For many years, we’ve been told that finance is good and more finance is better. But it doesn’t seem everyone in the UK is sharing the benefits. On this program, we ask a very simple question – can a country suffer from a finance curse?
Host Ross Ashcroft is joined by City veteran David Buik and the man who coined the term Quantitative Easing, International Banking and Finance Professor Richard Werner.
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If you are interested in this topic you can find more information out at the links below.
U.S. Recession Model at 100% Confirms Downturn Is Already ...www.bloomberg.com › us-economic-recession-tracker
Apr 8, 2020 - 0 50 100 % 2000 2010 2020 1992 2020 2001 Recession Great Recession. Source: Bloomberg Economics. The recession probability model ...
Why the Global Recession Could Last a Long Time - The New ...www.nytimes.com › economy › coronavirus-recession
Apr 1, 2020 - Fears are growing that the worldwide economic downturn could be ... The federal budget deficit will be nearly $4 trillion in 2020, the C.B.O. says ...
Economic Recession in 2020: What Steps Can You Take Now?www.oberlo.com › Blog
9 Apr, 2020 9 min read 2 comments. Economic Recession 2020. These are challenging times. The coronavirus, COVID-19, has quickly traveled around the ...
recession - Wikipediaen.wikipedia.org › wiki › _recession
Jump to global economic slowdown - The recession is considered to be the steepest economic downturn since the Great Depression. On 14 April 2020, the ...
Cause: -induced market ... Date: 20 February 2020 – present
Background · Causes · Financial crisis · Impact by country
On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.
Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money, when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England
Michael Meacher MP:
"The banks have too much power and they have greatly abused it. First, they have been granted enormous privileges since they can create wealth simply by writing an accounting entry on a register. They decide who uses that wealth and for what purpose and they have used their power of credit creation hugely to favour property and consumption lending over business investment because the returns are higher and more secure. Thus the banks maximise their own interests but not the national interest. Secondly, if they fail to meet their liabilities, the banks are not penalised. Someone else pays up for them."
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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org/
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