By Ellen Brown, Web of DebtJan 19, 2013
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. Dig deeper ( 8 Min. Read )
Alexander Reed Kelly / TruthdigJan 12, 2013
“How do you expect this to play out over the next few years?” host Thom Hartmann asked economist Michael Hudson on "The Big Picture" this week “That’s what everybody’s wondering,” Hudson replied “The economy is going to shrink and shrink and shrink, and the question is whether people are going to go out in the streets or whether there’s going to be an actual response saying it doesn’t have to be this way". Dig deeper ( 1 Min. Read )
By Michael Hudson, ISLETJan 12, 2013
Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt. Dig deeper ( 5 Min. Read )
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Staff / TruthdigJan 4, 2013
This week on Truthdig Radio in association with KPFK: The fiscal cliff is delayed, the 113th Congress is sworn in, the NDAA is signed, the Violence Against Women Act is killed and the LA Times is reborn. Dig deeper
Staff / TruthdigJan 4, 2013
This week on Truthdig Radio in association with KPFK: The fiscal cliff is delayed, the 113th Congress is sworn in, the NDAA is signed, the Violence Against Women Act is killed and the LA Times is rebornThis week on Truthdig Radio: The fiscal cliff is delayed, the 113th Congress is sworn in, the NDAA is signed, the Violence Against Women Act is killed and the L. Dig deeper ( 1 Min. Read )
Alexander Reed Kelly / TruthdigJan 3, 2013
The second installment of Michael Hudson’s status report on the U.S. economy identifies debt as the financial sector’s key weapon in the push to extract wealth from governments, companies and families. Dig deeper ( 2 Min. Read )
Alexander Reed Kelly / TruthdigJan 2, 2013
Economists predicted the fighting would last six months when World War I broke out in 1914. Wars were too expensive to be sustained, and the approaching fiscal cliffs would soon enough force the nations involved to negotiate a peace treaty. But they didn’t, because those governments simply printed more money, Michael Hudson writes in the first of a series at CounterPunch. Dig deeper ( 3 Min. Read )
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