money supply – The Rainbow Blog

Economic Dynamism and My Arse

Bill Kruse — Tue, 02 Nov 2010 10:35:11 +0000

What happened was the multi-millionaire David Cameron walked into a room full of frustrated businessmen, talked a lot of old flannel and walked out again. He’s still a multi-millionaire and they’re still frustrated businessmen. What he didn’t say was the one thing they needed to hear, “Here’s the money”. All that happened was the status quo …

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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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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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Myners Gets The Bird

Bill Kruse — Wed, 09 Jun 2010 13:31:54 +0000

Here’s former financial services minister Paul Myners in the house recently, attacking the government of which he was a part; “There is nothing progressive about a government that consistently spends more than it can raise in taxation…” he says and goes on to criticise Labour’s economic policies as “flawed economic thinking”. Um. Would consistently spending …

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Scam civilisation

Bill Kruse — Tue, 22 Sep 2009 04:51:54 +0000

This from Tacitus, Roman historian, on the Britons after being conquered,”All this in their ignorance, they called civilization, when it was but a part of their servitude.” The early Britons thought they had their own civilisation but really it was just a scam run by the Romans. The Romans had the monopoly on the money …

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