Category Archives: Economics

SNAKE-OIL REMEDIES FOR CAPITALISM.

Posted on October 18, 2012 by stutteringsteps

Quack doctors selling snake-oil and other supposedly effective remedies were popularised in US Cowboy adventures on the silver screen when I was a youngster. They rolled into town and offered bottles of the stuff to naïve citizens claiming it had … Continue reading →

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BONDS AND BUBBLES.

Posted on October 5, 2012 by stutteringsteps

Bonds. Bonds are pieces of paper which are offered to the financial sector for investment purposes by two types of institution. First is the private company who, if they cannot or do not want to raise money in any other … Continue reading →

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Q3: BAILOUTS AND BANKS.

Posted on September 27, 2012 by stutteringsteps

Bailouts. The recent announcement of Q3 (further Quantitive Easing), by Ben Bernanke of the US Federal Reserve, indicated that at least his part of the US establishment saw the solution in the same way. They think sorting out the current … Continue reading →

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SPRING TURNS TO AUTUMN.

Posted on September 15, 2012 by stutteringsteps

Can it really be surprising that the Arab Spring has turned into an Anti-west Autumn? Are the recent violent attacks on US and European Embassies and their staff, along with assorted western commercial targets, really something that was provoked by … Continue reading →

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WHAT TRIGGERED THE CRISIS?

Posted on September 10, 2012 by stutteringsteps

It is generally recognised that there is an ongoing economic crisis taking place within the 21st century capitalist system. However, its causes and what has triggered it – which are not necessarily the same – are the subject of considerable … Continue reading →

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“PROTECTING THE DREAM!”

Posted on August 31, 2012 by stutteringsteps

Mitt Romney uttered the above three words at the recent Republican Convention in the USA. The race for the Presidency is now officially on and every negative tactic that billions of dollars can buy will be used by both sides … Continue reading →

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WHOSE UNDER THE FISCAL CLIFF?

Posted on August 15, 2012 by stutteringsteps

Over the last few months the term ‘Fiscal Cliff’ has become increasingly popular in political as well as financial discourse. The term originated in the US, to refer to a series of impending tax increases and government spending cuts which … Continue reading →

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THE FIVE-FOLD CRISIS OF CAPITALISM.

Posted on July 23, 2012 by stutteringsteps

It should be obvious to anyone not completely in denial, that 21st century capitalism is currently mired in the most severe problems for over 80 years. This particular crisis is quite evidently a multiple one. It comprises of economic, financial, … Continue reading →

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ITS OFFICIAL! CAPITALISM IS BANKRUPT.

Posted on July 13, 2012 by stutteringsteps

The announcement this week (July 9 – 14th) that the state of California has filed for bankruptcy demonstrates one clear example of what should be increasingly obvious to everyone. It is that the system of capitalism is bankrupt. Every advanced … Continue reading →

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BANKERS AND THEIR BUDDIES!

Posted on July 6, 2012 by stutteringsteps

The latest revelations concerning the deceitful manipulation of the inter-bank (Libor) interest rates and the miss-selling of onerous interest-hedging policies to small businesses, comes in the wake of a list of other dodgy practices by Barclays International Bank. But aggressive … Continue reading →

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