Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.
The post Building an Ark: How to Protect Public Revenues from the Next Meltdown appeared first on BSNEWS.
At one time, manipulating interest rates was the Fed’s stock in trade for managing the money supply; but that tool too has lost its cutting edge. Rates are now at zero, as low as they can go – unless they go negative, meaning the bank charges the depositor interest rather than the reverse. That desperate idea is actually being discussed. Meanwhile, rates are unlikely to be raised any time soon. On July 23rd, Bloomberg reported that the Fed could keep rates at zero through 2015.
Charlie McGrath Presents Ellen Brown
When the US Federal Reserve bought an 80% stake in American International Group (AIG) in September 2008, the unprecedented $85 billion outlay was justified as necessary to bail out the world’s largest insurance company. Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment-to compensate for the loss of bond income due to record-low interest rates. Indeed, central banks have become some of the world’s largest stock investors.
On the June 14, 2014 episode of Exposing Faux Capitalism with Jason Erb, I discussed the following recent issues of the past week in the audio here: Ontario’s recent election, Libertarian breakthrough, Freedom Party’s balanced budget gimmick, Ellen Brown got the most votes of any third-party contender for California Treasurer, and Canada’s Supreme Court decision […]
I received this notification from Ellen Brown on June 10, in reference to her latest article, California’s top two primary eliminates third-party rivals. “Thanks very much for your support in my race for California state treasurer! I lost but did pretty well overall, getting more votes than any other third party or independent candidate for […]
Today is the day for deciding who will become California’s next Treasurer, and monetary reformer and author, Ellen Brown, whom I have interviewed twice, is a candidate in the election. Vote if you’re in California and still have time!
After a month-and-a-half hiatus, Exposing Faux Capitalism will be back live on Truth Frequency Radio, now airing every Saturday from 2 to 3 PM EDT. Tune in for unconventional talk about economics and politics, including interviews with top alternative economics writers and analysts like Ellen Brown, Bill Still, Byron Dale, Anthony Migchels and Joseph Meyer.
Only when Mark Carney, Christine Lagarde and Prince Charles start talking about the abolition of privately created debt-based money should we even begin to take them seriously. Of course such an affront to the obscenely wealthy would have seen even Prince Charles ejected from the Mansion House soiree.
The post “The dogs bark, but the caravan passes on.” appeared first on BSNEWS.
Ellen Brown, president of the Public Banking Institute and candidate for Treasurer of California, has a new radio show, It’s Our Money, every Wednesday from 3 to 4 PM Eastern on the Progressive Radio Network, prn.fm. For more on Ellen Brown, including my past interviews with her, see here.
Alex Jones posted a video on February 7, 2014, entitled “Alex Jones: A Real Banking Solution” In it, he endorses state banking (at 4:00). However, he muddles his message, as he first starts talking about the completely unrelated matter of Bill Clinton and Elizabeth Hurley, then says he’s against the U.S. Postal Service getting into […]
