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 AK Rockefeller via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 22, 2015
Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ Is 12-18 Months Away.”
Image by DonkeyHotey via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 22, 2013
December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed?
Image by Dandelion Salad via Flickr
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
February 13, 2013
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. After a thorough analysis of statistics from dozens of countries forced to apply austerity plans by the World Bank and IMF, former World Bank chief economist Joseph Stiglitz called austerity plans a “suicide pact.”
by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
March 8, 2012
RussiaToday on Mar 8, 2012
In this episode, Max Keiser and co-host, Stacy Herbert, discuss boating accidents with Sharkboy and Lava Girl and a futures market to lay off your Blythe Masters risk. In the second half of the show, Max talks to Dr. Michael Hudson about Modern Monetary Theory at the University of Missouri – Kansas City and about the Chicago Boys gutting the economic competition, literally.
by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
February 27, 2012
2,181 Italians pack a Sports Arena to learn Modern Monetary Theory:
The Economy doesn’t Need to suffer Neoliberal Austerity
I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to lecture for three days on Modern Monetary Theory (MMT) and explain why Europe is in such monetary trouble today – and to show that there is an alternative, that the enforced austerity for the 99% and vast wealth grab by the 1% is not a force of nature.
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 Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 11, 2011
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.
with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 3, 2011
Image by Karen Hickey @ wisaflcio via Flickr
talkingsticktv 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.
Image by Karen Hickey @ wisaflcio via Flickr
with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 2, 2011
PublicExposureSCAN on Oct 27, 2011
Ellen Brown, author of Web of Debt, discusses how the silent liquidity squeeze keeps jobs from being created.
By Nikki Alexander
Guest Writer
Dandelion Salad
http://nikkialexander.wordpress.com
Oct. 23, 2011
Image by Dandelion Salad via Flickr
With all the hysteria about government debt and deficit spending, ostensible pretexts for annihilating the public, why is no one scrutinizing the source of the problem ~ the monetary system?
Our economy has been running on credit/debt since 1913 when Congress outsourced its sovereign authority to create the nation’s money and gave that privilege away to a cartel of private banking corporations ~ the Federal Reserve System. After 1913, our so-called ‘money’ supply could only be created by banks generating credit as loans. Continue reading
Image by r0b0r0b via Flickr
by Congressman Dennis J. Kucinich
Washington, Oct 20, 2011
Congressman Dennis Kucinich (D-OH) released the following statement in response to the release of the second of two reports on the Government Accountability Office’s (GAO) audit of governance at Federal Reserve banks.
“The GAO report adds details to what we already know. The Federal Reserve operates with brazen disregard for the best interests of the American economy and with very serious conflicts of interest,” Kucinich stated.
with Richard C. Cook
Featured Writer
Dandelion Salad
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 Richard C. Cook
Featured Writer
Dandelion Salad
September 24, 2011
Image by Dandelion Salad via Flickr
Based on a Speech to the International Reciprocal Trade Association, Puerto Aventuras, Quintana Roo, Mexico, September 20, 2011
First I want to thank you for inviting my wife Karen and me to join you in this beautiful land of ocean, sunshine, history, and mystery. Second, I want to offer the organized barter movement—and by this I mean the barter associations that have placed their work on a sound professional business level—my heartfelt congratulations. I congratulate you not only for acting in the face of the global monetary crisis but also for taking active and practical measures for putting something real in its place.
by Congressman Dennis J. Kucinich
Washington, May 31, 2011
Reclaim Our Destiny by Reclaiming Control Over Our Money
As Congress is poised to debate and vote on raising the debt ceiling, Congressman Dennis Kucinich (D-OH) today took to the House Floor to remind fellow Members why we are in debt in the first place: wars and tax cuts for the rich. Kucinich urged Members to take back our authority to print money from the Federal Reserve (the Fed) and to use that authority to invest in America by putting Americans back to work:
Dandelion Salad 