austerity measures – The Rainbow Blog

Osborne Bails Out Osborne

Bill Kruse — Mon, 22 Nov 2010 15:13:23 +0000

Chancellor George Osborne (who will eventually become an Irish Baronet, we should remember) today announced a bailout loan for the (basically insolvent) Irish banking system of around £7bn, this to come from the British taxpayer. He defends this as in our national interest because we export more to them than we do to several of …

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The Black Heart Of Banking

Bill Kruse — Sat, 21 Aug 2010 09:19:45 +0000

Banks don’t actually need any capital base at all, they can make money up from the thin air at will (setting aside the dictates of the BIS which is biased on the side of the banks) and gift it or loan it at .01% interest to deserving business and so promote the creation of wealth. …

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Greece Circles The Drain

Bill Kruse — Thu, 19 Aug 2010 07:32:41 +0000

Bad times behind and ahead for Greece and the rest of Europe too, us in the UK particularly. Predictably enough to everyone except politicians, apparently, the austerity neasures adopted first in Greece and then here in the UK have resulted not in Greece leaping like Prometheus unbound from the depths of the recession but finding …

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Missiles To Go!

Bill Kruse — Wed, 28 Apr 2010 18:17:58 +0000

Cruise missiles now come in handy boxes. They’re big boxes, mind, shipping-container-sized in fact (probably because they actually are shipping containers), but anyone with the wonga can now get a takeaway cruise missile and cart it around on your ship or your train or your lorry – and no-one will know. Scary, huh? Here’s the …

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