financial crisis

The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence.

Trump is not the answer, of course. He is the symptom. He is the symptom of the virus of neo liberal Capitalism. I never thought Trump would win because I didn’t think he wanted to win. And maybe, maybe he didn’t. None of that mattered, as it turned out. The liberals will blame racists and NASCAR rednecks, and more, they will blame leftists. And, they will blame Putin and Russia.
The post The Big Split appeared first on BSNEWS.

Essentially, housing associations behave like private companies. This process is being accelerated as a result of the Housing and Planning Act which forces local authorities to sell off council housing. The proceeds are then used to encourage housing associations to extend Right to Buy which will reduce the amount of affordable housing stock even further.
The post Property speculators are carving up our cities appeared first on BSNEWS.

The mismanagement of the UK economy by both the New Labour and Tory governments’ that followed the global crash of 2008 led to the poorest and weakest in society disproportionately picking up the pieces by way of savage cuts and austerity resulting from this incompetency.
The post Why ‘I, Daniel Blake’ is a modern tale of Dickensian cruelty in Tory Britain appeared first on BSNEWS.

(RPI) In her recent address at the Jackson Hole monetary policy conference, Federal Reserve Chair Janet Yellen suggested that the Federal Reserve would raise interest rates by the end of the year. Markets reacted favorably to Yellen’s suggested rate increase.

(ANTIMEDIA) The world has been captivated by a continuous stream of disturbing and shocking headlines.

As parliament debates the renewal of Trident, the UK’s “nuclear deterrent” – the arguments surrounding the controversial weapons system rage as fiercely as ever. But there’s one aspect which has been repeatedly overlooked. UK banks not only finance our nuclear deterrent, but also our supposed “enemy” Russia’s as well, and senior politicians enjoy a direct financial profit through keeping Trident. The name […]

The modern world of bubbles (source; click to enlarge)by Gaius PubliusI'm following a number of stories at the moment, including the possible further collapse in carbon (oil and gas) prices; the likely and casual ubiquity of election-stealing by both parties (which has interesting implications for the general election); and the next installment in our "Look Ahead

The main changes I do expect from Brexit are a long overdue material shift in the power balance away from London and its elite and back to the once working class regions of the UK. These have been the victims of a globalisation that, when it was first championed by Thatcher and then Blair, was supposed to have either no victims at all, or “losers” who could be easily compensated by the “winners”.
The post What Next After Brexit? appeared first on BSNEWS.

The latest coup attempt against Jeremy Corbyn within the Labour Party is being led by an elitist Blairite network who have always seen his sudden rise to leadership as a threat to their waning control of the party. An investigation by The Canary reveals that the organisers of the campaign are part of a pro-Blair ‘old guard.’ In the run-up to the […]