Visit ArabTopics.com

Web of Debt

Web of Debt - 2019-09-30 - Original post - cached version

President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate...

Web of Debt - 2019-09-18 - Original post - cached version

Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves. Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of...

Web of Debt - 2019-08-30 - Original post - cached version

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist...

Web of Debt - 2019-08-09 - Original post - cached version

When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have...

Web of Debt - 2019-07-26 - Original post - cached version

Planting billions of trees across the world is by far the cheapest and most efficient way to tackle the climate crisis. So states a July 4 article in The Guardian, citing a new analysis published in the journal Science. The author explains: As trees grow, they absorb and store the carbon dioxide...

Web of Debt - 2019-07-10 - Original post - cached version

The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class. Proposals ranged from a Universal Basic Income to Medicare for...

Web of Debt - 2019-06-27 - Original post - cached version

Payments can happen cheaply and easily without banks or credit card companies. This has now been demonstrated – not in the United States but in China. Unlike in the US, where numerous firms feast on fees from handling and processing payments, in China most money flows through mobile phones...

Web of Debt - 2019-06-14 - Original post - cached version

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks. Compare China, where, despite facing one of the most expensive real estate markets in the world...

Web of Debt - 2019-05-31 - Original post - cached version

This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The...

Web of Debt - 2019-05-25 - Original post - cached version

My new book, nearly 3 years in the making, is finally in print. It’s called “Banking on the People: Democratizing Money in the Digital Age” and is published by the Democracy Collaborative. As our democracy hangs in the balance, I hope this book allows many more people to understand why having...

Web of Debt - 2019-04-18 - Original post - cached version

As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now...

Web of Debt - 2019-04-03 - Original post - cached version

“If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, “And you’ll achieve that sense of conquest as your affluence expands In the hands of the directors who invest as propriety demands.” — Mary Poppins, 1964 When Mary...

Web of Debt - 2019-03-21 - Original post - cached version

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...

Web of Debt - 2019-02-22 - Original post - cached version

“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...

Web of Debt - 2019-02-09 - Original post - cached version

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...

Web of Debt - 2019-01-27 - Original post - cached version

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....

Web of Debt - 2018-12-29 - Original post - cached version

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...

Web of Debt - 2018-12-17 - Original post - cached version

With what Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by newly-elected Rep. Alexandria Ocasio-Cortez (D-NY) appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop. It would give a House Select Committee “a...

Web of Debt - 2018-11-10 - Original post - cached version

The Los Angeles charter amendment to approve a city-owned bank did not pass, but it did get 42 percent of the vote, a remarkable feat considering that the dynamic young Public Bank LA advocacy group effectively only had a month to educate 4 million voters on what a public bank is and why passing...

Web of Debt - 2018-11-04 - Original post - cached version

President Trump has stepped up his criticism of the Federal Reserve, saying of its aggressive interest rate hikes that it has “gone crazy.” The same charge has been leveled against Trump, but there may be a method to his madness . . . .   October was a brutal month for the stock market. After...

Web of Debt - 2018-11-04 - Original post - cached version

Note to Angelenos: Vote Yes on Charter Amendment B for an L.A. city-owned bank!

Web of Debt - 2018-10-03 - Original post - cached version

Wall Street owns the country. That was the opening line of a fiery speech by populist leader Mary Ellen Lease in 1890. Franklin Roosevelt said it again in a letter to Colonel House in 1933, and Sen. Dick Durbin was still saying it in 2009. “The banks – hard to believe in a time when […]

Web of Debt - 2018-09-15 - Original post - cached version

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. Excluding...

Web of Debt - 2018-08-24 - Original post - cached version

Giant Chinese tech companies have bypassed credit cards and banks to create their own low-cost digital payment systems. The US credit card system siphons off excessive amounts of money from merchants, who must raise their prices to cover this charge. In a typical $100 credit card purchase, only...

Web of Debt - 2018-07-30 - Original post - cached version

The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility. For nearly half a century, presidents have refrained from criticizing the “independent”...

Web of Debt - 2018-07-05 - Original post - cached version

California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve. Voters in Los Angeles will be the first in the country to weigh in on a public banking mandate, after the City Council agreed on June 29th to put a measure on the...

Web of Debt - 2018-05-26 - Original post - cached version

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure...

Web of Debt - 2018-04-22 - Original post - cached version

The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest...

Web of Debt - 2018-04-05 - Original post - cached version

Bayer and Monsanto have a long history of collusion to poison the ecosystem for profit. The Trump administration should veto their merger not just to protect competitors but to ensure human and planetary survival. Two new studies from Europe have found that the number of farm birds in France has...

Web of Debt - 2018-03-18 - Original post - cached version

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. The US banking establishment has been at war with the post office since at least 1910, when the Postal Savings Bank...

Web of Debt - 2018-02-28 - Original post - cached version

“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...

Web of Debt - 2018-01-24 - Original post - cached version

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall...

Web of Debt - 2018-01-05 - Original post - cached version

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...

Web of Debt - 2017-12-27 - Original post - cached version

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular,...

Web of Debt - 2017-11-04 - Original post - cached version

Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.    A UK study published on October 27, 2017 reported that...

Web of Debt - 2017-10-30 - Original post - cached version

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 Secretary Stephen...

