MEDIA - And Ordinary Folk

There is an event evening till 10 pm, May 12th at Kings Fund, 11 Cavendish Sq near Oxford and Regent Streets. Click HERE.


The booklet (Breakfast in the Mountains) which you can see HERE is the subject - this will be an historic book.

On other pages:
- Economist says it is 'Superb' 
- Reads like a novel and contains important ideas no one has seen before. It deals with all the topical subjects stability of finance and investments, of the business cycle and money supply, replaces the Keynesian stimulus with a better way, and looks at currency stability from a new angle.

Click Here

Also on this page - A MAIN PROBLEM. If you understand bonds, scroll down - this information will hit you.

Click here for Edward's Newspaper Cuttings, Publications, Risk Management, and Investment performance achieved - without a blip for over two decades.

Click here to see Edward's successful challenge to Dr Fama's then Market Efficiency Paper.

Never forget the Home Page

Edward is an effective campaigner who mostly wins and when he doesn't win he stays the course. He believes in creating financial stability for everyone.

Now he plans a revolution in Financial Stability that will change the economic outlook for everyone. 

It probably amounts to the biggest revolution / advance in Macro-economics that the world has seen since Adam Smith. And it builds on his work. See

The cuttings below tell the tale of Edward's ability and determination to get things done and to put things right no matter what.

To read the pictures, click on them to enlarge, and back-page to return to this page.

Because his clients were not well served by lenders, Edward first embarked on the Mortgage Stability campaign in 1974 with this letter to The Guardian.

This Guardian Letter enabled him to form the first review committee called the Housing From Income Committee based at his offices in Northampton.And from that followed this series published in the Building Societies Gazette -

Although this series was to some extent effective it was not until Turkey actually implemented a version of this mortgage model that anyone actually tried it. But they did not use the advanced version needed and mentioned in this letter to The Times in April 1975:

For news on that Turkish Model Google these words:
"Kanak Patel Turkey Wages linked Mortgages Civil Servants"

Edward has a lot of ideas. Below is what the Business Editor of The Sunday Times wrote:

There was a problem with regulators who wanted to curb the power of financial advisers because some had been issuing false contracts to clients and pocketing their money. Here was Edward's Solution - taking the handling of client money away from advisers:

This is what Garry Heath had to say about this - below at right. Garry said that what has happened since Edward left the UK has been of little benefit - most of the problems that this idea was going to take away still remain.

The idea was dropped as a crisis in the economy distracted everyone as Garry said. But it has been adopted in South Africa since then and works well according to Financial Advisers there.

Two or three fights that Edward did win.
At the start of the Privatization campaign the UK Post Office (and telephones) were thought to be too big to privatize. Edward asked for the accounting numbers and sent then to the CBI. The CBI thanked him and asked what else they may do for him. Not long after that the log-jam was broken.

At left below is his letter to The Times defending the Broker Bond Industry that Edward led and largely created. The battle to save the sector was won.

At right, his debate with a City Broker was won with what he said being circulated to every branch office of one of the insurance companies.

By 2004 Edward thought it was time to raise the alarm over too low interest rates creating property price bubbles with mortgage finance that was not safe.

He got reviews, but the reviews were not encouraging. The Editor of the Shelf Life item ,below in Mortgage Finance Gazette even even wrote, near the end of the Shelf Life article below right, that the lending industry would say Edward's mortgage cost stability idea would prevent them from lending so much. Yes he suggested taht lenders were lending too much to be safe - even for prime loans - which they were because the mandated increase in the cost for the Fed's 4.5 (intended) interest rate hike would have been over 50%; and as we now know, the world is still paying the price for that. And QE is keeping the problem alive - See Edward's Low Inflation Trap and how to end it.

Today Edward has a rising number of supporters for his draft book - it is getting rave reviews for the financial stability that his ideas can introduce right across the whole economy. It is a revolution in the making.

As can be seen on his Blog:

He is campaigning for Financial Stability starting with new structures for Mortgage Finance and Government Bonds. Here is what he is doing as expressed in a letter to the Ludwig Von Mises Institute:

Letter to the editor of the Ludwig Von Mises Institute online
29th Sept 2013

Subject: Something entirely new
Dear Sir / Madam,

This is my first visit to your site as a member.

The reason for writing to you is to permit you to review my ideas which can be found on my blog here:

As the name implies, I am into the structural design of economies first and how to manage the economy following on from that.

