Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign …
The Resilience Imperative: Cooperative Transitions to a Steady-state Economy
by Michael Lewis & Patrick Conaty, New Society Publishers, 2012, ISBN: 9780865717077 Review by Shann Turnbull, EMM Advisory Board member and source of some of the ideas cited in the book. The Resilience Imperative is a must read for both leaders and followers seeking survival of society. The book …
America, Enjoy the Downward Slide
“We at Ethical Markets welcome THE GLOBALISTS’s excellent series on reforming the globalization of finance , especially Lord Megnad Desai’s essay.” Hazel Henderson, Editor The daily online magazine on the global economy, politics, culture and history August 17, 2012 Singapore’s Message for Today’s America President Obama may have deeply offended …
Who should create money and credit?
Shann Turnbull PhD* Dr. Turnbull is a member of the Ethical Markets Advisory Board. Three options are considered in this essay as to who should create money and credit. The options are: (i) governments, (ii) banks or (iii) individuals and/or firms who create value. Today, governments define what is legal …
The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe
The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe Ellen Brown http://WebofDebt.com/articles April 18, 2012 The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers. In September 2008, Henry Paulson, former CEO …
UK roundup: Mervyn King on quantitative easing, LCP on buy-ins
UK roundup: Mervyn King on quantitative easing, LCP on buy-ins 28 Mar 2012 UK – The governor of the Bank of England has spoken out against claims that its £325bn (€388bn) quantitative easing (QE) programme has damaged the long-term viability of the UK’s pension schemes. Speaking at the economic affairs …
Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments
Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments Ellen Brown http://WebofDebt.com/articles March 20, 2012 Far from reducing risk, derivatives increase risk, often with catastrophic results. — Derivatives expert Satyajit Das, Extreme Money (2011) The “toxic culture of greed” on Wall Street was highlighted again last week, …
The Debtwatch Manifesto
Prof. Steve Keen has grasped the global debt picture and come up with the most sensible proposals yet for downsizing the global casino and taming finance , so as to return it to its original limited purpose . We at Ethical Markets Media (USA and Brazil) also support a financial …
European Parliament seals ban on ‘sovereign debt speculation’
News European Parliament seals ban on ‘sovereign debt speculation’ 15 Nov 2011 EUROPE – The European Parliament has voted into law a regulation to curb short selling and trading in credit default swaps (CDS). With the vote, naked CDS trading – the purchase of default insurance contracts without owning the …
G20 Finance Minsters face growing public anger for failing to reform financial system – ITUC OnLine
INTERNATIONAL TRADE UNION CONFEDERATION – ITUC ITUC ONLINE G20 Finance Minsters face growing public anger for failing to reform financial system Brussels, 14 Octobre 2011 (ITUC OnLine): The international trade union movement said G20 Finance Ministers are coming under increasing pressure to create jobs, tackle public debt and reform the …
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