The financial system established in England after 1688, based on usurious lending to the state by private bankers, is reaching its final blowout in the form of a series of devastating bubbles and a massive bailout of the financiers with public money. But the issuance of money doesn’t have to be in the hands of a private consortium: another credit system is possible.
Posted by seumasach on January 19, 2014
British exit from EU may scare off foreign investors, admits Vince Cable
18th January, 2014
Vince Cable has admitted that the government is battling to reassure foreign investors who are increasingly worried about a potential British exit from the European Union.
Posted in UK economy | Tagged: Britain into Europe-Europe out of NATO | Leave a Comment »
Posted by seumasach on December 12, 2013
“Shareholders and bondholders would be first in line, with savers last in the queue, while tapping public money to prevent a bank collapse would only be done as a last resort.”
This is an important step towards ending the hegemony of finance capital in Europe.
12th December, 2013
BRUSSELS – MEPs and ministers have agreed new rules to rescue insolvent banks that would target bondholders not savers, following the final round of talks in Strasbourg.
Posted in Battle for Europe, Financial crisis | Tagged: bailout industry not finance, no more bailouts-put banks into receivership, no more bombing!-no more bailouts! | Leave a Comment »
Posted by seumasach on December 3, 2013
Li said Britain and China were indispensable and equal partners, noting the prime minister’s recent approach to Beijing by acknowledging the territorial integrity of China – diplomatic code for accepting Beijing’s rule over Tibet.
Li said: “We have become indispensable partners for each other’s development. China and the UK must treat each other as equals.”
From Guardian, 2nd December, 2013
Posted in Multipolar world, UK economy | Tagged: UK-China strategic partnership | Leave a Comment »
Posted by seumasach on December 3, 2013
“We think we have a lot to learn from China because of the success of your high-speed rail. I said to your president and prime minister yesterday that just as we welcome Chinese investment into nuclear power, into other infrastructure so there will be very open competition to provide the infrastructure for our network. We will welcome Chinese investment into that.”
3rd December, 2013
UK would welcome Chinese investment in HS2, says David Cameron
David Cameron has told the Chinese leadership that he would welcome investment by Beijing in Britain’s high-speed rail network.
Posted in Multipolar world, UK economy | Tagged: UK-China strategic partnership | Leave a Comment »
Posted by seumasach on November 30, 2013
Posted in Financial crisis | Tagged: dollar collapse, End of empire, Global Currency Reset(GCR), new financial architecture, new financier | 1 Comment »
Posted by seumasach on November 24, 2013
21st November, 2013
The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
Posted in Financial crisis | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on November 22, 2013
20th November, 2013
Britain faces a timebomb as the cost of living crisis forces more people into crippling debt they will not be able to repay, according to a major study published today.
Posted in UK economy | Leave a Comment »
Posted by seumasach on November 17, 2013
15th November, 2013
A woman from Glasgow has become the first in Scotland to be evicted due to the Bedroom Tax after falling behind with her rent.
Posted in UK economy | Tagged: bedroom tax | Leave a Comment »
Posted by seumasach on November 5, 2013
Posted in Currency Wars, Financial crisis | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, new financial architecture | Leave a Comment »
Posted by seumasach on October 14, 2013
13th October, 2013
BEIJING, Oct. 13 (Xinhua) — As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.
Posted in Financial crisis, Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on October 13, 2013
America’s biggest banks are now in a position to go bust without state intervention, the Bank of England’s deputy governor declares
12th October, 2013
The deputy governor of the Bank of England has declared an end to the era of taxpayer bail-outs for the world’s giant lenders.
Posted in Financial crisis | Tagged: bankrupt Britain, End of empire, failing banks, no more bailouts-put banks into receivership, no more bombing!-no more bailouts! | Leave a Comment »
In These New Times 