Why Banks Aren’t Lending: The Silent Liquidity Squeeze

Why Banks Aren’t Lending: The Silent Liquidity Squeeze Ellen Brown July 15, 2011 http://WebofDebt.com/articles Why aren’t banks lending to local businesses? The Fed’s decision to pay interest on $1.6 trillion in “excess” reserves is a chief suspect. Where did all the jobs go? Small and medium-sized businesses are the major …

Why QE2 Failed: The Money All Went Offshore

Why QE2 Failed: The Money All Went Offshore Ellen Brown July 8, 2011 http://WebofDebt.com/articles On June 30, QE2 ended with a whimper. The Fed’s second round of “quantitative easing” involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got …