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.
EU Rulers Ban Democracy in Greece, Italy & Spain
The Italians have endured over 16 years of zero economic growth and youth unemployment around 27% or more, without much hope in sight. Their debt is US$4 trillion dollars and growing – an amount that they will never be able to repay. The people have finally had enough and are demanding change. But is that enough?
Grenfell: woven into the fabric of the UK
When it comes to housing, politicians don’t have a genuine desire to improve the quality of life for ordinary people but help sustain the fractional reserve banking racket and to perpetuate asset bubbles.
What the Ken Livingstone resignation is really all about
It is a sad indictment on modern politics that the long-standing socialist, Ken Livingstone who fought most of his political life fighting racism has, at the time of writing, been hung out to dry by a political party he had been a member of for decades.
RBS- Do the right thing – Give me a bucket
GRG was advertised as a life support unit for struggling businesses. In reality, it was an abattoir. On the 30th of October McEwen said that the turnaround obligations inferred or implied by GRG do not in fact exist.
Killing them softly
The social pressures for young women (and increasingly young men) to conform to certain expectations placed upon them by the media are immense. The upshot is that women today are involved in a constant psychological battle between myth and reality.