Economic Articles from 2017

What a State-Owned Bank Can Do for New Jersey

[Economic]
What a State-Owned Bank Can Do for New Jersey
by Ellen Brown
Posted May 24, 2017

bypassing Wall StreetPhil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”

A former Wall Street banker himself, Murphy knows how banking works. But in an April 7 op-ed in The New Jersey Spotlight, former New Jersey state treasurer Andrew Sidamon-Eristoff questioned the need for a state-owned bank and raised the issue of risk. This post is in response to those arguments, including a short refresher on the stellar model of the Bank of North Dakota (BND), currently the nation’s only state-owned depository bank. More…

Where Automation Poses the Biggest Threat to American Jobs

[Economic]
Where Automation Poses the Biggest Threat to American Jobs
by Alana Semuels
Posted May 24, 2017

automation threats to future workersEconomists expect that millions of American jobs are going to be replaced by automation in the coming decades. But where will those job losses take place? Which areas will be hardest hit?

Much of the focus regarding automation has been on the Rust Belt. There, many workers have been replaced by machines, and the number of factory jobs has slipped as more production is offshored. While a lot of the rhetoric about job loss in the Rust Belt has centered on such outsourcing, one study from Ball State University found that only 13 percent of manufacturing job losses are attributable to trade, and the rest to automation.

A new analysis suggests that the places that are going to be hardest-hit by automation in the coming decades are in fact outside of the Rust Belt. More…

If China Can Fund Infrastructure With Its Own Credit, So Can We

[Economic]
If China Can Fund Infrastructure With Its Own Credit, So Can We
By Ellen Brown
Posted May 22, 2017

US could learn from ChinaWhile American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade. How have they done it, and why can’t we?

A key difference between China and the US is that the Chinese government owns the majority of its banks. About 40% of the funding for its giant railway project comes from bonds issued by the Ministry of Railway, 10-20% comes from provincial and local governments, and the remaining 40-50% is provided by loans from federally-owned banks and financial institutions. Like private banks, state-owned banks simply create money as credit on their books. (More on this below.) The difference is that they return their profits to the government, making the loans interest-free; and the loans can be rolled over indefinitely. In effect, the Chinese government decides what work it wants done, draws on its own national credit card, pays Chinese workers to do it, and repays the loans with the proceeds. More…

Banks Are Evil

[Economic]
Banks Are Evil
by Adam Taggart
Posted May 22, 2017

banks are evilIt’s time to get painfully honest about this. I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial industry — with the big banks at its core — as the root cause of injustice in today’s society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I’m choosing that word deliberately: Evil.

In my opinion, it’s long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under — the banks control it all. And they run the system for their benefit, not ours. More…

The Plan to Control ALL Your Money is Now at Advanced Stage

[Economic]
The Plan to Control ALL Your Money is Now at Advanced Stage
by Ben Traynor
Posted May 19, 2017

the beginnings of massive theft“They’re coming for your money. Every last penny.” That sounds like a weird, tinfoil-hat thing to say, doesn’t it? And I guess it is.

As the old saying goes, though, just because you’re paranoid doesn’t mean they’re not out to get you!

Because it turns out – as you’ll keep reading you’ll learn exactly why I’m saying this – that they really do plan to take total control of your money. Every penny you have in the bank and anything you take out of the bank too.

I will show you how the monetary powers plan to take control of your wealth. You’ll also see why this plan is already at a very advanced stage. Armed with this knowledge, you’ll be able to spot the warning signs before they put their plan into action. So you can get ahead of this new threat to your financial well-being. More…

The Student Debt Servitude Sham

[Economic]
The Student Debt Servitude Sham
By Gordon T Long
Posted May 18, 2017

students make banks richMany today strongly believe it is morally wrong to indenture students to the degree of liabilities presently required to achieve the education required to become a productive contributor within our modern society.

The question we need to demand answers to is why has college costs for students exploded upward, while salaries and job positions for graduates has not? What is driving the relentless and inexplicable surge in the debt burden for students and their parents?

The well researched “Ivy League Inc” by my friends at OpenTheBooks only begins to scratch the surface of what is minimally a sham and may be better described as an orchestrated banking scam, not to dissimilar in design to the last financing bubble (i.e. the Residential Real Estate bubble in the last decade). Let me take the discussion in a critical direction which they politically may have felt it to be too sensitive to broach? More…

Slavehood 2017: Social Chaos and Global Warfare. “Puppet Leaders’ Greed for Power and Money”

[Economic]
Slavehood 2017: Social Chaos and Global Warfare. “Puppet Leaders’ Greed for Power and Money”
By Peter Koenig
Posted May 16, 2017

the new slaveryWhen in the 18th and 19th Century African slaves did not ‘behave’, they were cruelly beaten sometimes to death as a deterrent for others. They were deprived of food for their families. Their women were raped. They were traded to even harsher white masters. Their lives were worth only what their labor could produce. They were treated as subjects, devoid of human warmth.

Today we have become all slaves; slaves to the powers of mafia bankster of finance; slaves to the western lie-propaganda; to the lobbies and their giant all dominating corporations – to the war-industry, because we happily believe what we are told about ever-increasing terrorism that needs to be fought with eternal wars; slaves to the environment-destructive hydrocarbon industry; to the pharma-industry; to the Monsanto-ized agroindustry; to senseless consumerism – and foremost – and summing it all up: to greed, endless greed that drives endless growth, nurturing endless competition fomenting adversity, destroying solidarity, instead of amical cooperation for a harmonious human cohabitation. More…

Are U.S. Taxpayers Now on the Hook for Risky Wall Street Real Estate Backed Bonds?

[Economic]
Are U.S. Taxpayers Now on the Hook for Risky Wall Street Real Estate Backed Bonds?
by Michael Krieger
Posted May 14, 2017

newest slumlord, courtesy of the taxpayersLet’s revisit a little contemporary American robber baron history. In the immediate aftermath of the U.S. financial crisis, financial oligarchs immediately got to work helping Main Street climb out of the Wall Street created ditch by buying foreclosed homes from hordes of newly destitute Americans and then renting them back to those same people.

Well they aren’t really your “new” slumlord in the sense you have been debt slaves to the financials system for decades. What I really mean is that it is now becoming overt and literal. Literal because financiers are now the main players in the real estate market and are buying all the homes ordinary citizens were kicked out of over the past few years. Yep, we bailed out the financial system so that financiers with access to cheap credit can buy up all of America’s real estate so that they can then rent it back to you later. More…

Page 1 of 612345...Last »

End The Illusion Films

End The Illusion Blog


Go to HOME PAGE


_____________________________

Quotable Sayings

story teller

We experience the world through stories. Whoever tells the stories of a culture defines the terms, the agenda, and the common issues we face. It used to be the parent, the school, the church, the community.

Now it’s a handful of global conglomerates that have nothing to tell, but a great deal to sell.

George Gerbner

_____________________________
_____________________________

The Shocking Truth about Our Money System and How We Can Break Free!

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.