To avoid dangerous climate change will require the equivalent of another industrial revolution. This can only be achieved if finance into the green economy is increased by an order of magnitude. This may be possible as many low carbon technologies are competitive with fossil fuel if the cost of finance …
The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives Posted on September 17, 2013 by Ellen Brown Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden …
The £46bn cost of “too-big-to-fail”
British banks are getting an effective taxpayer subsidy of £46bn a year because they are extraordinarily large and have a unique status in the economy, according to new research from nef. The market believes that the government will always step in and rescue banks when they are in crisis. After the crash of 2008, some …