Financial crisis?
It's a pyramid, stupid.

Before Sir Mervyn King made his comments in his recent Mansion House speech , on March 6th this year the US Attorney General, Eric Holder...

On the 19th June 2013, the Governor of the BoE, Sir Mervyn King in his Mansion House speech confirmed that the bankers must have been pros...

I can only recommend "This week" on BBC 1. The beginning of the programme is about the banking industry behaviour. Nothing new,...

After introduction about the Parliamentary Commission on Banking Standards report on the couses of the collapse of HBoS in October 2008, T...

It may be a bit self indulging to write all the time "I told you so. I told you so many years ago". But what's the choice? T...

For some years articles (and comments) on this blog warned that unless the current financial mess is solved ( which was not that difficult...

In today's Channel 4 News Mr Brooks Newmark MP discussed the EU proposal to cap the bankers bonuses to twice their salaries with a S...

"The UK has lost its top AAA credit rating for the first time since 1978 on expectations that growth will "remain sluggish over t...

Graham Manville of University of Southampton and Richard Greatbanks of University of Otago published a book, with Gower Publishing, ...

With the appointment of the Governor of the Bank of England, the Chancellor of the Exchequer confirmed that he was determined to ensure t...

Today we could see a debate in the House of Commons about how much money the UK should pay to the EU budget. When the government decided ...

As reported by the BBC today, the Leader of the HM Government Opposition, Ed Miliband threatened to break up the banks unless they separat...

It has been argued for some time on this blog that the current financial crisis is not in fact an economic crisis but an well organised we...

In the wake of the completely predictable - but for some reason considered by the mainstream media and politicians as "unexpected...

Standard Chartered has been accused by the US authorities of busting the US sanctions against Iran by aiding the Iranian financial transac...

In 2002 Guantanamo Camp was set up as a camp for "illegal combatants" , international terror suspects. Like any government's...

We may have thought in the last four years that the financial industry reached rock-bottom. But in the last couple of months we clearly he...

What we see now in the UK is a huge bare-knuckle fistfight in the family, i.e. the establishment that is running the country. First the b...

The publication of this article on this blog is dedicated to Sir Mervyn King, the Governor of the Bank of England, who reportedly said a f...

Yesterday it was announced that Barclays Bank was fined for manipulating interbank lending rates. It is business as usual in the City, no...

"£140bn kiss of life for Britain: Chancellor and Bank in dramatic bid to hand small firms and house-buyers cheap loans. Banks will be...

The largest heist in history continues. This is what was written well over 3 years ago: "If governments do not liquidate the global...

Last night on BBC HardTalk Prof Paul Krugman argued that to get out of the current economic depression western countries have to borrow m...

Last Thursday, during BBC Question Time, Mary Beard, a professor of classics at Cambridge University told the politicians, Caroline Spelm...

"Scotland's most senior Roman Catholic, Cardinal Keith O'Brien, has accused the prime minister of acting immorally by favouri...

Today, not surprisingly,  it was announced that the UK is again in recession . Politicians and mainstream commentators keep saying that, s...

The computational complexity analysis of credit creation presented on this blog is an analysis of the dynamics of the reserves generated...

Yesterday Daily Mail published a serialisation of a new book by Alex Brummer: "Britain For Sale: British Companies In Foreign Hands...

In today's FT "Far from abating, the euro crisis has recently taken a turn for the worse. The European Central Bank relieved an in...

In the last few months of 2008, during the outbreak of the global financial crisis, three Icelandic banks Glitnir, Landesbanki and Kaupthing...

For all those who missed the table compiled by Patterson Associates and published in the paper edition of The Evening Standard on 22 Februa...

Yesterday in her speech in Berlin at the German Council on Foreign Relations, Ms Christine Lagarde, the head of the International Monetary F...

Last Thursday BBC Newsnight broadcasted an analytical piece about the nature of capitalism. The issues raised were profound: capitalism as...

Yesterday, on the same day as the French AAA credit rating and the ratings of many other European countries were downgraded, the Costa Conco...

"Save the City" pleads The Economist in the recent issue's leader. "Finance—the funnelling of savings to their best use—...

Italy has to roll over 306.9 billion in Eurobonds in 2012. The interest rate it has to pay is around 7% and is highly unlikely to be any lo...

(This article was first published on openDemocracy / ourKingdom website titled: "Capitalism no longer exists: it's communism for t...