From a Renegade Correspondent
Principles of a Balanced Economy
From a Renegade Correspondent

Principles of a Balanced Economy

Written by Peter Jadinge Monday, 13 May 2013

There are three main reasons why cities and states in the past lost economic balance and declined after achieving the height of prosperity. 

Representational Monetary Identity
From a Renegade Correspondent

Representational Monetary Identity

Written by Mirelo Deugh Ausgam Valis Thursday, 09 May 2013

So what really happens in commercial banking? You might find it quite interesting...

Chaos at Her Majesty's Revenue & Customs
From a Renegade Correspondent

Chaos at Her Majesty's Revenue & Customs

Written by Moraymint Saturday, 06 April 2013
Front page news in the Daily Telegraph today (link below) and billed online as ‘Chaos over biggest employment tax shake-up in 70 years‘. The Daily Telegraph informs us that “under the new ‘Real Time Information’ (RTI) system, more than a million businesses – as well as charities, churches and families who employ nannies or cleaners – must report immediately any wage payments to the taxman ...
UK Economic Growth Forecast Halved
From a Renegade Correspondent

UK Economic Growth Forecast Halved

Written by Moraymint Wednesday, 20 March 2013
For those of us who have spent at least the past 5 years pointing out that the developed world has reached the end of growth, in other words the end of industrial age, cheap-fossil-fuelled-energy rates of economic growth, it’s no surprise to learn that the Chancellor of the Exchequer has today announced a halving of his December 2012 growth forecast for 2013, from 1.2% pa to 0.6% pa.
Cyprus - How Would You React to Being Robbed?
From a Renegade Correspondent

Cyprus - How Would You React to Being Robbed?

Written by Moraymint Sunday, 17 March 2013
It’s important to realise that what’s happening in Cyprus at the moment is seismic.
David Cameron Breaks Wind
From a Renegade Correspondent

David Cameron Breaks Wind

Written by Moraymint Tuesday, 12 March 2013
Once again I've just been reading Jeremy Warner in today's Daily Telegraph (link below) where he's written an article entitled "David Cameron is 'pure wind' on the economy".  Mr Warner makes reference to George Orwell who pointed out that, "political language – and with variations this is true of all political parties, from Conservatives to Anarchists – is designed to make lies sound truthful and murder respectable, and to give the appearance of solidity to pure wind".  Reading Mr Warner's piece got me thinking.
The True Story: Bankers and Banking
From a Renegade Correspondent

The True Story: Bankers and Banking

Written by Moraymint Wednesday, 06 March 2013

Just been looking at the Lloyds Banking Group results.  The Group posted a £570 million loss in 2012.  OK, so we know that the bank is having to make provisions to compensate for its fraudulent selling of Payment Protection Insurance (PPI) and interest rate swap products to the tune of £1,800 million – which masks the Group’s underlying operational performance.

Energy - Reality Intrudes
From a Renegade Correspondent

Energy - Reality Intrudes

Written by Moraymint Wednesday, 20 February 2013
Since around the end of the last century, and certainly within the first few years of the 21st century it seemed clear to me that the only game in town for the coming 25 years – and quite possibly for the next 50 years – would be energy; specifically, mankind’s insatiable appetite for energy, exacerbated by a declining trend in net energy.  In other words, mankind is finding it increasingly difficult to extract worthwhile energy returns on energy invested (or ERoEI as it’s known).
Keep what you make – let’s tax what you take
From a Renegade Correspondent

Keep what you make – let’s tax what you take

Written by Chris Paul Tuesday, 12 February 2013

When asked of her proudest achievement in government Margaret Thatcher said, wryly, and accurately one assumes, "New Labour." She changed the mood music of UK PLC under her watch, and in these times of neo-liberal ascendancy that Thatcher beckoned in, neither Labour nor the Tories will introduce a Hollande style higher income tax bracket so that those who can afford it most contribute more to public finances through their income. 

