Why QE3 Won’t Jumpstart the Economy by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Sept. 21, 2012

Untitled Project: DOLLAR STORE

Image by untitledprojects via Flickr

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it.  Neither will it trigger the dreaded hyperinflation.  In fact, it won’t do much at all.  There are better alternatives.

The Fed’s announcement on September 13, 2012, that it was embarking on a third round of quantitative easing has brought the “sound money” crew out in force, pumping out articles with frighting titles such as “QE3 Will Unleash’ Economic Horror’ On The Human Race.”  Continue reading

Overview: The Bubble and Beyond by Michael Hudson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
August 10, 2012

Wage Slavery/Workers Education

Image by Tobias Higbie via Flickr

The Road from Industrial Capitalism to Finance Capitalism and Debt Peonage

Essays on Fictitious Capital, Debt Deflation and the Global Crisis

Michael Hudson’s new book The Bubble and Beyond can be purchased here.

Preface

Summary and Analytic Table of Contents
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Noam Chomsky: Austerity in Europe and United States

brother, can you spare a dime?

Image by ms.donnalee / donna cleveland via Flickr

Dandelion Salad

with Noam Chomsky

Jul 18, 2012 by

Noam Chomsky at the Massachusetts Institute of Technology (MIT), on July 12.

recorded by Stuart Platt

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Dennis Kucinich: The House Overwhelmingly Passed a Bill to Audit the Federal Reserve

End the Fed

Image by r0b0r0b via Flickr

Dandelion Salad

Jul 27, 2012 by

There’s only about a week left until Congress goes on a summer recess, and there are a few notable things that have, and haven’t been done. As we mentioned yesterday, the House overwhelmingly passed a bill to Audit the Fed, but the Democratic leadership, isn’t exactly on board. It’s seven days before recess and yet still no jobs bill. And was the symbolic tax vote this week, a lot more important than people wants to let on? And a few US foreign policy decisions that haven’t exactly played out as planned. Iraq, Afghanistan, Libya, just to name a few. Alyona discusses with U.S. Congressman Dennis Kucinich.

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Why the Senate Won’t Touch Jamie Dimon: JPM Derivatives Prop Up U.S. Debt by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 20, 2012

2011 02 26 - Save the American Dream Rally (Olympia, WA)  145 by William Wright

Image by William Wright, seiuhealthcare775nw via Flickr

When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”

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Indentured Servitude for Seniors: Social Security Garnished for Student Debts by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 11, 2012

Tax the rich, not our future placard

Image by Plashing Vole via Flickr

The Social Security program…represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute. -– President Jimmy Carter, December 20, 1977.

[This law] assures the elderly that America will always keep the promises made in troubled times a half century ago… Continue reading

Moyers and Company: Gambling With Your Money

Dandelion Salad

http://billmoyers.com/
April 6, 2012

You’d think after such a calamitous economic fall, there’d be a strong consensus on reinforcing the protections that keep us out of harm’s way. But in some powerful corners, the opposite is happening. Business and political forces, including hordes of lobbyists, are working hard to diminish or destroy these protections. One of the biggest bull’s-eyes is on the Volcker Rule, a section of the Dodd-Frank Act that aims to keep the banks in which you deposit your money from gambling it on their own — sometimes risky — investments.

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Moyers & Company: Crony Capitalism

Corporate Personhood

Image by Helen Cox, used with permission via Flickr

Dandelion Salad

With Bill Moyers
Moyers & Company | BillMoyers.com
January 20, 2012

Bill Moyers and former White House budget director David Stockman on how politics and high finance have turned our economy into a members-only private club.

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How Goldman Sachs Came to Rule the World

Dandelion Salad

on Jan 17, 2012

http://www.presstv.ir/Program/221516.html

In this edition of the show we discuss the book Money and Power: How Goldman Sachs Came to Rule the World, written by William Cohan.

The book’s behind-the-scenes account shows how, supported by the most aggressive and sophisticated PR machine in the financial industry, Goldman Sachs has continually projected an image of being superior to its competitors – smarter, more collegial, more ethical, and more client-focused.

But William Cohan also reveals another way of viewing Goldman – as a secretive money-making machine that has walked an uneasy line between conflict-of-interest and legitimate deal-making for decades.

William Cohan is the first author to chronicle and to interview the leaders of Goldman Sachs since the 2008 crash, and has gained unprecedented access to the firm’s inner circle.

Every living former chief executive of Goldman Sachs has spoken to him, as well as its current chairman and CEO, Lloyd Blankfein. “Money and Power” is a penetrating study yet of these larger-than-life characters and their secretive world: the definitive account of an institution whose public claims of virtue look very much like ruthlessness when exposed to the light of day.

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Occupy the Neighborhood: How Counties Can Use Land Banks and Eminent Domain by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
January 15, 2012

An electronic database called MERS has created defects in the chain of title to over half the homes in America. Counties have been cheated out of millions of dollars in recording fees, and their title records are in hopeless disarray. Meanwhile, foreclosed and abandoned homes are blighting neighborhoods. Straightening out the records and restoring the homes to occupancy is clearly in the public interest, and the burden is on local government to do it. But how? New legal developments are presenting some innovative alternatives.

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Pulling Back the Curtain on the Wall Street Money Machine by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Dec. 7, 2011

Capitalism Kills

Image by Dandelion Salad via Flickr

On November 27, Bloomberg News reported the results of its successful case to force the Fed to reveal the lending details of its 2008-09 bank bailout. In 29,000 pages of documents, the Fed revealed that by March 2009, it had committed $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached.

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Super Committee Deadlock: Heads They Win, Tails We Lose by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 18, 2011

It is no great surprise that with only days to go, the congressional “super committee,” given the herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement. Why should six Republicans and six Democrats with diametrically opposed views agree in a few weeks, when Congress couldn’t shake hands on it after months of wrangling, despite the guillotine blade of a federal default hanging over their heads?

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Time for an Economic Bill of Rights by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 11, 2011

Capitalism Kills

Image by Dandelion Salad via Flickr

Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

We are beginning to understand, and Occupy Wall Street looks like the beginning of the revolution.

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Ellen Brown: The parasites have run out of their food source

with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 3, 2011

M&I Move Your Money Campaign

Image by Karen Hickey @ wisaflcio via Flickr

on Nov 3, 2011

Ellen Brown author of “The Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free” talking about the public banking system and the Bank of North Dakota October 26, 2011 at Kan Hall, University of Washington, Seattle, WA.

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Ellen Brown: How the silent liquidity squeeze keeps jobs from being created

M&I Move Your Money Campaign

Image by Karen Hickey @ wisaflcio via Flickr

with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 2, 2011

on Oct 27, 2011

Ellen Brown, author of Web of Debt, discusses how the silent liquidity squeeze keeps jobs from being created.

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