Posts Tagged 'Mark Carney'

Ellen Brown – The Italian Banking Crisis: No Free Lunch – Or Is There?

It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored.

On December 4, 2016, Italian voters rejected a referendum to amend their constitution to give the government more power, and the Italian prime minister resigned. The resulting chaos has pushed Italy’s already-troubled banks into bankruptcy. First on ...

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To Hell with Neoliberal Environmentalism

I was poised to write a piece on the linkage between present-day veneration of duplicitous political elites and the crisis of national identity when I found the following op-ed in the Guardian:

How to make a profit from defeating climate change

It is subtitled “Given the right information, investors will deliver the best climate solutions” and co-written by Michael Bloomberg and Mark Carney, two of the most powerful persons in the world today. The former is the sixth-richest man in ...

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Vandana Shiva – People’s Economies vs Corporate Control: First Commodification, Then Financialization, Now Demonetization

Ever since the Corporate Form was “invented” – in its earliest avatar as the collective East India Companies – those who have ruled via corporation have found innovative “means” new to extract wealth from the earth and people, leaving both poorer in a zero-sum “game”.

During The Raj – Company Raj – extraction was carried out through Lagaan – taxation on land & agriculture. Between 1765 to 1815,the Company is recorded to have pirated £ 18 Million annually from India. 50 ...

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CLIF DROKE – Why the US Benefits From Global Financial Crisis

Let’s turn our attention to the global economy. Last week the Bank of England said it would buy 60 billion pounds of government debt in order to cushion the economy against the impact of the recent Brexit vote. England and the European Union are emulating the quantitative easing (QE) policies of the US Federal Reserve but so far without any measurable success.

Meanwhile, the Bank of Japan (BoJ) has begun a massive stimulus program which may already be having an effect ...

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Graham VanBergen – Financial Meltdown and the Confiscation of Bank Savings: The UK-EU Bank Depositor “Bail-In” Scheme

Shares and stocks are tumbling around the world, with investors worried that the next global crisis has already begun. There is considerable uncertainty and nervousness amongst economists and trend forecasters. Government’s sooth jittery markets with misinformation in the hope that confidence does not evaporate and their legitimacy with it.

If another crisis gets underway – do you think that the money ...

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Bank of England Issues Warning Over Looming ‘Carbon Bubble’ Threat

The Bank of England, one of the oldest banks in the world, has joined the growing ranks of those warning of the

financial risk posed by a “carbon bubble,” which will occur

if urgently needed climate change regulations render coal, oil, and gas assets worthless.

“One live risk right now is of insurers investing in assets that could be left ‘stranded’ by policy changes which limit the use of fossil fuels,” Bank of England official Paul Fisher  Continue Reading →

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