Articles by Ellen Brown

We found 72 results.


The Disaster of Negative Interest Rates
Ellen Brown | Web of Debt – TRANSCEND Media Service, 30 Sep 2019

29 Sep 2019 – President Trump wants negative interest rates, but they would be disastrous for the U.S. economy; his objectives can be better achieved by other means.

→ read full article

Desperate Central Bankers Grab for More Power
Ellen Brown | Web of Debt – TRANSCEND Media Service, 23 Sep 2019

18 Sep 2019 – Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves.

→ read full article

The Key to a Sustainable Economy Is 5,000 Years Old
Ellen Brown | Web of Debt – TRANSCEND Media Service, 2 Sep 2019

30 Aug 2019 – We are again reaching the point known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist Michael Hudson writes, “Debts that can’t be paid won’t be paid.” The question, he says, is ‘how’ they won’t be paid.

→ read full article

Neoliberalism Has Met Its Match in China
Ellen Brown | Web of Debt – TRANSCEND Media Service, 12 Aug 2019

9 Aug 2019 – America’s chief competitor in the trade war is obviously China, which subsidizes not just worker costs but the costs of its businesses. The government owns 80% of the banks. Typically, if the businesses cannot repay the loans, neither the banks nor the businesses are put into bankruptcy. The non-performing loans are just carried on the books or written off. No private creditors are hurt, since the creditor is the government, and the loans were created on the banks’ books in the first place (following standard banking practice globally).

→ read full article

The Cheapest Way to Save the Planet Grows Like a Weed
Ellen Brown | Web of Debt – TRANSCEND Media Service, 29 Jul 2019

25 Jul 2019 – Planting billions of trees across the world is by far the cheapest and most efficient way to tackle the climate crisis. For skeptics who reject the global warming thesis, reforestation also addresses the critical problems of mass species extinction and environmental pollution, which are well documented. Rather than engaging in endless debates over carbon taxes and Silicon Valley-style technological fixes, we need to be regenerating our soils, our forests and our oceans with nature’s own plant solutions.

→ read full article

Libra: Facebook’s Audacious Bid for Global Monetary Control
Ellen Brown | Web of Debt – TRANSCEND Media Service, 1 Jul 2019

On June 18, Facebook unveiled a white paper outlining ambitious plans to create a new global cryptocurrency called Libra, to be launched in 2020. It has high hopes that Libra will become the foundation for a new financial system free of control by Wall Street and central banks. But it will not be competing with Visa or Mastercard, which are among its 28 soon-to-be co-founding members, including Paypal, Stripe, Uber, Lyft and eBay.

→ read full article

The American Dream Is Alive and Well—in China
Ellen Brown | Web of Debt – TRANSCEND Media Service, 17 Jun 2019

14 Jun 2019 – Unlike the U.S. government, the Chinese government supports its workers and its industries. Rather than penalizing China for that “unfair” trade practice, perhaps the U.S. government should try doing the same. China’s legacy is socialist, and after opening to international trade it has continued to serve the collective good, particularly of its workers. Meanwhile, the U.S. model has been regressing into feudalism, with workers driven into slave-like conditions through debt.

→ read full article

The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt
Ellen Brown | Web of Debt – TRANSCEND Media Service, 3 Jun 2019

31 May 2019 – The debt-growth model has reached its limits, as even the Bank for International Settlements, the “central bankers’ bank” in Switzerland, acknowledges. The BIS said that debt levels were too high, productivity growth was too low, and the room for policy maneuver was too narrow. “The global economy cannot afford to rely any longer on the debt-fueled growth model that has brought it to the current juncture,” the BIS warned. But the solutions it proposed would continue the austerity policies long imposed on countries that cannot pay their debts.

→ read full article

Banking on the People: Democratizing Money in the Digital Age
Ellen Brown | Web of Debt – TRANSCEND Media Service, 27 May 2019

25 May 2019 – Banking on the People: Democratizing Money in the Digital Age, by Ellen Brown, Democracy Collaborative (June 1, 2019). Today most of our money is created, not by governments, but by banks when they make loans. This book takes the reader step by step through the sausage factory of modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded nineteenth century system into one that is democratic, sustainable, and serves the needs of the twenty-first century.

→ read full article

The Public Banking Revolution Is Upon Us
Ellen Brown | Web of Debt – TRANSCEND Media Service, 22 Apr 2019

18 Apr 2019 – As public banking gains momentum across the country, policymakers in California and Washington State are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919.

