Image by Kurtis Garbutt via Flickr
by Michael Hudson
Writer, Dandelion Salad
October 17, 2022
Some follow up comments to my appearance on the Ralph Nader show.
Image by Infinite Ache via Flickr
by Michael Hudson
Writer, Dandelion Salad
September 29, 2022
Ralph Nader Radio Hour on Sep 17, 2022
Ralph does a deep dive into the real purpose of the Federal Reserve and other aspects of the American economy with progressive economist, Michael Hudson.
Image by Anirvan via Flickr
by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, Feb. 15, 2022
February 16, 2022
Noting that there is always money to be thrown at the finance industry but little for social needs is by now about as startling as noting the Sun rose in the east this morning. But what is eye-opening is the truly gargantuan amounts of money handed out to benefit the wealthy.
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goingundergroundRT on Jan 19, 2022
We speak to Max Lawson of Oxfam about the ‘Inequality Kills’ report, which details how while 99% of humanity’s income fell, 160 million were pushed into poverty and 1 person died every 4 seconds over the course of the Coronavirus pandemic…the top 10 richest men saw their wealth more than double from $700 billion to $1.5 trillion dollars, a rate of $1.2 billion a day.
Image by Sean Davis via Flickr
with Michael Hudson
Writer, Dandelion Salad
January 13, 2022
Moderate Rebels on Jan 8, 2022
Economist Michael Hudson explains the inflation crisis and the Fed’s secretive $4.5 trillion bank bailout.
Image by Anna Hanks via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Apr. 19, 2020
April 20, 2020
A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.
Image by Steffi Reichert via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Apr. 3, 2020
April 4, 2020
Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.
Image by Sean Davis via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 12, 2020
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now pouring billions of dollars into the repo (repurchase agreements) market, in effect making risk-free loans to speculators at less than 2%.
Image by Sean Davis via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 8, 2019
What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently passing up big profits to hold onto their cash – just as they did in the housing market crash and Great Recession of 2008-09.
Image by Friends of the Earth International via Flickr
by Michael Hudson
Writer, Dandelion Salad
July 30, 2019
Debts that can’t be paid, won’t be. That point inevitably arrives on the liabilities side of the economy’s balance sheet.
Image by AK Rockefeller via Flickr
by Michael Hudson
Writer, Dandelion Salad
June 16, 2019
President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic sanctions against Chinese exports and technology.
Image by Bart Everson via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 21, 2019
As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the US and Europe, along with some interesting academic debates about how to fund them. Monetary policy, normally relegated to obscure academic tomes and bureaucratic meetings behind closed doors, has suddenly taken center stage.
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Feb. 21, 2019
February 24, 2019
“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed would “normalize” conditions by sopping up the excess reserves through “quantitative tightening” (QT) – raising interest rates and selling the securities it had bought with new reserves back into the market.
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.
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.
Dandelion Salad 