The Italian Banking Crisis: No Free Lunch – Or Is There?


Ellen Brown (nsnbc) : It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored.  On December 4, 2016, Italian voters rejected a referendum More...

by Ellen H. Brown | Published 4 weeks ago
Women shows stacks of 100 Bolivar bills. Courtesy (AFP).
By nsnbc On Monday, December 19th, 2016

Venezuela Keeps Border to Colombia Shut until January 2 in Attempt to Counter Economic Chaos

nsnbc : Venezuelan President Nicolas Maduro issued a decree to keep the border between Venezuela and Colombia shut until January 2. The border was initially closed for 72 hours as the country withdraws its 100Bs More...

Venezuelan Communications Minister Ernesto Villegas made the announcement on Tuesday. (Archive)
By nsnbc On Friday, December 16th, 2016

Venezuela Cuts VAT by 2% for Electronic Payment Transactions to Limit Cash Flow

Jeanette Charles (VA) : The Venezuelan government announced Tuesday a two percent reduction in value added taxes paid in electronic transactions as part of an initiative to encourage less physical currency use. Venezuelan More...

By nsnbc On Thursday, December 15th, 2016

Brussels Airlines to be Integrated in Lufthansa’s Eurowings Group

nsnbc : The Belgian Brussels Airlines will be integrated in Lufthansa’s low-cost carrier Eurowings Group said Lufthansa CEO Carsten Spohr. Brussels Airlines is Belgium’s sole at lest semi-national airlines. More...

Chinese President Xi Jinping, center, U.S. President Barack Obama and U.N. Secretary-General Ban Ki-moon shake hands during a joint ratification of the Paris climate change agreement in eastern China’s Zhejiang province, Sept. 3, 2016. How Hwee Young/Pool Photo via AP
By nsnbc On Wednesday, December 7th, 2016

For China, climate change is no hoax – it’s a business and political opportunity

Matthew Kahn (TC) : In mid-November, while Americans were preoccupied with election returns, China sent some of its clearest signals yet that it will continue to pursue an international leadership role on issues More...

Venezuela’s highest value banknote will go from 100 Bolivars to 20,000.
By nsnbc On Tuesday, December 6th, 2016

Venezuela’s Central Bank Announces New Banknotes and Coins

Rachel Boothroyd-Rojas (VA) : Venezuela’s Central Bank (BCV) has announced that it will progressively begin to circulate nine new higher denomination notes and coins as of December 15. Venezuela’s highest value More...

Image courtesy IKEA Russia.
By nsnbc On Saturday, December 3rd, 2016

Cool War: IKEA Account Frozen by Russian Court over Generator Bill

nsnbc : A court in the Russian city Smolensk has frozen $145 million or 9.3 billion rubles from the bank account of the Russian subsidiary of the Swedish furniture manufacturer and retailer IKEA. The lawsuit was More...

Venezuelan Oil Minister Eulogia del Pino celebrates Wednesday’s agreement in Vienna (Euologio del Pino/Twitter).
By nsnbc On Friday, December 2nd, 2016

Venezuela Celebrates “Historic” OPEC Deal

Rachel Boothroyd-Rojas (VA) :  The Organization of Oil Producing Countries (OPEC) has reached a much anticipated deal to cut production to 32.5 million barrels of oil a day across member states following months More...

By Ellen H. Brown On Thursday, December 1st, 2016

Two Recent Power Points on Public Banking, in Englewood, CO, and Santa Rosa, CA

Ellen H. Brown (nsnbc) : Here are my latest efforts at presenting the public banking model by power point. The longer version was at an event in Englewood, CO, on October 30, called “Taking Back the Money Power: The More...

The Bolivar (BsF) has lost over 40 percent since the start of November, according to unofficial exchange tracking website (Ryan Mallett-Outtrim/ Venezuelanalysis)
By nsnbc On Sunday, November 27th, 2016

Venezuela’s Currency Takes Another Dive

Ryan Mallett-Outtrim (VA) : Venezuela’s beleaguered currency looked set Friday to lose around half its value in a month. The currency, the Bolivar (BsF) has lost over 40 percent since the start of November, according More...