Brexit and the Derivatives Time Bomb by Ellen Brown

Brexit

Image by Rich Girard via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 1, 2016

Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.

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Ellen Brown: Banks Can Take Your Money In A Crisis

NO BAIL! SEND 'EM TO JAIL!!

Image by A. Golden via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 13, 2016

My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann below.

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Your Life Savings Could Be Wiped Out In A Massive Derivatives Collapse by Ellen Brown

HSBC_valentinesdemo_DSC_0047

Image by Michael Fleshman via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 29, 2015

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.

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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

The Hidden Government Guarantee that Props Up the Shadow Banking System by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 17, 2013

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct.

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Wall Street Confidence Trick: The Interest Rate Swaps that Are Bankrupting Local Governments by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 22, 2012

Far from reducing risk, derivatives increase risk, often with catastrophic results.  — Derivatives expert Satyajit Das, Extreme Money (2011)

The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times.  Continue reading

How Wall Street and Its Backers on Capitol Hill Silenced a Critic Calling for Greater Regulation of Derivatives

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Dandelion Salad

Democracy Now!
Nov. 2, 2009

How Wall Street and Its Backers on Capitol Hill Silenced a Critic Calling for Greater Regulation of Derivatives

Last month, when the a subcommittee of the House Financial Services Committee held a hearing on the derivatives market, Robert Johnson was the only non-industry expert invited to speak. The former economist at the Senate Banking Committee and the Senate Budget Committee was invited just sixteen hours before the hearing. His testimony was cut short after five minutes by Congresswoman Melissa Bean, and the committee has since refused to post online his full testimony along with the statements of the other panelists. Robert Johnson comes on Democracy Now! to explain what he tried to tell Congress. [includes rush transcript]

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Exclusive: Derivatives for Dummies by The Other Katherine Harris

by The Other Katherine Harris
Featured Writer
Dandelion Salad
Feb. 18, 2009

Recent attempts by corporate media to explain the nature of our economic meltdown have left me ready to bite the ears off mice. They’ve been superficial, profoundly misleading and, above all, apologias for the likes of

Paulson, Bernanke and Geithner. So, having spent every spare moment over the past three years studying the debacle that many saw brewing, here’s the simplest explanation I’ve come up with:

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