There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they are conduits for tax avoidance havens for the top 1% and the multi-nationals.
The global economy is consuming 100 billion tonnes of materials a year for the first time ever, but the cycling rate of resources has gone into reverse. Read here
Catalonia inexorably makes its way. Read here
“I am maintaining my view that the current inflationary spikes are being driven by the total abnormal circumstances the world has found itself in as a result of the pandemic.” Read Here
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