Ann Pettifor

International Financial System

An open letter to the people of Greece: restore the Drachma

Unemployment poster ‘jobless men keep going, we can’t take care of our own’, 1931. We write to encourage you – to urge you on in your resistance. In your defiance, you understand Greece is slave to the interests of private wealth. You must understand too that it is private wealth that needs Greece. Greece does …

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Is the banking system broke, as well as broken?

Much of the news of the last few weeks – the financialised commodities mania; the disgraceful abuse by the banks of payment protection insurance; the mortgage fraud which led US banks to rush through foreclosures without proper process and evict people from their homes;and their  decision reported  in the WSJ to offer a miserly $5 billion to …

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Coming soon: another global financial crash? Capital mobility and the commodity mania

Tin produced at a Glencore plant in Vinto, Bolivia “Experience shows that when policies falter in managing capital flows, there is no limit to the damage that international finance can inflict on an economy.” Yilmaz Akyüz, “Capital Flows to Developing Countries in a Historical Perspective: Will the current Boom End with a Bust?” Today, as …

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The ‘Robin Hood Tax’

10th February 2010 I have a comment in todays Guardian on the new campaign on the Tobin Tax – the ‘Robin Hood Tax’. Click here to read the whole article: Ann Pettifor: “The proposed currency transaction tax (CTT) represents the tiniest grain of sand in the wheels of global, mobile capital, and places very little …

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Unjust for Iceland to Take Sole Responsibility

7th January 2010, Read Ann Pettifor and Jeremy Smith’s letter on why Iceland must NOT repay the debt in the FT today: ” Sir, The president of Iceland’s refusal to approve repayment to the British and Dutch governments should be welcomed (January 5). The pause gives the Anglo-Dutch governments an opportunity to withdraw their demand …

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The Motley Fool, plus You and Yours on Radio 4

The Motley Fool, September 2nd, 2009 Motley Fool blogger TMF Sinchiruna spotlights the Times interview, describing me as “once ridiculed, later vindicated…” TMF Sinchiruna goes on to say: “Peter Schiff, Jim Rogers, Niall Fergusson, Ann Pettifor … these are the voices that I believe investors need to hear. Turn off the tv and look deep …

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Times: Worst of slump yet to come, says economist

Article Published in the Times, September 1st 2009. Photo by Jon Enoch. Ann Pettifor predicted a painful end to the good times. Now she says that only radical action can prevent further gloom Phil Thornton Ann Pettifor is a member of a select club — the seers who saw it all coming. Now the economist, …

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