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The Public Debt of Japan and China – Funded by Investment Credit Creation or by Foreign Borrowing?

Economist George Tait Edwards puts paid to rumours of impending financial crises in Japan and China... [read more]

The Different Sources of Unemployment, and the Economic Remedy for Each of These

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [read more]

The Fed Protects Gamblers at the Expense of the Economy

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades... [read more]

The OECD verdict on the British housing market

Former MP and member of the Labour shadow cabinet, Bryan Gould, discusses the findings of a recent OECD report which revealed that UK housing is among the most overpriced in the world... [read more]

An Extended Review of "Princes of the Yen" by Professor Richard Werner

George Tait Edwards reviews “Princes of the Yen”, the latest book written by Professor Richard Werner... [read more]

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system... [read more]

A journey into the vice-ridden world of banking

The primary objective of the world’s leaders is to avoid another banking and financial crash that could be worse than the one in September 2008... [read more]

The Disaster of Negative Interest Rates

The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory.... [read more]

Update On Shimomuran Economics: The Day May Come

Western governments and their advisors can no longer continue to ignore the work of the master economist Dr Osamu Shimomura (1910-1989) who provided the insights which have produced the high growth of the China Sea economic zone... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 1

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 1 of 2) ... [read more]

Political commentators

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

Central Bank Digital Currencies: A Revolution in Banking?

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies... [read more]

The circulating money supply: Why QE3 won’t jumpstart the Economy—and What Would

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers — but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives, argues Ellen Brown.... [read more]

Bank Bailouts - Throwing Good Money After Bad

As the UK government plans further massive bank bailouts, Mick Brooks calls for the complete nationalisation of the banking industry.... [read more]

London Court Rules in Favour of Venezuela in Dispute with Exxon

James Suggett on a courtroom victory for Venezuela against big business. ... [read more]

Is the Run on the Dollar Due to Panic or Greed?

What’s going on in the repo market? Rates on repurchase (“repo”) agreements should be about 2%, in line with the Federal Reserve funds rate... [read more]

Central Bankers' Desperate Grab for Power

Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers... [read more]

U.S. IMMIGRATION: Is It Still an (inter-)National Asset or a Heartland Liability? You be the final Judge!

Give me your tired, your poor, your huddled masses yearning to breathe free ... [read more]

Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.... [read more]

If China Can Fund infrastructure with Its Own Credit, So Can We

While American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... [read more]

In the Panama Capers we Trust

The leaked Panama Papers, from the Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy get up to with unseemly amounts of dosh... [read more]

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival. From the revolt against austerity led by Syriza to Jeremy Corbyn’s surprise victory as Labour leader... [read more]

Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal

British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time... [read more]

Trumping the Federal Debt Without Playing the Default Card

The government can reduce the debt by buying it – and ripping it up... [read more]

Labour's vision

Labour leaders have often been eloquent in articulating a vision of the kind of society they want; it is explaining how that vision is to be realised that seems to be the problem... [read more]

Rethinking Economics The Washington Consensus vs the Tokyo Consensus Background

On Tuesday 6 May 2014, I published a blog about ”Shimomuran Economics and the Rise of Japan”... [read more]

Banks bluff in a completely legal way

Part 8 of Eric Toussaint's series Banks Versus The People: The Underside Of A Rigged Game!... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 2

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 2 of 2)... [read more]

The Shimomuran Economics Solution to the Western Economic Crisis

George Tait Edwards explains how investment credit creation could resurrect Western economies... [read more]

Boom at the top

At a time when the poorest are being hit hardest, W Stephen Gilbert comments on the obsence bonuses enjoyed by those at the top echelons of the financial sector and puts paid to the reasons most commonly used to justify such unfair practice.... [read more]

Hedge Funds, Speculation and Capitalism

With market speculation very much in the news at the moment, Mick Brooks examines the phenomenon of the hedge fund, and its role in the current economic malaise.... [read more]

The Marxism of Perry Anderson

This short essay is a study of the Marxism of Perry Anderson... [read more]

The American Dream Is Alive and Well—in China

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks.... [read more]

Why Is the Fed Paying So Much Interest to Banks?

