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, [...]

Debt, Credit and Equity

These are ominous words behind which to hide stark realities, above all, of control. Debt and Credit are controlled by banks, equity is controlled by shareholders. Together, they form “institutions” that live longer than their people. They have mission statements, while we, the taxpayers, may be looking for a purpose in our lives. Money used [...]

Overlooked solution to credit crunch

This article appeared in The Australian – Online Newspaper of the Year as a remarkable comparison of household and corporate debts.