The Problem of Debt Deflation by Ellen Brown

Indentured Student - Cartoon

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Feb. 21, 2019
February 24, 2019

“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed would “normalize” conditions by sopping up the excess reserves through “quantitative tightening” (QT) – raising interest rates and selling the securities it had bought with new reserves back into the market.

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Why A Universal Basic Income Need Not Be Inflationary by Ellen Brown

Demonstration BGE

Image by Generation Grundeinkommen via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 29, 2018

Calls for a Universal Basic Income have been increasing, most recently as part of the Green New Deal introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and supported in the last month by at least 40 members of Congress. A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to Social Security. Critics say the Green New Deal asks too much of the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the resolution proposes. It says funding would primarily come from the federal government, “using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks,” and other vehicles.

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Chris Hedges and Michael Hudson: Putting the Interests of the 1% over the 99%, the Economies are Committing Financial Suicide

cancel the debt

Image by Friends of the Earth International via Flickr

with Michael Hudson and Chris Hedges
Writer, Dandelion Salad
December 15, 2018

RT America on Dec 15, 2018

Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.

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Chris Hedges and David Harvey: The Ideology of Neoliberalism is a Con, Part 2

IMG_0709

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Dandelion Salad

with Chris Hedges

RT America on Nov 17, 2018

In the second part of his interview with Chris Hedges, CUNY Professor David Harvey, author of A Brief History of Neoliberalism argues Neoliberalism as an economic policy works not by generating wealth but redistributing wealth by “accumulation of dispossession.”

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Michael Hudson: Banking Deep Dive + Ellen Brown and Abby Martin on Public Banking in LA

Class War

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by Michael Hudson
Writer, Dandelion Salad
November 4, 2018

An interview with one of the best in the business, Bonnie Faulkner (Guns and Butter).

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Ellen Brown: The Unsustainable Burden of Student Debt

Indentured Student - Cartoon

Image by DonkeyHotey via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 1, 2018

on Oct 31, 2018

The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications.

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Michael Hudson: Deciphering Geo-Political Games

Why Is War A Permanent Feature of Capitalism?

Image by Zhu via Flickr

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.

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“Taxpayer Money” Threatens Medicare-for-All (And Every Other Social Program) by Jim Kavanagh

HealthOverProfit-First-Shot-20180409_224859

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Dandelion Salad

by Jim Kavanagh
The Polemicist, Sept. 18, 2018
September 20, 2018

Three assertions:

  • There is no such thing as “taxpayer money.”
  • Taxes do not pay for government spending. (Nor does debt. No revenue is needed.)
  • Leftists who continue to talk as if “taxpayer dollars” must be collected to “pay for” government programs are undermining Medicare-for-all and every other progressive policy initiative.

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It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Occupy Wall Street - 11/3/11 - 006

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Updated: Sept. 19, 2018

by Michael Hudson
Writer, Dandelion Salad
September 18, 2018

Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.

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Michael Hudson: Jesus Would Have Cancelled The Debt But Obama Bailed Out Wall Street

cancel the debt

Image by Friends of the Earth International via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 14, 2018

With Max Keiser on the history of debt from the Bronze Age onwards. Max poses the question, has a historical precedent been set with the bailing out of creditors, not debtors in 2008?

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Chris Hedges and Nomi Prins: How Central Bankers Rigged the World

Capitalism = economic terrorism

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Dandelion Salad

Updated: Aug. 20, 2018

with Chris Hedges

Originally on RT America on Aug 18, 2018

Conscious on Aug 19, 2018

Nomi Prins, journalist and author of Collusion: How Central Bankers Rigged the World, talks to journalist Chris Hedges about how central bankers “overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks and balances.”

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The Life and Times of Michael Hudson: From Trotsky’s Godson to Modern Monetary Theory

Capitalism Kills

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by Michael Hudson
Writer, Dandelion Salad
August 11, 2018

Global University for Sustainability on Jul 11, 2018

The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.

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Trump Takes on the Fed by Ellen Brown

For All Debts...

Image by AK Rockefeller via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 31, 2018

The president has criticized Federal Reserve policy for undermining his attempts to build the economy. To best make the central bank serve the needs of the economy, it needs to be transformed into a public utility.

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“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

Swimming With the Debt Sharks

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by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 2, 2018
May 7, 2018

Peking University, School of Marxist Studies
May 5-6, 2018

Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and doing business. That is the main reason why they are losing their export markets and becoming de-industrialized.

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Why Interest Rates Are Rising by Ellen Brown

End the Fed march - 14

Image by Steve Rhodes via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 22, 2018

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”?

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