Tag Archives: goldman sachs

Opinion: Do Banks Rule the World?

Last week many of us may have witnessed the sickening spectacle of watching a city trader declaring that Goldman Sachs rules the world… among other insights, such as how he lays awake at night fantasising about another economic depression.

If money rules the world, then surely whoever rules the world controls the money supply?

Many of us would, therefore, assume that the Bank of England creates money and regulates its supply to the economy, thereby controlling inflation and interest rates. However, whenever we look to finance a house, car, business project, etc, we invariably turn to the banks (in the …

Posted in Op-eds | Also tagged , , , , , , and | 9 Comments
Advert

Recent Comments

  • Dan Carr
    I commend you Christian for noting what you personally plan to do rather than calling for government regulation to enforce the maintenance of your preferences. ...
  • Jack Meredith
    @Matt (Bristol( WOW, you literally did call it!...
  • PM
    @ Mick, We agree that the triple lock should be maintained . We disagree that the burden should fall mainly on the younger generation. This is what your " w...
  • David Allen
    Selfish comment: I'm 76, healthy for now, live in a small village, couldn't easily cope without a car. One day, I might become unable to drive. Then, despite ...
  • Peter Davies
    Driverless cars are not just a replacement for Black Cabs which make up a small proportion of the hire market. They will replace minicabs first but expect them ...