by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
June 28, 2013
Image by richard winchell via Flickr
Former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums. Their solution: a complementary currency issued and backed by the local community. The Central Bank of Kenya has now initiated charges of forgery.
Image by brent_granby via Flickr
May 5, 2012 by LeftStreamed
Steffen Lehndorff speaks about the book, A Triumph of Failed Ideas: European models of capitalism in the crisis (Brussels: European Trade Union Institute, 2012). Steffen Lehndorff is Senior Researcher at the Working Time and Work Organisation Department at IAQ, University of Duisburg-Essen, Germany.
The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping — or failing to cope — with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries.
by Finian Cunningham
Featured Writer
Dandelion Salad
East Africa
3 January 2012
A new twist of the screw on Iran has emerged following the latest US sanctions aimed at the Islamic Republic’s vital oil economy – specifically destabilising the country’s currency and its ability to conduct normal domestic business.
Iran’s currency, the riyal, was thrown into turmoil – losing 10-12 per cent of its value against foreign currencies – days after US President Barack Obama signed off new sanctions against the Persian Gulf country’s Central Bank. The slide in value is just the latest drop in a prolonged, precipitous fall.
Image by secretlondon123 via Flickr
TheRealNews on Jan 1, 2012
William K. Black, Paolo Manasse, and John Weeks discuss the Euro and the danger of global recession
By Rudo de Ruijter
Guest Writer
Dandelion Salad
Independent researcher
www.courtfool.info
Netherlands
Nov. 28, 2011
Brussels wants the keys to the national treasuries of the 17 Euro-countries. Only this way can they save the Euro, they say. The ESM-treaty has already been signed. If the national parliamentarians ratify it, it will be the end of our sovereign democracies. Do we want that? Is there an alternative?
For those who know how the money system works, the logical solution to today’s problems are fairly simple. A bank reform. On TV, at least in the Netherlands, the subject is still taboo [1], but if you want to know how it works, you can find an explanation here. (And if you already know all this, you can scroll immediately to 2. bank reform.)
Continue reading
by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
Nov. 1, 2011
Image by siggimus via Flickr
The Corbett Report
Interview 403
31 Oct 2011
Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), joins us to discuss the example of Iceland’s struggle against the banking oligarchy. We examine the history of Iceland’s debt crisis, the government that has effectively signed the country over to the debtors, and the people’s efforts to reclaim their economy. We also look at parallels in the Greek situation and ask what we can learn from what the Icelandic people are going through.
with Richard C. Cook
Featured Writer
Dandelion Salad
richardccook.com
Oct. 9, 2011
Image by Dandelion Salad via Flickr
oneradionetwork.com
October 5, 2011
Richard C. Cook Interview, {Author of We Hold These Truths: The Hope of Monetary Reform} Oct, 2011 One Radio Network; Creating local currencies backed by labor, services .. and building local communities + The Gaia Plan, the Basic Income Guarantee and how we owe it to everyone on this planet the means to survive. Continue reading
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Sept. 29, 2011
“Unrestrained financial exploitations have been one of the great causes of our present tragic condition.” — President Franklin D. Roosevelt, 1933
Why did gold and silver stocks just get hammered, at a time when commodities are considered a safe haven against widespread global uncertainty? The answer, according to Bill Murphy’s newsletter LeMetropoleCafe.com, is that the sector has been the target of massive short selling. For some popular precious metal stocks, close to half the trades have been “phantom” sales by short sellers who did not actually own the stock.
Image by secretlondon123 via Flickr
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
August 7, 2011
It used to be that when the Fed Chairman spoke, the market listened; but the Chairman has lost his mystique. Now when the market speaks, politicians listen. Hopefully they heard what the market just said: government cutbacks are bad for business. The government needs to spend more, not less. Fortunately, there are viable ways to do this while still balancing the budget.
By Timothy V. Gatto
Featured Writer
Dandelion Salad
liberalpro.blogspot.com
July 7, 2011
I’ve been seeing more and more hope floating around. One enlightening video I’ve seen is this: Fuel- Change your Fuel, Change your World.
By Jerry Mazza
Featured Writer
Dandelion Salad
www.jerrymazza.com
crossposted at www.intrepidreport.com
June 7, 2011
Image via Wikipedia
The war between fiat paper money and precious metals continues as the price of gold keeps going through the roof and the US paper debt-currency submerges.
For the uninitiated, the convenience of fiat money is that you can make it out of air with transferences of numbers from the red to the black side of the accounting page, adding usurious interest if you’re the Fed. Continue reading
By Roland Michel Tremblay
Featured Writer
Dandelion Salad
The Marginal
2 June, 2011
The 74 year old Mahmoud Abdel-Salam Omar, a wealthy man and former chairman of Egypt’s Bank of Alexandria, was arrested on May 31 under sexual assault charges involving a New York hotel maid. The charges and circumstances are practically identical to the 62 year old Dominique Strauss-Kahn alleged offences. DSK was arrested in New York on May 14 for sexually assaulting a New York Hotel maid, leading to his resignation from the head of the International Monetary Fund and ending his chances to become France’s president next year against Nicolas Sarkozy.
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 28, 2011
[T]hreatening to default should not be a partisan issue. In view of all the hazards it entails, one wonders why any responsible person would even flirt with the idea. — Alan S. Blinder, Princeton professor of economics, former vice chairman of the Federal Reserve
A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.
by Ariel Ky
Guest Writer
Dandelion Salad
Peacevisionary’s Blog
China
May 5, 2011
Despite all the hype about the U.S. economy still being the largest in the world, and certainly too big to fail without dragging the rest of the world along with it, a close analysis of several factors reveal that it does indeed appear to be failing. I’m writing this because every once in a while, I just seem to enjoy mucking around in doom and gloom.
Like William Bowles in his article, “The Imperial Mindset”, I think the collapse of a once great nation can happen rather suddenly, just as the usual glacial pace of changes in the natural world can also happen suddenly (think volcanoes erupting, tornadoes slamming homes apart, typhoons destroying buildings, earthquakes collapsing billions of dollars of property in minutes, floods submerging streets and whole cities near rivers, and tsunamis crashing into coastlines, destroying life and property on a massive scale in seconds).
https://dandelionsalad.wordpress.com/
Image by Dandelion Salad via Flickr
By Mike Whitney
Information Clearing House
April 26, 2011
The Federal Reserve is not going to push the economy into Zimbabwean hyperinflation. That’s pure bunkum. The Fed’s plan is to weaken the dollar to boost exports and to force China to let its currency appreciate to its fair-market value. The policy should help to lower the US’s bulging current account deficit. By purchasing $600 billion in US Treasuries (QE2), the Fed effectively reduces the supply of risk-free assets, which sends investors into riskier assets like stocks and commodities. Is there an element of class warfare in the policy?
Dandelion Salad 