Over the last couple of days my Facebook page has been plastered with posts and comments about Russell Brand’s interview with Jeremy Paxman, which has left me a bit perplexed because there was nothing remotely illuminating in Russell’s rant. His frustration with our dysfunctional political and economic systems is genuine and understandable but if he had…
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…
Here’s a video that gives a simple explanation of how money might work in an independent Scotland. Sadly the makers of the video fail to acknowledge the elephant in the room, a creature that’s going to make a mess of the carpet regardless of which of the three options we choose. All three choices in the video…
Take a few minutes to listen to Bruce Davis telling 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.
They just don’t get it, these “experts”. Here’s Adair Turner (former Director-General of the Confederation of British Industry, former Chairman of the UK Financial Services Authority, member of the Financial Policy Committee, part-time lecturer at the London School of Economics) explaining very clearly why debt is the main problem with the UK economy and then completely…
This article by Jeremy Warner in the Telegraph is disturbing on two counts. His erroneous argument is a distraction from what’s really wrong with our economy, and it has stirred up a foul nest of malcontents (see the comments below the article) who appear to blame immigrants for everything that’s wrong with our society. Jeremy…
Good article from Tom Streithorst in which he argues that the problem we now have is a lack of consumption due to a lack of money. He suggests this is because our industry has become very good at producing stuff with very little labour, which means money isn’t being distributed widely enough to allow people…
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.…
This article on the BBC News website tells us that the US Treasury expects to reach the “debt ceiling” sometime in October. The debt ceiling is an arbitrary amount of federal government borrowing that Congress has decided cannot be exceeded. It’s a bit like an overdraft limit for the nation. The limit has been imposed…
Rory Bremner’s One Question Quiz on Radio 4 this evening asked Where Did All The Money Go? Most of it was predictable comedy that skimmed the surface of our financial dysfunction, but they did tell us loud and clear that banks create most of our money when issuing loans, which was unexpectedly accurate. More disappointing…
Views From The Boatshed 