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So far Bob has created 100 blog entries.

The anti-cash lobby – Migrant Remittances

Recent extent of spread of COVID-19

Migrant Remittances are associated with Money Services
Businesses (“MSBs”), where the migrant in question delivers cover for the
payment order in cash, and the MSB transfers the proceeds to the beneficiary,
typically friends and family in the country that is home to the counterpart
community of the one in the sender’s country to which […]

The anti-cash lobby – national or international authorities as fellow travellers

In a previous blog I cited, as fellow travellers of the
anti-cash lobby, national or international authorities charged with enabling
the meeting of UN Development Goals, and accepting that the way these will be
met is through Fintech, rather than on the back of cash.

A prime example of such a national organisation is the UK’s
DfID or the Department […]

The anti-cash lobby – frontrunners, fellow travellers or “useful idiots”?

A taxonomy of the anti-cash lobby is not taxing.

First we have the frontrunners, dissing cash as part of a pump-and-dump strategy to make their own offerings fly commercially:

Crypto (but don’t mention eco to them: a single crypto
transaction consumes the same electricity as Bridlington does in a year)Fintechs proposing their digital or Open Banking
offeringRegtechs proposing their […]

The anti-cash lobby – principals

It must be absolutely obvious who are the principals in the campaign
to eliminate cash – it’s the card issuers and the card brands. Both have
serious financial interests in play.

In the UK the major banks have reduced their branch networks and with it their ATM estates – to cut costs. Theirs is a major cost reduction […]

Leaving your creditors to whistle in the wind – and an £88,000 chunder…

Report on the trial of the miscreant Richard Towne – “the Zeeland Sands Chunderer”

We have done four previous blogs about the punishment of economic crime as recorded in the Old Bailey archives and particularly for the period when we have the “Ordinary’s Account” of the resulting executions.

Now we should move on to the cases of […]

Uttering a forged Bill of Exchange or Promissory Note – it could prove fatal

Extract from “Ordinary’s Account” of executions at the Tyburn on 23rd March 1752

We have recently published three blogs about economic crime
in the modern day and its equivalents in the Old Bailey archives, with special
references to the “Ordinary’s Accounts”: the Newgate prison chaplain’s narrative
about each condemned prisoner and their crime.

Report OA17520323 of 23rd […]

Bit/Stablecoin exchanges – are they “uttering”, passing clipped or counterfeit money?

The heinous crime of Thomas Wood…but he did not get to face the drop.

We have previously examined the archives of Old Bailey
proceedings for precedent offences to those of issuing Stablecoin (“coin
clipping”) and issuing Bitcoin (“uttering counterfeit currency”).

To close the loop we need to take a position on the running
of a Bit/Stablecoin exchange, and to do […]

Bitcoin – is it “Uttering”, which is creating and/or passing counterfeit currency?

The chaplain’s account of the demise of divers traiterous malefactors

The archives of Old Bailey proceedings are detailed in their
coverage of offences to do with the Coin of the Realm, and infringements

In a previous blog we explored whether Stablecoin was an
example of “coin clipping” because, although supposedly backed by fiat
currency, gold, silver or whatever, it was […]

Stablecoin – 21st century coin clipping?

Benjamin Smith’s Treason: Clipping the King’s Coin

I count myself very lucky in the current difficulties for
many things, including having an Open University MA in English local history to
be getting on with. It is 100% remote and can be done on a social-distance or
self-isolation basis, apart from missing out on visiting fusty archives.

The current module is […]

Protecting global financial markets from Eurozone systemic risk

The Euro is a currency without a Eurozone sovereign legal person backing it. Swathes of Eurozone financial assets are rated and accounted for as if there was such a legal person, whereas the backing for these assets is far less impressive.

The consequence is that the Eurozone
financial system is far less well-capitalised than it appears, and […]