Articles

www.scheerpost.com The Federal Reserve is not working for the people but for wealthy individuals and corporations that can afford to have a say in the rules. Professor James Galbraith, University of Texas. UNCTAD, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia Commons Banks collapsing, high inflation and countries moving away from the dollar spell big economic trouble for the United States. Economist and author James Galbraith joins Scheer Intelligence host Robert Scheer in discussing how the dwindling path of U.S. economic decision-making has led to the current state of affairs and the role of policy, including the actions of the Federal Reserve, politics and corporate takeover, in the state of the country.Many of the problems defined by Galbrait...

byEDITOR The monument sign in front of the parking lot of the Silicon Valley Bank headquarters at 3003 West Tasman Drive, Santa Clara, California. Minh Nguyen, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons By Ellen Brown / Original to ScheerPost On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized: What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means … is that they have guaranteed the entire deposit base of the U.S. financial system. The entire deposit base. Why? Because you can’t guarantee all the deposits in Silic...