Image by cool revolution via Flickr
by Michael Hudson
Writer, Dandelion Salad
February 28, 2023
Geopolitical Economy Report on Feb 24, 2023
Economists Radhika Desai and Michael Hudson explain the end of the British empire’s sterling area with the rise of the US dollar system, its central role in imperialism, and why it ultimately failed to accomplish Washington’s hegemonic goals.
Image by Marienna Pope-Weidemann via Flickr
by Finian Cunningham
Writer, Dandelion Salad
Ireland
Crossposted from Sputnik, Nov. 13, 2021
November 15, 2021
The United States and its NATO allies are ratcheting up hostility towards Russia with unscheduled military drills in the Black Sea. Absurd accusations about Russia planning to invade Ukraine are also part of the provocations winding up dangerous tensions.
Image by Christoph Scholz via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
June 27, 2019
Payments can happen cheaply and easily without banks or credit card companies. This has now been demonstrated – not in the United States but in China. Unlike in the US, where numerous firms feast on fees from handling and processing payments, in China most money flows through mobile phones nearly for free. In 2018 these cashless payments totaled a whopping $41.5 trillion; and 90% were through Alipay and WeChat Pay, a pair of digital ecosystems that blend social media, commerce and banking. According to a May 2018 article in Bloomberg titled “Why China’s Payment Apps Give U.S. Bankers Nightmares“:
Continue reading
Screenshot by Dandelion Salad via Flickr
Watch the video below
with Chris Hedges
RT America on Apr 27, 2019
Chris Hedges discusses Venezuela with reporter Ben Norton, from the history of the Bolivarian Revolution and legacy of Hugo Chavez to US sanctions and the overt attempt to overthrow the leadership in Caracas.
by Michael Hudson
Writer, Dandelion Salad
October 1, 2018
“Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book And forgive them our debts.
Image by Campaign Against Arms Trade via Flickr
by Sara Flounders
Workers World, June 13, 2017
June 14, 2017
Two weeks after the grand pomp of President Trump’s visit, Saudi Arabia announced the complete blockade of small neighboring state Qatar on June 5. The blockade is an act of war.
Image by AK Rockefeller via Flickr
with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 30, 2016
“Commercial banks create money, in the form of bank deposits, by making new loans… 97% of the [money] currently in circulation [is] created by commercial banks themselves.”
— “Money creation in the modern economy”, Quarterly Bulletin, 2014 Q1, Bank of England
Image by Tiger Pixel via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 16, 2016
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).
Image by Dandelion Salad via Flickr
Updated: June 1, 2015
with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
May 21, 2015
The Economics of Happiness on May 21, 2015
Ellen Brown is the founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. This is her plenary talk at the Economics of Happiness conference, held in Portland, Oregon in February, 2015. The conference was organized by Local Futures, a non-profit organization that has been promoting a shift from global to local for nearly 40 years. To learn more about the conference or Local Futures’ work, go to www.localfutures.org.
Image by Vertigogen via Flickr
StormCloudsGathering on Sep 11, 2014
The real reason Russia and Syria are being targeted right now.
Follow us on Facebook: StormCloudsGathering
Follow us on Twitter: twitter.com/SCGupdates
Donate: StormCloudsGathering/donate
Get weekly email updates: scgnews.com/scgnews_updates Continue reading
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.
with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 5, 2012
May 10, 2012 by brightpathvideo
“From Austerity to Prosperity With Publicly Owned Banks”
Ellen Brown, author of “Web of Debt”. Philadelphia, April 27, 2012
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.
with Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
April 25, 2012
Guns and Butter – | KPFA 94.1 FM
“A Debate On How To Get Out of the Euro” with Marshall Auerback, Michael Hudson, William K. Black and Stephanie Kelton in Rimini, Italy. What withdrawal from the Euro system would mean for households and businesses in Italy; how to manage savings; what would likely happen in a return to sovereign currency; how the government and National Bank of Italy could manage the change; monetary and fiscal policy; interest rates; bond markets; loss of national power due to the rules of the Stability and Growth Pact and the inability to set employment policy.
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.
Dandelion Salad 