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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  • User AvatarPeter Martin 7th Aug - 4:37pm
    ‘labourism' ??? 'Socialism', or 'The Labour Movement', 'The labour Party' or maybe just 'the Party'. These are the terms used by Labour supporters and members....
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    I don't expect a great Presidency from Biden, but hopefully he will rejoin the WHO (World Health Organisation), tone down the hectoring of NATO and...
  • User AvatarTom Arms 7th Aug - 2:48pm
    Theakes, Rather than challenge almost every credible analyst of US elections, I think it would be more constructive if you discussed the substance of my...
  • User AvatarDavid Raw 7th Aug - 2:30pm
    @ Tony Hill Thanks, Tony, understood, ...... and I was trying to develop your point. In terms of the party itself, I wonder what efforts...
  • User Avatartonyhill 7th Aug - 2:03pm
    David Raw - I was actually agreeing with you. I haven't posted much here recently but during the Coalition years I was highly critical of...
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    @Michael BG I think it comes down to trust and competence. I trust Layla Moran to work with the Labour party. I trust Ed Davey...