Nomi Prins / TruthdigFeb 21, 2018
Market forces are colliding as another U.S. financial crisis brews. Meanwhile, sit tight on the roller coaster. Dig deeper ( 8 Min. Read )
Martin Crutsinger and Ken Thomas / APNov 2, 2017
Jerome Powell, a Federal Reserve board member, is seen as a safe choice who represents continuity. Dig deeper ( 4 Min. Read )
By Ellen Brown, Web of DebtSep 1, 2014
The September/October issue of Foreign Affairs features an article titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on? Dig deeper ( 7 Min. Read )
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Alexander Reed Kelly / TruthdigFeb 23, 2014
"Hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis," The New York Times reports. Dig deeper ( 2 Min. Read )
By Ellen Brown, Web of DebtDec 8, 2013
Congress has the power to amend the Fed -- just as it did in 1934, 1958 and 2010. For the central bank to satisfy its mandate to promote full employment and become an institution that serves all the people -- not just the 1% -- the Fed needs fundamental reform. Dig deeper ( 8 Min. Read )
By Mike Whitney, CounterPunchOct 5, 2013
There is a tradeoff for all the loot Obama’s friends have been pilfering from working people, and that tradeoff is trust. Americans no longer have confidence in the government, the market or the justice system. And while the effects might not appear in the next month or two, there are sectors of the economy that are showing signs of weakness already. Dig deeper ( 8 Min. Read )
By Ellen Brown, Web of DebtAug 26, 2013
Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How did they pull this off, and where did they get the money? Dig deeper ( 7 Min. Read )
Tracy Bloom / TruthdigJul 28, 2013
Since taking office earlier this year, Sen. Elizabeth Warren, D-Mass, has been a staunch consumer advocate, a champion of the middle class and a thorn in Wall Street’s side, which is why we should pay close attention to whom she’s backing to replace Ben Bernanke as head of the Federal Reserve. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 26, 2013
President Obama seriously wants to nominate one of the men who caused the recession to chair the Fed; researchers are finding many animals, especially rodents, are smarter than the average human; and Detroit is suffering because of the auto industry's utterly capitalist decision to put shareholders before everyone else. These discoveries and more after the jump. Dig deeper ( 2 Min. Read )
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