The onion is being peeled in the AIG bailout, which is being compared to the Watergate scandal.
Read more here –
http://www.webofdebt.com/articles/aig_gate.php
Filed under: Ellen Brown Articles/Commentary | 8 Comments »
AIG-GATE: THE WORLD’S GREATEST INSURANCE HEIST
Posted on February 5, 2010 by Ellen Brown
JPMorgan vs. Goldman Sachs: Why the Market Was Down 7 Days in a Row
Posted on January 29, 2010 by Ellen Brown
We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). The bodies left on the battleground could include your pension fund and 401K.
Read the full article here.
Filed under: Ellen Brown Articles/Commentary | 3 Comments »
FUNDING PUBLIC HEALTH CARE WITH A PUBLICLY-OWNED BANK: HOW CANADA DID IT
Posted on January 23, 2010 by Ellen Brown
The story goes that Churchill offered a woman 5 million pounds to sleep with him. She hedged and said they would have to discuss terms. Then he offered her 5 pounds. “Sir!” she said. “What sort of woman do you think I am?” “Madam,” he replied, “We’ve already established that. Now we’re just haggling over the price.”
The same might be said of President Obama’s health care bill, which was sold out to corporate interests early on. The insurance lobby had its way with the bill; after that they were just haggling over the price. The “public option” was so watered down in congressional deal-making that it finally disappeared altogether.
Read more here –
http://www.webofdebt.com/articles/canadian_healthcare.php
Filed under: Ellen Brown Articles/Commentary | 36 Comments »
ESCAPE FROM POTTERSVILLE: THE NORTH DAKOTA MODEL FOR CAPITALIZING COMMUNITY BANKS
Posted on January 4, 2010 by Ellen Brown
The recent proposal to vote with our feet by shifting our deposits from Wall Street to community banks is a great start. However, community banks are not suffering from a lack of deposits so much as from a lack of the capital they need to make new loans, and investment capital today is scarce. There is a way out of this dilemma, demonstrated for over 90 years by the innovative state of North Dakota — a partnership in which community banks are backed by the deep pockets of a state-owned bank.
Read more here –
http://www.webofdebt.com/articles/pottersville.php
Filed under: Ellen Brown Articles/Commentary | 5 Comments »
LET THEM EAT CAKE: THE ANOMALY OF COMPULSORY PRIVATE HEALTH INSURANCE
Posted on December 22, 2009 by Ellen Brown
Rather than focusing on making health care affordable, the current debate is on how to force people either to buy health insurance if they don’t have it, or to pay more for it if they do
Read more here –
http://www.webofdebt.com/articles/eat_cake.php
Filed under: Ellen Brown Articles/Commentary | 24 Comments »
EU/IMF REVOLT: GREECE, ICELAND, LATVIA MAY LEAD THE WAY
Posted on December 12, 2009 by Ellen Brown
Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.
Read more here –
http://www.webofdebt.com/articles/eu_imf.php
Filed under: Ellen Brown Articles/Commentary | 46 Comments »
More from the Daily Bell
Posted on December 4, 2009 by Ellen Brown
The Daily Bell is continuing their dialog, if anyone wants to jump in and comment on their site.
Filed under: Ellen Brown Articles/Commentary | 8 Comments »
LESSONS FROM THE JAPANESE: TIME TO REPLACE SOVEREIGN DEBT WITH SOVEREIGN CREDIT
Posted on November 23, 2009 by Ellen Brown
Miners used to keep canaries in coal mines as an early warning device. If the air was so bad that it killed the canary, the miners would soon be next. Japan may be the canary for the out-of-control deficit spending policies now being pursued in the United States and the United Kingdom
Read more here –
http://www.webofdebt.com/articles/lesson_japanese.php
Filed under: Ellen Brown Articles/Commentary | 14 Comments »
A LITTLE POPULIST RETRIBUTION: MAKING WALL STREET PAY ITS FAIR SHARE
Posted on November 11, 2009 by Ellen Brown
Wall Street’s speculative traders have managed to trade in practically the only products left on the planet that are not subject to a sales tax. The fact that trades in “financial products” remain untaxed suggests a tidy way the public could recover some of its bailout money.
Read more here –
http://www.webofdebt.com/articles/populist_retribution.php
Filed under: Ellen Brown Articles/Commentary | 21 Comments »
Tax the Traders! Make Wall Street Pay Its Share
Posted on November 9, 2009 by Ellen Brown
Wall Street bankers have been called today’s “welfare queens,” feeding at the public trough to the tune of trillions of dollars. They are taking from the taxpayers and not giving back. These banks were rescued so they could make loans, take deposits, and keep our money safe. But while that is what banks used to do, today the big Wall Street money comes from short-term speculation in currency transactions, commodities, stocks, and derivatives for the banks’ own accounts . . . .
Read entire article (posted on Truthout) here.
Filed under: Ellen Brown Articles/Commentary | 6 Comments »
Max Keiser interview
Posted on November 7, 2009 by Ellen Brown
Max Keiser interviewed me, posted yesterday. If you feel like making a comment, it’s here (with video). If you want to hear more audio interviews, they’re posted here.
Filed under: Ellen Brown Articles/Commentary | 4 Comments »
CUT WALL STREET OUT! HOW STATES CAN FINANCE THEIR OWN RECOVERY
Posted on November 2, 2009 by Ellen Brown
Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many Americans find themselves in.
