The ECB’s Noose Around Greece: How Central Banks Harness Governments

The ECB’s Noose Around Greece: How Central Banks Harness Governments by Ellen Brown Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January …

Preparing To Asset-strip Local Government? The Fed’s Bizarre New Rules

In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, just changed the liquidity requirements for the nation’s largest banks. Municipal bonds, long considered safe liquid investments, have been eliminated from the …

Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

Posted on September 1, 2014 by Ellen Brown You can always count on Americans to do the right thing, after they’ve tried everything else.                      —Winston Churchill When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending …

Other News – SEC Commissioner Kara Stein Declares War on SEC Chair Mary Jo White

SEC Commissioner Kara Stein Declares War on SEC Chair Mary Jo White   Naked Capitalism*   A relatively new SEC Commissioner, Kara Stein, has decided to depart from the usual polite behavior regulatory overseers and is making noise about SEC decisions and policies that she finds to be dubious. The …

The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks

The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks Posted on August 5, 2013 by Ellen Brown The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, …

Collateral Damage: QE3 and the Shadow Banking System

  by Ellen Brown Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk …

Winner Takes All: The Super-priority Status of Derivatives

Posted on April 9, 2013 by Ellen Brown Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including …

NowStreet Events Update

  Transform the Markets, Change the World! Join us at upcoming NowStreet Events Crowdfunding Shark Attack Atlanta April 18, 2013 Hosted by the Ritz Group and NowStreet, the Crowdfunding Shark Attack is the culminating event resulting from a month-long crowdfunding awareness program. This nationally webcast event will feature three crowdfunding industry experts (sharks) …