Central banks + banks + governments = same circus, different clowns!?…

Are enough people waking up to make a difference like this cartoonist? Click on the image to enlarge it. Central banks create “money” from thin air, call it quantitative easing, sell it as “public debts” or “treasury bonds” to get interest payments, and people are in awe of fancy papers and words they don’t understand. [...]

Send your Santa Letters to the Bankers. They can make Miracles happen, says Robin Hood…

Here’s my Santa Letter that I put here. Will you add yours? Dear Bank of England, For Christmas, it would REALLY be nice if ALL of your employees were invited to remember how you were created in 1694: the Bank of England Act foresaw a punishment for TRADING, to avoid the SUPPRESSION of Their Majesties’ [...]

The Chancellor’s promises to the City

This speech (an hommage to the City!) refers to sovereign debts, the budget deficit and the new government’s intention to restructure supervision and regulation. It means re-shuffling a few people, creating a few new Committees and generally more and more centralisation of power – away from the state – towards the “independent” Bank of England. [...]

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