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Good News – Big Opportunities on the Horizon
In the midst of so much bad news in the media, it is always good to be alert to rays of sunlight that civic action can build upon. First, let’s start with the sun, which is receiving increased respect these days by Earthlings. Various forms of solar energy – thermal, photovoltaic, wind, and passive (architecture) […]
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Government Debt is Not the Problem
Polarization of the American public reflects the polarization of its political Parties, both of whom strive for ascendancy by demeaning, contradicting, and formulating proposals to wrong the other; each Party wrongs itself and the American public. The recent and periodic arguments concerning the proposed federal budget, an entrance for initiating threats to “close the government,” […]
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More Banks to Fail? Not in North Dakota
U.S. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going into […]
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The Federal Debt Trap: Issues and Possible Solutions
“Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.” Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, according to the Congressional Budget Office (CBO), annual federal budget […]
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Peace Dollars: Putting Our Economic House In Order
The total federal deficit at $31+ trillion? Maybe it’s time for some creative thinking — a totally unique strategy that benefits all Americans, not just capitalist predators. Special use currency is not unprecedented. Abraham Lincoln used “greenbacks” — the paper currency shown above, backed by nothing more than confidence in the government — to finance the Civil War. He […]
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The True Meaning of Debt
In debating the validity of raising the debt limit, the United States Congress has not carefully analyzed the reasons for government debt and the meaning of all debt. The true meaning of debt has the modern capitalist system as a debt-driven system. All new money supply is debt and the money supply is the energy […]
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A Certain Form of Thieving
It looks like 2008 all over again. Economic and financial mismanagement feature in scorching, consuming brilliance. The culpable, bungling banksters, have returned with their customary, venal incompetence. In the customary script, they habitually seek the role of the public purse to socialise their losses. Along the way, they will avoid richly deserved prison sentences, lie […]
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The End of an Era
Why do the International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank– three of the most highly regarded international economic organizations-project a bleak road ahead for the global economy? Ominously, the World Bank warns of the possibility of a coming “lost decade” for economic growth. In January of this year, the […]
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How the War on Crypto Triggered a Banking Crisis
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing: [Crypto companies] have chosen to be noncompliant and not provide investors with confidence and protections, […]
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