[Link opens in new window]
Source: Positive Money - Facebook - 29 March 2013
Friday 29 March 2013
Positive Money - Banks are not financial intermediaries
"Banks are special, because they can create new money ‘out of nothing’ = credit creation."
http://www.positivemoney.org/2012/06/how-to-make-banks-socially-useful-video/
[Link opens in new window]
Source: Positive Money - Facebook - 29 March 2013
[Link opens in new window]
Source: Positive Money - Facebook - 29 March 2013
Facebook Irritations - Failed upload of JPG
So there's this JPG file that I want to upload to my Facebook page. But it will not upload. I try converting it to a GIF. But it will not upload. I try taking a screen shot of the file as sharing seems to be blocked, to create a new JPG. But it will not upload. I try all versions of the file in IE8, Firefox and Chrome. But they will not upload. This has happened a few times before even with unedited photos I have taken. Why? Anyway I'm going to try and upload the file to this blog.
Wednesday 13 March 2013
Just follow the money
How long will it take for these stupid people to 'get it'? Solving the Economic Crisis should be like solving a crime, just follow the money.
Industrial output dropped sharply in January and it looks like we are heading for a third recession. I think that it is pretty clear that the last 5/6 years has been one big recession.
Pound falls on weak manufacturing data
[Link opens in new window]
So let's go over 'The Rules' again.
More money = more debt
Less debt = less money
For enlightenment visit
Positive Money
[Link opens in new window]
When money drives most of the activity on the planet, it's essential that we understand it.
Positive Money believes that the root cause of many of our current social, economic and environmental problems lies in the way that we allow money to be created. We work to make the confusing world of money and banking much easier to understand.
Industrial output dropped sharply in January and it looks like we are heading for a third recession. I think that it is pretty clear that the last 5/6 years has been one big recession.
Pound falls on weak manufacturing data
[Link opens in new window]
So let's go over 'The Rules' again.
More money = more debt
Less debt = less money
For enlightenment visit
Positive Money
[Link opens in new window]
When money drives most of the activity on the planet, it's essential that we understand it.
Positive Money believes that the root cause of many of our current social, economic and environmental problems lies in the way that we allow money to be created. We work to make the confusing world of money and banking much easier to understand.
Thursday 7 March 2013
The good news and the bad news
[All links open in new windows]
Lets start with the rules.
Here is the evidence of less debt in the Economy.
Lets start with the rules.
Here is the evidence of less debt in the Economy.
There was an £11.4bn surplus to the Deficit in January 2013 [this helps to reduce the National Debt or rather slow its rate of increase].
Here is the evidence of less money in the Economy.
The Government’s £70bn “Funding for Lending” appears to be
not working as bank lending fell by £2.4bn in February 2013.
The Office for National statistics originally said that 2012
showed no growth at all. However they
have revised their figures up to 0.2% growth but the last quarter of 2012 showed
a contraction of 0.3%.
BBC News - GDP: UK economy grew more than thought in 2012
Axminster Carpets have gone into administration.
Thomas Cook are making 2,500 staff redundant.
According to the Payment Council 58p in every pound is now
spent in supermarkets, accelerating the move away from the High Street.
Convenience Store - Payment revolution must not be ignored, retailers warned
[My own thoughts on this is:
Option A – Supermarket with FREE car park and except an
actual space.
Option B – The High Street with quite often no car parking
space and so a wasted journey or it costs a fortune to park.
Don’t the Local Authorities get it? The car was invented over 100 years ago. It’s about time the car was catered for …Oh
wait! It already is, at
supermarkets. Duh!]
28 shops a day are closing; 10 more than last year. Does this ostrich like Government not notice?
Gas bills have nearly doubled in 6 years according to
Consumer Focus.
BBC News - British Gas profits boosted by colder weather
[Can’t find the exact news story but there are so many about
the subject of Fuel Poverty]
And back in 2006 … doubled …
There has been a sharp fall in the Purchasing Managers Index
because of Euro zone recession.
BBC News - Eurozone recession deepened at end of 2012
Lloyds bank report losses of £570m mainly because of Payment
Protection Insurance mis-selling.
So, the same problems across the pond.
Detroit USA has a $300m deficit.
There was a story on Radio 4 last month about Detroit but this is a 2009 news story. But then I found this from 4 years ago. I think it was Detroit where you could buy a
pretty substantial detached house for $1 back in 2008.
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