The Failure of Free-Market Finance by Adair Turner Exit from comment view mode. Click to hide this space LONDON – Five years after the collapse of the US investment bank Lehman Brothers, the world has still not addressed the fundamental cause of the subsequent financial crisis – an excess of debt. And that is why economic recovery has progressed much more slowly than anyone expected (in some countries, it has not come at all). Most economists, central bankers, and regulators not only failed to foresee the crisis, but also believed that financial stability was assured so long as inflation was low and stable.
Since 2006 The International Monetary Fund’s Balance of Payment statistics have been uploaded into a neat online database accessible through its website. Among country balance of payments figures, the database also features the “Net International Investment Position” of a country, which is defined as the difference between foreign assets that domestic residents own and domestic assets held by foreign entities. Here are the most recent (2010) rankings. Note that the 2011 rankings are still in the process of being calculated. 2010 Country NIIP (Net International Investment Position) statistics by the IMF. NIIP is defined by a country’s total domestically owned assets minus its foreign owned assets. List of World’s Largest Creditor and Debtor Nations | Leslie Cuadra
De paradox van de permanente crisis Het is de herfst van de sombere woorden.
De ijdelheid der economen gekwantificeerd | Follow the Money Jesse Frederik
Conflict of interest A conflict of interest (COI) occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation. The presence of a conflict of interest is independent of the occurrence of impropriety. Therefore, a conflict of interest can be discovered and voluntarily defused before any corruption occurs. A widely used definition is: "A conflict of interest is a set of circumstances that creates a risk that professional judgement or actions regarding a primary interest will be unduly influenced by a secondary interest." Primary interest refers to the principal goals of the profession or activity, such as the protection of clients, the health of patients, the integrity of research, and the duties of public office.
Insider trading = inside info wikipedia The authors of one study claim that illegal insider trading raises the cost of capital for securities issuers, thus decreasing overall economic growth. However, some economists have argued that insider trading should be allowed and could, in fact, benefit markets. Noted economist Milton Friedman has been quoted as saying "You want more insider trading, not less". Trading by specific insiders, such as employees, is commonly permitted as long as it does not rely on material information not in the public domain. However most jurisdictions require such trading be reported so that these can be monitored. In the United States and several other jurisdictions, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. The rules around insider trading are complex and vary significantly from country to country and enforcement is mixed.
Handel met voorkennis - informatie asymmetrieën uitbaten Als klokkenluider Edward Snowden gelijk heeft, zijn er bij Amerikaanse geheime diensten tienduizenden functionarissen die wanneer ze maar willen door de e-mails gaan van wie ze maar willen. „Zelfs van de president van Amerika, als je zijn privémailadres zou hebben”, aldus Snowden. Zien we het misbruik dat mogelijk is niet, of speelt er iets anders? Misschien loop ik te lang rond in de Londense City, maar ik dacht meteen: handel met voorkennis.
Money - what is money ? alternative currencies , artists etc:etc
who creates money ? demise of democratic control ?
The Untouchables | FRONTLINE January 22, 2013 FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages. How JPMorgan’s $13 Billion Settlement Stacks Up November 19, 2013, 8:57 pm ET · by Jason M.
(updated below - Update II) The Untouchables: How the Obama administration protected Wall Street from prosecutions | Harry J Enten | Comment is free
Bank Charter Act 1844 The Bank Charter Act 1844 (7 & 8 Vict. c. 32) was an Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which restricted the powers of British banks and gave exclusive note-issuing powers to the central Bank of England. It is one of the Bank of England Acts 1694 to 1892. Purpose Until the mid-nineteenth century, commercial banks in Britain and Ireland were able to issue their own banknotes, and notes issued by provincial banking companies were commonly in circulation.
via: http://pear.ly/pbNuu +/- 5:30 -->> by Nov 4
Richard Nixon (1971) Zwei politische Entscheidungen der amerikanischen Regierung des Jahres 1971 über Veränderungen der amerikanischen Außenpolitik und der Wirtschafts- und Finanzpolitik während der Regierungszeit von Präsident Richard Nixon wurden als Nixon-Schock bekannt. Beide verkündete Nixon völlig überraschend. Die außenpolische Entscheidung führte zu weitreichenden Veränderungen im Verhältnis der Vereinigten Staaten zur Volksrepublik China sowie zur Republik China/Taiwan; auch die Beziehungen zwischen der VR China und Japan änderten sich deutlich. Die geldpolitische Entscheidung bewirkte, dass das Weltwährungssystem von Bretton Woods mit seinen festen Wechselkursen nicht mehr funktionierte ("Einsturz", "Zusammenbruch"); es begann eine Phase frei floatender Wechselkurse. Nixon-Schock
The US Invaded Iraq Because It Wouldn’t Have Survived Otherwise While the US invasion of Iraq about a decade ago was based on public-facing lies about nonexistent weapons arsenals, the underlying reasons for the invasion were much more dire. Iraq had found the US’ Achilles Heel, and would bankrupt the US if not stopped. When the United States President “Not-a-Crook” Nixon unilaterally declared that the United States would not pay back its loans on August 15, 1971, it sent shockwaves through the financial world. Normally, this would have been a declaration of bankruptcy.
