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By Peter Gosselin
$17.79
By Shalom Auslander
$35
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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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Once upon a time American banks supported the economy by financing the growth and development of industry. For the last many decades they’ve had the opposite effect by plowing money into existing assets and loading the economy down with debt. The consequences have been disastrous, economist Michael Hudson told The Real News Network this week.
Posted on Mar 30, 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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Danielle Walquist Lynch (CC BY 2.0)
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By Ellen Brown, Web of Debt —
Will a publicly owned bank help Scotland avoid unnecessary debt and take control of its economic destiny as North Dakotans did in the U.S.?
Posted on Dec 7, 2012
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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