Washington, DC — American Samoa is finally getting its own full-service bank — and successfully creating only the second public bank in the United States.
The Federal Reserve is allowing the [...]
By Margaret Flowers and Kevin Zeese, Clearing the FOG. -
Public Banks exist around the world. They are used to hold public dollars, such as taxes and fees, to keep the money local so it serves the public interest, instead of giving it to Wall Street [...]
Over the past decade, through tax preparation work – both pro bono and paid - I’ve seen many student loan borrowers who, like Monica, have struggled not only to make ends meet, but also try to [...]
The government, too, had to be enslaved by debt. It could not be allowed to simply issue the money it needed to meet its budget, as Lincoln’s government did with its greenbacks (government-issued [...]
By Chris Hedges for Truth Dig - The disease of globalized corporate capitalism has the same effects across the planet. It weakens or destroys democratic institutions, making them subservient to [...]
By Marcus Stanley for Inequality - Goldman Sachs has been a conspicuous presence at the scene of one disaster after another in the past half century. The bank is a leader in a Wall Street [...]
By Ellen Brown for Web of Debt. During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to [...]
By Jack Rasmus for Counter Punch - As central bankers, finance ministers, and government policy makers head off to their annual gathering at Jackson Hole, Wyoming, this August, 24-26, 2017, the [...]
By Clara Herzberg for Truthout - Once known by terms like "asset strippers" or "corporate raiders," activist investors -- shareholders who take large stakes in a company and pressure or replace [...]
By Eleanor Goldfield for Act Out! The G20 has historically been a meeting of bankers and finance ministers. Indeed, it wasn’t until 2008 that the first summit was held in Washington, DC as the [...]
By Ellen Brown for the Web of Debt Blog. United States - May 15-19 has been designated “National Infrastructure Week” by the US Chambers of Commerce, the American Society of Civil Engineers [...]
By Jan Strupczewski and Michael Nienaber, www.reuters.com -
By Jan Strupczewski and Michael Nienaber for Reuters - Opposition from the United States, Saudi Arabia and others has forced Germany to drop a reference to financing programs to combat climate [...]
By Jim Lardner for Inequality.org - Wall Street will set still another record for political spending this election cycle. So far in 2015 and 2016, banks and financial interests have put more than [...]
By Kevin Zeese and Margaret Flowers, www.PopularResistance.org -
By Kevin Zeese and Margaret Flowers for Popular Resistance. The 2016 presidential election has shown how the duopoly, the two parties that represent big business interests and the wealthiest, are [...]
By Michael Hudson for Counterpunch. The media in the United States have treated the British vote against remaining in the European Union (EU) as if it is populist “Trumpism,” an inarticulate [...]
