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Ann Pettifor: 28th February 2009 Most of us alive today have not lived through a period of debt-deflation. On the contrary the global economy has been dominated over these last three decades by creditors and creditor interests. These have made inflation the No. 1 Threat to civilisation, and so we are overly concerned about Ann Pettifor: 20th February 2009 This is an image of the billionaire Allen Stanford posing with members of the English and West Indian Cricket boards in London in June, 2008. The plastic box is stashed with $20 million and was used – in the most obscene public display of wealth – to lure Ann Pettifor: 15th February 2009 The G7 group of finance ministers’ statement today is full of the usual hot air, and includes their new finding. That the financial crisis has “highlighted fundamental weaknesses in the international financial system.” Over the years many have tried to alert political leaders to these fundamental weaknesses. To Ann Pettifor: 15th February 2009 A couple of weeks ago, I warned on this blog of the impending crisis in Ireland. (See below). Now the international capital markets are turning the screw on that little sceptred isle. The insurance on Ireland’s debt has rocketed in recent days, implying that the markets expect Ireland to Ann Pettifor: 14th February 2009 John Maynard Keynes must be a mysterious figure to today’s students of economics. They must hear much talk of him, and wonder who on earth he could be? I drifted into such thoughts on a visit to Cambridge this week to hear a friend, Geoff Tily give a Ann Pettifor: 4th February 2009 Everyone should just calm down and get a grip. The problem is not the fiscal stimulus. It is not pork barrel politics. It is not the banks. Nor is it those parasites, the bankers. It’s not even the debt. It’s the cost of debt. And it’s just like Japan, Ann Pettifor: 2nd February, 2009 I am grateful to Dr. Krassimir Petrov of the Center for Research on Globalisation for this daunting chart. It shows how much debt sludge has to be cleared out of the US financial system. Much, much more than in the 1930s. Contrary to orthodox economic forecasting, this portends |
In the September 2003 edition of openDemocracy I wrote: 
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