What’s so dishonest about our money system?

Let me count the ways: Banks create Credit from thin air and dare to ‘sell’ it for ‘interest’, when they could provide an honest service. Governments borrow and pay interest and dare to charge us taxes, when they could issue interest-free Cash into the economy. “Credit” created by banks (and other financial institutions) from thin [...]

The best 3-minute video on the “creation of money” from thin air

Perfectly brilliant animated video: on a British site as “Plan B” for the British economy suggesting to cut bonuses and benefits to bankers.. Too much common sense!…

Why Spending Cuts are another variation of “institutionalised white collar crime”

Economist James K Galbraith gave a presentation to the Senate Judiciary Committee in which he speaks of “financial fraud” as the cause for the “crisis”. But that’s not enough: Central Bankers create “currency” as “public debt” from thin air, charge interest to the Government (in the UK as much as the military budget) and call [...]

Quantitative Easing: the BoE explains and I comment

Quantitative easing explained the American way on a 6-minute video. First, I contributed to quantitave easing on Wikipedia. Now, Ask the Deputy Governor offers the following 16 questions addressed to the Bank of England with their answers. Aware of the Bank of England Act 1694, I comment not as an economist, but from the perspective [...]

Quantitative easing for investors abroad

This article in the Independent is entitled “Bailout money is flowing abroad”. It illustrates how journalists don’t analyse deeply enough and how language has always been used by the bankers and central bankers to make it sound acceptable what they are doing. For the money that the Bank of England has been “printing” by “quantitative [...]

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 [...]

Inside the Bank of England

This book was published in 1987 and is quoted on this blog entry The Great Depression of 2009: Who is to Blame? It is an eye opener to everybody who tries to make sense of the schizophrenia we’re living in: sooo much bailout money available but not enough for health, environment, education, small businesses, home [...]