How the Cost of Money differs between HMG, Home Buyers and Personal Borrowers

Posted on October 10, 2012 by Sabine Kurjo McNeill

It’s nice not to be alone in one’s thinking!

Here’s another “Chart of the Week” produced by Grep Opie of the Economic Research Council. It educates and demystifies ‘interest rates’ a little. If you click on the chart you get to the original posting with explanations.

They miss the crucial questions:

  • why should HMG borrow?
  • who doesn’t HMG create interest-free Cash electronically?
  • since banks can create Credit from thin air and charge interest, why have successive governments allowed that to happen more and more?

Filed under: Interest rates, Money supply, Usury | Tagged: , , , , , , , , , , | Leave a Comment »

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

Posted on March 8, 2011 by Sabine Kurjo McNeill

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 be limited to 3000 words. I’ll publish my submission asap.

1.      The Documents Relating to the Inquiry
1.1.    The Government’s proposal 26 July 2010[1]: A new approach to financial regulation:  judgment, focus and stability.

1.2.    The Governments second proposal 17 February 2011[2]: A new approach to financial regulation: building a stronger system.

1.3.    The Treasury Committee’s Seventh Report[3]: Financial Regulation: a preliminary consideration of the Government’s proposals

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