How Public Ownership Could Revive Community Banks 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. At his confirmation hearing in January 2017, Treasury […]
Economics
How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders Posted on October 12, 2017 by Ellen Brown During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. […]
The history of Saudi Arabia has been from a state of tribal and family slaughter in 1932, to extreme wealth, to bankruptcy. Saudi Aramco valued at some $12 trillion is for sale. There are no buyers. The present arrangements with Trump and Goldmans, is to offer 5% through an NYSE […]
By Ellen Brown 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. […]
Sovereign Debt Jubilee, Japanese-Style Thursday, June 29, 2017 By Ellen Brown, The Web of Debt Blog | News Analysis 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, […]
By Sonia Sirletti @ssirlettiMore stories by Sonia Sirletti and Alexander Weber @WeberAlexanderMore stories by Alexander Weber 26 June 2017 4:01 AM 26 June 2017 9:06 AM Government plans to split lenders up into good and bad banks Italian No. 2 lender Intesa Sanpaolo to take over good assets Italy will […]
Albeit a bit sophisticated, this article clearly illustrates the predictable, and in fact inevitable results inherent in a monetary system co-managed by the conflicting interests of Federal Government and not-federal-except-in-name Federal Reserve (Central Bank). Posted on June 11, 2017 by Ellen Brown https://ellenbrown.com/2017/06/11/mr-president-please-be-careful-what-you-wish-for-higher-interest-rates-will-kill-the-recovery/#more-13152 Higher interest rates will triple the interest […]
From Reuters News Agency: By Sinead Carew The S&P 500 and the Dow notched their biggest one-day fall since Sept. 9 as investor hopes for tax cuts and other pro-business policies faded after reports that U.S. President Donald Trump tried to interfere with a federal investigation set off alarm bells […]
The Peanut Galleries refuse to learn that 10 minutes of nonsense waffled by The Institution of TV News, does not make them fully informed about anything. The absurdity is, they want to argue their inculcated ignorance as a valid perspective, in contradiction to reality. The Liberals and Progressives rely on […]
Boom! Here’s the economic fallout from the “fallout-less” bomb! CNBC Stocks fell Thursday after the U.S. dropped “the mother of all bombs” in Afghanistan while bank stocks dropped despite strong earnings from JPMorgan Chase and Citigroup. The U.S. used a GBU-43 bomb on a cave complex believed to have ISIS […]