Steve Baker (Wycombe) (Con): I beg to move, That leave be given to bring in a Bill to require certain financial institutions to prepare parallel accounts on the basis of the lower of historic cost and mark to market for their exposure to derivatives; and for connected purposes. I rise […]
Read MorePost Tagged with: "Banking"
ConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the light
Last year, I learned how derivatives can be used by banks to manufacture the illusion of profit. Tomorrow, I am introducing a ten-minute rule bill which would bring this casino banking into the light. Read more via ConservativeHome’s Platform: Steve Baker MP: It’s time to bring casino banking into the […]
Read MoreBank reform: a radical Conservatism
A presentation made at Conservative Spring Forum on Saturday – Bank Reform: a radical Conservatism (PDF, 2.5MB): Thanks to all those who attended this Selsdon Group fringe and gave such warm feedback.
Read MoreInflation Is Here, and It Is Going to Get Worse – Frank Shostak – Mises Daily
A great lesson on inflation from Frank Shostak appears on mises.org, including this quote from Ludwig von Mises: Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to […]
Read MoreThe Crime Known as Quantitative Easing » The Cobden Centre
Via The Cobden Centre, The Crime Known as Quantitative Easing, a superb article by Robert Sadler: Rather helpfully, on the Bank’s website there is an explanation of how Quantitative Easing was supposed to improve the economy. Quite clearly, the Bank explains that they purchased British Government bonds (gilts) and high quality (investment […]
Read MoreIncompetence at the Federal Reserve
Via The Cobden Centre, astonishing remarks from the Federal Reserve Inspector General, who doesn’t know who received trillions of dollars from the Fed:
Read MoreCover article in Business First Magazine: It’s not enough to bash the bankers.
Business First Magazine has published a cover story by me and my Cobden Centre colleague Robert Sadler, It’s not enough to bash the bankers. In the article, we argue that the collapse of the present banking orthodoxy is inevitable. So-called “quantitative easing”, plus the inflationary combination of central banking with […]
Read MoreAttack of the vampire squid
As you can see, some of my Cobden Centre colleagues in finance are not afraid to call the banking system a “vampire squid”. And then along came this video as part of a campaign for bank reform: Happily, as a Director of The Cobden Centre, I am ahead of this […]
Read MoreThe BBC’s Robert Peston – Britain’s Banks: Too Big to Save?
My Cobden Centre colleagues Toby Baxendale and Gordon Kerr appear in this documentary by Robert Peston, Britain’s Banks: Too Big to Save? It’s not bad at all but it’s vital we shift the focus from bashing bankers, which may be satisfying, but which is a sideshow compared to the flaws in […]
Read MoreBagehot’s REAL opinion » The Cobden Centre
Walter Bagehot was the author of the seminal 1873 book on banking Lombard Street: A Description of the Money Market (read online, buy), which seems often to be taken as a justification for the present monetary orthodoxy, including the actions of central banks: I know it will be said that in […]
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![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n-320x320.jpg)
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n.jpg)
