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By Chalmers Johnson
$16.50
By Chalmers Johnson
$11.03
$22
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peasap (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC?
Posted on Apr 30, 2013
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mahalie (CC BY-SA 2.0)
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By Ellen Brown, Web of Debt —
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.
Posted on Apr 10, 2013
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striatic (CC BY 2.0)
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Paul Craig Roberts was an assistant secretary of the Treasury under Ronald Reagan. Like many Americans, he has been wounded by the government he helped create, and he’s tired of being called offensive and depressing for talking about it.
Posted on Apr 6, 2013
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Max F. Williams (CC BY 2.0)
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By Les Leopold, AlterNet —
North Dakota’s thriving state bank makes a mockery of Wall Street’s casino banking system—and that’s why financial elites want to crush it.
Posted on Mar 30, 2013
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eflon (CC BY 2.0)
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By Ellen Brown, Web of Debt —
Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making.
Posted on Mar 28, 2013
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loop_oh (CC BY-ND 2.0)
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By Ellen Brown, Web of Debt —
For now, the government of Cyprus has overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. But if technocrat bankers can push through their confiscation scheme, precedent will be established for doing it elsewhere when bank bailouts become prohibitive for governments.
Posted on Mar 22, 2013
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Stuart Conner (CC BY-ND 2.0)
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By Ellen Brown, Web of Debt —
Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War.
Posted on Feb 14, 2013
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DonkeyHotey (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
Posted on Jan 18, 2013
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dps (CC BY 2.0)
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By Ellen Brown, Web of Debt —
Taxpayers and governments that are pushed too far have been known to resort to radical policy measures, and there are some on the table that could fix the problem at its core.
Posted on Dec 20, 2012
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therichbrooks (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives.
Posted on Sep 22, 2012
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Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist
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