The Venezuelan Myth by Ellen Brown

Hugo Chávez saludando al pueblo

Image by Globovisión via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
February 10, 2019

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.

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Why Germany Leads in Renewables: It Has Its Own Green Bank by Ellen Brown

Solar Farm, Brockville Ontario 2014

Image by Jonathan Potts via Flickr

Updated: Feb. 10, 2019 and Feb. 12, 2019

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 27, 2019

The Green New Deal endorsed by Alexandria Ocasio-Cortez and more than 40 other US Representatives has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the Green New Deal resolution proposes. It says funding will come primarily from certain public agencies, including the Federal Reserve and “a new public bank or system of regional and specialized public banks.”

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

Class War

Image by killabodhi via Flickr

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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When And How The Economy Will Collapse Is Now In The Hands Of Central Bankers by Ellen Brown

Rich Uncle Pennybags

Image by Sean Davis via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 15, 2018

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.

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Leo Panitch: Obama Defends Global Capitalism in Mandela Lecture, Parts 1-2

Barack Obama - Second Term Flare-Ups

Image by DonkeyHotey via Flickr

Dandelion Salad

Obama Joins Club of the Super-Rich – Defends Global Capitalism in Lecture (1/2)

TheRealNews on Jul 29, 2018

Prof. Leo Panitch and Paul Jay discuss Obama’s Mandela lecture; Obama wants the impossible – a world where the super-rich give up “a little” and there is no massive inequality.

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Paul Street, Glen Ford, Chris Hedges, Bruce Dixon: Imagining an Authentic 21st Century U.S. Left (Left Forum 2018)

Death to Capitalism

Image by lisbokt via Flickr

with Paul Street
Writer, Dandelion Salad
June 5, 2018

and with Glen Ford, Chris Hedges, Bruce Dixon

Other Voices, Other Choices on June 4, 2018

Event Organizer: Paul L. Street

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The Post Office Has Been Intentionally Targeted For Takedown by Ellen Brown

Post Office & Savings Bank

Image by duncan c via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 18, 2018

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.

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China’s Secret Source For Funding Infrastructure by Ellen Brown

roads and railways series #3

Image by woodleywonderworks via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
February 28, 2018

“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump’s transition team, “It is the largest infrastructure project initiated by one nation in the history of the world and is designed to enable China to become the dominant economic power in the world.” In a January 29th article titled “Trump’s Plan a Recipe for Failure, Former Infrastructure Advisor Says,” he added, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”

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Michael Hudson and Ellen Brown: Avoiding The Road To Serfdom

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson, with Ellen Brown
Writers, Dandelion Salad
Michael Hudson, Jan. 28, 2018
The Web of Debt Blog
February 10, 2018

I appeared alongside Ellen Brown on Princetown Community Television in two parts. Enjoy!

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Today’s Students–Slavery by Debt, Part 2 by Ellen Brown

Slaves to Money, Solidarity (9 of 25)

Image by Glenn Halog via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 5, 2018

This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here.

The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students. Their loan rates are high and if they cannot pay, their debts are not normally dischargeable in bankruptcy. Rather, the debts compound and can dog them for life, compromising not only their own futures but the economy itself.

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Regulation Is Killing Community Banks by Ellen Brown

The patriot act is watching you

Image by Ashleigh Nushawg via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
October 30, 2017

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.

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Saving Illinois by Ellen Brown

For All Debts...

Image by AK Rockefeller via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 24, 2017

Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions. The Federal Reserve could do a round of “QE for Munis.” Or the state could turn its sizable pension fund into a self-sustaining public bank.

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Sovereign Debt Jubilee, Japanese-Style by Ellen Brown

Capitalism IS the Crisis

Image by Waywuwei via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
June 27, 2017

Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.

Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.

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If China Can Fund Infrastructure With Its Own Credit, So Can We by Ellen Brown

roads and railways series #2

Image by woodleywonderworks via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
May 17, 2017

May 15th-19th has been designated “National Infrastructure Week” by the US Chambers of Commerce, the American Society of Civil Engineers (ASCE), and over 150 affiliates. Their message: “It’s time to rebuild.” Ever since ASCE began issuing its “National Infrastructure Report Card” in 1998, the nation has gotten a dismal grade of D or D+. In the meantime, the estimated cost of fixing its infrastructure has gone up from $1.3 trillion to $4.6 trillion.

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