Posted on March 1, 2010 by Ellen Brown |
In addition to mandatory private health insurance premiums, we may soon be hit with a “mandatory savings” tax and other belt-tightening measures ushered in by the President’s budget task force initiated on February 17. These radical austerity measures, however, are not only unnecessary but will actually make matters worse. The push for “fiscal responsibility” is […]
Filed under: Ellen Brown Articles/Commentary |
59 Comments »
Posted on December 12, 2009 by Ellen Brown |
Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules. Read more here – http://www.webofdebt.com/articles/eu_imf.php
Filed under: Ellen Brown Articles/Commentary |
46 Comments »
Posted on October 2, 2009 by Ellen Brown |
“A year ago,” said law professor Ross Buckley on Australia’s ABC News last week, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.” The IMF may have catapulted to a more exalted status than that. According […]
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8 Comments »
Posted on March 13, 2023 by Ellen Brown |
On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in […]
Filed under: Ellen Brown Articles/Commentary | Tagged: banks, BIG TECH, derivatives, economy, Fed, FINANCE, money, public banking, SILICON VALLEY BANK |
26 Comments »
Posted on December 10, 2022 by Ellen Brown |
The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy? “There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when he […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Bank of North Dakota, banks, Danielle DiMartino Booth, economy, Fed chair, Fed put, Federal Reserve, Inflation, Jerome Powell, NATIONAL INFRASTRUCTURE BANK, public banking, quantitative easing, Reconstruction Finance Corporation, supply chains, THE FED, Tom Luongo |
51 Comments »
Posted on July 28, 2022 by Ellen Brown |
Rather than making money harder to get, the U.S. government needs to focus on the other side of the demand vs. supply equation. In prescribing cures for inflation, economists rely on the diagnosis of Nobel laureate Milton Friedman: inflation is always and everywhere a monetary phenomenon—too much money chasing too few goods. But that equation […]
Filed under: Ellen Brown Articles/Commentary | Tagged: 2022 INFLATION, Ellen Brown, FED INFLATION, Inflation, interest rates, LAWRENCE SUMMERS, Lockdown, Paul Volcker, public banking, US INFLATION |
18 Comments »
Posted on May 5, 2022 by Ellen Brown |
We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions. In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped […]
Filed under: Ellen Brown Articles/Commentary | Tagged: covid-19, DAVOS, Ellen Brown, EURASIAN JUBILEE, Great Reset, JUBILEE, MONETARY RESET, pandemic, Sergei Glazyev, WEF, WORLD ECONOMIC FORUM |
10 Comments »
Posted on April 5, 2022 by Ellen Brown |
No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Global Reserve Currency, Gold Standard, Matt Ehret, Michael Hudson, Pepe Escobar, Petrodollar, Petroruble, Putin, Ruble, Russia, Russian Oil, Sergei Glazyev, Ukraine, Ukraine Conflict |
28 Comments »
Posted on February 13, 2022 by Ellen Brown |
Inflation is plaguing consumer markets, putting pressure on the Federal Reserve to raise interest rates to tighten the money supply. But as Rex Nutting writes in a MarketWatch column titled “Why Interest Rates Aren’t Really the Right Tool to Control Inflation”: It may be heresy to those who think the Fed is all-powerful, but the honest answer […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Bank of North Dakota, economy, Ellen Brown, Fed, FED REFORM, Federal Reserve, FEDERAL RESERVE ACT, Great Reset, IMF, Inflation, interest rates, WEF |
20 Comments »
Posted on November 23, 2021 by Ellen Brown |
Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong […]
Filed under: Ellen Brown Articles/Commentary | Tagged: banking, CBDC, CENTRAL BANK DIGITAL CURRENCY, china, Dodd-Frank, DOLLAR, FDIC, Federal Reserve, GREAT DEPRESSION, IMF, OMAROVA, PRESIDENT BIDEN, Trump and the Fed |
13 Comments »
Posted on May 19, 2021 by Ellen Brown |
The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done? In a matter of decades, the United States has gone from a largely benign form of capitalism to a neo-feudal form that has created an […]
