London Global Open Table: 14th July 2010

The Global Table meets Wednesdays 12noon-2pm at the School of Economic Science, 11-13 Mandeville Place, W1U 3AJ. From Bond Street tube, turn left/west into Oxford Street, when you see GAP on the other side, cross over and go right/north along James Street – after a couple of blocks you will come to it on the left.

MATTERS IN THE AIR …. Reminding each other of opportunities before us:

The Times had a letter on July 8th seeking a Royal Commission on the Economy – report on outcomes.
The FT had an article on July 8th by Michael Hudson on the colection of location value for the community – report on outcomes.
Two considerable steps along the hard and pot-holed pilgrim way,

2. Refreshing visit from Chris Cook last week – keep in touch with his work on partnerships and equity based finance on and

3. Global Vision 2000 announces
a House of Lords meeting.

4. CEJ seminar – report progress on collaboration in identifying the integrity of land and monetary reform

5. Call4Reform and the BofE Act – poised for launch – Leaflet for Compass conference

6. Any reports on follow-up to Baroness Kennedy, Michael Meacher, Frank Field, M Hudson, Martin Wolf, Paul Krugman, Paul Watson , Neale Upstone, Will Hutton.

7. Work Fdn report on the ‘Future of Work’ – f’u with Will Hutton and senior research Officer, Wilson Wong. For staggering insight into rates of change see – .
The full report can be accessed freely from Please feel free to pass it along.

7. Some big lies of Science – including the ‘money lie’ extracted from …..

8. The Coalition for Economic Justice is meeting on Basic Income
July 21st 6-9 at the School of Economic Science
This will focus on the relationship of basic income to the collection of location value and publicly created money supply.
The Table has four places in the meeting. Would you wish to take up one of those? First come, first reserved.

9.Robert Howell’s 3 charts as .ppt slides

10. How could we use this site. Bring your ideas!1

11.James Robertson – Newsletter No. 31 – July 2010 The full Newsletter can also be viewed at

Crisis of Capitalism animation – an attractive presentation by David Harvey produced by the RSA at on why capitalism will not work.

PERTINENT PICKINGS from the week ……………….

GREETINGS FROM NZ – You may find this link of some interest (pun intended!) Trevor Crosbie

Economic Crisis: The Next Round of Financial Slaughter – The G-20 Summit Charade – By Matthias Chang Global Research, June 29, 2010

“Trustees of the global commons will say that we all share minds, life and matter, and therefore, no one may own the Earth.” – James Bernard Quilligan – Chairman for the Secretariat of Global Commons Trust, and Chairman for Global Commons Affairs of the International Renewable Energy Organization.

Are you taking part in the Finance Lab?
This a piece from the FT which refers to a ‘secret’ IMF report outlining proposals for regulating, reforming or taxing banks. I’ve hardly looked at it, but the Swedes are evidently introducing a levy on the loans on bank balance sheets. I concluded that this was the nearest approximation to capturing seigniorage in the current economic set up. The report is here:-

See: Charles Bazlinton is a UK-wide campaign to reform the financial system. We have one request – that the power to create money is taken away from profit-making entities (the high street banks), and returned to the state. Doing so would allow us to:
phase out the national debt, saving £100 million per day in interest costs
– reduce the tax burden by up to 30%, permanently, or increase government services with no increase in taxation
– Save 60% on the cost of public infrastructure projects (such as schools, hospitals and public transport), by removing the need to borrow this money and pay interest over 30 years
– Significantly reduce the risk of future financial crises
– Significantly improve the stability of the banking sector, protecting depositors and the taxpayer
– Create a more stable currency and consequently a more stable economy


Note that ‘Matters in the Air’ for the following Wednesday fall into place as matters arise and can be seen at each stage on Let Peter know if you have anything to add or ask.

David Pidcock and Rodney Shakespeare spread our modest but significant inf
by their attendance at….
World Conference on Riba in KL Malaysia November 2010
“The most powerful force in the universe is compound interest.” Albert Einstein

Exposing the The FED. in just 2 minutes

Connie Fogal’s word of Encouragement