LATEST NEWS : The era of the mega-bank is over – it's time to let them fail

Seven years after the start of the financial crisis, banking reform is still very much a work in progress. Or should that be regression? The only constant is that the burden of regulatory requirement and diktat keeps on growing. Little good does it seem to be doing either. Yet “job only half done” remains very […]

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LATEST NEWS : The dollar's 70-year dominance is coming to an end

In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War. continue reading at telegraph.co.uk

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LATEST NEWS : Juncker is galling for Britain, but life-threatening for France and Italy

The sovereign parliaments of Europe are victims of a constitutional sleight of hand, though some acquiesce more easily than others. The Cromwellian method by which Jean-Claude Juncker was foisted upon the nation states is a breach of the Treaties. continue reading at telegraph.co.uk  

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LATEST NEWS : Junk Juncker and the whole EU crew

SIR – As Ambrose Evans-Pritchard indicates, Jean-Claude Juncker dislikes Britain with an abiding passion. As an arch-federalist, he will ignore the cries of European electors, just as he did the French and Dutch when they voted against the EU Constitution. With Germany’s Bild Zeitung now stating that Britain should leave the EU if we cannot accept […]

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LATEST NEWS : Europe has an even bigger crisis on its hands than a British exit

If Europe’s policy elites could not quite believe it before, they must now know beyond much doubt that they have lost Britain. This island is no longer part of the European project in any meaningful sense. British defenders of the status quo were knouted on Sunday. UKIP won 27.5pc of the vote, or 29pc after […]

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China's 'Tobin Tax' debate stings City hopes for offshore trading boom

Britain’s bid to become a global hub for trading in Chinese assets has run into a major snag after a top Chinese official suggested a ‘Tobin Tax’, a levy on financial transactions to curb capital flows. Yi Gang, director of the State Administration of Foreign Exchange, called for an “in-depth study” of a Tobin tax, […]

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Great dollar rally of 2014 as Fukuyama's History returns in tooth and claw

We enter the year of the all-conquering US dollar. As the global security system unravels – with echoes of 1914 – the premium on the world’s safe-haven currency must rise. The effect is doubly powerful since the US economy is simultaneously coming back to life. America has shaken off the most drastic fiscal tightening since […]

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Reality check: we cannot consume our way to balanced recovery

Rejoice. Like the economy, the UK public finances are at last moving in the right direction. October is an important month for corporation tax inflows, and most of the anecdotal evidence is that with an improving economy, they are picking up nicely. Add in expected increases in taxes from the housing market – and with […]

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Reports of the survival of the eurozone may have been greatly exaggerated

Just when you thought it was safe to go back into the water… Last week’s surprise interest rate cut by the European Central Bank(ECB) may have been taken as good news by the markets, but it was largely a response to the looming danger of deflation in the eurozone. And that is not good news at […]

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Factional conflicts have the power to destroy empires – and republics

“The US Founding Fathers abhorred factions. The 10th Federalist Paper by James Madison in 1787 is a study of how to defend the fledgeling republic against the dangers of organised zealotry, the curse that blighted earlier republics in world history.”   Continue reading on telegraph.co.uk

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