Filed under: Ellen Brown Articles/Commentary | Tagged: 2020 Lockdowns, Bill Gates, capitalism, Covid-19 Pandemic, Ellen Brown, Elon Musk, Jeff Bezos, Michael Hudson, Philanthrocapitalism, StarLink, Technofeudalism, Warren Buffet, Wealth Gap, Yanis Varoufakis |
23 Comments »
Posted on August 22, 2020 by Ellen Brown |
Mayhem in Melbourne On August 2, lockdown measures were implemented in Melbourne, Australia, that were so draconian that Australian news commentator Alan Jones said on Sky News: “People are entitled to think there is an ‘agenda to destroy western society.’” The gist of an August 13th article on the Melbourne lockdown is captured in the […]
Filed under: Ellen Brown Articles/Commentary | Tagged: coup d'etat, covid-19, Great Reset, Imperial College London, Lockdown, mandatory vaccination, Melbourne, PCR test, police state, surveillance |
55 Comments »
Posted on January 10, 2020 by Ellen Brown |
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now […]
Filed under: Ellen Brown Articles/Commentary | Tagged: banks, economy, Fed, Federal Reserve, hedge funds, helicopter money, interest rates, loans, markets, MMT, public banking, repo market, speculative loans, stocks, trade |
28 Comments »
Posted on October 24, 2019 by Ellen Brown |
This 10-page paper was written for the Economics of Happiness Conference co-sponsored by Local Futures, held in Jeonju, Korea, on October 16-17, where I was the keynote speaker — a wonderful city and great experience! Satisfaction in the workplace is a major component of the “happiness” index; but it is a satisfaction that young […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Economics of Happiness, Korean economic miracle, public banking, South Korean economy |
5 Comments »
Posted on September 18, 2019 by Ellen Brown |
Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves. Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at the annual meeting […]
Filed under: Ellen Brown Articles/Commentary | Tagged: central banks, economics, Ellen Brown, Federal Reserve, helicopter money, IMF, Mark Carney, Nationalize the Fed, public banking |
20 Comments »
Posted on August 9, 2019 by Ellen Brown |
When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have been raising rates. The […]
Filed under: Ellen Brown Articles/Commentary | Tagged: currency war, free markets, International Monetary Fund, neoliberal economic policies, public banking, trade war |
26 Comments »
Posted on April 22, 2018 by Ellen Brown |
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Fed tightening, Federal Reserve, FOMC, interest rates, LIBOR, public banking |
23 Comments »
Posted on June 11, 2017 by Ellen Brown |
Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model. Responding […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Federal Reserve, interest on excess reserves, interest rate hike, normalization policy, public banking |
48 Comments »
Posted on December 21, 2016 by Ellen Brown |
It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored. On December 4, 2016, Italian voters rejected a referendum to amend […]
Filed under: Ellen Brown Articles/Commentary | Tagged: bail-in, ECB, European banking union, Italian banking crisis, public banking, quantitative easing |
39 Comments »
Posted on March 13, 2016 by Ellen Brown |
Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty. The brief visit of then-Secretary of State Hillary Clinton to Libya in October 2011 was referred to by […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Clinton emails, Great Man-made River, Libya, Qaddafi |
55 Comments »
IMF-STYLE AUSTERITY MEASURES COME TO AMERICA: WHAT “FISCAL RESPONSIBILITY” MEANS TO YOU
In addition to mandatory private health insurance premiums, we may soon be hit with a “mandatory savings” tax and other belt-tightening measures ushered in by the President’s budget task force initiated on February 17. These radical austerity measures, however, are not only unnecessary but will actually make matters worse. The push for “fiscal responsibility” is […]
Filed under: Ellen Brown Articles/Commentary | 59 Comments »