One of the best kept deceptions within common civic parlance is that our cities, states and communities are “broke” – a meme perpetuated by a lack of public knowledge about what governments do with their money and a highly profitable investment industry that uses those funds for substantial private profits that suck outrageous sums out of our common wealth.
This week It’s Our Money with Ellen Brown provides a look into where our “buried” civic treasure can be found and how we can use it to create substantial public benefit. Ellen shows how private financing of civic projects has created repeated windfalls for banks and investors, and she later talks with Professor Tom Greco about how communities can create credit-based economies to get free of the all-encompassing web of civic debt.
On the Public Banking Report, co-host Walt McRee discusses the location and contents of every community’s “treasure chest” with Scott Baker, an expert at evaluating how to determine how much is in it and how it can be used to dramatically change local economic prospects.
Filed under: Ellen Brown Articles/Commentary |
WEB OF DEBT BLOG 
[…] By Ellen Brown It’s Our Money with Ellen Brown – Where They Hid Our Civic Treasure and How We Can Get Our Hands On It One of the best kept deceptions within common civic parlance is that our cities, states and communities are “broke” – a meme perpetuated by a lack of public knowledge about what governments do […] …read more […]
Ellen Brown is a public treasure herself. I wish more people would find time to get enlightened by reading her invaluable books and articles on the subject of finance. Her books about the “Web of Debt” and on “Public Banking” have helped me acquire more understanding of finance than I have gathered from many years of persistent effort. I appreciate her willingness to run for public office (California Secretary of Treasury) and I hope that more people would get to know her and her work. It is rare that a person of such caliber and personal integrity is available to help us build a better society.
Thanks Michael!