https://www.pimco.com/insights/economic-and-market-commentary/global-central-bank-focus/the-shadow-banking-system-and-hyman-minskys-economic-journey The Shadow Banking System and Hyman Minskys Economic Journey | PIMCO “Hyman Minsky’s theory on the nature of financial instability proved unnervingly prescient in explaining the rise and fall of shadow banking.” BY PAUL A MCCULLEY MAY, 2009 This paper is the basis for a speech I’ll be giving in Tel Aviv in June,… Read More
Adopted from: Post-Keynesian Economics Study Group at http://www.postkeynesian.net/keynes.html 30 October 2012 Richard Werner, University of Southampton The Quantity Theory of Credit discussant: Victoria Chick, UCL background paper – slides (Werner) – talk only (Werner and Chick) – Where does money come from? This is an embedded Microsoft Office presentation, powered by Office Online. Please click on in… Read More
Uploaded on Mar 30, 2011 Banks have a pivotal function in the economy, they are the main creators of the money supply. In granting or issuing so called ‘loans’ to their customers they create the money that is essential to make the modern economy work. In fact says Prof Werner: ‘there is no such thing… Read More
In order to transition from our present death economy and birth a new life economy, we need to bring new life-tools to our toolkit of investigations and experimentation. Given the recent realisation that our present economic science, in its present incarnation can be described as a form of “alchemy,” we have now to ask what… Read More
“For the master’s tools will never dismantle the master’s house. They may allow us to temporarily beat him at his own game, but they will never enable us to bring about genuine change.” – Audre Lorde In the previous post, The Final Frontier – A blueprint for building a life-value rebased global economic and political system… Read More
Published on Apr 7, 2016 Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Published on Dec 1, 2015 …Never before in history have… Read More
Published on Dec 27, 2015 TRANSCRIPT AND SOURCES: https://www.corbettreport.com/?p=16888 From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this… Read More
Published on Jul 6, 2014 TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalr… What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these… Read More
The secretive jurisdictions of international financial centers which claim to be essential for capital growth and development, like state communism, is going to be the downfall of corporate crony capitalism, as both support conformity and rigidity of ideas in a top-down hierarchical pattern as “efficiently” as possible. This is done without challenge from outside; hence the stifling of genuine innovation and genuine resilience and ability to adapt to new knowledge of our destructive potentials in all of life’s spheres of influence and concerns, hence producing the persistent lack of truth and reconciliation and healing of all of the maladies of humanity and the planet. If this is not a form of globalised supranational “communism” now on steroids, where there is pervasive reverse projection, where the meanings of our labels have been tranmorgrified and no longer mean what they are supposed to mean any more, then I don’t know what is!
For example, do we really still have a “free market” and “democracy” anymore? Aren’t these ideals now usurped by the diktats of the financial-military-corporate media-digital collusive complex which now reign supreme where we have concentration of wealth and power at the top? When The Establishment preaches freedom of choice, freedom of mobility and freedom of privacy, are they talking about freedom for entitlement of theirs at the top, while relegating those of us at the bottom to a form of mental, social and debt slavery? Where is the genuine democracy and freedom in that? Should we not have by now an intelligent system that matches unused life resources to unmet life needs by the supply and demand principles of the free market? What about the genuine ability of the electorate to chose a leader of their choice without the rules of engagement being gerrimandered to maintain the power structure in the first place? Where is the economic and political justice in all of this? Again I stand by my claim that the only difference between state communism and corporate croney capitalism is not one of kind, but one of degree and scale, and the reverse projections that the latter creates to block out the obvious consequences of our life destructive and human indignifying machinations.
The 42nd Annual Conference of the Caribbean Association of Banks (CAB) BANKING AT THE CROSSROADS Keynote Address Delivered By By H.E. Dr. EVERSON W. HULL Marriott Hotel and Resort Basseterre, St. Kitts. November 12, 2015 Introduction Chairperson of CAB, Ms. Joanna Charles Chairman of CAB LOC, Mr. Donald Thompson Members of the Local… Read More