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POPSThe Anti-Ecology of Money #economy #green The article goes on to say that primary goods and secondary goods are subject to negative feedback loops limited by supply which keeps them in some kind of balance. Money is the opposite: working on positive feedback limited only by demand which inivitably leads to bubbles and busts.
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POPS Property rush as billions raised to pick up bargains It may force up the price a bit, so the first wave of investors can make a profit by selling to greater fools. These kind of secondary prices collapses could be common when new markets do not materialise because of lack of demand and lack of need.
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POPSFresh gains add to markets rally Here comes the long awaited bounce, but it is pent up hope, not pent up demand. Still money can be made on the way up. So that is what the banks will do. Governments have made them into a can't lose business. No wonder everyone is investing in banks. Of course, the ultimately the price will be the destruction of national currencies. Some people think that this is the goal of policy, so that a Euro-like global currency will be deployed to save the day. They are, of course, labeled as conspiracy theorists.
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POPSBailed-out banks eye toxic asset buys The US government policy encourages banks to buy the dodgy securities which they are supposed to be selling by using tax payers money to cover the bad risks which the banks are supposed to remove from their balance sheets. Same toxic assets, except now the taxpayer has become liable for the losses, too. Is this all panned by some evil geniuses, or are people making it up as they go along?
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POPSWhy Obama’s new Tarp will fail to rescue the banks The writer is a heavy-weight FT analyst. In simple terms, Obama's TARP policy falls between the two proverbial stools. Giving up the Fed's monopoly on currency, allowing for the blooming of new local, people's currencies is the answer, as it was during the last depression.
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POPSA new year: time for a new economics Forming a committee of the people who got it so wrong is hardly an inspiring recommendation when they are currently trying to douse the flames with "fire hoses full of petrol". New people, not the likes of economists, politicians and "business leaders" should be given a chance. Who? Why, you, of course! Anarchy is not about chaos, it is about self organisation from the bottom up. It is not about toppling elites, it is about getting on without them.
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POPSMADOFF AS METAPHOR My fear is that the destruction of national currencies is part of a plan by the financial elites to set up and enforce a single global currency regulated by the IMF or the World Bank. The right answer, of course, is the opposite, which is to encourage the blossoming of community currencies.
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