Central Banks Bailing Out Wall Street And Big Finance As Crash Looms

By Nick Beams, Wsws.org -

Two actions by US financial authorities this week indicate that the United States will respond to a looming downturn in the global economy by providing, once again, unlimited amounts of cash to [...]

Facebook May Be More Dangerous Than Wall Street

By Ellen Brown, Truthdig. -

Payments can happen cheaply and easily without banks or credit card companies, as has already been demonstrated—not in the United States but in China. Unlike in the U.S., where numerous firms [...]

Pennsylvania’s Public Banking Movement Draws More Support

By The Public Banking Institute. -

Black Business Review’s Marilyn Kai Jewett writes favorably of Pennsylvania’s public bank movement at both the state and municipal levels. A strong municipal public bank coalition has also [...]

The Global Economy Is A Time Bomb Waiting To Explode

By Marshall Auerback, Independentmediainstitute.org -

In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a [...]

World’s Biggest Investors: Tackle Climate Change Or Face Financial Crash

By Damian Carrington, Occupy.com -

Global investors managing $32 trillion issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. [...]

Saudi Arabia Financed The Killers Of American Troops I Commanded

By Maj. Danny Sjursen, Truthdig.com -

It’s time to ask an uncomfortable question: What exactly is the U.S. getting out of its partnership with Saudi Arabia? The answer is: nothing but headaches, human rights abuses and national [...]

Occupy The SEC Submits Letter To Financial Regulators On The Proposed Weakening Of Volcker Rule Regulations

By Staff, OccupyTheSEC.org -

The Volcker Rule was passed as part of the Dodd Frank Act of 2010 in order to help avert another financial crisis similar to the Great Recession of 2008. That crisis was caused in large part by [...]

Another Financial Earthquake In The Making

By Nick Beams, Wsws.org -

The key issue to emerge from the semiannual meeting of the International Monetary Fund (IMF) held in Bali, Indonesia last week is that 10 years out from the 2008 global financial crisis the [...]

A Global People’s Bailout For The Coming Crash

By Adam Parsons, Sharing.org -

A full decade since the great crash of 2008, many progressive thinkers have recently reflected on the consequences of that fateful day when the investment bank Lehman Brothers collapsed, [...]

Bank of America Freezing Accounts Of Suspected Non-Citizens

By Jacob Sugarman, Truthdig -

In recent months, the Trump administration has launched an unprecedented assault on the immigrant community, highlighted by a “zero tolerance” policy that has left as many as 500 children [...]

Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

By Kevin Zeese and Margaret Flowers, Popular Resistance     -

Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of [...]

Global Economy A Giant Debt Scam,What the Financial Elite Don’t Want You to Know

By Andrew O'Hehir, Salon -

Capitalism collapsed in 2008, just as communism had collapsed in 1991 — the system we have now is something else This is an argument Varoufakis has made many times, including in his 2011 book [...]

The United States Has A Second Public Bank

By Rob Blackwell, The American Banker. -

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 [...]

The Public Banking Movement Is Taking Off In The U.S.

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 [...]

This Is US: Student Debt Devours Young And Old

By Lynn Petrovich, End the Illusion. -

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 [...]

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