→ read full article

Why Is the Fed Paying So Much Interest to Banks?
Ellen Brown | Web of Debt – TRANSCEND Media Service, 8 Apr 2019

3 Apr 2019 – Combining postal banks with a network of local public banks having affordable access to the Fed’s deep pocket could provide a safe and efficient public banking option for individuals, businesses and local governments.

→ read full article

Monetary Policy Takes Center Stage: MMT, QE or Public Banks?
Ellen Brown | Web of Debt – TRANSCEND Media Service, 25 Mar 2019

21 Mar 2019 – As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the U.S. and Europe, along with some interesting academic debates about how to fund them. Monetary policy, normally relegated to obscure academic tomes and bureaucratic meetings behind closed doors, has suddenly taken center stage.

→ read full article

QE Forever: The Fed’s Dramatic About-face
Ellen Brown | Web of Debt – TRANSCEND Media Service, 25 Feb 2019

21 Feb 2019 – Loans create deposits, and deposits make up the bulk of the money supply. Money today is created by banks as a debt on their balance sheets, and more is always owed back than was created, since the interest claimed by the banks is not created in the original loan. Debt thus grows faster than the money supply. When overextended borrowers quit taking out the new loans needed to repay old loans, the gap widens even further.

→ read full article

The Venezuela Myth Keeping Us from Transforming Our Economy
Ellen Brown | Web of Debt – TRANSCEND Media Service, 11 Feb 2019

9 Feb 2019 – Venezuela’s problems are not the result of the government issuing money and using it to hire people to build infrastructure, provide essential services and expand economic development. If it were, unemployment would not be at 33 percent and climbing. Venezuela has a problem the U.S. does not, and will never have: It owes massive debts in a currency it cannot print itself, namely, U.S. dollars. When oil (its principal resource) was booming, Venezuela was able to meet its repayment schedule.

→ read full article

Why Germany Leads in Renewables: It Has Its Own Green Bank
Ellen Brown | Web of Debt – TRANSCEND Media Service, 28 Jan 2019

26 Jan 2019 – The leader in renewable energy is Germany, called “the world’s first major renewable energy economy.” Germany has a public sector development bank called KfW (Kreditanstalt für Wiederaufbau or “Reconstruction Credit Institute”), which is even larger than the World Bank. Unlike private commercial banks, KfW does not have to focus on maximizing short-term profits for its shareholders while turning a blind eye to external costs, including those imposed on the environment.

→ read full article

Universal Basic Income Is Easier Than It Looks
Ellen Brown | Web of Debt – TRANSCEND Media Service, 31 Dec 2018

28 Dec 2018 – The pros and cons of a UBI are hotly debated and have been discussed elsewhere. The point here is to show that it could actually be funded year after year without driving up taxes or prices. New money is continually being added to the money supply, but it is added as debt created privately by banks.

→ read full article

This Radical Plan to Fund the ‘Green New Deal’ Just Might Work
Ellen Brown | Web of Debt – TRANSCEND Media Service, 24 Dec 2018

17 Dec 2018 – With what Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by newly-elected Rep. Alexandria Ocasio-Cortez (D-NY) appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop.

→ read full article

Central Banks Have Gone Rogue, Putting Us All at Risk
Ellen Brown | Web of Debt – TRANSCEND Media Service, 17 Sep 2018

14 Sep 2018 – Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.

→ read full article

How China’s Mobile Ecosystems Are Making Banks Obsolete
Ellen Brown | Web of Debt – TRANSCEND Media Service, 27 Aug 2018

23 Aug 2018 – Giant Chinese tech companies have bypassed credit cards and banks to create their own low-cost digital payment systems.

→ read full article

The Bayer-Monsanto Merger: Empowering a Life-Destroying Cartel
Dr. Vandana Shiva, Ellen Brown, Nick Meyer and Michael Welch– Global Research, 28 May 2018

20 May 2018 – This merger has implications not only for what goes on our dinner plate. There are questions of economic and political control that need to be addressed. Critics argue that the power of these economic giants is such that they have ‘captured’ regulatory agencies. Limitless financial resources permit these and similar companies to buy off academics, media and politicians.

→ read full article

Fox in the Hen House: Why Interest Rates Are Rising
Ellen Brown | Web of Debt – TRANSCEND Media Service, 30 Apr 2018

22 Apr 2018 – The Federal Reserve calls itself “independent,” but it is independent only of government. It marches to the drums of the banks that are its private owners. Congress needs to nationalize the Fed and turn it into a public utility, one that is responsive to the needs of the public and the economy, not of the banks.

→ read full article

The Bayer-Monsanto Merger Is Bad News for the Planet
Ellen Brown | Web of Debt – TRANSCEND Media Service, 9 Apr 2018

4 Apr 2018 – Bayer and Monsanto have a long history of collusion to poison the ecosystem for profit. The Trump administration should veto their merger not just to protect competitors but to ensure human and planetary survival.

