On The Edge With Max Keiser: Ellen Brown on Computerized Manipulation of the Market

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 8, 2010

PressTVGlobalNews

May 08, 2010 — An exclusive interview with Ellen Brown, Author of Web of Debt

Continue reading

The Global Economic Crisis, The Great Depression of the XXI Century, Preface

[tweetmeme source= “DandelionSalads” only_single=false]

Bookmark       and Share

https://dandelionsalad.wordpress.com/

by Michel Chossudovsky and Andrew Gavin Marshall
Featured Writer
Dandelion Salad
May 8, 2010

The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.

Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives.

Continue reading

Stock Market Collapse: More Goldman Market Rigging? by Dr. Ellen Brown

[tweetmeme source= “DandelionSalads” only_single=false]

Bookmark      and Share

http://www.buzzflash.net/story.php?id=1093534

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 7, 2010

Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and the dire threat of a sovereign Greek default. By Thursday, Goldman’s fraud had slipped from the headlines and Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks. On Friday, Goldman was in settlement talks with the SEC.

Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they?

Continue reading

Will Hollywood Go The Way Of Enron? Derivatives Come To The Movies by Dr. Ellen Brown

[tweetmeme source= “DandelionSalads” only_single=false]

Bookmark      and Share

http://www.buzzflash.net/story.php?id=1092372

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 3, 2010

As if attacks from paparazzi and star-crazed fans weren’t enough, Hollywood stars may soon have a literal price put on their heads by investors in the Cantor Exchange, a real-money trading platform where people can bet on the gross profits of upcoming movies. Sales of The Dark Knight skyrocketed after Heath Ledger died unexpectedly, and so did sales after the deaths of Michael Jackson, Elvis Presley and Marilyn Monroe. Will greed-driven investors now be laying in wait for the stars of movies they have bet on?

Continue reading

Computerized Front Running by Dr. Ellen Brown

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
April 23, 2010

How A Computer Program Designed To Save The Free Market Turned Into A Monster

While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs.

Market commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls “rigged market capitalism”: all markets today are subject to manipulation for private gain.

Keiser isn’t just speculating about this. He claims to have invented one of the most widely used programs for doing the rigging. Not that that’s what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating “front running” – brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running.

Continue reading

Student Loans: The Government Is Now Officially In The Banking Business by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 31, 2010

“We say in our platform that we believe that the right to coin money and issue money is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson . . . and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.

William Jennings Bryan, Democratic Convention, 1896

Continue reading

The Growing Movement for Publicly-owned Banks by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 18, 2010

As the states’ credit crisis deepens, four states have initiated bills for state-owned banks, and candidates in seven states have now included that solution in their platforms.

“Hundreds of job-creating projects are still on hold because Michigan businesses and entrepreneurs cannot get bank financing. We can break the credit crunch and beat Wall Street at their own game by keeping our money right here in Michigan and investing it to retool our economy and create jobs.”

–Lansing Mayor Virg Bernero in the Detroit News, May 9, 2010

Continue reading

IMF-Style Austerity Measures Come To America: What “Fiscal Responsibility” Means To You by Dr. Ellen Brown + I.O.U.S.A.

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 2, 2010

In addition to mandatory private health insurance premiums, we may soon be hit with a “mandatory savings” tax and other belt-tightening measures urged by the President’s new budget task force. These radical austerity measures are not only unnecessary but will actually make matters worse. The push for “fiscal responsibility” is based on bad economics. Continue reading

Max Keiser: Iran, Israel and Financial Terrorism + Ellen Brown on the Federal Reserve

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Feb. 26, 2010

MaxKeiserTV
February 26, 2010

http://maxkeiser.com
Max Keiser talks to Stacy Herbert about the financial headlines

Continue reading

Campaigning For State-Owned Banks by Dr. Ellen Brown

Bookmark and    Share

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Feb. 20, 2010

[tweetmeme source= “DandelionSalads” only_single=false]

While bank bailouts fatten Wall Street, states continue to battle the credit crisis. In the search for innovative solutions, some political candidates are proposing that states generate their own credit by setting up their own banks.

State budgets for 2010 face the largest shortfalls on record, totaling $194 billion or 28 percent of state budgets; and 2011 is expected to be worse. Unemployment has already officially hit 10 percent, and many economists expect it to rise higher. Continued high unemployment will keep state income tax receipts at low levels and increase demand for Medicaid and other essential services states provide. The existing alternatives are spending cuts or tax increases, but both will just serve to make the downturn deeper. When states cut spending, they lay off employees, cancel contracts with vendors, eliminate or lower payments to businesses and nonprofit organizations that provide direct services, and cut benefit payments to individuals. The result is a reduction in overall demand. Tax increases also remove demand, by reducing the amount of money people have to spend.

Continue reading

AIG-Gate: The World’s Greatest Insurance Heist by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Feb. 6, 2010

Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:

Each day brings more revelations of efforts of the NY Fed and Goldman Sachs to hide the details of the criminal conspiracy of the AIG bailout. … This is a real crisis on the scale of Watergate. Corruption at its finest.

Continue reading

The Battle of the Titans: JPMorgan vs. Goldman Sachs Or Why the Market Was Down for 7 Days in a Row by Dr. Ellen Brown

Bookmark and  Share

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Jan. 29, 2010

We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.

The late Libertarian economist Murray Rothbard wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.

Continue reading

Funding Public Health Care with a Publicly Owned Bank: How Canada Did It by Dr. Ellen Brown

Bookmark and Share

https://dandelionsalad.wordpress.com/

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Jan. 24, 2010

The story goes that Churchill offered a woman 5 million pounds to sleep with him. She hedged and said they would have to discuss terms. Then he offered her 5 pounds. “Sir!” she said. “What sort of woman do you think I am?” “Madam,” he replied, “We’ve already established that. Now we’re just haggling over the price.”

The same might be said of President Obama’s health care bill, which was sold out to corporate interests early on. The insurance lobby had its way with the bill; after that they were just haggling over the price. The “public option” was so watered down in congressional deal-making that it finally disappeared altogether.

Continue reading

The Tobin Tax – Ellen Brown on Economics 101

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Jan. 12, 2010

corbettreport
January 12, 2010

Ellen Brown, author of numerous books including the wildly popular “Web of Debt” joins us to discuss the possibility of using a Tobin tax to claw back money from the banksters. For more information on this subject, please see Brown’s article here:

A Little Populist Retribution: Making Wall Street Pay Its Fair Share by Dr. Ellen Brown

For more information about Ellen Brown and her work, please visit her homepage:

http://www.ellenbrown.com/

Continue reading

Escape from Pottersville: The North Dakota Model for Capitalizing Community Banks by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Jan. 4, 2010

The recent proposal to vote with our feet by shifting our deposits from Wall Street to community banks is a great start. However, community banks are not suffering from a lack of deposits so much as from a lack of the capital they need to make new loans, and investment capital today is scarce. There is a way out of this dilemma, demonstrated for over 90 years by the innovative state of North Dakota — a partnership in which community banks are backed by the deep pockets of a state-owned bank.

Continue reading