Ban All the Banks

Here's the Wild Idea that People are Starting to Take Seriously by Joe Weisenthal Business Insider (April 27 2014) http://static4.businessinsider.com/image/535d6775eab8eabe0739a650-1200-/its-a-wonderful-life-2-1.jpg Economists have begun seriously discussing the idea of banning banks. That seems ridiculous and far-fetched, but the idea might not be as crazy as it sounds. But before we get to the idea, there's something … Continue reading Ban All the Banks

The Biggest Secret About Banking Has Just Gone Mainstream

Banks Create Money Out of Thin Air ... Conferring Enormous Windfall Profits At the Expense of the People by WashingtonsBlog http://www.washingtonsblog.com (April 28 2014) We've pointed out for 4 1/2 years that banks create money out of thin air. Specifically, it has now been conclusively proven that loans come first ... and then deposits FOLLOW. … Continue reading The Biggest Secret About Banking Has Just Gone Mainstream

Trade Legerdemain on Both Sides of the Atlantic

by Pete Dolack http://systemicdisorder.wordpress.com (April 23 2014) The Democratic Party has responded to the resistance against ramming through new trade agreements by giving the process a new name. "Fast-track" has been rebranded as "smart-track" and, voila, new packaging is supposed to make us forget the rotten hulk underneath the thin veneer. Don't be fooled. The … Continue reading Trade Legerdemain on Both Sides of the Atlantic

Income (and Wealth) Inequality Becoming a Political Issue

by Thomas H Greco, Jr Beyond Money (April 27 2014) At long last, income inequality is becoming a mainstream political issue, thanks in large part to New York Times columnist Paul Krugman and Thomas Piketty, an obscure professor at the Paris School of Economics. The English translation of Picketty's new book Capital in the Twenty-First … Continue reading Income (and Wealth) Inequality Becoming a Political Issue

America’s Proposed TPP: Buyer Beware

Pacific-rim nations to get astonishingly small gains from the deal, while exposing themselves to high risks. by Kevin P Gallagher http://www.theglobalist.com (April 24 2014) Despite President Barack Obama's charm offensive in the region, Pacific nations are well-advised to remain wary of the US government's position on the Trans-Pacific Partnership agreement (TPP). If US trade negotiators … Continue reading America’s Proposed TPP: Buyer Beware