Ellen Brown: Why Does the Government Borrow When It Can Print?
By Ellen Brown / Original to ScheerPost In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding…
Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers
By Eve Ottenberg / CounterPunch As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman…
Ellen Brown: Banking Crisis 3.0: Time to Change the Rules of the Game
By Ellen Brown / Original to ScheerPost On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge…
Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami
By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in…
What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk
By Ellen Brown / Original to ScheerPost Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL…
Nomi Prins: How the Federal Reserve and Allied Central Bankers Wrote the Obituary for Competitive Capitalism
Dr. Nomi Prins examines the games the wealthy elites play while the 99% suffer.
Ellen Brown: Interest Rate Hikes Will Not Save Us From Inflation
Rather than making money harder to get, the U.S. government needs to focus on the other side of the demand vs. supply inflation equation.
VIDEO: Ask Prof Wolff: What the NYTimes Gets Wrong About Inflation
By Richard Wolff / Democracy At Work A Patron of Economic Update asks: “Christopher Leonard, author of “The Lords of Easy Money” has a piece in the 6/11/22 NYT (https://www.nytimes.com/2022/06/11/op…)…
The Fed’s Austerity Program to Reduce Wages
By Michael Hudson / CounterPunch The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually…
Ellen Brown: Rather Than Sink Main Street by Raising Interest Rates, the Fed Could Save It. Here’s How.
The central bank has the tools to help American families suffering from rising food and energy bills right now, with a bit of updating to its rules.
Ellen Brown: The Real Antidote to Inflation
The Fed has options for countering the record inflation the U.S. is facing that are far more productive and less risky than raising interest rates.
Will 2021 Be Public Banking’s Watershed Moment?
Faced with the dire Covid-19 crisis, some lawmakers are starting to see publicly-owned banks as the key to ensuring an equitable economic recovery.
FDR Knew Exactly How to Solve Today’s Unemployment Crisis
A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s biggest…