Another Bank Bailout Under Cover of a Virus
May 31, 2020 12:00 am Leave your thoughts
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, "No more bailouts!"
Author Archives for Ellen Brown
About Ellen Brown
Ellen Brown
Crushing the States, Saving the Banks: The Fed’s Generous New Rules
May 13, 2020 12:00 am Leave your thoughts The new terms could be harnessed for local governments to own and operate their own banks.
A Universal Basic Income Is Essential and Will Work
April 27, 2020 1:55 am Leave your thoughts A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.
The Fed’s Baffling Response to the Coronavirus Explained
April 18, 2020 12:00 am Leave your thoughts When the World Health Organization announced on Feb. 24 that it was time to prepare for a global pandemic, the stock market plummeted.
Socialism at Its Finest after Fed’s Bazooka Fails
March 24, 2020 12:00 am Leave your thoughts In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years
The Fed Protects Gamblers at the Expense of the Economy
February 4, 2020 12:00 am Leave your thoughts Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other "shadow banks" borrow to finance their trades
The Key to Solving the Climate Crisis Is Beneath Our Feet
January 12, 2020 12:00 am Leave your thoughts The Green New Deal resolution that was introduced into the U.S. House of Representatives in February hit a wall in the Senate, where it was called unrealistic and unaffordable
Paul Volcker’s Long Shadow
December 26, 2019 12:00 am Leave your thoughts Former Federal Reserve Chairman Alan Greenspan called Paul Volcker "the most effective chairman in the history of the Federal Reserve.
Is the Run on the Dollar Due to Panic or Greed?
November 17, 2019 12:00 am Leave your thoughts What's going on in the repo market? Rates on repurchase ("repo") agreements should be about 2%, in line with the Federal Reserve funds rate
The Disaster of Negative Interest Rates
September 29, 2019 12:00 am Leave your thoughts 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.