The banks lost all their money, put pressure on the politicians who in London, agreed to give them all the money back, by taking our money and giving it to them for the next 20 years. The also agreed to leave the tax havens pretty much as they are – well the ones that people […]
Read MoreHOUSE OF COMMONS SEMINAR ON LAND VALUE TAXATION, TUESDAY 24TH MARCH 2009
PRESS RELEASE London, 16 March 2009 Hosted by Vince Cable MP Chaired by Nick Ross Panel of Speakers: – David Triggs, Executive Chair of the Henry George Foundation – Iain McLean, Professor of Politics, University of Oxford – Ashley Seager, Economics correspondent, The Guardian – Samuel Brittan, Economics commentator, FT, author – Molly Scott Cato, […]
Read More"These Fossil Fools" – Catherine Mitchell – excellent article in the Guardian on futility of market solutions to climate change
The UK’s energy policy has to focus on lowering carbon emissions by a combination of renewable energy and reducing demand. This requires a system almost entirely different from that we have in place today: one that is conducive to innovation and change; and one that is flexible and resilient to all sorts of technological futures.
Read MoreFrom Mr Lynn Jones, who recently retired from General Motors – The economic crisis explained
Too good not to pass on………….. This explains the source of the worldwide financial problem….. Seanie is the proprietor of a bar in Dublin . In order to increase sales, he decides to allow his loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. He keeps track of […]
Read MoreBill Powell explains the reason for the financial crisis, and how to get to the root cause.
It is estimated that 70% of the money that circulates is created in the form of loans ’secured’ against ‘property’. They circulate as money until the loan is paid off. If loans stop the money money in circulation dries up. That’s what happened. That’s the origin of the credit crunch.
The bubble came about by banks enticing people to take on higher and higher loans with more and more ‘affordable’ payment terms, e.g. interest only, self-certified income, low teaser (aka ‘fixed’) rates for a couple of years. They competed with each other until the loan to earnings ratio became unbelieveable. Then the bubble burst!
Beyond Public and Private – Chris Cook
From Beyond Public and Private Submitted by ChrisCook on Monday, 23 February, 2009 – 10:24 ByChris Cook Beyond Public and Private – Chris Cook, 20 February 2009 21st Century problems cannot be fixed by 20th Century solutions”….Dr Narsi Ghorban The Credit Crash marks the end of an era for the global financial system, and […]
Read MoreRenewables East event helps small and medium sized companies in the East of England and the East Midlands access funding and support for green energy and low carbon technology
Simon Sherrington is organizing a free event on behalf of Renewables East. It is designed to help small and medium sized companies in the East of England and the East Midlands access funding and support to develop their early stage green energy and low carbon technology and service ideas. It is open to anyone meeting Renewables […]
Read More"US government should fund massive public works projects" – Dennis Kucinich – Congress
On the Today programme this morning (Wednesday 18th Dec) there was an interview with Dennis Kucinich, chair of a US congressional committee (who stood for the Democrats presidential candidate in 2004), and he proposed that the US government should take over creating money from the banks, to fund massive public works projects, rather than borrow […]
Read MoreDr Maitland Mackie discusses "a second agricultural revolution" based on community funding of wind energy assets
Dr Maitland Mackie, BSc (Agriculture), MA Hons (Economics), CBE, LL.D, FRAGS Existing power companies are scouring the country for sites to build wind turbines. While this offers some profit for landowners Dr Maitland Mackie has other ideas. His recently formed company proposes that those in rural areas retain most, if not all, of the profits available – nothing less than a new agricultural revolution.
Maitland, a comparatively new member of the Claverton group, formed the idea for an energy company owned by the rural sector having seen the financial and aesthetic success of the turbines installed by his three offspring who now run the family dairy and ice cream business in Aberdeenshire (Maitland says he now basks in the reflected glory of their efforts).
Read MoreSystemic Fiscal Reform – way to beat boom and bust
By Dr Adrian Wrigley, Neale Upstone and Robin Smith (10th Sept 2008) – SystemicfiscalReform.Org
Systemic Fiscal Reform is a radical programme for the reform of taxation, subsidies and welfare. It is designed to stabilize economies, improve quality of life, and facilitates the transition to full environmental sustainability.
The reforms mainly comprise the abolition of cumbersome and wasteful tax, welfare and subsidy systems, together with abolishing the bureaucracies which implement them.
In their place, a simple integrated tax and welfare system is introduced. This includes retaining a number of existing taxes which have been found to operate effectively where they have been tried.
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