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
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Recent Comments

  • User AvatarJock Coats 8th Apr - 3:33am
    David, diabetes was a bad one to start off with as an example. Ultimately, all the epidemiology suggests that "the state" has caused the increase...
  • User AvatarJames Bliss 8th Apr - 2:04am
    @David Raw "Well, James, best of luck when you drive in a bus lane during peak hours and decide that the £ 60 fine is...
  • User AvatarMichael Sammon 8th Apr - 1:57am
    Good article Tom and like any solid argument, it has been straw manned to death in the comments. I can possibly see a case for...
  • User AvatarWilliam Francis 8th Apr - 1:51am
    @Alistair "Rather than simply reducing sugar companies have loaded up their products with sweeteners which are not healthy," And sugar is healthy? I have yet...
  • User AvatarJoseph Bourke 8th Apr - 1:12am
    Michael BG, if benefits were a long-term solution to poverty you would think we might have got there 76 years on from the Beveridge report....
  • User AvatarWilliam Francis 8th Apr - 1:01am
    @Lee Allane You are conflating silence with lack of media coverage.
Mon 27th Apr 2020