Tags: public banking

Building an Ark: How to Protect Public Revenues from the Next Meltdown

October 14th, 2014
in Op Ed

Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or "bailing in") their customers' deposits. more »

Redirect the Helicopters

September 5th, 2014
in Op Ed

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet. more »

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

August 28th, 2014
in Op Ed

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed more »

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

August 14th, 2014
in Op Ed

Argentina has now taken the US to The Hague for blocking the country's 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need more »

California’s Top-Two Primary Eliminates Third-Party Rivals

June 14th, 2014
in Op Ed

Primary elections originated in the American progressive movement and were intended to take the power of candidate nomination away from party leaders and deliver it to the people. California's Top Two Primary takes power away from third parties representing the 99% and more »

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