Tag Archives: Federal Reserve

Conjuring Up the Next Depression

By Chris Hedges Source: TruthDig During the financial crisis of 2008, the world’s central banks, including the Federal Reserve, injected trillions of dollars of fabricated money into the global financial system. This fabricated money has created a worldwide debt of $325 … Continue reading

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America’s Debt Dependence Makes It An Easy Economic Target

By Brandon Smith Source: Alt-Market.com There is a classic denial tactic that many people use when confronted with negative facts about a subject they have a personal attachment to; I would call it “deferral denial” — or a psychological postponing of … Continue reading

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Jeff Bezos’ Paper Tells You Not to Worry About Those Billionaires

By Dean Baker Source: FAIR Just when you thought economic commentary in the Washington Post couldn’t get any more insipid, Roger Lowenstein proves otherwise. In a business section “perspective” (7/20/18), he tells readers: But what if inequality is the wrong metric. Herewith … Continue reading

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USA in a Debt Trap Death Spiral

By F. William Engdahl Source: New Eastern Outlook The US economy and its financial structures have never recovered from the great financial meltdown of 2008 despite the passage of ten years. Little discussion has been given to the fact that … Continue reading

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The Bayer-Monsanto Merger Is Bad News for the Planet

By Ellen Brown Source: Truthdig Two new studies from Europe show that the number of birds in agricultural areas of France has crashed by a third in just 15 years, with some species being almost eradicated. The collapse in the … Continue reading

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“If poor people knew how rich rich people are, there would be riots in the streets”

By Staff, Anticap.wordpress.com Source: Popular Resistance Chris Rock may be right. Still, Americans are well aware that economic inequality in their country is obscene, even though they often underestimate the growing gap between the poor and the rich. But it’s … Continue reading

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This Chart Defines the 21st Century Economy

By Charles Hugh Smith Source: Of Two Minds There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus … Continue reading

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The social and economic roots of the attack on democratic rights

Inequality and the American oligarchy By Eric London Source: WSWS.org A report published September 27 by the US Federal Reserve, the Survey of Consumer Finances, shows that the top 10 percent of Americans now own 77 percent of all wealth. … Continue reading

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