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Redeye

Haiti: Where Did The Money Go?

January 7, 2013
| After the earthquake in 2010, one in two American households contributed money to Haiti relief efforts. Yet Haiti is still struggling to recover from the devastation. A new film asks why.
Length: 17:14 minutes minutes (15.79 MB)
Redeye

The price of offshore tax havens

August 15, 2012
| The wealthy of the world have trillions of dollars in assets hidden in offshore accounts or tax havens.
Length: 16:55 minutes minutes (15.49 MB)
Redeye

The big banks' big secret

May 12, 2012
| In 2008 Stephen Harper said that Canada has the only banks in the western world that were not looking at bailouts. But a new report says that several banks did need extra money.
Length: 15:53 minutes
Alert! Radio from Canadian Dimension

Alert! #207: Occupy the System: Confronting Global Capitalism -- the 2012 Left Forum

March 15, 2012
| This episode of Alert! gives a taste of the Left Forum, a unique conference that convenes a broad spectrum of progressive intellectuals, activists, academics, organizations and the interested public.
Length: 53:23 minutes
Redeye

The growth of consumer debt

October 25, 2011
| Credit card debt began to rise sharply in the 1990s with major marketing campaigns. The middle class started to make up for a decline in real wages by using credit to make ends meet.
Length: 13:02 minutes

exchange and credit

 

"Banks create money. That is what they are there for. The manufacturing process consists of making a pen-and-ink or typewriter entry on a card in a book. That is all. Each and every time a bank makes a loan, new bank credit is created - new deposits - brand new money. Broadly speaking, all new money comes out of a bank in the form of loans. As loans are debts, then under the present system all money is debt." Graham Towers (1897-1975), Governor of the Bank of Canada from 1935-1955

Columnists

Challenging the private credit system: Who's bailing whom?

The time since 2008 has been a crucial historical moment for progressive economists to pull back the green curtain that surrounds the operation of the for-profit banking system, and expose that system for what it is: a government-protected, government-subsidized license to print money.

The problem is, as soon as you start saying things like that, people conclude you are some kind of wacked-out conspiracy theorist nut-bar. It sounds insane to claim that private banks have a license to create money out of thin air. As John Kenneth Galbraith put it, "The process by which banks create money is so simple that the mind is repelled."

J. Maureen Henderson

Money matters and don't you forget it

| February 7, 2011
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