Fed Guarantees Unproductive Debt And Perilous Speculation

By Ralph Nader, Nader.org. -

The Federal Reserve Board – our unaccountable Central Bank – needs more citizen and Congressional supervision. Fees from financial institutions fund its operations, not Congressional [...]

The Fed Is Bailing Out Polluters While Cities Struggle

By Kate Aronoff, The New Republic. -

Ever since bailout talk began this spring, climate campaigners have worried funds would be funneled to Big Oil and other polluting giants. Now it seems that fear was more than justified. While [...]

Initial Reflections On ‘Debt Jubilee’, MMT, And Limits Of Monetary Policy

One of the readers of this blog recently asked me my views on topics such as the call by some left economists for a general debt forgiveness (Debt Jubilee), on Modern Money Theory (MMT or [...]

Crushing The States, Saving The Banks

By Ellen Brown, Web of Debt. -

Congress seems to be at war with the states. Only $150 billion of its nearly $3 trillion coronavirus relief package – a mere 5% – has been allocated to the 50 states; and they are not allowed to [...]

How State Officials Can Save Main Street With Three Urgent Actions

By the Public Banking Institute. -

As states and cities face a tsunami of emergency expenses, collapsing tax revenues, and a shrinking bond market, we wanted to bring to your attention some new funding possibilities that have [...]

A Universal Basic Income Is Essential And Will Work

By Ellen Brown, The Web of Debt Blog. -

According to an April 6 article on CNBC.com, Spain is slated to become the first country in Europe to introduce a universal basic income (UBI) on a long-term basis. Spain’s Minister for Economic [...]

Lone Watchdog Demands Federal Reserve Release Names Of Corporations Receiving Taxpayer Bailouts

By Jake Johnson, Commondreams. -

The lone watchdog on a congressional committee formed to oversee the Trump administration's handling of a multi-trillion-dollar coronavirus bailout package demanded Wednesday that the Federal [...]

No Turning Back After Central Bankers’ ‘Seismic Stimulus Shift’

By Francesco Canepa and Balazs Koranyi, Reuters. -

The tools used by the Federal Reserve and the central banks in the euro zone and Japan differ slightly but they mostly involve new, massive purchases of financial assets and cheap credit for [...]

Was The Fed Just Nationalized?

By Ellen Brown, Popular Resistance. -

Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the [...]

On Market Solutions To The Covid-19 Crisis

In 2008 the Federal Reserve provided more than $4 trillion to bail out the banks. Now it is providing more than $6 trillion (thus far)—and this time the banks haven’t even failed yet! The Fed [...]

The Federal Reserve Dictatorship Runs Amok Against Savers

By Ralph Nader, Nader.org -

If you are a saver in a money market account or in a bank, you’ve already noticed your dwindling interest income as interest rates have been at their lowest in modern American history. Well, [...]

Is The Run On The Dollar Due To Panic Or Greed?

By Ellen Brown, Truthdig.com -

What’s going on in the repo market? Rates on repurchase (“repo”)  agreements should be about 2%, in line with the Federal Reserve funds rate. But they shot up to over 5% on Sept. 16 and got as [...]

Another Look At The Federal Reserve’s Panic In September 2019 And Solutions To The Crisis

By Eric Toussaint, Cadtm.org -

You may recall that from 17 September 2019, the United States Federal Reserve injected massive amounts of liquidity into banks due to a quite abnormal situation on the repo market [1]. [...]

QE Forever: The Fed’s Dramatic About-face

By Staff, Ellenbrown.com -

“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in [...]

How And Why Trump Should Take Control Of The Fed

By Ellen Brown, Ellenbrown.com -

For nearly half a century, presidents have refrained from criticizing the “independent” Federal Reserve; but that was before Donald Trump. In response to a question about Fed interest rate policy [...]

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