When “Mary Poppins” was made into a movie in 1964, Mr. Banks’ advice to his son was sound. The banks were then paying more than 5% interest on deposits, enough to double young Michael’s investment every 14 years.... [read more]

Public Spaces Private Control

The commercialization of public spaces in British cities and elsewhere in the industrialized world is going on apace.... [read more]

The War on the Post Office

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.... [read more]

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.... [read more]

Regulation Is Killing Community Banks – Public Banks Can Revive Them

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.... [read more]

How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt.... [read more]

Sovereign Debt Jubilee, Japanese-Style

Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.... [read more]

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... [read more]

The Israeli Trumpess

What will Donald Trump do if he loses the elections in a week and a half from now, as most polls indicate?... [read more]

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [read more]

The Center Doesn't Hold

"The best lack all convictions, while the worst are full of passionate intensity!"... [read more]

What is to be Done with the Banks? Radical Proposals for Radical Changes

Immediate measures for moving towards socialisation of the banking sector... [read more]

The Pied Piper of Zion

The Israeli Peace Camp is in despair. No savior is in sight. Many just sit in front of their TV set and wring their hands... [read more]

How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th amendment... [read more]

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks... [read more]

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy... [read more]

The Magician's Apprentice

One has to choose: Binyamin Netanyahu is either incredibly shrewd or incredibly foolish... [read more]

A Corbyn leadership

Bryan Gould, former Labour shadow cabinet minister, asks how left-wing is Jeremy Corbyn... [read more]

The Treaty

What if Binyamin Netanyahu was duped to become unwittingly the main collaborator of Iranian ambitions... [read more]

Greece: Alternatives to the Capitulation

On 5 July 2015 the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika... [read more]

Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made – by sleight of hand... [read more]

A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis... [read more]

Which direction for Labour?

Bryan Gould, former Labour shadow cabinet minister, says Labour's leaders must be prepared to do the hard work needed to produce a convincing alternative in line with much current and developing economic thinking... [read more]

The Labour leadership election

Bryan Gould, former member of the Labour shadow cabinet, describes what is missing from the leadership contest... [read more]

How the Election Was Won‏

Bryan Gould, former member of the Labour shadow cabinet, explains how popular sentiment on political issues can be manipulated... [read more]

Governments submit to “Too Big to Fail” banks (part 1)

Since 2007, the major Central Banks of the most industrialised countries have lent massively to private banks at very low interest rates in order to avoid their failure... [read more]

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped... [read more]

Economic Policies for an Incoming Labour Government (Part 5 of 9)

The Two Great Traditions in Western Economic Thinking ... [read more]

Economic Policies for an Incoming Labour Government (Part 4 of 9 - Shimomuran Economics

Bryan Gould and George Tait Edwards describe Shimomuran Economics... [read more]

A Slow-Burning Revolution‏

Former MP and member of the Labour shadow cabinet, Bryan Gould, details the beginnings of a paradigm shift in economic thinking... [read more]

Hegemony and Illusion

Only patient and sustained grassroots work among the masses can sharpen their consciousness and help them shed any illusions about the prevailing system. We must be under no illusions. There is no fast-track to the Revolution... [read more]

If you found treasure worth thousands would you declare it?

It’s a morality tale for our times: three old rogues had two options. They could reveal their find or say nothing, and share it, writes George Monbiot.... [read more]

‘Cleansing the stock’ and other ways governments talk about human beings

Those in power don’t speak of ‘people’ or ‘killing’ – it helps them do their job. And we are picking up their dehumanising euphemisms, writes George Monbiot.... [read more]

Would Scottish Independence Mean Economic Sovereignty?

Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country... [read more]

Washington's madness in Ukraine

What is happening right now in Ukraine may not just be another conflict that will rumble on for a few years and then slowly end in a messy compromise... [read more]

Flight MH17 – Imperialism and the art of hypocrisy

The blame game commenced immediately. Without waiting for an investigation or any hard information whatsoever, Washington lost no time in pointing an accusing finger at Moscow... [read more]

Banks and the New “Too Big to Jail” Doctrine

Part 1 of the series 'Banks and the new “too big to jail” doctrine' by Eric Toussaint... [read more]

The War on Democracy

Dr Tomasz Pierscionek describes how yet another nation has fallen victim to 'Shock and Awe' ... [read more]

Banks: Fudged health report

The final part of the series by Eric Toussaint - Banks versus the People: the Underside of a Rigged Game!... [read more]

Why Not Create A Scottish Pound and Adopt Investment Credit Economics to Scotland’s Benefit?

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [read more]

Changing The Flag

New Zealand has decided to change its flag. This was only briefly mentioned in the media here. But it is a significant example for us... [read more]

Bank Created Credit

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains how orthodox monetary policy is fundamentally misconceived... [read more]

Warren’s Post Office Proposal: Palast Aims at the Wrong Target

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Senator Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs... [read more]

Hungarians believe their politicians are corrupt

When Transparency International issued its report on election spending on Monday the section that captured the headlines was that showing that Fidesz would spend over double the legal limit – and get away with it. Fidesz stayed quiet on this revelation but needless to say the opposition parties took to the social media immediately, writes David Eade.... [read more]

From Austerity to Prosperity: Why I Am Running for California Treasurer

Welfare payments, health care for the poor, and benefits for the elderly and disabled have been slashed. State workers have been downsized... [read more]

The Mockery of Banking Discipline

Part 7 of Eric Toussaint series, Banks versus the People: the Underside of a Rigged Game... [read more]

