The Looming Foreclosure Crisis

foreclosure crisis 2014

Ellen Brown: Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

Buying Up the Planet

central banks buying stocks

Ellen Brown: Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates. Indeed, central banks have become some of the world’s largest stock investors.

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

Top-Two Primary

Ellen Brown: 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 delivers it to the 1%.

How the Credit Card Gravy Train Is Running Over You

credit-card-crazy-600

Credit Card Trap: The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

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