→ read full article

Funding Infrastructure: Why China Is Running Circles around America
Ellen Brown | Web of Debt – TRANSCEND Media Service, 26 Mar 2018

“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. “It is the largest infrastructure project initiated by one nation in the history of the world and is designed to enable China to become the dominant economic power in the world.”

→ read full article

How Uncle Sam Launders Marijuana Money
Ellen Brown | Web of Debt – TRANSCEND Media Service, 29 Jan 2018

23 Jan 2018 – In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.

→ read full article

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young (Part 1)
Ellen Brown | Web of Debt – TRANSCEND Media Service, 15 Jan 2018

26 Dec 2017 – Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.

→ read full article

Student Debt Slavery: Time to Level the Playing Field (Part 2)
Ellen Brown | Web of Debt – TRANSCEND Media Service, 15 Jan 2018

5 Jan 2018 – The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students.

→ read full article

Central Bank Digital Currencies: A Revolution in Banking?
Ellen Brown | Web of Debt – TRANSCEND Media Service, 19 Sep 2016

Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).

→ read full article

The War on Weed Part II: Monsanto, Bayer, and the Push for Corporate Cannabis
Ellen Brown | Web of Debt – TRANSCEND Media Service, 11 Jul 2016

California’s “Adult Use of Marijuana Act” is a voter initiative characterized as legalizing marijuana use. But critics warn that it will actually make access more difficult and expensive, squeeze home growers and small farmers out of the market, heighten criminal sanctions for violations, and open the door to patented, genetically modified versions that must be purchased year after year.

→ read full article

Brexit and the Derivatives Time Bomb
Ellen Brown | Web of Debt – TRANSCEND Media Service, 4 Jul 2016

Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.

→ read full article

The War on Weed Is Winding Down – But Will Monsanto Be the Winner?
Ellen Brown | Web of Debt – TRANSCEND Media Service, 27 Jun 2016

The war on cannabis that began in the 1930s seems to be coming to an end. Research shows that this natural plant, rather than posing a deadly danger to health, has a wide range of therapeutic benefits. But skeptics question the sudden push for legalization, which is largely funded by wealthy investors linked to Big Ag and Big Pharma.

→ read full article

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
Ellen Brown, Web of Debt – TRANSCEND Media Service, 11 Apr 2016

In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama Leak,” UK blogger Craig Murray writes that the whistleblower no doubt had good intentions; but he made the mistake of leaking his 11.5 million documents to the corporate-controlled Western media, which released only those few documents incriminating opponents of Western financial interests.

→ read full article

Reinventing Banking: From Russia to Iceland to Ecuador
Ellen Brown, Web of Debt – TRANSCEND Media Service, 14 Dec 2015

11 Dec 2015 – Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items:

→ read full article

Hang Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion Bail-in
Ellen Brown, Web of Debt – TRANSCEND Media Service, 23 Nov 2015

The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”) . . . .

→ read full article

The Greek Coup: Liquidity as a Weapon of Coercion
Ellen Brown, Web of Debt – TRANSCEND Media Service, 3 Aug 2015

‘Let’s have an independent commission look into how on earth it is possible that a cabal of unelected movers and shakers gets full control over the entire financial structure of a democratically elected eurozone member government.’ As Canadian PM William L. M. King warned in 1935: “Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.”

→ read full article

Grexit or Jubilee? How Greek Debt Can Be Annulled
Ellen Brown, Web of Debt – TRANSCEND Media Service, 20 Jul 2015

Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. For Greece, leaving the EU may be perilous; but it opens provocative possibilities. The government could nationalize its insolvent banks along with its central bank, and start generating the credit the country desperately needs to get back on its feet.

→ read full article

“Guerrilla Warfare against a Hegemonic Power”: The Challenge and Promise of Greece
Ellen Brown, Web of Debt – TRANSCEND Media Service, 13 Jul 2015

9 Jul 2015 – Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.

→ read full article

“Sentence First, Verdict Afterwards”: The Alice in Wonderland World of Fast-tracked Secret Trade Agreements
Ellen Brown, Web of Debt – TRANSCEND Media Service, 22 Jun 2015

21 Jun 2015 – The terms of the TPP and the TiSA are so secret that drafts of the negotiations are to remain classified for four years or five years, respectively, after the deals have been passed into law. How can laws be enforced against people and governments who are not allowed to know what was negotiated?