The Banks, Fragile Giants

Part 5 of Eric Toussaint's series Banks versus the People: the Underside of a Rigged Game shows that big banks continue playing with fire, because they are persuaded that governments will save them whenever necessary... [read more]

The Bank Guarantee That Bankrupted Ireland

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust... [read more]

China’s All-Inclusive Economic Miracle: The Third Economic Bomb

George Tait Edwards explains China's recent economic success by examining its past history... [read more]

Royal Mail Sell-Off Is British Politics At Its Worst

Last week the coalition government announced that they are going to float Royal Mail on the stock exchange, ending almost 500 years of the famous institution being government owned... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 3 of 3)

Former Labour MP and member of the Shadow Cabinet, Bryan Gould, provides a road map for reviving Britain's ailing economy... [read more]

Shimomuran Economics: The No-Debt Investment Credit Creation Path to More Rapid Economic Growth

George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]

The Self-Hating State

Devolving policy to “the market” doesn’t solve the problem of power. It makes it worse, writes George Monbiot.... [read more]

Together, We Can Save Our Post Office

For 20 years, central government has been privatising the postal service by stealth. In reaction, the idea of mutualisation does the rounds, writes David Lindsay.... [read more]

Together, We Can Save Our Post Office

For 20 years, central government has been privatising the postal service by stealth. In reaction, the idea of mutualisation does the rounds says David Lindsay... [read more]

Political Barbed Wire

Why are 97 per cent of our rivers shut to the public? A millionaire minister’s amazing conflicts of interest give you a clue, writes George Monbiot.... [read more]

The end of nuclear power? Careful what you wish for

Flawed and stalled as the plans for toxic waste may be, at least they exist. There is no way to clean up CO2, the greater evil, writes George Monbiot.... [read more]

US War Agenda: Coke or Goldman Sachs, What's Your Poison?

Colin Todhunter asks who in their right mind would be prepared to fight and die for Shell, Chevron or Coca Cola?... [read more]

The Implication of Syria's Civil Strife

Syria's Civil War is essentially a war between the majority Sunni Muslims and the minority Alawites (Shi'ites) who have ruled Syria for over 40 years. The result is a foregone conclusion. President Assad will lose and the Alawites will be ousted. Or will they? And before they do, what will be the price paid by others, asks Faysal Mikdadi.... [read more]

The Great Impostors

Under the guise of saving the natural world, governments are privatising it and rarely will the money to be made by protecting nature match the money to be made by destroying it, writes George Monbiot.... [read more]

Empire of Capital

A one-sided justice sees weaker states punished as rich nations and giant corporations project their power across the world, says George Monbiot.... [read more]

Euro zone crisis: A Green alternative

We are watching economic injustice crush a nation before our eyes. On 20 March, Greece must meet the next tranche of debt repayments,says Alfie Stirling.... [read more]

A Ghost Story Retailed (part three)

W Stephen Gilbert delivers an up-to-date, state and fate of the retail trade in Britain, it is partly personal and anecdotal, and partly a critical overview: part three.... [read more]

''You are fed up with him?''

Uri Avnery gives his opinion on a recent leaked conversation between Presidents Obama and Sarkozy... [read more]

The Cordoba House: House of Terrorism or Peace?

Omar Zaki on the so-called 'Ground Zero Mosque' and why it should be allowed to go ahead.... [read more]

Canadian and US Unions Offer Solidarity to Threatened Mexican Workers

Daina Z. Green reports on the terrorism of Mexican unions by their own Government in support of business interests over that of their own workers. ... [read more]

BP’s Dumb Investors

The companies now threatening to sue BP have only themselves to blame, writes George Monbiot.... [read more]

An Eruption of Reality

George Monbiot asks: has our society become too complex to sustain?... [read more]

Bye Bye, Dubai?

Mick Brooks looks at the unfolding crisis in Dubai, and its potential implications for the world economy. ... [read more]

The Economic Crisis and Poor Countries

Mick Brooks compares the 'boom and bust' economics of the past twenty years with similar patterns in the 1920s and 1930s: once again it is the poorer nations that stand to lose the most.... [read more]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

Rob Sewell on how the financial press is interpreting the economic crisis.... [read more]

Gordon Brown and "Light Touch" Regulation

Mick Brooks on how Gordon’s policies left the UK unprepared for the present financial crisis.... [read more]

£50bn Bail-out Will Not Stop the Rot

Socialist Appeal's Mick Brooks on the UK government's financial bail-out package.... [read more]

Bail-out Blackmail

Mick Brooks on the truth behind the US government's bail-out of the financial sector.... [read more]

The Credit Cruch - One Year On

Twelve months on from the beginning of the current economic crisis, Socialist Appeal's Michael Roberts examines the causes and effects of the so-called "Credit Crunch".... [read more]