Share |

Articles in "Economy"

For years now, I have been arguing in articles and on the UK Column News programme that the western financial system is terminally bankrupt. I am far from alone in that assessment, despite claims from politicians and so-called mainstream economic commentators that “no-one saw it coming”. Not only did I and many others see it coming, we now argue that what happened in 2008 was not the main event.

The 19th March is Budget Day, and we will be gathering in London to promote the Bradbury Pound. Our purpose will not be to protest, but to educate - the public, mainstream journalists, the police and any MPs or Lords brave enough to come and speak to us. So, what is the Bradbury Pound all about? Read on ...

Today the Financial Services (Banking Reform) Bill was given Royal Assent, formalising it as an Act of Parliament.

Yesterday the national grid released a document called "National Grid – Our Role In The Electricity Industry". In it they argued that in the near future they would be unable to properly fulfil their role to balance the supply of electricity across the grid, and that large consumers, such as shops and factories, should be asked to reduce their energy consumption during peak times.

Last Monday, our Malcolm Massey, Neil Foster and Mark Anderson took a post-Bilderberg walk around the Grove Hotel to see what they could see. What they found was a meeting room with a Thomson Reuters display panel. 

The UK Charity Commission has released charity income and expenditure figures up to the end of Q1 2013. The figures show that income rose to £59.9 billion in the year to the end of March, up from £59.48 billion three months previously.

Yesterday evening, Jon Snow tweeted "Stock Market hits a high not seen since 1999 ... do I hear alarm bells ringing ... or just the one for close of business." 

If alarm bells are not ringing, they should be.

Last week the Bank for International Settlements and the IMF both warned about the insanity of continuing the practice of Quantitative Easing.

The newspapers are determined to enrage their readers with the shocking news of corporate tax avoidance. But what is behind the headlines?

On November 6, 2012 UK Column live Interviewed Watcyn Richards, a welsh farmer who had been defrauded of nearly £200,000 by Barclays bank by way of fraudulently copying his wife's signature. Following this interview, Guy Taylor, a landlord in Hereford, contacted us after Barclays had tried a similar stunt with him, this time for more than £900,000.

Japan has unveiled the prototype of a new Maglev train, capable of speeds up to 311 mph. In the meantime, over a week has passed since the latest floods, and British trains are still not running in the South West.

In an interview with Jon Snow on this evening's Channel 4 News, Lord Myners called for full Glass Steagall legislation to deal with the corruption of the banks, a policy I have been demanding for years.

Despite the euphoric reaction of the BBC as the results of the Greek election became clear, nothing changed in Europe this morning.

There is one question which will have system-serving politicians and economists running for cover:  why can’t the British government through its Treasury issue  interest free money based upon the common wealth and integrity of this country - worth trillions?

JP Morgan executive Ina Drew has taken the fall for last week's $2 billion loss at the investment bank. He has been replaced by Matt Zames, previously a trader at LTCM.

The effects of the collapse in the real economy globally are being felt in China. Nevertheless they continue to invest in science and infrastructure, the two key requirements for future growth.

Last Friday, Hungarian Prime Minister Viktor Orban has attacked the European Union and the IMF for imposing political conditions on an EU-IMF loan desperately needed.

The Euro crisis continues to build as the European debt bubble becomes ever more fragile. While most of the media focus has been on Greece, Spain has been building its status as the next big collapse.

While Moritz Kraemer, head of sovereign ratings at Standard & Poor believes Greece will have to restructure its debt once more, the ECB calls for more regime change.

Numerous sources, both mainstream and alternative, are reporting of a convergence of events in March that point to a massive break point in the ongoing financial collapse.

In a landmark ruling in Hania, Crete, a Greek judge has wiped out the debt owed to banks by a full time employed civil servant.

As another EU summit ends with no solution to the Euro crisis, David Cameron surprised no-one by dropping his pledge to stop the eurozone from using the European courts to uphold its new fiscal pact outside the EU treaties.

European finance ministers will meet today to finalise the terms for Greek debt restructuring.

Who is promoting the introduction of a financial transactions tax, and, for what purpose will any collected revenue be applied?