Two Cats Fighting Over A Dead Bird

For most of the last 30 years it looked like socialism had been soundly beaten by its old adversary, capitalism. From the mid 1980s when Margaret Thatcher’s second government defeated Britain’s striking coal miners, until around 2009 when the extent of the banking crisis had sunk in, free-market capitalism was the only game in town.…

Very encouraging to see Martin Wolf in the Financial Times talking seriously about full reserve banking. His┬áproposals for are a step in the right direction but are only part of the solution. They highlight a set of additional underlying problems that also need to be addressed. He takes no account of one of the main…

Here’s another video from Positive Money for those of you who have yet to catch on to the fact that our financial systems are dysfunctional by design. I know lots of people find this stuff dull but if we don’t change the ways that we use money then the financial crises will keep coming, one…

Those of you who suspect that our politicians (Salmond, Swinney, Cameron, Osborne, Miliband, Balls, etc.) are clueless when it comes to sorting out our economy please watch Ben Dyson explaining how our money system actually works. Then you’ll understand why no-one from left, right, centre, or independent Scotland will be able to save us from…

Scottish Independence: Do They Really Want To Know?

The Yes Scotland campaign website has a page, “Undecided – tell us why?”, where you can fill in a form with your reasons for not knowing which way you might vote at next year’s independence referendum. A week or so ago I sent them this message: Our financial system is designed in such a way…

Take a few minutes to listen to Bruce Davis┬átelling us about how to take control of our spare money. Don’t “save”, invest. You might not want to invest in the same stuff that he does but it shows us that things can change, are changing, in the money world.

Savers Should Stop Bleating And Start Investing

I feel sorry for people who have money tied up in poorly-performing financial products from which they can’t escape, but I have no patience with the likes of this lot – saveoursavers.co.uk – who seem to think that they have a God-given right to an income from money that’s lying idle in a bank account.…