banks – The Rainbow Blog

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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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 …

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Government Loans

Bill Kruse — Mon, 07 Jun 2010 20:14:57 +0000

I’m watching David ‘Dave’ Cameron live on TV at this moment, earnestly (and quite rightly) explaining how the interest we pay on loans to the government are overwhelming us. True enough, and the subject deserves an airing. However, I note he isn’t pointing out that much of the National Debt is to banks, banks who …

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The ‘real’ elephant in the room is…

Bill Kruse — Mon, 14 Sep 2009 20:23:14 +0000

I was just watching the Jeff Randall show on Sky, on the subject of new post-crisis bank regulations one of the guest suits opined that the real elephant in the room, the aspect no-one was discussing, was the Glass-Steagall Act. This was passed after the last depression – way back – and essentially determined the …

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