Web of Debt - 2017-10-30 - Original post - cached version

Stacy interviewed me on public banking at the Nexus Conference in Aspen, posted on MaxKeiser.com on October 7, 2017. The interview begins at 14:50.    

Web of Debt - 2017-10-12 - Original post - cached version

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. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna...

Web of Debt - 2017-10-04 - Original post - cached version

The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen...

Web of Debt - 2017-07-23 - Original post - cached version

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.  Illinois is...

Web of Debt - 2017-06-27 - Original post - cached version

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...

Web of Debt - 2017-06-11 - Original post - cached version

Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating...

Web of Debt - 2017-05-17 - Original post - cached version

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...

Web of Debt - 2017-05-17 - Original post - cached version

The cavalry has arrived! Great to see so many young people getting behind public banking. We had a rousing forum on Saturday, May 13th, at the Puente Learning Center in Los Angeles. The links to the Facebook live videos and photo album are here: Part 2: https://www.facebook.com/...

Web of Debt - 2017-04-11 - Original post - cached version

Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state...

Web of Debt - 2017-03-14 - Original post - cached version

The Canadian plan also helps Canadians live longer and healthier than Americans. . . . We need, as a nation, to reexamine the single-payer plan, as many individual states are doing.   — Donald Trump, The America We Deserve (2000) The new American Health Care Act has been unveiled, and critics...

Pages

Dear friends of this aggregator

  • Yes, I intentionally removed Newsbud from the aggregator on Mar 22.
  • Newsbud did not block the aggregator, although their editor blocked me on twitter after a comment I made to her
  • As far as I know, the only site that blocks this aggregator is Global Research. I have no idea why!!
  • Please stop recommending Newsbud and Global Research to be added to the aggregator.

Support this site

News Sources

Source Items
WWI Hidden History 51
Grayzone Project 216
Pass Blue 234
Dilyana Gaytandzhieva 16
John Pilger 416
The Real News 367
Scrutinised Minds 29
Need To Know News 2722
FEE 4812
Marine Le Pen 381
Francois Asselineau 25
Opassande 53
HAX on 5July 220
Henrik Alexandersson 974
Mohamed Omar 383
Professors Blog 10
Arg Blatte Talar 40
Angry Foreigner 18
Fritte Fritzson 12
Teologiska rummet 32
Filosofiska rummet 113
Vetenskapsradion Historia 161
Snedtänkt (Kalle Lind) 224
Les Crises 2943
Richard Falk 174
Ian Sinclair 112
SpinWatch 61
Counter Currents 9958
Kafila 501
Gail Malone 42
Transnational Foundation 221
Rick Falkvinge 95
The Duran 9926
Vanessa Beeley 143
Nina Kouprianova 9
MintPress 5674
Paul Craig Roberts 1945
News Junkie Post 58
Nomi Prins 27
Kurt Nimmo 191
Strategic Culture 5013
Sir Ken Robinson 25
Stephan Kinsella 100
Liberty Blitzkrieg 857
Sami Bedouin 65
Consortium News 2685
21 Century Wire 3641
Burning Blogger 324
Stephen Gowans 92
David D. Friedman 152
Anarchist Standard 16
The BRICS Post 1519
Tom Dispatch 539
Levant Report 18
The Saker 4439
The Barnes Review 535
John Friend 491
Psyche Truth 160
Jonathan Cook 155
New Eastern Outlook 4164
School Sucks Project 1782
Giza Death Star 1970
Andrew Gavin Marshall 15
Red Ice Radio 620
GMWatch 2364
Robert Faurisson 150
Espionage History Archive 34
Jay's Analysis 1014
Le 4ème singe 90
Jacob Cohen 210
Agora Vox 16139
Cercle Des Volontaires 437
Panamza 2232
Fairewinds 117
Project Censored 985
Spy Culture 552
Conspiracy Archive 77
Crystal Clark 11
Timothy Kelly 581
PINAC 1482
The Conscious Resistance 863
Independent Science News 81
The Anti Media 6734
Positive News 820
Brandon Martinez 30
Steven Chovanec 61
Lionel 298
The Mind renewed 445
Natural Society 2619
Yanis Varoufakis 1025
Tragedy & Hope 122
Dr. Tim Ball 114
Web of Debt 148
Porkins Policy Review 433
Conspiracy Watch 174
Eva Bartlett 611
Libyan War Truth 339
DeadLine Live 1913
Kevin Ryan 64
BSNEWS 2087
Aaron Franz 244
Traces of Reality 166
Revelations Radio News 121
Dr. Bruce Levine 150
Peter B Collins 1614
Faux Capitalism 205
Dissident Voice 10992
Climate Audit 224
Donna Laframboise 451
Judith Curry 1139
Geneva Business Insider 40
Media Monarchy 2432
Syria Report 78
Human Rights Investigation 93
Intifada (Voice of Palestine) 1685
Down With Tyranny 12223
Laura Wells Solutions 44
Video Rebel's Blog 440
Revisionist Review 485
Aletho News 20942
ضد العولمة 27
Penny for your thoughts 3080
Northerntruthseeker 2453
كساريات 37
Color Revolutions and Geopolitics 27
Stop Nato 4721
AntiWar.com Blog 3139
AntiWar.com Original Content 7077
Corbett Report 2409
Stop Imperialism 491
Land Destroyer 1216
Webster Tarpley Website 1118

Compiled Feeds

Public Lists

Title Visibility
Funny Public