Neoliberalism Has Met Its Match in China
by Ellen Brown 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 […]
Why Is the Fed Paying So Much Interest to Banks?
By Ellen Brown, http://EllenBrown.com “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 […]
The Fed’s Dramatic About-Face
By Ellen Brown, http://EllenBrown.com “Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The Fed “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 the […]
Trump’s War on the Fed
By Ellen Brown October was a brutal month for the stock market. After the Federal Reserve’s eighth interest rate hike, on Sept. 26, the Dow Jones Industrial Average dropped more than 2,000 points, and the NASDAQ had its worst month in nearly 10 years. After the Dow lost more than 800 points on Oct. 10 and the S&P […]
Trump Takes on the Fed
By Ellen Brown 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” Federal Reserve; but […]
Fox in the Hen House: Why Interest Rates Are Rising
By Ellen Brown 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 rate for the sixth […]
Speaker: G. Edward Griffin Author, The Creature From Jekyll Island
Event Announcement Coming soon! Thursday, Nov. 16 G. Edward Griffin Author, The Creature From Jekyll Island Mr. Griffin is our most popular speaker of all time! (since we began in 2009). He spoke at our earliest meetings (2009, 2010, 2011) Last time he spoke to us indoors and drew our largest audience ever! His topic: “Beyond Jekyll […]
How did withholding taxes get started?
It was sold as a “temporary” emergency wartime measure … American Minute with Bill Federer War Emergency – IRS Withholds from Paychecks Withholding taxes from paychecks began JUNE 9, 1943. Congress passed it as an emergency measure during World War II to get money to fight Hitler. Withholding taxes was the idea of Beardsley Ruml, […]
The coming catastrophic collapse of the middle class
By Jack Mullen | 17May2016 | The Government Rag “Is there no danger to our liberty and independence in a Bank that in its nature has so little to bind it to our country. The president of the Bank has told us that most of the State banks exist by its forbearance. Should its influence […]
How safe are top US banks?
. Recently I was having drinks with a friend of mine who is an ultra-successful US real estate developer and investor. He told me that his team had just closed a large real estate transaction worth hundreds of millions of dollars, and they got a sweetheart deal from the bank. The bank is loaning […]
