Dying for Brexit
The latest manifestation of the looming Brexit disaster is the revelation that citizens will be invited to stock-pile food.
The Big Four and the revolving door
Finance should be a servant, but never a master. So when accountants and auditors become the story because of systemic failures and corporate malfeasance you know something has gone badly wrong. As big accountancy firms are increasingly embroiled in corporate scandals, how do we clearly define their role so they actually serve society instead of continually maximising profit for private and personal gain?
The case against income tax
Last week, the Australian House of Representatives accidentally brought a bill abolishing income tax from the 1st of July 2024, and though it is unlikely to pass, it might be the single smartest decision it has ever stumbled upon. After all, income tax was only ever meant to be a temporary measure. But what if we got rid of income tax altogether?
The global economy: What lies beneath
Ten years after the great financial crisis, markets are again booming, but as are levels of debt and leverage. Is this a cause for concern or have policymakers fixed the fundamentals? Has complacency lead investors to take on greater risks or have they learnt the lessons of 2008? Is Brexit a blip as the Eurozone is actually in rude health? Or are the fault lines increasingly clear but papered over? As volatility returns to markets. We ask: what lies beneath the global economy? Joining us to work out what is really going on in the markets and the wider global economy, is investor, hedge fund manager and author of Planet Ponzi, Mitch Feierstein.
Is the existing banking system coming to an end?
If the Swiss referendum result is ‘yes’, sovereign money initiative comes to fruition. Swiss banks will no longer be able to create money for themselves, rather they will only be allowed to lend money that they have accumulated from savers or other banks. We look at what this means…
Grasping the Nettle – It’s now or never for auditors
Every time a corporate reporting clanger is dropped and auditors of a public company are mired in yet another scandal, the Financial Reporting Council responds by undertaking to investigate the accounts and audit of the plc in question. What’s really going on?
Why a federal surplus will cost you money
People have been led to believe, wrongly, that their personal financial circumstances will improve when the federal budget is in surplus but the opposite is true. A federal surplus occurs when the government taxes more than it spends, (and what the hell point is that?). The net result is billions of dollars being sucked out of the economy.
Globalisation 2.0 & the Rise of the East
The West has dominated globalisation to date, but that balance of power is shifting and it’s happening much faster than Western leaders are willing to accept, as new countries demand a seat at the table. The global pecking order is rebalancing to get a broader view on the risks and opportunities in this new global economy. We traveled to Southeast Asia to meet former World Bank economist, Dr Kirida Bhaopichitr. We began by talking about the unstoppable rise of the East, the problem with protectionism in the West, and the inevitability of a multipolar world.