Debunking Economics

Debunking Economics: the naked emperor of the social sciences by Associate Professor Steve Keen explains to non-economists why conventional economic theory–known as “Neoclassical Economics”–is fundamentally flawed. This should come as no surprise, as the world wallows in the deepest financial crisis it has experienced, but it has been hidden from public view to date by the [...]

The Fed plans monetary inflation

This article is excellent as it makes the distinction between price inflation and monetary inflation. And it reveals the true colours and intentions of the Fed. I found it on this premier political community blog saying that apparently the Bank of England is taking its cue from the Fed. What else is new?…

Davos in 4 points

Arianna Huffington sums up the answers to the Davos questions “What went wrong?” and “how did we miss the signals?”  as follows: 1) Too much faith in the free market. 2) Too much faith in economic models. 3) Too little transparency. 4) No moral compass.

The Global Financial Crisis

Michel Chossudovsky, Professor of Economics and Director of the most impressive Centre for Research on Globalization on a 78-minute video: The Great Depression of the 21st Century Causes and consequences of the financial meltdown; The speculative onslaught; Financial fraud and the “bank bailouts”; Bankruptcy of the real economy; Impacts on employment, wages and social services; Towards [...]

George Soros on Bailing out Banks

This article in the FT on Jan 22 points out the cornerstones that define the essence of corporate power: equity and money as control. The question is who is in control: of issuing money, toxic assets, good and bad banks. The former US Treasury secretary Hank Paulson’s proposal was supposedly similar to the current one, [...]

“Quantitative easing” to camouflage “printing credit”

This news item in the Telegraph about the Bank of England is worrying, if one is concerned about the cash : credit ratio in the money supply. The title is Bank of England to buy bonds and loans in first step towards quantitative easing. Please note what I wrote about quantitative easing in Wikipedia and [...]

The Banking Crisis before the Treasury Committee

Our submission is one of 69 memoranda that the Committee and its clerks are processing. After the deadline, another nine documents were compiled into a third document. They are compiled in two documents of written evidence that can be downloaded here. However, these volumes of submissions are not yet an approved final record of the [...]

Money, Banking and the Federal Reserve

The 42-minute video used to be on the front page of End the Fed is an excellent history of the US system. It has been produced by the Mises Institute which is known for advocating the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive. [...]

Bank of England by far the most secretive major central bank

This article in the Telegraph on January 12, 2008 highlights the fact that the Bank of England is NOT the public institution working for the benefit of the nation as it is believed to be. The article is entitled Reform plan raises fears of Bank secrecy. What irritates me most, is the use of misleading [...]

Economic 9/11 – by Max Keiser

Max Keiser is a journalist and broadcaster who calls a spade a spade. And thus he talks about an economic or financial 9/11. His website has LOTS of references and comments, rather than the kind of explanations that monetary reformers like to distribute.