When you know a thing to be wrong, at what point do you decide to act?
Twenty three years ago Jonathan May took steps to provide to the world an honest and transparent World Reserve. The aim was to provide a system of global finance that would remove the corrosive influence of the Federal Reserve. [...]
Capital Partnerships:
A Debt Free Solution to the Property Crash
Now there are times, this most definitely being one of them, when one can get a little down in the mouth as it were about banks and money and credit and whatnot. What to do, what to do.
That the banking system has been designed by half-wits is [...]
First published in the British humour magazine “Punch” on April 3, 1957, the following neatly encapsulates the tone of the cheeky madness that is our monetary and banking system. Of course, customers do in essence lend money to banks by depositing it there, but it is not true that banks do likewise. The money that [...]
I’ve been wittering on about INTEREST for what now seems like several months. After discussing this issue with Scott and some other luminaries (see podcast in previous post), I had cause to write a comment or two which I now place below. May you find it … interesting.
Apparently there’s a bit of a stink on Wall Street these days. Someone’s misplaced $700 billion (and the rest) and is in need of borrowing a bit to tide them over ’til next week. Any takers?
The Senate is pretty keen. So too, according to the paid for puppet advocates in the media, will be the [...]
If you had purchased £1000 of Northern Rock shares one year ago it would now be worth £4.95.
With HBOS, earlier this week your £1000 would have been worth £16.50
£1000 invested in XL Leisure would now be worth less than £5.
But if you bought £1000 worth of Stella Artois Lager one year ago, drank it all, [...]
Bankruptcy is one of the world’s fastest growing hobbies. All across Europe, the UK and America, more and more people are getting involved in this absorbing pastime. If you’ve looked into going bankrupt there are a few things you’ll need. Some unrepayable debts generally come in handy as do a host [...]
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 Dec 17
Michael Hoffman's cogent analysis of the Bernie Madoff affair. |
 Dec
15 Bernie Madoff, ex
head of Nasdaq, pulls off ponzi scam. Not. |