Islington's anti-capitalist chattering classes?
I saw this the other day, on Raleigh Street in Islington, near one of those new city academies.
Here's Wikipedia's entry on fractional reserve banking. Apparently the anti-capitalist protesters at St Paul's cathedral are holding discussion groups and classes about what the roots of our financial difficulties are, whilst stoutly holding out against the reactionary forces of the right-wing press (try banging "St Paul's protest" into Google today).
I ran this pic past Robert Peston, the BBC's business editor, since he recently appeared in my other blog and is the person I know most likely to say something sensible on this subject. His response was: "Fractional reserve banking is our system. The issue isn't really theft but its stability."
Discuss.
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Here's Wikipedia's entry on fractional reserve banking. Apparently the anti-capitalist protesters at St Paul's cathedral are holding discussion groups and classes about what the roots of our financial difficulties are, whilst stoutly holding out against the reactionary forces of the right-wing press (try banging "St Paul's protest" into Google today).
I ran this pic past Robert Peston, the BBC's business editor, since he recently appeared in my other blog and is the person I know most likely to say something sensible on this subject. His response was: "Fractional reserve banking is our system. The issue isn't really theft but its stability."
Discuss.
* If you'd like to receive posts from this blog directly into your Facebook news feed you could make it so by *liking* its Facebook page.
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