Adventures in mutual credit

Stephan Tual, CCO of Ethereum project, penned this helpful article outlining some of the possibilities of the new technology. I recommend you read it.

For those that don't know, Max Kaiser is an independent broadcaster with a thrice weekly program on Russia Today, and he appears occasionally on the BBC and elsewhere. He amplifies all the reporting on financial fraud and rages and sneers entertainingly and informatively at financial terrorists. His partiality, colourful metaphors, and defamatory outbursts make him not a very good journalist, but a master propagandist to whom the Kremlin is happy to give a platform.

Bank of England seems to have gone out of their way to explain, in near comprehensible language, how money is created.

This admission is a great pat on the back for Ben Dyson, who with the team at Positive Money, have been publicly pressing the issue.

A catastrophic chain of events is unfolding across Africa as commodity markets tumble, currencies are sliding, derivative markets are vapourising, and the effects are starting to be felt in the civilised world.

European finance ministers, who only yesterday were trumpeting record stock market highs, are bracing themselves for difficult days ahead.

Rumours coming out of Mali are focusing on a visit of the Chinese Ambassador to the stock exchange. Mustapha Ali, a trader in the Timbucktoo Stock Exchange, blogged this less than an hour ago: