Posted on March 13, 2016 by Ellen Brown
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.
The brief visit of then-Secretary of State Hillary Clinton to Libya in October 2011 was referred to by the media as a “victory lap.” “We came, we saw, he died!” she crowed in a CBS video interview on hearing of the capture and brutal murder of Libyan leader Muammar el-Qaddafi.
But the victory lap, write Scott Shane and Jo Becker in the New York Times, was premature. Libya was relegated to the back burner by the State Department, “as the country dissolved into chaos, leading to a civil war that would destabilize the region, fueling the refugee crisis in Europe and allowing the Islamic State to establish a Libyan haven that the United States is now desperately trying to contain.” Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: Clinton emails, Great Man-made River, Libya, Qaddafi | 46 Comments »
Posted on February 29, 2016 by Ellen Brown
I’m currently in Switzerland, after presentations on public banking in Reykjavik, Iceland; London, UK; Manchester, UK; and Cardiff, Wales. Very interesting and productive trip!
A February 13th seminar on public banking was sponsored by the Dawn Party in Reykjavik. Below is a youtube video of my power point followed by one by Wolfram Morales of the German Sparkassen group. (English begins at 12’35”.)
Iceland is a beautiful country with charming people. They face daunting challenges but have been bold in standing up to the banks, and the spirit is there for a true revolution in banking.
Filed under: Audio, Ellen Brown Articles/Commentary | Tagged: Dawn Party, Iceland, public banking, Sparkassen | 5 Comments »
Posted on February 25, 2016 by Ellen Brown
Ellen speaks with noted historian, economic researcher and journalist William Engdahl about his new book The Lost Hegemon and some backstory facts that belie popular news story narratives. We also revisit another powerful narrative deception in the form of the Trans Pacific Partnership, with anti-TPP activist Kevin Zeese. Listen to the archive here.
Filed under: Audio | Tagged: Kevin Zeese, public banking, TPP, William Engdahl | 3 Comments »
Posted on February 16, 2016 by Ellen Brown
Posted on January 26, 2016 by Ellen Brown
The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals.
Today’s populist revolt mimics an earlier one that reached its peak in the US in the 1890s. Then it was all about challenging Wall Street, reclaiming the government’s power to create money, curing rampant deflation with US Notes (Greenbacks) or silver coins (then considered the money of the people), nationalizing the banks, and establishing a central bank that actually responded to the will of the people. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: Bernie Sanders, Hillary Clinton, populist movement, public banking | 51 Comments »
Posted on January 26, 2016 by Ellen Brown
Ellen joins her daughter Jamie Brown in interviewing Charles Eisenstein, a highly popular visionary re-thinker of the nature and future of economics. The author of “Sacred Economics,” Eisenstein shares insights into some of the core flaws in our economic thinking and helps us to see that we have the power and the responsibility to choose the priorities of the system we want. Co-host Walt McRee also speaks with Santa Fe public banking leader Nichoe Lichen of Banking on New Mexico, which saw the release this past week of a highly positive feasibility study supporting the creation of a new Santa Fe public bank. Listen here.
Filed under: Audio | Tagged: Charles Eisenstein, public banking, Sacred Economics | 3 Comments »
Posted on January 16, 2016 by Ellen Brown
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.
For at least a decade, think tanks, commissions and other stakeholders have fought to get Congress to address the staggering backlog of maintenance, upkeep and improvements required to bring the nation’s infrastructure into the 21st century. Countries with less in the way of assets have overtaken the US in innovation and efficiency, while our dysfunctional Congress has battled endlessly over the fiscal cliff, tax reform, entitlement reform, and deficit reduction. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: Federal Reserve, infrastructure crisis, public banking, quantitative easing | 64 Comments »
Posted on January 10, 2016 by Ellen Brown
My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann, below.
Filed under: Ellen Brown Articles/Commentary | Tagged: bail-in, Dodd-Frank, public banking | 13 Comments »
Posted on January 10, 2016 by Ellen Brown
Ellen speaks with noted author and co-Founder of the Labor Institute, Les Leopold, about how the market mechanics of inequality have succeeded over the past 40 years and what we can do collectively to bring about real change. She also discusses her latest article about the looming crisis that could be triggered by the new practice of bailing-in depositor money to save failing banks. And Matt Stannard delivers some words about money from the mouths of historical figures. Listen to the archive here.
Filed under: Audio, Ellen Brown Articles/Commentary | Tagged: inequality, Les Leopold, public banking | 6 Comments »
Posted on December 29, 2015 by Ellen Brown
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. Poverty also kills.
At the end of November, an Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide note blaming the bank, where he had been a customer for 50 years and had invested in bank-issued bonds. But he might better have blamed the EU and the G20’s Financial Stability Board, which have imposed an “Orderly Resolution” regime that keeps insolvent banks afloat by confiscating the savings of investors and depositors. Some 130,000 shareholders and junior bond holders suffered losses in the “rescue.” Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: bail-in, Dodd-Frank, Financial Stability Board, public banking | 102 Comments »
Posted on December 11, 2015 by Ellen Brown
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:
- In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the West but is based on different design principles.
- In Iceland, the booms and busts culminating in the banking crisis of 2008-09 have prompted lawmakers to consider a plan to remove the power to create money from private banks.
- In Ireland, Iceland and the UK, a recession-induced shortage of local credit has prompted proposals for a system of public interest banks on the model of the Sparkassen of Germany.