If Proof Were Ever Needed
From a Renegade Correspondent

If Proof Were Ever Needed

Written by Moraymint Wednesday, 06 February 2013
In one of my recent posts (‘Energy and the Dismal Science’) I said that “our complex society … doesn’t work – it just doesn’t work – unless the economy grows consistently and reliably at around 3% per year … without economic growth the system starts to implode, and pretty quickly at that; honest.”
Energy and the Dismal Science
From a Renegade Correspondent

Energy and the Dismal Science

Written by Moraymint Sunday, 03 February 2013
The man on the Clapham omnibus is unlikely to have heard of Tullett Prebon.  Tullett Prebon is an inter-dealer broker in the wholesale financial markets; Tullett Prebon acts as a link between firms to enable them to trade with each other anonymously; its brokers are the fast-talking middlemen who match buyers and sellers of complex financial products.
Democracy and the power of corporations
From a Renegade Correspondent

Democracy and the power of corporations

Written by Peter Jadinge Sunday, 30 December 2012

Democracy will not work in a jurisdiction where the majority of the electorate lack education, a minimum moral standard, and a sense of citizenship. How can the raw capitalist spirit be tempered to produce sustainability and a great democracy?

Ignore the European lessons and you pay the price - yet again!
From a Renegade Correspondent

Ignore the European lessons and you pay the price - yet again!

Written by Emile Woolf Friday, 28 December 2012
What an interesting year for anniversaries! Exactly thirty years ago Laker Airways went bust and Bill Mackey, Laker's liquidator, left us his own history lesson, which is now part of accountancy folklore.
American debt crisis: The most predictable crisis in history
From a Renegade Correspondent

American debt crisis: The most predictable crisis in history

Written by roger dufur Thursday, 27 December 2012
Politicians have been rattling on about the fiscal cliff during media soap opera hour dodging the full extent of the crisis.
Unbridled capitalism is bad for society
From a Renegade Correspondent

Unbridled capitalism is bad for society

Written by Peter Jadinge Tuesday, 11 December 2012

Unbridled capitalism favors the survival of the fittest even if it means pushing other people into destitution and starvation, creating untold suffering for animals and the natural environment, and depleting and destroying the natural resources of our world.

The present era is not the first or last
From a Renegade Correspondent

The present era is not the first or last

Written by Peter Jadinge Friday, 23 November 2012

Practically the entire world is under control of powerful money interests, whether they be Chinese, Russian, European, American or other oligarchs or trans national organizations. This has not always been the case.

The road to system change
From a Renegade Correspondent

The road to system change

Written by Philip Sadler Saturday, 03 November 2012

Today, beyond any doubt, the desirability of system change is widely accepted. Here is a look into the 3 urgent global problems to address first. 

Wealth Beyond Nations
From a Renegade Correspondent

Wealth Beyond Nations

Written by Tamara van Halm & Michael Byrnes Monday, 29 October 2012
We need to face the inevitable: the global economic crisis may not be resolvable by governments or industry... no matter the tools they use.
Magical Thinking, Meteorology and Economic Forecasting.
From a Renegade Correspondent

Magical Thinking, Meteorology and Economic Forecasting.

Written by Jayarava Saturday, 06 October 2012
By ignoring debt, and thinking magically about economic growth and the operation of markets, the mainstream of economists and politicians have wrecked havoc on the UK economy. We now collectively owe so much that if the net worth of the UK was cashed up and used to pay off private-sector debt, there would be a £2 trillion shortfall. This level of debt is not neutral in an economy. We need a rational approach to private debt.
Is That It Then? The End of the Global Financial Crisis?
From a Renegade Correspondent

Is That It Then? The End of the Global Financial Crisis?

Written by Moraymint Thursday, 30 August 2012
Five years ago this month BNP Paribas locked down its operations on the grounds of a "complete evaporation of liquidity".  A year later Lehman Brothers collapsed.  So, is that it now?  Are we through the worst of the so-called global financial crisis, or is there more to come?
Peak Oil is an Incontrovertible Fact
From a Renegade Correspondent

Peak Oil is an Incontrovertible Fact

Written by Moraymint Wednesday, 29 August 2012
That's not a Renegade Economist headline, by the way; it's a recent headline from a Daily Telegraph article ... which is surprising.  Because, by and large, the mainstream press doesn't do "peak oil".  Peak oil is generally considered by the mainstream media to be that territory owned by swivel-eyed fruitcakes who consider utopia to be all solar panels and wind turbines.  Screaming "peak oil" is merely a conspiratorial means to that utopian end.  Well, let's take a closer look at the subject.
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