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Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling WEB OF DEBT. In THE PUBLIC BANK SOLUTION, her latest book, she explores successful public banking models historically and globally. Her websites are http://EllenBrown.com, http://PublicBankSolution.com, and http://PublicBankingInstitute.org.
(24 comments) SHARE Sunday, July 3, 2016 Brexit and the Derivatives Time Bomb
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.
SHARE Saturday, June 25, 2016 As the War on Weed Winds Down, Will Monsanto Be the Big Winner?
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.
(21 comments) SHARE Saturday, May 14, 2016 "Print the Money": Trump's "Reckless" Proposal Echoes Franklin and Lincoln
"Print the money" has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today.
(6 comments) SHARE Tuesday, May 3, 2016 Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?
Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead.
(12 comments) SHARE Monday, April 11, 2016 The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
Exposing tax dodgers is a worthy endeavor, but the "limited hangout" of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.
(41 comments) SHARE Sunday, March 13, 2016 Exposing the Libyan Agenda: A Closer Look at Hillary's Emails
Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton's recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty.
(24 comments) SHARE Wednesday, January 27, 2016 The Populist Revolution: Bernie and Beyond
Contenders with their fingers on the popular pulse are surging ahead of their establishment rivals. Sanders has picked up the baton where Occupy Wall
Street left off, forcing his opponent Hillary Clinton to respond . . .
(31 comments) SHARE Monday, January 18, 2016 The Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding
In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed's "independence" by tapping its reserves and bank dividends for infrastructure funding.
The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly.
(28 comments) SHARE Wednesday, December 30, 2015 A Crisis Worse than ISIS? Bail-Ins Begin
While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US.
(20 comments) SHARE Saturday, December 12, 2015 Reinventing Banking: From Russia to Iceland to Ecuador
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 developments are those in Russia, Iceland, Ireland, the UK and Ecuador.
(12 comments) SHARE Wednesday, October 28, 2015 How Obama Could Beat the Debt Ceiling and Go Out a Hero
One good gimmick deserves another. The debt ceiling could be eliminated for good, by restoring to the government its constitutional authority to create money. Article 1, Section 8, provides: "The Congress shall have the power to coin money [and] regulate the value thereof . . . ." The president could pay the government's bills by issuing some large denomination coins by executive order.
(7 comments) SHARE Thursday, October 22, 2015 Killing Off Community Banks -- Intended Consequence of Dodd-Frank?
The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing -- except in North Dakota, where they are thriving.
(23 comments) SHARE Wednesday, September 23, 2015 Time for the Nuclear Option: Raining Money on Main Street
Predictions are that we will soon be seeing the "nuclear option" -- central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits.
(44 comments) SHARE Thursday, September 3, 2015 Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal
Jeremy Corbyn, who is currently leading in the polls for UK Labour Party leadership, has included in his platform "quantitative easing for people." The proposal has critics crying hyperinflation and supporters saying it's about time.
(13 comments) SHARE Wednesday, August 19, 2015 Trumping the Federal Debt Without Playing the Default Card
The government can reduce the debt by buying it -- and ripping it up. The debt can be bought either with debt-free U.S. Notes of the sort issued during the Civil War, or with U.S. dollars issued by the Federal Reserve--a kind of "quantitative easing" for the people.
(15 comments) SHARE Friday, July 31, 2015 The Greek Coup: Liquidity as a Weapon of Coercion
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn't refuse.
(50 comments) SHARE Wednesday, July 15, 2015 Grexit or Jubilee? How Greek Debt Can Be Annulled
The crushing Greek debt could be canceled the way it was made -- by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
(11 comments) SHARE Thursday, July 9, 2015 "Guerrilla Warfare Against a Hegemonic Power": The Challenge and Promise of Greece
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.
(18 comments) SHARE Saturday, July 4, 2015 A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World
Pope Francis' revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.