After years of hands-off regulation by the UK’s Labour government, Alistair Darling current Chancellor of the Exchequer, is now planning for tighter rules covering liquidity, banker's pay and capital requirements (George Parker: Financial Times for 22 Sept).
As yet the mainstream media is reporting only such probable tightening of the rules of the current banking game. But as suggested by James Robertson in the last blog there is an alternative way of banking which is fairer, straightforward and very much simpler. See this Blog for 3 January 2008 and the YouTube links on it. Learn what could happen to transform our money system to the benefit of everyone (except some bankers).
President Jefferson said that the central banking of his time was ‘swindling on a large scale’. President Woodrow Wilson said after signing the Federal Reserve Act that ‘I have unwittingly ruined my country’. Such banking systems are typical internationally to our day.
Read The Free Lunch – Fairness with Freedom for a clear and understandable way ahead. Written in 2002 the book is becoming more relevant with every passing week of this long running crisis.
To order the book: http://www.the-free-lunch.com/