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Archive | June, 2013

Secrets and Lies

Every credit has its debit, every positive its negative. So for every secret there must be a lie, and every lie must be kept secret. This is the currency of power today. Fiat truth. We are not allowed to have any secrets any more.  And yet those who insist they must know the truth about […]

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ETFs a warning.

Some time ago (May 2012) I wrote two articles about ETFs suggesting they were The Next Accident Waiting to Happen. In that first part I described how they work and who owns and runs them. My argument was that, I think the signs are already there to suggest ETFs are where the instability and risk […]

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The Head of the FED – who will it be?

The head of the U.S. FED is one of the most powerful jobs in the world. The current head, Ben Bernanke,  is stepping down,  Who will be next? The financial world, led by America’s big banks will want to be sure whoever it is ‘understands’ their needs. Even before the nomination proceedure gets underway we […]

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Myths of Creating Money

HEALTH WARNING – this is a discursive article – another ramble. Nothing I have written here is new. All I want to point out is that money and its creation, and finance in general, do not come ‘after’ or outside of ideology and political tribalism – as a more level headed and technocratic alternative. Money, its […]

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Modernising Money – A review

“Modernising Money” by Jackson and Dyson, who are founder members of Positive Money is an analysis and also a call to action. It is well written, very clear and largely free of useless jargon. In short it is a book worth reading. What I particularly like about “Modernizing Money” is that it seems to me […]

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