Category Archives: Finance

BIFURCATED BRITAIN.

The death and funeral arrangements for Margaret Thatcher have vividly revealed the two great class divisions within the dis-United Kingdom of Britain. There are those for Thatcher and those against. And the bizarre spectacle of austerity Britain (for workers and … Continue reading

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DAYLIGHT ROBBERY IN CYPRUS.

Cyprus Bank Robbery – an inside job! It used to be that large-scale bank robberies were committed by the organised criminal underground, breaking into banks, holding the bank staff at gunpoint and stealing as much cash as they could stuff … Continue reading

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AUSTERITY: IT’S ANOTHER WORD FOR WAR.

1) The attack is already under way. Globally, the troops have been prepared, the weapons sharpened, the strategic headquarters of capitalism have been readied, the national command centres have been briefed and the local field marshals are on the alert. … Continue reading

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SNAKE-OIL REMEDIES FOR CAPITALISM.

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 na├»ve citizens claiming it had … Continue reading

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BONDS AND BUBBLES.

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.

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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WHAT TRIGGERED THE CRISIS?

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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BANKERS AND THEIR BUDDIES!

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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