Category Archives: Federal Reserve

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives by Ellen Brown

Updated: Jan. 1, 2015

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 20, 2014

Alternative Bailout Plan

Image by Mike Licht via Flickr

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Continue reading

Propping Up the Derivatives Casino: Don’t Count on the FDIC by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 1, 2014

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by saguarosally via Flickr

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Continue reading

Corporate Destruction of Free Markets Rules Us by Ralph Nader

Dandelion Salad

by Ralph Nader
The Nader Page
October 30, 2014

IMG_2564.1.web

Image by Peg Hunter via Flickr

The ruling dogma of our political economy is corporatism. Corporatism claims to draw legitimacy from the free market theory that all vendors who do not meet market demands will go under. Corporatism uses this illusion to exert power over all aspects of our political economy. Continue reading

The Geopolitics of World War III + Transcript + US War on ISIL: Barrel of Volatile Lies by Finian Cunningham

08 no petrodollar warfare

Image by Vertigogen via Flickr

Dandelion Salad

StormCloudsGathering on Sep 11, 2014

The real reason Russia and Syria are being targeted right now.

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The Global Banking Game Is Rigged, and the FDIC Is Suing by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 13, 2014

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:

Derivatives… have turned into a windfall for banks and a nightmare for taxpayers…. While banks are still collecting fixed rates of 3 to 6 percent, they are now regularly paying public entities as little as a tenth of one percent on the outstanding bonds, with rates expected to remain low in the future. Over the life of the deals, banks are now projected to collect billions more than they pay state and local governments – an outcome which amounts to a second bailout for banks, this one paid directly out of state and local budgets.

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After 100 Years, It’s Time to Make the Federal Reserve a Public Utility by Ellen Brown

Federal Reserve Building in Washington D.C. - Illustration

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 22, 2013

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed?

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The Wild and Cruel Gap Between Debtors and Creditors by Ralph Nader

DSC_8882

Image by Dean.Chahim via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
December 13, 2013

The word “inequality” is much in vogue these days. We hear almost daily about the inequality of wealth, income and wages between the richest top 2 or 3 percent of people and the majority of the country’s wage earners. But not much attention is given and not many marches and other protests are addressing the huge inequalities between creditors and debtors.

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Amend the Fed by Ellen Brown

Federal Reserve Building in Washington D.C. - Illustration

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 7, 2013

December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.

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Michael Hudson: QE, Neofeudalism and Privatization — The End of Consumer Choice

capitalism is the crisis

Image by Alex Cameron via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
October 20, 2013

In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism and more.

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Michael Parenti and Philip Giraldi on Capitalism and Empire

Make Capitalism History - Politics For A Real Change *

Image by Sterneck via Flickr

with Michael Parenti
Writer, Dandelion Salad
Michael Parenti Blog
www.michaelparenti.org
October 8, 2013

roseanneworld on Oct 6, 2013

Roseanne Barr and Kathleen Wells KCAA 10 6 13 Michael Parenti Philip Giraldi Part 1

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F is for FIRE Sector by Michael Hudson

f plate 3

Image by Jeremy Brooks via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
September 23, 2013

Part F in the .

Factoid: A hypothesis, rumor or story so consonant with peoples’ preconceptions that it is accepted as a fact or working assumption, even though it often is made up a priori. Among the most notorious examples are the ideas of diminishing returns, equilibrium, that privatized ownership is inherently more efficient than public management, and that trickle-down economics works. (See Junk Science.)

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Larry Summers: Goldman Sacked by Greg Palast + Palast: Larry Summers’ Secret ‘End Game’ Memo

by Greg Palast
Writer, Dandelion Salad
www.gregpalast.com
For Vice Magazine
September 17, 2013

Larry Summers - Caricature

Image by DonkeyHotey via Flickr

Joseph Stiglitz couldn’t believe his ears.  Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America’s economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, “What would Goldman think of that?”

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How Banks Launder Money Through the Repo Market by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
August 26, 2013

Repo Bank

Image by Mark Turnauckas via Flickr

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money?

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Avaricious Brilliance for Economic Disaster by Ralph Nader + Larry Summers and the Secret “End-Game” Memo by Greg Palast

Larry Summers - Caricature

Image by DonkeyHotey via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
August 23, 2013

The widening circle applauding megamillionaire Larry Summers –of Harvard University, Washington, D.C. and Wall Street – agrees on one word to describe the colossal failure – Brilliant! That circle includes Barack Obama, who appointed Summers in 2009 to be his chief economic advisor, Bill Clinton, who made him Secretary of the Treasury, and the Harvard Board of Overseers, who named him president of Harvard University in 2001.

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Ellen Brown: A Derivatives Time-Bomb + Thom Hartmann: What to do with the Slaves When They are no Longer Needed?

with Ellen Brown
Writer, Dandelion Salad
webofdebt.com
August 18, 2013

Capitalism is Crisis

Image by celesteh via Flickr

theprimeinterest on Aug 15, 2013 Continue reading