Battle of our wallets and freedom

Paying in cash, like using a payphone or typewriter, is often sniffed in our cashless society, as your pound and penny coins, and notes are treated as inconvenient and dirty products of the past, and wonder who gets left behind? Are we seeing the end of true privacy as the cashless future take-over? You could pay…

$1 Trillion Crypto Crash

  A $1 trillion crypto crash wipes out the price of Avalanche, Bitcoin, BNB,  Cardano, Ethereum, and Solana. Two main cryptocurrencies Stablecoins from the crypto project Terra have gone into free fall prompting the incident of a Ponzi scheme akin to the collapse of Lehman Brothers which precipitated in 2008 financial crisis. UST created by…

Banks have a duty of care for the elderly’s online issues

Many old and elderly although they are mentally alert but suffer agonies coping with vagaries of online banking are ill-served online by British banks. Some instructions are ambiguous or contain the usual jargon, and carrying out a simple task often requires multiple attempts, and gets more frustrated.  To ask for help on the telephone could…

Servant of Tycoons

“Londongrad” is a phenomenon brought to the fore by Vladimir Putin’s savage attack on Ukraine, with Britain’s Liz Truss slamming the Oligarchs and their associates on the floor of the House of Commons. The British establishment and its financial system provide for dirty money from the post-Soviet era and elsewhere may be seen as an…

Cost of living to go up!

Pictures R Nair Chancellor Rishi Sunak is in talks with Bank of England to head off the “cost of living cataclysm” as interest rates lift to 0.5%, from 0.1 per cent in December. Higher interest rates make borrowing more expensive, higher mortgage costs, higher gas bills and harder choices during grocery shopping. Some lenders raised…

Age of ZIRP: Fed’s fateful decision to turn the liquidity to spigots

Christopher Leonard, the New York Times business journalist, infiltrates  the Federal Reserve to show how its policies steered by Chairman Jerome Powell over the past ten years have accelerated income equality and put America’s economic stability at risk. The press credited the Fed when the economy grew and also when the economy imploded in 2008,…

Money behind the tech revolution

Award-winning financial historian delves into character-driven story of venture capital and the world it made. “Innovations rarely came from experts” Jeff Bezos, Elon Musk was not in the auto industry.  When it comes to innovation, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at…

NatWest fined £265m for literally money laundering in bin bags

  NatWest contributed to anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited, and sums so large that one branch’s two floor-to-ceiling safes proved “inadequate” for storing it all. The Bradford Jeweller Fowler Oldfield’s predicted annual turnover was £15m when first taken on as a client, but it ended up depositing…

China fastest growing global superpower

In The Long Game, Rush Doshi, advisor on China in the Biden White House, draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, and memoirs by party leaders, to demonstrate that China is in fact playing a long, methodical game to replace America as a regional and…