I share the views of most great economists, including Ludwig Von Mises and Adam Smith and dozens of others when I say that there should be a way to create sustainable growth in a stable economic environment.

What is different about my approach, and it is fundamentally different judging by the almost total lack of references to be found anywhere on this approach, is that I look at the pricing of debts and currencies and find the structures in use there to be creating wrong prices and unbalancing supply and demand in the process - all done automatically.

When a system like an economy or a human body has lots of symptoms that are caused by a single source such as this, it is normal practice to correct that problem at source and then to stand back and observe what problems remain.

From what I have found by considering what problems may remain there are very few.

An excess of money in the system can be absorbed relatively painlessly if the pricing mechanisms are correctly tuned. So it is a matter of how much base money to create and how to distribute it - basically so that everyone gets some when they spend and in proportion to their spending. This route, spending on everything gets a proportionate boost and no jobs are lost.

With everyone's savings and borrowing costs now well managed and money supply under control what else will cause us a problem?

Currency pricing - which is my current work-in-progress.

This press release can be found using the link below from Newswire.


Edward C D Ingram is an old hand at innovation in the Financial World as seen by a handful of his press cuttings heron the Home page of this Blog. Wherever he ventures, the world around him changes.

He has a capacity to attract the best of a nation's talent onto his teams of thinkers.

Expecting to be higher in the rankings in 2013
Now he is engaged in the formation of two new teams in South Africa, or if there is demand, international teams. 

One on Currency Stability, and one on Financial Stability in the Economies of nations.

With their help and with the help of an increasing number of experts from LinkedIn Discussions, he now plans the biggest and most far reaching changes the world has probably ever seen, even going vack as far as J M Keynes, with the firm intention of fulfilling the ambition that such people as Keynes and Hayek and other famous economists have said can be achieved - a stable economy that allows people to get on with their lives, keep what they have earned, and benefit fully from that which they have earned.

What is different about Edward Ingram is that at School and thereafter, he never assumed that what he was taught was correct. If he could not explain everything from first principles he was not happy. He learned slowly. But he often amazed his teachers after he had caught up during revision time and he got a good mark in the exams.

The outcome was that he was unable to keep pace at university but he was able to explain things even at school which teachers were unable to understand. He would correct them when they were wrong - in class. He was nearly always right. Today we have the benefit that he sees where economics, as taught, has made fundamental errors in the pricing of debt. This makes the whole world of economics unsound and unsafe. It is the hidden cause that everyone is looking for.


HERE is one main debt pricing problem which lies at the centre of current difficulties - take a few moments to have a look at this diagram and the words on it...

FIG 1 - Fixed Price Bonds v Compounding growth of incomes - what are they worth?

You can see the problem. No one knows what a Fixed Interest Bond is worth.

The result is that traders put guessed prices on the bonds and sell them in the stock market, so as predictions of economic growth and other variables change, the price of bonds varies wildly - like this:

FIG 2: USA Bond returns compared to average incomes / GDP (similar) 1980 - 2005

Source: Morgan Stanley Research c/o Money Game Chart of the day. Figures adjusted by Edward for AEG to reveal the true rates of return 1980 - 2010.
The true rate of interest is the marginal rate above the growth rate of GDP. It is a measure of how fast GDP borrowed gets increased in terms of GDP. A 1% true interest rate adds 1% of GDP p.a. to a GDP of debt. AEG% p.a. has been used here - meaning average incomes / earnings growth. It should give a similar result.

The trend line shows that from 1980 the  government was adding to their own debt (if they were not repaying enough), 9% of GDP p.a. at first and this has reduced to almost nothing now due to Quantitative Easing. This is itself enough to explain the ballooning of USA Debt over that period - just the debt servicing costs alone. It is enough to explain much of the rise of the wealthy class over that period.

The dealers who bought and sold every year would get the returns indicated on the blue line. A fictitious dealer that owned a GDP's worth of the debt might have lost some GDP in the first year, but gained 27% or so of a GDP in the following year. These trades are between winners and losers in the market place. They re-distribute wealth that may have taken a lifetime to save. The trend line averages this out.

Get the picture? No one knows what a fixed interest bond is actually worth. The damage done is immense.


Edward can be contacted on Skype as edwarding2
Tel: 0027125475816
Cell: 0027749660660
Other Cell: 00263772900000

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