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… more »
Elizabeth Warren’s QE for Students: Populist Demagoguery or Economic Breakthrough?
by Ellen Brown On July 1, interest rates will double for millions of students – from 3.4% to 6.8% – unless Congress acts; and the legislative fixes on the table are largely just compromises. Only one proposal promises real relief – Sen. Elizabeth… more »
Republican Plan to End Social Security, Medicare and Medicaid
by Stephen Lendman Public rhetoric obscures important facts about these plans politicians won't discuss in their zeal to end them incrementally. Medicaid is welfare for low-income beneficiaries, jointly funded by the states and Washington, managed at… more »
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