Comment by Michael Grove on March 5, 2011 at 13:52

Mervyn King says bank reforms must not fail

Comment by Michael Grove on October 26, 2011 at 10:01

Where do good ideas come from?

 

as of 11/11/2011 - THE very best IDEAS come from HERE

Comment by Michael Grove on June 16, 2012 at 9:33

Gordon Brown -  the man who claimed "to have ended the cycle of boom and bust for the UK" - Didn't he also save the world as well from ALL of its financial woes? - is here again at the penultimate moment of the Euro Crisis expounding the fact that IF the G20 doesn't get its act together to help keep the Euro alive we shall all be faced with potential bailouts for France and Italy as well.

Surely its the founding members of the Euro project - Germany, France and Italy - who should now be realising that the wheels are falling off the charabanc because they chose not to fit tyres to the wheels in the first place.

Comment by Michael Grove on January 27, 2013 at 9:43

WHAT IF Nassim Taleb's "Black Swans" were engineered by a group of men -

living together in society today - as a result of information asymmetry ?

" When plunder becomes a way of life for a group of men living together in society - they create for themselves, in the course of time, a legal system that authorises it and a moral code that glorifies it "

                                                                                                                Frederik Bostiak

 

Comment by Michael Grove on February 5, 2013 at 21:49

"When plunder becomes a way of life for a group of men living together in society - they create for themselves, in the course of time, a legal system that authorises it and a moral code that glorifies it -

THAT group of men - financiers and their political puppets -

also create a financial system that profits from it  - until those illusory profits run dry such that -

 

there is not enough money for our health services.
there is not enough money for our police service.
there is not enough money for our armed forces.
there is not enough money for our local government.
there is not enough money for our social housing.
there is not enough money for our schools.
 
BUT there IS enough money for luxury ministerial limousines - chauffeurs to drive them 100 yards to a meeting - and hours spent waiting to make the same 100 yard return journey - instead of just 3 minutes each way to walk the same journey.

so much for 'we're all in it together' !

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