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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.
(4 comments) SHARE Friday, December 27, 2019 The Key to Solving the Climate Crisis Is Beneath Our Feet
Saving the planet from environmental destruction is not only achievable, but that by focusing on regenerative agriculture and tapping up the central bank for funding, the climate crisis can be addressed without raising taxes and while restoring our collective health.
(19 comments) SHARE Wednesday, November 6, 2019 Is the Run on the Dollar Due to Panic or Greed?
The whole repo rigmarole underscores the sleight of hand on which our money and banking systems are built, and why it is time to change them. The banks could not function without public support. They should be turned into public utilities, mandate interests of the people and the productive economy on which the public depends.
(2 comments) SHARE Wednesday, September 25, 2019 Trump's Recipe for Economic Disaster
The U.S. doesn't need negative interest rates, because it doesn't have the EU's problems but it does have other problems unique to the U.S. dollar that could spell disaster if negative rates were enforced.
(4 comments) SHARE Wednesday, September 18, 2019 Central Bankers' Desperate Grab for Power
Central banks actually serve some useful functions. Better would be to nationalize the Fed, turning it into a true public utility, mandated to serve the interests of the economy and the voting public. It's our money, and we should be able to decide where it goes.
(17 comments) SHARE Thursday, July 25, 2019 The Cheapest Way to Save the Planet Grows Like a Weed
Hemp can help save our shrinking forests by eliminating the need to clear-cut them for paper pulp. One acre planted in hemp produces as much pulp as 4.1 acres of trees, according to the USDA; and unlike trees, hemp can be harvested two or three times a year. Hemp paper is also finer, stronger and lasts longer than wood-based paper. Benjamin Franklin's paper mill used hemp.
(5 comments) SHARE Wednesday, June 26, 2019 Facebook May Pose a Greater Danger Than Wall Street
On June 18, Facebook unveiled a white paper outlining ambitious plans to create a new global cryptocurrency called Libra, to be launched in 2020. Facebook reportedly has high hopes that Libra will become the foundation for a new financial system free of control by Wall Street power brokers and central banks.
(5 comments) SHARE Sunday, April 21, 2019 The public banking revolution is upon us
State infrastructure needs are huge, and the existing funding options -- raising taxes, cutting services and increasing debt levels -- have been exhausted. Newly-created credit directed into local communities by publicly-owned banks can provide the additional funding that local governments critically need.
(15 comments) SHARE Wednesday, March 20, 2019 The Secret to Funding a Green New Deal
To fund a project as massive as the Green New Deal, we need a mechanism that involves neither raising taxes nor adding to the federal debt; and such a mechanism is proposed in the U.S. Green New Deal itself -- a network of public banks. A network of public banks, including a central bank operated as a public utility, could similarly fund a U.S. Green New Deal.
(28 comments) SHARE Saturday, February 23, 2019 QE Forever: The Fed's Dramatic About-face
The banks will get off the hook again and bite the taxpayer hand that feeds them. Congress should nationalize the Fed, the banks, or both, if they don't start sharing the wealth.
(39 comments) SHARE Saturday, February 9, 2019 The Venezuela Myth Keeping Us From Transforming Our Economy
Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should "be a larger part of our conversation" when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits.
(14 comments) SHARE Saturday, November 3, 2018 Trump's War on the Fed
Higher interest rates do not serve consumers, home-buyers, businesses or governments. They serve the banks that dominate the policy-setting FOMC. The president's critiques of the Fed, however controversial, have opened the door to a much-needed discourse on whether the fate of the economy should be in the hands of unelected bureaucrats marching to the drums of Wall Street.
(1 comments) SHARE Wednesday, October 3, 2018 Breaking with Wall Street: L.A. Puts It to the Voters
The numbers are there to support the case for a Los Angeles city-owned bank, but a critical ingredient in effecting revolutionary change is finding the political will. The L.A. City Council has it, and is taking the matter to the voters.
(20 comments) SHARE Saturday, September 15, 2018 Central Banks Have Gone Rogue, Putting Us All at Risk
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.
(14 comments) SHARE Monday, July 30, 2018 Trump Takes on the Fed
The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility.
(5 comments) SHARE Sunday, May 27, 2018 Blackstone, BlackRock or a Public Bank? Putting California's Funds to Work
California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state -- while the funds remained safely on deposit in the bank.
(11 comments) SHARE Wednesday, April 4, 2018 The Bayer-Monsanto Merger Is Bad News for the Planet
Global food control has nearly been achieved, by reducing seed diversity and establishing proprietary control with GMO seeds distributed by only a few transnational corporations, led by Monsanto; and by a massive, taxpayer-subsidized propaganda campaign in support of GMO seeds and neurotoxic pesticides.
(18 comments) SHARE Monday, March 19, 2018 The War on the Post Office
The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.
(8 comments) SHARE Wednesday, February 28, 2018 Funding Infrastructure: Why China Is Running Circles Around America
While American politicians argue endlessly about where to find the money, China has been forging full steam ahead with its mega-projects. Where do the banks get the money? Basically, they print it. Not directly. Not obviously. But as the Bank of England has acknowledged, banks do not merely recycle existing deposits but actually create the money they lend by writing it into their borrowers' deposit accounts...