Broad Oak Magazine

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Denninger points out that if interest rates return to normal, two-thirds of taxes will go out to pay the rent on the debt. He urges default ...

I don't know if there's anything similar in the UK, but if this takes off the system would indeed change. Move Your Money website he...

I listend to Radio 4's Any Questions? last Saturday and a question about bankers' bonuses reared its lovely head. And then the pund...

Banks: "parasites... financial bastards... should never have lent the money in the first place... bankrupt them... nationalise them... ...

Goldman Sachs are on the brink of a massive new consultancy contract, it is rumoured. An unnamed source within the organisation hints that I...

Jesse reports on another big bank about to go down; Karl Denninger speculates that the FDIC is colluding in the cover-up of widespread ban...

We are now getting used to hearing that the UK is the worst-placed among the G20 countries to recover from the credit crunch. One reason is ...

J. S. Kim (htp: Jesse) considers the $700 trillion derivatives market (worth maybe 23 times all the stockmarkets in the world), and notes t...

Mark Wadsworth refers us to this US banking information, from which I extract and interpret the following: This information is a year out o...

It's not just the bankers and the politicians. I'm reading Robert Peston's book " Who runs Britain? " and I'm wond...

The top five U.K. banks have $10 trillion of assets and their GDP is only $2.13 trillion. The whole country could fall into the ocean. The t...

According to Paul Kedrosky ( htp: Tim Iacono ), Hank Paulson and Ben Bernanke scared the wits out of Congress with references to a potentia...

Belatedly, I refer you to Karl Denninger's end-year review and forecast . He sees continuing deflation, and makes a number of other plau...

Could any of the leading nations have retained their moral fibre during the monetary inflation of the last decade and more? Wouldn't pru...

Jesse is not an air-filled doomster, yet here he has become really sombre. Pound heading for parity with the Euro, major banks insolvent, a...

Lord Myners has been criticised for telling the truth too early, i.e. 3 months after the general public could have done anything to save the...

... won't happen. Only a major disaster is capable of breaking the hands that are strangling us. But maybe that is what is now on its wa...

Mish doesn't come across as eager for Armageddon, which make his posts today really worrying. Is it time to get one's cash out of ...

“Good morning, Bank. Customer here.” “Er, good morning...” “I’ve been looking at your account with me –“ “I was going to give you a call...”...