The Fed’s ‘Chicken Run’: Why Sticking with High Rates Will Crash the Economy
In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
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…
Is Inflation Out of Control, Again?
By Dean Baker / Beat the Press (CEPR) The January data on consumer expenditures released yesterday had a lot of people freaking out. The story is that the Fed is…
Ellen Brown: What Does the Fed’s Jerome Powell Have Up His Sleeve?
The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy?
The Chris Hedges Report: The Fed’s Response to Inflation Is Another Upward Transfer of Wealth (With Richard Wolff )
Capitalist profiteering is the real driver of the inflation crisis, and raising interest rates only passes the costs onto workers already overwhelmed by personal debt and stagnant wages.
Ellen Brown: The Case for a Central Bank Digital Currency
A question now on many economists’ minds is whether the United States should have its own CBDC. A compelling case for it is made by Prof. Saule Omarova, President Biden’s…
Opposing His Renomination, Warren Calls Fed Chair Powell ‘A Dangerous Man’
"Your record gives me grave concern," Sen. Elizabeth Warren told Jerome Powell. "Over and over, you have acted to make our banking system less safe."
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…
Ellen Brown: Coronavirus Proves Capitalism Has Always Been a Lie
Economist Ellen Brown sheds light on the intricacies of an economic system that is being unmasked by the government’s pandemic response.
Ellen Brown: Crushing the States, Saving the Banks: the Fed’s Generous New Rules
It has long been a goal of conservatives to privatize public pensions, forcing seniors into the riskier stock market. Lured in by market booms, their savings can then be raided…