Archive for November, 2011

George Osborne Has Got Some Money For Small Business

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Just got back from presenting at a European Banking Reform Conference in Prague and woke up to some interesting headlines…

In my YouTube video ‘The Great Depression of 2013‘, I said that following the forecasted credit rating downgrades and further quantitative easing comes change in regulations to patch up the broken ponzi scheme we call our economy and further unemployment.

The ITEM Club, a private forecasting group, said today about half a million jobs will need to go in the public sector, 100,000 more than planned, so George is looking to small business to fill in the employment gap.

Well, as money is debt, obviously he also believes we need to solve our debt problems with more debt according to current policy!

I think George Osborne is spot on looking at small business to drive a recovery, but George’s latest policy means that he is encouraging banks to lend to small business and guaranteeing 20 billion pounds ($31 billion) of loans to small companies to jump start the British economy.

The problem is George, that they are only lending because you are guaranteeing the loans (Just like Fannie Mae in the sub prime crisis) and at the same time you are telling the world to pay off their debt for the sake of the economy.

Do you want more debt (guaranteed by the government) or less debt?

Lending to the productive economy is good, but when done without changing the rules of how money is created in our economy, you are simply guaranteeing the ponzi scheme that will lead to the eventual default and banking crisis I talked about in my last video.

You are now on the hook for a bigger banking bailout when the inevitable happens and that will make the riots bigger when the bailout money is used to maintain bankers bonuses again.

We have been told that the National Loan Guarantee Scheme – the insurance program to underwrite money raised by banks in wholesale markets – may also be expanded to “up to 40 billion pounds”.

Guaranteeing loans and forcing banks to create more money as debt can only lead to further problems.

Couple this with the Bank of England’s 275 billion-pound quantitative-easing program, whereby the central bank creates money to buy government bonds (More money as debt), and we are right on target to my Great Depression of 2013 forecasts.

There are other ways George…

Stop creating money as debt and blessing the banks with a special billion pound subsidy of our privatised money creation sector and change the rules of money and banking.

Stop guaranteeing loans when you are in charge of the most insolvent bank account in the UK.

Here is our way of getting money to small business, but you have to do your part George too – change the rules of money and banking and we are here to help you reach sustainability.

See you at the riots during your next round of banking bailouts.

Oh yeah, the publisher promised me the book ‘Bank To The Future: Protect Your Future Before Governments Go Bust’ will be on Amazon before Christmas. Hopefully we can get a copy to George to put under his Christmas tree with full proposals for business, the government and how to protect yourself.

Give our country the best Christmas present ever and stop banks creating money through loans. Anybody have his address so I can send him a copy?

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Occupy London: Are they wasting their time?

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So after getting an invite to present to the Occupy London people, I enjoyed presenting so much, I wanted to get the recording to you.

So here it is.

I get a little carried away when talking about banking reform, so you may see a side of me you have not seen before.

But I am talking from the core…

Love to hear your comments…

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You are crazy, a liar and a scammer

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When I told the world years ago that banking was unsustainable and due a collapse because of banks ability to create money, I was often called a conspiracy theorist.

When I told economists that their theories are built upon a misunderstanding of money, I was outcasted by academics.

When I told students that most will leave university with pieces of paper, lots of debt and no job, I was hated by university careers advisors.

When I told students and graduates that wanted to work in banking that they should spend less time applying for large banks and more time building contacts at boutique and mid cap financial institutions, I was accused of lying to help my friends recruit for their own financial institutions.

When I told the team at my student training company that I was pulling all sponsorship deals that my company had with the large banks because I wanted to spread my message about banks, they thought it was business suicide.

When I said unemployment is only going down and contracting will replace employment contracts more and more, I was ridiculed.

When I told my clients that the old way of securing careers will no longer work and you will need to adjust to learn more about personal branding, social media, freelancing, building contacts and less on MBA’s and Masters, I was accused of being a scammer trying to sell training courses.

When I said that people need to protect themselves for when governments go bust and default on their debt, they said I need to stop eating coco pops.

Today, they ask me to write a book on it!

With the rise of occupy wall street, countries going bankrupt, banking bailouts and injustice, I have found that more people are willing to listen and act and that the doubters are coming back.

I was asked recently to present with some Members of Parliament on how entrepreneurs and businesses are changing banking, happy to hear your comments…

P.S. Will be presenting at Occupy London on Sunday November 13th @ 11.30 in a marque outside St. Pauls Cathedral if you want to join me (Wish me luck!)

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