Inquiry into the Accountability of the Bank of England by the Treasury Select Committee

The Treasury Select Committee always does the right things, but business continues as usual despite that… Here it announces an inquiry into the Accountability of the Bank of England. It would be good if my submission was not the only one maintaining the status quo… The deadline is March 31st and the text needs to [...]

Deficit panic – budget austerity and the real cuts agenda

David Blanchflower is the economics editor of the New Statesman and has two other professorships, besides having been a member of the Bank of England’s Monetary Policy Committee. His quotes inspired Ken MacIntyre to write these two articles where he puts into economic language and thinking what we monetary reformers have been saying for decades: [...]

Coalition of Resistance: a broad united national campaign against cuts and privatisation

Tony Benn and 73 others wrote on 4 August 2010 in The Guardian: The time to organise resistance is now. We reject these cuts as simply malicious ideological vandalism, hitting the most vulnerable the hardest. Join us in the fight. I just saw Mark Serwotka’s most remarkable speech on video on the occasion of a [...]

Bank of England and Fed accused of data rigging in the past

The investment community is obviously very much up to speed with naked capitalism as it presents itself before the market of “financial products”. One of its excellent groupings is GATA, the Gold Anti-Trust Action Committee that sends out remarkable daily news. Today it unearthed “news” about the interwar period of 1925 – 1931 when the [...]

Mervyn King’s response

I call it a “fobbing off” letter. Our legal advisor writes “valuable evidence” and one of our victims turned “star fighter” is over the moon because of the inaccuracy it contains. We are still thinking about our response.

Open Letter to Bank of England and FSA

Our Chairman Austin Mitchell MP has sent our Open Letter to Mervyn King not only to the Governor of the Bank of England, but also to Hector Sants, the CEO of the Financial Services Authority. The letter makes three points: a) false documents are being used to file bankruptcy b) wealthy individuals are being bankrupted [...]

Follow

Get every new post delivered to your Inbox.