The current financial crises (Eurozone, US and UK public and private sector debt, banks’ insolvency) were precipitated by the sub-prime mortgage crisis of 2008 which was the culmination of a housing fuelled, economic boom in the US, UK and Europe (particularly Spain and Ireland). Rising house prices fuelled an explosion in consumer credit and private[...]Read more →
The global economic system demands exponential growth to survive rather like a bicycle which falls over if forward momentum ceases. It is underpinned by the interest based money system which demands expanding debt to provide sufficient money to pay the interest on pre-existing debt.
Growth in the US, UK and other countries has, for the[...]
Without access to the internet, we would be reliant on the few infotainment conglomerates for news and analysis. Blogging and alternative news media have given us access to an avalanche of information within which we can find nuggets of truth. However, established interests and governments have not stood aside from the world wide web but[...]Read more →