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 …
In part one of this series I suggested that the simple reason we were bailing out the banks and simultaneously cutting public spending was because, If the banks were to be wound up it is their [the wealthiest 10%’s] credit/debt backed ‘money and the assets held in it, which would burn to ash….So the simple reason our …
Why are we bailing out the banks? – Part Four – What happens now? Read More »
What have Mark to Market accounting rules got to do with English forests and Fire sales? Officially? Nothing whatsoever. In my opinion? Everything. But it requires reminding ourselves how we got to where we are now. Back in 2008 the big banks were in fear for their lives, weighed down as they were with hundreds of billions in …
