Below you'll find a list of all posts that have been tagged as “Bank of England”
In the first episode we showed how the US became an unsustainable service sector based economy from the 1970s onward when service sector employment diverged from manufacturing without a corresponding boost in productivity. In the second episode we laid out the consequences that transition has had on labour in terms of lower wages and benefits. In addition, we reiterated our argument that monetary policy …
The conventional wisdom is that no other currency in the world can support the global bond market save the US$ Toilet Paper Money. Therefore, we cannot do without the US$ toilet paper money! The so-called experts in economics, including the Nobel Laureates are always reciting the mantra of the global central banks led by the FED and the Bank of …
The headline economic numbers are far better now than in 2008-2009. The unemployment rate, the GDP, the national deficit, the stock market, etc. have all improved. Yet many of us can’t shake the feeling that things are still stuck in 2008. Well, you aren’t crazy. Many areas of the economy have never recovered from the 2008, and some are even …
Remember when the Department of Homeland Security was issuing those color-coded terrorist alerts? Well, they don’t do that anymore. They’re back to using plain ole black-and-white words to describe threats. Apparently, however, the U.S. Treasury’s Office of Financial Research (OFR) thought it was such a cool idea that they’ve started color-coding threats to our financial security from the denizens on Wall …
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. …
The United States war mongering, supported by Israel, are responsible for all these displacements of peoples; you can take that to the Bank. Please! why does everyone refuse to see the wood in the trees? There is one, and only one, cause of all our economic woes. During the early 1900’s our stupid/corrupt politicians signed away our Sovereign “rights” , …
While corporate watchdogs hailed the record $2.5 billion settlement paid by Deutsche Bank to U.S. and U.K. authorities for its rate-rigging role in the massive LIBOR scandal, some noted that the fine—while large—suggests that some institutions are still considered “too big to jail.” Authorities announced Thursday that Germany’s biggest bank would pay $2.5 billion in penalties, a record for cases involving interest …
The following is an excerpt from TOWER OF BASEL: The Shadowy History of the Secret Bank that Runs the World by Adam LeBor. Reprinted with permission from PublicAffairs. The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the …
It wouldn’t be a first, but it would certainly be a – bigger – shock. That is to say, the Bank of England hijacked the head of Canada’s central bank some time ago, but, while unexpected enough, that would pale in comparison to the US hiring the present Governor of the Russian central bank, Elvira Sakhipzadovna Nabiullina. It would still …
The battle between the ‘haves’ and ‘have-nots’ of global financial policy is escalating to the point where the ‘haves’ might start to sweat – a tiny little. This phase of heightened volatility in the markets is a harbinger of the inevitable meltdown that will follow the grand plastering-over of a systemically fraudulent global financial system. It’s like a sputtering gas …
