07/26/2017
Connect:

Economics

Let me issue and control a nation‘s money and I care not who writes the laws.

– Amschel Rothschild

Perhaps the single most important thing to know about power in the world today is that most nations do not have control over their own currencies. Instead privately owned, for-profit central banks – such as the Federal Reserve Bank in the US – create money out of nothing and then loan it at interest to their respective governments. This is an incredibly profitable scam, but that’s not the worst of it.

Not only do the central banks have...

comments(0)

Global security begins in Washington, where the secretary of defense says that American isolationism is a bigger threat to the rest of the world than American hubris and that's why "we must remain the world's only global leader." If that sounds confused and contradictory, it's only because that's who we are as a government in the early 21st century.

Defense Secretary Chuck Hagel spoke at length (35 minutes) about "America's long-term national security priorities" as the keynote speaker for the Global Security Forum 2013,...

comments(0)

As I researched the banking system in Vermont for the public bank report I'm working on some interesting things emerged.  What you mainly hear from people in power is "Don't change anything!  Everything is fine!"  But a pattern emerges about sovereignty that I find very interesting.  Liberals (democrats) have always been ok with big government and centralized power, so it's not surprising that they don't support Vermont sovereignty.  They can't attack big business because then they will be called the dreaded socialist word.  Conservatives have always espoused local control, ie: states rights.  So what's...

comments(0)
Gwen Hallsmith of Vermonters for a New Economy joins Senator Anthony Pollina and Gund Institute researcher Gary Flomenhoft to announce a New Vermont Public Bank Study.
 
Imagine this: The once and future Vermont Republic establishes a Vermont Public Bank and doing so:
 
1. CREATES JOBS - create more than 2,500 more of them for Vermonters.
 
2. INCREASES CAPITAL: Add $192 million to the Gross State Product.
 
3. BOOSTS OUTPUT:...
comments(0)
From 2003 until September 2011, Bill Keller was Times executive editor. Earlier he was a reporter and Washington bureau chief. He's now an op-ed columnist and Times Magazine contributor. His columns are best avoided. They shun truth and full disclosure. They avoid telling readers what they most need to know. Managed news misinformation substitutes. All of it fit to print isn't fit to read. It's typical Times journalism. Readers are cheated. They're betrayed. They deserve better. Growing millions seek it. Alternative media sources provide it. ...
comments(0)

 

Burlington- Filling Contois Auditorium beyond capacity and spilling into its outer chambers, an enormous crowd packed the Burlington City Council meeting on Monday night in eager anticipation of last ditch arguments over the basing of the controversial F-35 Joint Strike Fighter at Burlington International Airport. Voting 10-4 to reject a measure that would have barred BTV from accepting...

comments(0)

Nearly 500 people marched into the Burlington, Vt., City Council meeting on October 28 to testify for or against the basing of the boondoggle F-35 warplane at Burlington International Airport.


The City Council planned to hear testimony before voting on two resolutions initiated by the Stop the F-35 Coalition that would bar the plane. One would have banned the plane outright--the other would have imposed noise and crash rate regulations that would have effectively kept the plane out as well.

The movement against the warplane had reached such a critical mass that just two weeks ago, activists were optimistic they would actually win. But Vermont's political...

comments(0)

(This essay is an excerpt from the forthcoming book, “The Vermont Way: Restless Spirits and Popular Movements”.)

The idea of defying the forces of centralized power and wealth can be seductive, especially if you live in a small, isolated place with a reputation for being contrary and the sense that it’s different, even exceptional.
 
In Congress, Vermont’s Bernie Sanders has reflected this perspective, challenging corporate secrecy and the powers of international financial institutions by forging alliances that cross traditional lines. When that strategy was attempted in Vermont during the late...
comments(0)

Secessionists should celebrate the DC shutdown.  WHOO HOO!  We got what we have wanted for 10 years.  For 16 days the national government was out of business. Did the economy collapse?  Did the terrorists attack?  Was there chaos in the streets?  Did the sky fall?  No.  None of these things happened.  The fear is overblown.

Was your life affected at all?  Seriously think about it.  It didn't affect me in the slightest.  I am not everyone, since I receive no federal government services, and am not employed by the feds.

I do think that Social Security and Medicare are important for now, but as Bernie has...

comments(0)

For all the talk about the United States approaching a catastrophic Debt Ceiling and subsequent unprecedented but exceptional default that would have unpredictable but probably dire impact on pretty much everybody, one thing you don’t hear much is that:

There is No Debt Ceiling.

Seriously, the relevant law literally does nothing to control the national debt. A serious Debt Ceiling law would prevent Congress from appropriating expenditures beyond the debt limit.  Congress has never done that, Congress probably never would do that, even if...

comments(0)

Pages

Subscribe to Economics