Image by May S. Young via Flickr
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.
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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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
August 2, 2016
Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate, with donations to her campaign exploding nearly 1000% after he endorsed Hillary Clinton. Stein salutes Sanders for the progressive populist movement he began and says it is up to her to carry the baton. Can she do it? Critics say her radical policies will not hold up to scrutiny. But supporters say they are just the medicine the economy needs.
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.
Image by Tony Webster via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 16, 2016
In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed’s “independence” by tapping its reserves and bank dividends for infrastructure funding.
The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly.
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 AK Rockefeller via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
August 19, 2015
“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”
— Former Fed Chairman Alan Greenspan on Meet the Press, August 2011
Image by Mike Licht via Flickr
with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
June 15, 2015
TheRealNews on Jun 15, 2015
UMKC professor of economics Michael Hudson explains how the bond-buying program helps keep interest rates low for everyday people but has also shored up bad mortgage loans of corrupt banks.
Image by DonkeyHotey via Flickr
with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 11, 2015
TheRealNews on Mar 10, 2015
Michael Hudson says quantitative easing is a pretext to assist banks make even more profits
Image by DonkeyHotey via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 7, 2013
December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.
by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
July 23, 2013
Image by 禁书网中国禁闻 via Flickr
Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk its mandate to pursue full employment, but the sort of QE that could fulfill that mandate has not yet been tried.
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 7, 2013
Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy.
Comedian Beppe Grillo was surprised himself when his Five Star Movement got 8.7 million votes in the Italian general election of February 24-25th. His movement is now the biggest single party in the chamber of deputies, says The Guardian, which makes him “a kingmaker in a hung parliament.”
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
February 24, 2013
Image by Truthout.org via Flickr
Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks. A real “helicopter drop” that puts money into the pockets of consumers and businesses has not yet been tried. Why not? Another good question . . . .
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.”
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Updated: Sept. 25, 2012 added transcript
with Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
September 23, 2012
Sep 23, 2012 by TheRealNews
Michael Hudson: Shoveling money to the banks not meant to create jobs, it’s a way to give banks even more speculative capital and prepare them for another meltdown.
