Warning: Creating default object from empty value in /home3/tandem/public_html/golemXIV/wp-content/themes/canvas/functions/admin-hooks.php on line 160
Archive | November, 2011

Bank funding crisis deepens

So as European leaders admit they can’t find the money to make the EFSF (Europe’s bank bail out fund) anything like the size they all said it had to be, but they are saying nevertheless that the EU gives itself 10 days to fix the crisis. The latest plan is to turn to the IMF […]

Read full story Comments { 93 }

Spanish Deposit Guarantee danger

Where is the European Bond and Banking crisis going next? Well Europe has a simple problem – it can’t sell its debt, neither sovereign nor private bank debt – at an interest rate they can afford. Italy sold €7.5 billion in bonds but at rates that are completely unsustainable. To give you an idea of […]

Read full story Comments { 63 }

Edinburgh Talk Dec 6th

For those who might be interested I will be giving a talk in Edinburgh on Dec. 6th. There will also be what I hope will be another lively Q&A afterwards as well as a chance to meet in person and talk informally. I hope you can make it. It will be at 7.30 pm at […]

Read full story Comments { 24 }

Debt or Taxes – the battle of our time

Debt is to the free market and its political agenda as taxes are to democracy. Both are THE ultimate source of power for their respective worlds. Taxes are what gives governments their power. Debt is what gives banks and the financial system its power. It has no other. The power to tax your future work […]

Read full story Comments { 137 }

Buckle up – Credit Crunch 2

I am sorry this is such a lengthy article. But I offer it as an explanation and understanding of what is going on that the bankers DO NOT want you to have.   I think it may now be time to buckle up and read that little card that tells you how to assume the […]

Read full story Comments { 194 }

WhistleblowerIRL revealed.

For those who might like to know. Whistleblower IRL has finally told his story – or part of it at least – to the television. ABC television of Australia to be precise. UniCredit’s lawyers will be furious as will some in the Irish ruling class. It’s been a very long and painful road for WhistleblowerIRL. […]

Read full story Comments { 30 }

Risk – tricky stuff.

Risk – it’s a tricky concept. And becomes even trickier when bankers start to play with it and not only put numbers on it, but then try to buy and sell it. Modern banking is all about risk and its management. Yet despite paying themselves a fortune and extolling their own skills as risk managers, […]

Read full story Comments { 57 }

Thoughts upon this Remembrance Sunday.

Would someone like to tell me what the difference is between the military ‘stepping in for the good of the country’ and the bankers doing so? Don’t the generals always say it is a temporary emergency measure designed to restore order? Isn’t there usually some sort of window dressing, ‘government of national unity’ which forms […]

Read full story Comments { 87 }

Guest Post – Jenny Gkiougki – Anger and Injustice in Greece.

This piece was sent to me, as it was sent to others, by Jenny Gkiougki, who has been deeply involved in the Greek protests and politics of resistance. I have not edited her piece at all, only the title is mine. I have enever met Jenny but have corresponded with her. To the best of […]

Read full story Comments { 50 }

Videos of recent Irish talk and TV appearance

Just in case you want to see some of what I got up to in Ireland. Below is the link to the Vincent Browne show where I had a small run in with the Irish Minister, Brian Hayes.  If it comes up with a choice of dates I was on Oct 20th.  There is a […]

Read full story Comments { 92 }