→ read full article

Fast-tracking TiSA: Stealth Block to Monetary Reform
Ellen Brown, Web of Debt – TRANSCEND Media Service, 15 Jun 2015

Money is just an IOU, and the banks are rolling in it. So wrote David Graeber referring to a paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result was to throw the entire theoretical basis for austerity out of the window.

→ read full article

(Français) Partenariat Trans-Pacifique et mort de la République
Ellen Brown, Investig’Action – TRANSCEND Media Service, 18 May 2015

La juge Ellen Brown relève comment cet accord ferait passer le droit des multinationales avant celui des citoyens. Un problème qui se pose aussi à travers le TTIP.

→ read full article

The Trans-Pacific Partnership and the Death of the Republic
Ellen Brown, Web of Debt – TRANSCEND Media Service, 27 Apr 2015

On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the TPP, a massive trade agreement that would override our republican form of government and hand judicial and legislative authority to a foreign three-person panel of corporate lawyers. The TPP would elevate the rights of investors – also called the rights of “capital” – above the rights of the citizens.

→ read full article

The ECB’s Noose around Greece: How Central Banks Harness Governments
Ellen Brown, Web of Debt – TRANSCEND Media Service, 16 Mar 2015

Remember when the infamous Goldman Sachs delivered a threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or have central bank liquidity cut off to their banks? The European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs) has now made good on the threat. ECB goons are demonstrating once again that toxic central banking is a mortal enemy of democracy.

→ read full article

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives
Ellen Brown, Web of Debt – TRANSCEND Media Service, 22 Dec 2014

19 Dec 2014 – The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.

→ read full article

The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board
Ellen Brown, Web of Debt – TRANSCEND Media Service, 15 Dec 2014

For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters.

→ read full article

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners
Ellen Brown - TRANSCEND Media Service, 8 Dec 2014

Warren Buffett called derivatives “weapons of financial mass destruction;” they are a time bomb waiting to explode. When that happens, our deposits, our pensions, and our public investment funds will all be subject to confiscation in a “bail in.” Perhaps it is time to pull our money out of Wall Street and set up our own banks – banks that will serve the people because they are owned by the people.

→ read full article

Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans
Ellen Brown – TRANSCEND Media Service, 3 Nov 2014

The reality of how money is created today differs from some economics textbooks: Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits. While banks do not need [real] deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it.

→ read full article

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina
Ellen Brown, Web of Debt – TRANSCEND Media Service, 1 Sep 2014

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar.

→ read full article

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?
Ellen Brown, Web of Debt – TRANSCEND Media Service, 18 Aug 2014

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

→ read full article

Wall Street Greed: Not Too Big for a California Jury
Ellen Brown, Web of Debt – TRANSCEND Media Service, 28 Apr 2014

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

→ read full article

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins
Ellen Brown, Web of Debt – TRANSCEND Media Service, 31 Mar 2014

“As things stand, the banks are the permanent government of the country, whichever party is in power.”

→ read full article

Usurious Returns on Phantom Money: The Credit Card Gravy Train
Ellen Brown – TRANSCEND Media Service, 17 Feb 2014

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

→ read full article

Who Owns the Federal Reserve?
Ellen Brown - Global Research, 10 Feb 2014

“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s

→ read full article

Monsanto, the TPP, and Global Food Dominance
Ellen Brown, Web of Debt – TRANSCEND Media Service, 2 Dec 2013

Global food control has nearly been achieved, by reducing seed diversity with GMO (genetically modified) seeds that are distributed by only a few transnational corporations. But this agenda has been implemented at grave cost to our health; and if the Trans-Pacific Partnership (TPP) passes, control over not just our food but our health, our environment and our financial system will be in the hands of transnational corporations.

→ read full article

Public Banking in Costa Rica: A Remarkable Little-known Model
Ellen Brown – TRANSCEND Media Service, 18 Nov 2013

In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option.

→ read full article

Public Banking in Costa Rica: A Remarkable Little-known Model
Ellen Brown – TRANSCEND Media Service, 18 Nov 2013

In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option.

→ read full article

The Bank Guarantee That Bankrupted Ireland
Ellen Brown – TRANSCEND Media Service, 11 Nov 2013

The Irish have a long history of being tyrannized, exploited, and oppressed. Today, Ireland is under a different sort of tyranny, one imposed by the banks and the troika—the EU, ECB and IMF. The oppressors have demanded austerity and more austerity, forcing the public to pick up the tab for bills incurred by profligate private bankers.

→ read full article

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
Ellen Brown, Web of Debt – TRANSCEND Media Service, 23 Sep 2013

Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows.

