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 …
“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 …
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 …
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 …
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 …
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 …
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 …
“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 …
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.
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 …
