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Is the Run on the Dollar Due to Panic or Greed?

Is the Run on the Dollar Due to Panic or Greed?

    by Ellen Brown What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently […]

The Disaster of Negative Interest Rates

The Disaster of Negative Interest Rates

    by Ellen Brown President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. […]

Desperate Central Bankers Grab for More Power

Desperate Central Bankers Grab for More Power

    by Ellen Brown Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves. Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at […]

The Public Banking Revolution Is Upon Us

The Public Banking Revolution Is Upon Us

    by Ellen Brown As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first […]