The U.S. federal debt has now passed $37 trillion and is growing at the rate of $1 trillion every five months. Interest on the debt exceeds $1 trillion annually, second only to Social Security…| WEB OF DEBT BLOG
1 post published by Ellen Brown during August 2025| WEB OF DEBT BLOG
This month Congress passed the GENIUS Act, an acronym for the “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.” Designed to regulate stablecoins, a category of crypt…| WEB OF DEBT BLOG
Credit to JustMoney.com for the image, editing and posting. A thriving economy requires that credit flow freely for productive use. But today, a handful of giant banks diverts that flow into an exp…| WEB OF DEBT BLOG
In February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes. The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. That move would affect roughly 75% of workers, according to U.S. Census Bureau data. On its […]| WEB OF DEBT BLOG
President Trump has repeatedly expressed his admiration for Republican President William McKinley, highlighting his use of tariffs as a model for economic policy. But critics say Trump’s tariffs, which are intended to protect U.S. interests, have instead fueled a stock market nosedive, provoked tit-for-tat tariffs from key partners, risk a broader trade withdrawal, and could increase the federal […]| WEB OF DEBT BLOG
North Dakota is staunchly conservative, having voted Republican in every presidential election since Lyndon Johnson in 1964. So how is it that the state boasts the only state-owned bank in the nation? Has it secretly gone socialist? No. The Bank of North Dakota (BND) operates on the same principles as any capitalist bank, except that […]| WEB OF DEBT BLOG
The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is not yet available, but interest payments as a percent of tax receipts rose to 37.8% in the third quarter of 2024, the highest since 1996. That means interest is eating up over […]| WEB OF DEBT BLOG
Buncombe County North Carolina – damage after Hurricane Helene floods. NCDOTcommunications, CC BY 2.0 https://creativecommons.org/licenses/by/2.0, via Wikimedia Commons Asheville, North Carolina, is known for its historic architecture, vibrant arts scene and as a gateway to the Blue Ridge Mountains. It was a favorite escape for “climate migrants” moving from California, Arizona, and other climate-challenged vicinities, until a “500 […]| WEB OF DEBT BLOG
Fifteen years have passed since the Occupy Wall Street movement focused attention on the inequities and hazards of large Wall Street banks, particularly those risky banks with trillions of dollars in derivatives on their books. “Move your money” was the obvious response, but what could local governments do? Their bank accounts were too large for […]| WEB OF DEBT BLOG
China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades. Currently featured in the news is DeepSeek, the free, open source A.I. built by innov…| WEB OF DEBT BLOG
In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling, reclaiming the Court’s role as interpreter of statutory law as it applies to a massive body of regula…| WEB OF DEBT BLOG
The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all? This is a sequel to a Jan. 15 article…| WEB OF DEBT BLOG