Read more here-
http://www.webofdebt.com/articles/cut-wallstreet.php
Filed under: Ellen Brown Articles/Commentary | 12 Comments »
REVIVING THE LOCAL ECONOMY WITH PUBLICLY-OWNED BANKS
Posted on October 15, 2009 by Ellen Brown
The credit crunch is getting worse on Main Street, despite a Wall Street bailout now in the trillions of dollars. The Fed may have played all its cards, but state and local governments still hold a few aces. Some local politicians are looking into the feasibility of opening their own publicly-owned banks, providing them with their own credit machines.
Read more here –
http://www.webofdebt.com/articles/publicly-owned.php
Filed under: Ellen Brown Articles/Commentary | 9 Comments »
Daily Bell posts
Posted on October 6, 2009 by Ellen Brown
The Daily Bell, a Swiss journal in the hard-money camp, interviewed me (here) , then had Larry Parks respond (here). Now they’ve critiqued my latest article, on the IMF (here). They’re not budging from their hard-money position, but they are so diplomatic! They say, “we will comment on it and hope that Brown doesn’t mind we have returned to her work. She shouldn’t write such interesting articles!” If anybody wants to jump in and defend the Greenbacker position, that would be great.
P.S. They did a followup here. Quite fun. Here is my favorite part:
Most people need backing of some sort to break through and capture a share of the public mind, but Ms. Brown has seemingly accomplished this all by herself, without funding of any kind. It almost defies comprehension. If we wore a thousand hats, they would all be doffed in respect to Ms. Brown’s courageous and apparently independent intellectual journey.
We are impressed enough with Ms. Brown’s approach to award her a title all her own, in fact. There are in our opinion, in modern economic thought, now Keynesians, Austrians and Brownians.
Of course, then they proceed to lay into all my best tenets, but whatever; let the games proceed!
There is more here, titled “The Brownian conundrum: Is a state solution possible?” (Daily Bell, October 10, 2009). Thanks, trusty bloggers and Daily Bell!
Oct 12, 2009: They’re still at it. They seem to have found our crowd congenial sparring partners. I think they’re congenial too! Anyone who wants to take a tilt at the hard-money windmill, it’s here.
Filed under: Ellen Brown Articles/Commentary | 34 Comments »
Legal relief for distressed homeowners
Posted on October 4, 2009 by Ellen Brown
Many people have written asking for help with their foreclosures, following several articles I wrote on that subject. I’m not actively practicing law now, just writing, so I thought I would suggest some alternatives here. For legal help, you could try these websites —
http://livinglies.wordpress.com/in-trouble-right-now-press-here/lawyers-who-get-it-work-in-progress/
http://www.succeedwithloanmods.com/
http://www.citizensreformcenter.com
For steps to follow if you want to do it yourself, try this —
http://www.consumerwarningnetwork.com/2009/09/01/fight-foreclosure-make-em-produce-the-note-5/
http://cyclopswarrior.blogspot.com/2010/02/primer-on-how-to-successfully-challenge.html
A free book may be downloaded here —
“Debt Hope: Down and Dirty Survival Strategies” http://www.scribd.com/doc/25443175/Debt-Hope-Down-and-Dirty-Survival-Strategies-Evaluation-Version-Complete
Bobby Wilbert adds:
Please let your readers know about these sources for lawyers who fight foreclosures and who get it (some like me handle cases at no costs to clients). These lists have the best of the best in foreclosure defense —
Click to access Boot_Camp_MasterList.pdf
http://naca.networkats.com/members_online/members/directorya.asp?token=
http://www.lsc.gov/map/index.php
Good luck!
Filed under: Ellen Brown Articles/Commentary | 39 Comments »
THE IMF CATAPULTS FROM SHUNNED AGENCY TO GLOBAL CENTRAL BANK
Posted on October 2, 2009 by Ellen Brown
“A year ago,” said law professor Ross Buckley on Australia’s ABC News last week, “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 a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that “the IMF is being anointed as the global central bank.”
Read more here –
http://www.webofdebt.com/articles/imf.php
Filed under: Ellen Brown Articles/Commentary | 8 Comments »
LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
Posted on September 21, 2009 by Ellen Brown
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages…
Read more here –
http://www.webofdebt.com/articles/mers.php
Filed under: Ellen Brown Articles/Commentary | 31 Comments »
ECONOMIC 9-11: DID LEHMAN BROTHERS FALL OR WAS IT PUSHED?
Posted on September 7, 2009 by Ellen Brown
The disastrous collapse of Lehman Brothers on 9-11-08 was the catalyst that changed the rules of the game for the big Wall Street financial players. The banks would henceforth be bailed out by the taxpayers, no matter what the cost. Was the Lehman bankruptcy the result of “market forces” or was it engineered? If the bank was pushed over the brink by invisible hands, whose hands were they and what goal was being served?
Read more here –
http://www.webofdebt.com/articles/economic9-11.php
Filed under: Ellen Brown Articles/Commentary | 15 Comments »
THE MERCURY MISCHIEF: AS OBAMA WARNS OF HAZARDS, THE FDA APPROVES MERCURY DENTAL FILLINGS
Posted on September 1, 2009 by Ellen Brown
The government seems to be speaking out of both sides of its mouth, as the President preaches one thing and the FDA does another. If we are going to have “smarter medicine that really works,” we need to get politics, lobbies and cronyism out of science.
Read more here –
http://www.webofdebt.com/articles/mercury_mischief.php
Filed under: Ellen Brown Articles/Commentary | 4 Comments »
WEB OF DEBT BLOG 
CAMPAIGNING FOR STATE-OWNED BANKS
The public bank concept is gaining ground on the state level, attracting proponents across the political spectrum.
Read more here –
http://www.webofdebt.com/articles/campaigning_state-owned_banks.php
Filed under: Ellen Brown Articles/Commentary | 10 Comments »