Debt: the First 5000 Years – a new book about an old problem

From David Graeber, the author: ============= Hello, friendly strangers, I’m delighted to announce my new book…. ——————————————— DEBT: THE FIRST 5000 YEARS ——————————————— is finally, finally out! http://www.amazon.co.uk/Debt-First-5-000-Years/dp/1933633867 This is a work of scholarship, and politically engaged, but it’s also an attempt to break out of the usual academic and activist ghettoes, and I wrote [...]

Mervyn King’s view on ‘the new politics’

This blog entry by Channel 4 economics editor Faisal Islam indicates how the Bank of England pulls the real financial strings behind the political scene and how the City of London runs Westminster and thus the country, not to say the world. If only it was common knowledge that 1. the first national debt was [...]

“Slaves to Debt” in “The International”

Last night I watched a main stream action film starring Clive Owen called ‘The International’ – http://en.wikipedia.org/wiki/The_International_(film). Wikipedia summarises the plot well: “Interpol agent Louis Salinger (Clive Owen) and Manhattan Assistant District Attorney Eleanor Whitman (Naomi Watts) are determined to bring to justice one of the world’s most powerful banks, the International Bank of Business [...]

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, [...]

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.

Wikipedia and the CIA

This article by Dr. Les Sachs left me speechless. Let me know what it does to your mind and soul! It is unfortunately rather verbose, but it does say a lot about Wikipedia. My writing elbows have been slapped once before by anonymous Wikipedia editors. Now I think I understand why. Here’s a related article [...]

My article on “Quantitative easing” on BlogCritics

My first article has been published on the BlogCritics magazine under Politics. Describing themselves as a “sinister cabal of superior writers”, they use a sophisticated publishing platform and count on more than 100,000 visitors daily and more than 2,500 writers. BlogCritics was established in 2002 and is clearly a beacon in the Blogosphere, amplifying what [...]

Quantitative easing on Wikipedia

Here’s what I added to the definition of quantitative easing as a ‘monetary tool’: “Quantitative easing can also be called a misleading term. For to equal ‘ease’ with ‘increase’ is inaccurate on linguistic and mathematical levels. What is furthermore misleading, is the assumption that the money supply is only provided by central banks – as [...]