Green Social Thought

Produce less. Distribute it fairly. Create a greener world for all.

Subscribe
Donate

Tag: Federal Reserve

  • Monetary Reform is a Foundation Issue

    Monetary Reform is a Foundation Issue

    —

    by

    amuellerrowry
    in

    It is important to realize that the nature of the monetary system is a foundational or fundamental political issue. The Green Party platform policies are quite unlikely to be achieved under the Federal Reserve monetary system. This is due to the Green Party platform policies being oriented to the overall wellbeing of society — people…

  • The Fed Protects Gamblers at the Expense of the Economy

    —

    by

    rsburke
    in

    Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now…

  • Paul Volcker’s Long Shadow

    —

    by

    rsburke
    in

    Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away Dec. 8 at age 92, probably did have the greatest historical impact of any Fed chairman, his legacy is, at best, controversial. “He restored credibility to the Federal Reserve at…

  • Fox in the Hen House: Why Interest Rates Are Rising

    —

    by

    rsburke
    in

    Ellen Brown http://EllenBrown.com April 22, 2018 The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for…

  • Saving Illinois: Getting More Bang for the State’s Bucks

    —

    by

    fitzdon

    Illinois is insolvent, unable to pay its bills. According to Moody’s, the state has $15 billion in unpaid bills and $251 billion in unfunded liabilities. Of these, $119 billion are tied to shortfalls in the state’s pension program. On July 6, 2017, for the first time in two years, the state finally passed a budget,…

  • The Savings and Stability of Public Banking

    —

    by

    fitzdon

    As a society obsessed by money, we pay a gigantic price for not educating high school and college students about money and banking. The ways of the giant global banks – both commercial and investment operations – are as mysterious as they are damaging to the people. Big banks use the Federal Reserve to maximize…