→ read full article

Making the World Safe for Banksters: Syria in the Cross-hairs
Ellen Brown, Web of Debt – TRANSCEND Media Service, 10 Sep 2013

Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario. “The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”

→ read full article

Green Light for City-Owned San Francisco Bank
Ellen Brown, Web of Debt – TRANSCEND Media Service, 5 Aug 2013

Last year, Bank of America and other major banks were caught rigging debt service auctions, for which they had to pay $673 million in restitution. The question is: do taxpayers want to have their public monies in a bank that has been proven to be defrauding them? Compounding the risk is the reason Cyprus “bail in” shocker, in which depositor funds were confiscated to recapitalize two bankrupt Cypriot banks.

→ read full article

Think Your Money Is Safe in an Insured Bank Account? Think Again.
Ellen Brown – Global Research, 15 Jul 2013

A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money.

→ read full article

Depositors Beware: Bail-In Is Now Official E.U. Policy
Ellen Brown, Occupy – TRANSCEND Media Service, 8 Jul 2013

Shifting the burden of a major bank collapse from the blameless taxpayer to the blameless depositor is another case of robbing Peter to pay Paul, while the real perpetrators carry on with their risky, speculative banking schemes.

→ read full article

Bail-out Is Out, Bail-in Is In: Time for Some Publicly-Owned Banks
Ellen Brown – TRANSCEND Media Service, 13 May 2013

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus. Similar “bail-in” policies are now appearing in multiple countries. What triggered the new rules may have been a series of game-changing events including the refusal of Iceland to bail out its banks and their depositors.

→ read full article

The Trillion Dollar Coin: Joke or Game Changer?
Ellen Brown – TRANSCEND Media Service, 11 Feb 2013

The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.

→ read full article

Who Owns the Federal Reserve?
Ellen Brown – Global Research, 4 Feb 2013

“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s.

→ read full article

Cooperative Banking, the Exciting Wave of the Future
Ellen Brown - AlterNet, 28 May 2012

Rather than feeding off the community, banking can nourish the community and local economy. As our political system sputters, a wave of innovative thinking and bold experimentation is quietly sweeping away outmoded economic models.

→ read full article

How Greece Could Take Down Wall Street
Ellen Brown – Web of Debt, 27 Feb 2012

The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme. According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF Global, and why the 50% Greek bond write-down was not declared an event of default.

→ read full article

The Military as a Jobs Program: There are More Efficient Ways to Stimulate the Economy
Ellen Brown – Global Research, 27 Jun 2011

“Most politicians understand . . . that weapons production is currently the number one industrial export product of the U.S. They know that major industrial job creation is largely coming from the Pentagon. Thus most politicians, from both parties, want to continue to support the military industrial complex gravy train for their communities.” That explains why the country seems to be permanently at war. If we had peace, the war machine would be out of a job.

→ read full article

China’s Creative Accounting: Using Debt as an Instrument of Economic Development
Ellen Brown –Global Research, 8 Nov 2010

China’s government can direct its banks to advance credit in the national currency as needed, because it owns the banks. Ironically, the Chinese evidently got that idea from us. Sun Yat-sen was a great admirer of Abraham Lincoln, who avoided a crippling national debt by issuing debt-free Treasury notes during the Civil War; and Lincoln was following the lead of the American colonists, our forebears.

→ read full article

Time for a New Theory of Money
Ellen Brown – Yes! Magazine, 1 Nov 2010

By understanding that money is simply credit, we unleash it as a powerful tool for our communities.

→ read full article

Basel III: Tightening the Noose on Credit
Ellen Brown – The Web of Debt, 27 Sep 2010

The stock market shot up on September 13, after new banking regulations were announced called Basel III. Wall Street breathed a sigh of relief. The megabanks, propped up by generous taxpayer bailouts, would have no trouble meeting the new capital requirements, which were lower than expected and would not be fully implemented until 2019. Only the local commercial banks, the ones already struggling to meet capital requirements, would be seriously challenged by the new rules.

→ read full article

AIG-GATE: THE WORLD’S GREATEST INSURANCE HEIST
Ellen Brown – Global Research, 10 Feb 2010

Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:Each day brings more revelations of efforts of the NY Fed and Goldman Sachs […]

→ read full article

THE IMF TO PLAY ROLE OF GLOBAL CENTRAL BANK?
Ellen Brown, 6 Oct 2009

The Dollar Needs to be Devalued by Half?“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.” The IMF may have catapulted to […]

→ read full article

THE TOWER OF BASEL: SECRETIVE PLANS FOR THE ISSUING OF A GLOBAL CURRENCY
Ellen Brown, 18 Apr 2009

Do we really want the Bank for International Settlements (BIS) issuing our global currency? In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote: “A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution […]

→ read full article