Just a few months before he steps down as Bank of England governor, Carney offered his vision for the international economy. Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.
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Madoff whistleblower Harry Markopolos details fraud allegations against General Electric
CNBC US Source, Bloomberg | Bloomberg | Getty Images • cnbc.com ↗︎
Bernie Madoff whistleblower Harry Markopolos joins "Squawk on the Street" to discuss his fraud allegations against General Electric, and why he believes the company is headed for bankruptcy
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The duel is one of the most fascinating, and significant events, in corporate America. The investigator alleges that what appears to be a highly qualified team doesn't comprehend its own accounting, and fails to recognize that it's virtually insolvent––and may even be cooking the books––while GE claims that its attacker ...Read More
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Why do people call Mitch Mcconnell “#MoscowMitch” ? For the same reason that tied Obama’s hands from exposing Russian Interference in 2016, the reason Trump won in 2016, and that Oleg Deripaska invested $200 million in Kentucky: Traitor Mitch Mcconnell.
This piece from Rachel Maddow, out today, blows the lid off just how bad Russia's infiltration already IS!! Where are our elected leaders in fighting against this? Should be required watching by all Americans.
Raoul Pal on just how bad things are looking accross the currency markets
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In 2009 Elinor Ostrom made her Economic Nobel Prize thanks to her works about Governing the Commons.
In 2019, Giveth.io and Block Science are looking to escalate worldwide what she found in her researches.
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New Australian Cash use restrictions and how they're going to affect the cryptocurrency industry
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This paper summarises the dilemma associated with using mainstream, macroeconomic models to guide disruptive, transformative change such as those that might occur under ‘deep decarbonisation’: a rapid transition to a net-zero carbon economy.
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The new economists’ enormously ambitious project means transforming the relationship between capitalism and the state; between workers and employers; between the local and global economy; and between those with economic assets and those without. (...) The result, the new economists claim, will be an economy that suits society, rather than ...Read More
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ECB purchases of equity would be a dangerous step
Merryn Somerset Webb • ft.com ↗︎
"Earlier this week BlackRock executive Rick Rieder urged the European Central Bank to stimulate the eurozone economy by printing money and using it to buy equities"
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"Over the past two decades, economists have tried to structure their work, as much as possible, to resemble scientific experiments. This “credibility revolution” is an attempt to explicitly link causes to effects, and sweep aside the old criticism that correlation is not the same as causation. One of the advantages ...Read More
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Trump's bizarre Federal Reserve nomination
Desmond Lachman, Opinion Contributor, Desmond Lachman, Opinion Contributor • thehill.com ↗︎
How to Break the Economy in the United States
Normally a person would be in favor of either an easy monetary policy to stimulate the economy or a hard monetary policy to exert discipline on the government. Either way, one would not expect her to hold both views at the same time. Yet Ms. Shelton does exactly that.
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Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.
At the same time, overall taxes paid by individuals under the new tax law are up so far this year by 3 percent, thanks to higher wages and salaries, according to the Congressional Budget Office. Last year tax payments by individuals went up 4 percent. ...Read More
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It is possible for a democratic economy to be built in the here and now, from the bottom up, whilst embedding the ability to both scale and amplify collective forms of ownership and governance elsewhere. While PCPs are only one part of this project, their operation will help facilitate the ...Read More
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With the German 10-year bund yield going negative I am reminded of this article.
...Read More