Winner Takes All: The Super-priority Status of Derivatives
Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple countries directing failing…
Read ArticleIt Can Happen Here: The Confiscation Scheme Planned
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika”…
Read ArticleA Safe and a Shotgun or Publicly-owned Banks?
“If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort…
Read ArticleQuantitative Easing for the People: Grillo’s Populist Plan
Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy. Comedian Beppe…
Read ArticleHow the Fed Could Fix the Economy—and Why
Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so…
Read ArticleHow Congress Could Fix Its Budget Woes, Permanently
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn't work. We cannot…
Read ArticleThe Trillion Dollar Coin: Joke or Game Changer?
The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of…
Read ArticlePolitical Football Over Disaster Relief: Another Argument for
In a shameless display of putting politics before human needs, Congress began 2013 still scrapping over a $60 billion Hurricane…
Read ArticleExploring the Public Bank Option for Scotland
The Royal Bank of Scotland (RBS) and the Bank of Scotland have been pillars of Scotland’s economy and culture for…
Read ArticleIt’s the Interest, Stupid! Why Bankers Rule the
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40%…
Read ArticleQE Infinity: What Is It All About?
QE3, the Federal Reserve’s third round of quantitative easing, is so open-ended that it is being called QE Infinity. Doubts…
Read ArticleWhy QE3 Won’t Jumpstart the Economy—and What Would
The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do…
Read ArticleThe Myth That Japan Is Broke: The World’s
Japan’s massive government debt conceals massive benefits for the Japanese people, with lessons for the U.S. debt “crisis.” In an April…
Read ArticleBain v. MERS: Game-changing Implications for Eminent Domain
Two landmark developments on August 16th give momentum to the growing interest of cities and counties in addressing the mortgage…
Read ArticleSaving the Post Office: Letter Carriers Consider Bringing
On July 27, 2012, the National Association of Letter Carriers adopted a resolution at their National Convention in Minneapolis to…
Read ArticleTitanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink
At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants…
Read ArticleGovernment by the Banks, for the Banks: The
On Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was…
Read ArticleThe JPM Derivatives Propping Up U.S. Debt: Why
When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing…
Read ArticleGreece and the Euro: Fifty Ways to Leave
The problem is all inside your head she said to me The answer is easy if you take it logically I'd like to help…
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