plc I hated it. Now I know why. When companies and banks go bankrupt there is a pecking order of who gets what.  The labour force gets […]

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The Gathering Storm – Part 2

Before we start, why I am telling you all this stuff, especially if you’re not American? Before Lehman Brothers imploded there had actually been a protracted death struggle culminating in the now infamous ‘Repo 105’ last-ditch attempt to raise cash.  But at the time we didn’t know it was going on. We were unaware. Today […]

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The Gathering Storm – Part 1

Sorry for the silence but there is so much to read, things breaking so thick and fast, that it seems unwise to rush to judgement.  So consider this just a dispatch from the storm front. Any of you who have been watching the gyrations of the markets over the last week will have seen, as […]

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From Currency War to Trade War

Two things were said yesterday which give me pause for thought. First, this from Bloomberg, “At the end of the day, there is nothing the Brazilian government can do to fight against the record low yield levels in developed economies,” Bank of America Corp. said in a note to investors. “The government has engaged in […]

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Bankers in Black

When I listen to our governments I am starting to feel that I have somehow slipped into the film Men in Black.  How else are we supposed to explain that we are now expected to completely forget that it was the banks who created, and are now profiting from, the global catastrophe of debts and […]

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QE 2 – An alternative to bailing out the banks again

Whenever you disagree with accepted wisdom and just can’t be made to fall in to line with the plans of the established experts, eventually people get exasperated with you and say, “Yeah, well what’s your idea then? Eh? Let’s hear your plan.” So here is a plan.  Not a whole alternative budget or new economic […]

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Who are the bond holders we are bailing out?

The citizens of Ireland have been forced over the last two years to give the bond holders of Anglo Irish bank 20 billion euros. WHY?  The Irish government recently told its people the 20 billion was not enough and they MUST give the same bond holders another 10 to 20 billion euros.  WHO are these […]

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No more Mr Nice Fed

I think we have now arrived at a hinge point in the currency war.  The USA has decided to throw its weight around. Up till now it has been the U.S.A. complaining loudly and bitterly that China isn’t playing fair by keeping the Yuan artificially undervalued, while China, for its part, largely ignored the complaints. […]

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Debt Generation Web Site

The Debt Generation Web site is now up and running.  I’ve added a link to it on the ‘links’ list. I have taken down the PDF extract from the book since the web site contains both text and audio extracts.  There is also an interview with yours truly. Please feel free to let us know […]

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