For US substitute UK .. the financial sector is not bound by national borders. The Rich Get Richer Explained Published on Oct 10, 2012 An explanation of the growing disparity between the poor and the rich in America. by Omid Malekan … Continue reading
Ambrose Evans-Pritchard writes in ‘IMF’s epic plan to conjure away debt and dethrone bankers’ One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly … Continue reading
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RichardJMurphy “@AnnPettifor: Extraordinary how a private banking crisis became a welfare state crisis – with just the swish of an ideological wand… On a day when previously supporting economists urged George Osborne to change tack (1) we learnt that many … Continue reading
Simon (Jenkins) says ‘QE is the biggest confidence trick of all time’: ‘It is a cheat, a scam, a fiddle, a bankers’ ramp, a revenge of big money against an ungrateful world. It is called quantitative easing, and nobody has … Continue reading