Turn autoplay off Edition: <span><a href="https://id.theguardian.com/dashboard?returnUrl=http://www.theguardian.com/business/interactive/2012/oct/17/eurozone-crisis-interactive-timeline-three-years">Profile</a></span> Sign in Mobile Eurozone crisis: interactive timeline | Business
97% Owned - Positive Money Cut
Cameron family fortune made in tax havens | Politics David Cameron's father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister's inheritance, the Guardian can reveal. Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction. At the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000.
Financial Supervision & Central Banking: Improvements backfired
accountancy firms - Deloitte , Ernst & Young, KPMG , Pricewaterh
credit rating agencies - kredietbeoordeelaars
The Wall Street Code
tax havens - offshore
As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against . The more than $40 billion of deals helped fuel the crash of 2008. Now, recently collected emails from bankers and a Magnetar executive involved in some of the deals appear to shed new light on how they did it. Emails Give Glimpse Into Deals That Fueled Financial Meltdown
The Joris Luyendijk banking blog | Comment is free
Protofascistisch systeem - nrc.nl
Romney's disdain for #47percent of America proves 'he's all about the rich' - The Young Turks with Cenk Uygur
Ewald Engelen; Houdt dit kabinet nodeloos crisis in stand?
The Ritz has not paid corporation tax in 17 years, BBC Panorama probe reveals
Lobbyismus: Unter Steinbrück schrieben Banken selbst das Steuergesetz | Wirtschaft
Staat verliest op steun aan banken - NOS Nieuws
The cancers at the heart of the banking system » Positive Money
who owns our debt ?
VK: 2009 Met deze EMU kiest Europa verkeerde weg
VPRO Andere Tijden - de valse start vd euro - Kop of munt
Economist Arjo Klamer: Homepage
Tegenlicht: Het brein van de bankier
Germany outoff the EU to save the euro - Sorros
NRC Handelsblad - Dossier Euro
Groene A'dammer: Democratie was nooit de bedoeling
CESifo Group: Ifo Institute for Economic Research (ifo Institut für Wirtschaftsforschung), Center for Economic Studies (CES), CESifo GmbH
CEPR (the Centre for Economic Policy Research) a network of over 700 economists based across Europe
NRC.Next: Het zijn de banken, sukkels!
Story of Broke
Dutch ditch euro? Netherlands ‘Neuro’ plan
BBC Two - All Watched Over by Machines of Loving Grace
All Watched Over by Machines of Loving Grace (television documentary series)
All Watched Over by Machines of Loving Grace
pt 1/4 Meltdown - www.goldbasics.blogspot.com
VPRO Import: Waar het fout ging ('The Flaw')
NOS: Dossier [video's] kredietcrisis Kamerenquête
System effects of bank crisis underestimated
scienceguide: Systeemeffecten bankencrisis onderschat
Jan Willem Van Den End at IDEAS
S&P's French rating mistake very serious, to be investigated: EU
Hoe ontstaat geld? – een interview met Peter Blom, directievoorzitter Triodos | de Aardespiegel
Joris Luyendijk over The City
Former communications manager: 'There's so much the public don't get' | Joris Luyendijk | Comment is free
Er is geen markt voor water - nrc.nl
Why No Financial Crisis Prosecutions? Ex-Justice Official Says It’s Just too Hard
KSU: Golman Sachs levert EU presidenten.
Het jaar dat bankiers eerste minister werden
Het geheime bankiersgenootschap
"Goldman Sachs doet werk van God"
NOSop 3 - Nieuwe carrière voor ex-Lehman Brothers bankier
La polémique Goldman Sachs
De werkelijkheid is "Veel ERGER" dan de film
KSU: EU begrotingstekorten sterk gestegen na bailouts van banken
Revealed – the capitalist network that runs the world - physics-math - 19 October 2011
Revealed – the capitalist network that runs the world - image 1 - physics-math - 19 October 2011
(pdf)The network of global corporate controlStefania Vitali1, James B. Glattfelder1, and Stefano Battiston1
The American Dream Film
American Dream Film (@AMdreamfilm) sur Twitter
Capitalism Hits the Fan Film Screening and Q&A with Professor Richard Wolff | The New School
Modern Monetary Theory (MMT)
A Raucous Hazing at a Wall St. Fraternity
wikiterms: the direct action network
WOCCU: World Council of Credit Unions
Horrorhypotheken - 24 februari 2012
Economics & Finance
Bird and Fortune - Subprime Crisis
De Prooi - 6.03 t/m 9.06 in theaters - het Nationale Toneel
Chris Hedges on Capitalism’s ‘Sacrifice Zones’
Finanzkrisen: Die große Krisengrafik - Strategie & Trends
Global Economy Distress 3.0 Looms as Emerging Markets Fal
Conflict of interest
With E.C.B. in Spotlight, Bundesbank Finds Itself in the Shadows
Bundesbank questions basis for EU bank union - report
Movies Documentaries about Money
current threat's & warnings