By Nancy Spannaus Dec. 21, 2019—As of this writing, the Federal Reserve continues to pour out tens of billions of dollars a day into the Wall Street-centered banks, in the alleged interest of “providing liquidity” in the repo market. Yet, when it comes to providing funds (call it credit) for […]
By Nancy Spannaus Dec. 12, 2019—While the Federal Reserve, Wall Street, and most politicians brag that the American economy is doing just fine, a study released November 19 by two non-profits provides new information to the contrary: More than two million Americans lack access to clean water. The report “Closing […]
By Nancy Spannaus Nov. 30, 2019—On November 26, the American Medical Association issued a dramatic new wake-up call to Americans about the rising death rates which have made the United States the only industrialized country in the world with a declining life expectancy. The AMA’s “Special Communication” was an article […]
By Nancy Spannaus Nov. 21, 2019–“We Must Save America’s Manufacturing Sector, Prosperity in the post-industrial service economy is a myth,” read the headline of an article in Industry Week yesterday. The article presents a solid argument about the disastrous results for empires which have relied on their financial power, rather […]
By Nancy Spannaus Nov. 19, 2019—Are some Democrats actually ready to put the vital issue of infrastructure on Congress’s agenda again? Such a welcome change might be in the offing, thanks to the initiative of Oregon Democrat and Chairman of the House Transportation and Infrastructure Committee Peter DeFazio. Rep. DeFazio […]
By Nancy Spannaus Nov. 8, 2019—The coincidence of recent extravagant claims about the sterling performance of the American economy (highest stock market ever, lowest unemployment rates, etc.) and the persistent decline of key demographic indicators (increased mortality rate, increasing rates of suicide and other deaths of despair), should provoke some […]
By Nancy Spannaus October 23, 2019—Growing publicity for the off-Broadway play “The Haunting of Lin-Manuel Miranda,” which seeks to rebut the presentation of Alexander Hamilton as an abolitionist, has inspired me to write my own rebuttal. I assert that Alexander Hamilton’s economics aimed to end slavery, from the very beginning, […]
History Does Not Come in Black and White By Nancy Spannaus Oct. 11, 2019—The first issue of the revived Bulletin of Loudoun County History is a “must-read” for those seriously committed to achieving racial harmony in the United States. Three of the articles in the yearly journal focus on the […]
By Nancy Spannaus Oct. 13, 2019—If one is to take the actions of the Federal Reserve since Sept. 17 into account, the United States banking system (and perhaps the global one) has already entered into a new systemic crisis. The Fed is issuing tens of billions of dollars a day […]
Wall Street Speculators Out of Control!
Hamilton Denounced “Unprincipled Gamblers” By Nancy Spannaus Oct. 31, 2019—The Oct. 28 column in Wall Street on Parade revealed new evidence of the way in which Wall Street speculation, especially by JPMorgan Chase, is threatening the U.S. financial and economic system. I quote: But here’s the shocking news. According to […]