Treading water – The Rainbow Blog

No Reserve Banking

Bill Kruse — Mon, 28 Jun 2010 06:23:44 +0000

It’s suggested that the banks have had a stern warning from the Toronto G20. I say that’s nonsense. What would really upset the banks is the re-introduction of narrow banking, and I see no signs of that, or genuine competition like encouragement of public bank ownership and I see no signs of that either. I think that …

Continue reading "No Reserve Banking"

The Chancellors’ Debate

Bill Kruse — Tue, 30 Mar 2010 04:25:06 +0000

Ho hum. I didn’t hear a word about creating an alternative money supply, one where the government exercises its prerogative to create money debt-free and distribute it appropriately to business as it’s needed. I didn’t hear anything about ending the three-hundred-year tyranny of the banking orders. All I can gather is that we’re going to …

Continue reading "The Chancellors’ Debate"

The Budget At The End Of The Universe

Bill Kruse — Wed, 24 Mar 2010 16:19:29 +0000

Budget day but I’m not at all excited. We don’t need a budget to do this or to do that, we need something now that’s utterly beyond the scope of any budget. The environment in which any kind of budget would make a perceivable difference is gone now. No-one seems to be addressing this, probably …

Continue reading "The Budget At The End Of The Universe"

Obama Declares War On My Arse

Bill Kruse — Sat, 23 Jan 2010 06:50:35 +0000

President Obama Declares War On The Banks, bawls one headline, presumably missing the days when it could stand urchin-like on street corners exhorting passers by to “Readallaboutdit” inbetween sniffs. President Obama, it seems, proposes to reinstate key elements of the Glass Steagall Act to restrain the banks, causing many to think that – at last! – …

Continue reading "Obama Declares War On My Arse"

Throwing Moodys

Bill Kruse — Wed, 09 Dec 2009 19:03:08 +0000

Why are we bothered one way or the other that rating agency Moodys are suggesting Britain might lose its credit AAA rating? Moodys has been thoroughly discredited in recent times as it repeatedly gave AAA ratings to what turned out to be sub-prime rubbish. I understand it only exists courtesy of the big banks, who …

Continue reading "Throwing Moodys"

Brownian Motions

Bill Kruse — Sun, 08 Nov 2009 11:28:48 +0000

I see Gordon Brown has proposed something similar to the transaction tax that’s been recently floated by Turner, this at the G20. It was promptly said no to by Tim Giethner for the Americans. This is just political posturing by Brown, I reckon he’s aware he can propose that the banks be hung drawn and …

Continue reading "Brownian Motions"

An Expanding Monetary Base & Inflation…

Bill Kruse — Fri, 23 Oct 2009 03:55:00 +0000

don’t always follow each other. I know it used to be that way but these are times without precedent. People keep talking about in recession (booooo!) or out of recession (yaaaay!) as if they’re bad or good things but really nowadays they’re irrelevant things. It’s as if money has taken a life of its own, …

Continue reading "An Expanding Monetary Base & Inflation…"

Load of Balls

Bill Kruse — Mon, 21 Sep 2009 18:05:56 +0000

Education Secretary Ed Balls suggests he’ll be making significant savings by combining schools into some kind of federation meaning he’ll be able to sack any number of heads and deputy heads. How is this saving money? All those heads and deputy heads won’t be working and contributing to the economy any more. Instead in all …

Continue reading "Load of Balls"