- In Ecuador, the central bank is responding to a shortage of US dollars (the official Ecuadorian currency) by issuing digital dollars through accounts to which everyone has access, effectively making it a bank of the people.
Filed under: Ellen Brown Articles/Commentary | Tagged: digital currency, Ecuador, Iceland, Russian central bank | 49 Comments »
Posted on December 11, 2015 by Ellen Brown
Among other items of interest on “It’s Our Money” this week, Ellen interviews Independent presidential candidate Scott Smith, who has a clever plan for eliminating austerity, income taxes and the federal debt without creating inflation. Archived here.
Filed under: Audio, Ellen Brown Articles/Commentary | Tagged: digital currency, federal debt, income tax, public banking | 3 Comments »
Posted on December 3, 2015 by Ellen Brown
Ellen speaks with co-host Walt McRee about negative interest and the war on cash, then talks with renowned futurist Hazel Henderson about how far afield economics has gone from its practical obligations to serve the public interest. Matt Stannard rounds out this week’s program on “It’s Our Money,” archived here.
Filed under: Audio, Ellen Brown Articles/Commentary | Tagged: ethical markets, negative interest, War on Cash | 2 Comments »
Posted on November 20, 2015 by Ellen Brown
In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young Michael is being advised to put his tuppence in the bank, so that it can compound into “all manner of private enterprise,” including “bonds, chattels, dividends, shares, shipyards, amalgamations . . . .”?
That may still work if you’re a Wall Street banker, but if you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: bail-in, national dividend, negative interest, War on Cash | 64 Comments »
Posted on November 18, 2015 by Ellen Brown
Here is a power point I gave last night at an American Freedom Alliance event in Los Angeles on whether the federal debt can be repaid (yes), how it can be repaid (by simply issuing the money), and why that would stimulate the economy without leading to hyperinflation. Ellen
Can the Debt Be Paid 11-17-15
Filed under: Ellen Brown Articles/Commentary | Tagged: federal debt, public banking | 9 Comments »
Posted on November 14, 2015 by Ellen Brown
On November 11th on “It’s Our Money,” Ellen spoke with Bill Still on how to pay off the national debt; and Walt spoke with Dr. Margaret Flowers on ominous developments involving the Trans-Pacific Partnership (TPP). Listen to the archive here.
The Still interview was prelude to an American Freedom Alliance event on November 17th at 7:30 pm at the Luxe Sunset Blvd Hotel in Los Angeles, at which Ellen and Bill will be addressing the topical question —
“Can the National Debt Be Paid Down and If So, Who Will Pay It?”
Public invited. Details here.
Also now in the PRN archives is the enlightening October 28th interview of UK Prof. Thomas Marois on public banking developments around the world. Listen here.
Filed under: Audio, Ellen Brown Articles/Commentary | Tagged: federal debt, public banking, TPP | 10 Comments »
Posted on October 27, 2015 by Ellen Brown
Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile.
— Canadian Prime Minister William Lyon Mackenzie King, 1935
On November 3rd, the US government will again run out of money due to a debt ceiling artificially imposed by Congress. This is the third time in four years that a radical faction has taken the country to the brink of default to extort concessions that are at best only marginally related to the budget.
The debt ceiling is an unconstitutional gimmick that violates the 14th amendment, which says the validity of the government’s debt shall not be questioned. The debt was incurred by Congress when it passed the budget, and the money has been borrowed and spent. Congress cannot now refuse to pay.
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. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: debt ceiling, Greenbacks, Trillion dollar coin | 34 Comments »
Posted on October 21, 2015 by Ellen Brown
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.
At over 2,300 pages, the Dodd Frank Act is the longest and most complicated bill ever passed by the US legislature. It was supposed to end “too big to fail” and “bailouts,” and to “promote financial stability.” But Dodd-Frank’s “orderly liquidation authority” has replaced bailouts with bail-ins, meaning that in the event of insolvency, big banks are to recapitalize themselves with the savings of their creditors and depositors. The banks deemed too big are more than 30% bigger than before the Act was passed in 2010, and 80% bigger than before the banking crisis of 2008. The six largest US financial institutions now have assets of some $10 trillion, amounting to almost 60% of GDP; and they control nearly 50% of all bank deposits.
Meanwhile, their smaller competitors are struggling to survive. Community banks and credit unions are disappearing at the rate of one a day. Access to local banking services is disappearing along with them. Small and medium-size businesses – the ones that hire two-thirds of new employees – are having trouble getting loans; students are struggling with sky-high interest rates; homeowners have been replaced by hedge funds acting as absentee landlords; and bank fees are up, increasing the rolls of the unbanked and underbanked, and driving them into the predatory arms of payday lenders. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: bail-in, Bank of North Dakota, community banking, Dodd-Frank, public banking | 23 Comments »
Posted on October 18, 2015 by Ellen Brown
Nature limits all systems — nothing grows forever. Economic systems built around growth, like ours, are no different. Ellen revisits that topic with biomimicry expert Jamie Brown-Hansen about what nature teaches regarding sustainable economic systems that last for eras rather than just decades. The theme is picked up by Bernie Sanders as he reflects on the precarious nature of our national economy, while Matt Stannard considers what’s not being addressed on the topic by the presidential candidates. And co-host Walt McRee talks with New Hampshire State Representative Valerie Fraser about the movement underway there to create a public State bank.
Listen to the archive .
Filed under: Audio | Tagged: Bernie Sanders, biomimicry, public banking, Valerie Fraser | 10 Comments »
Posted on October 5, 2015 by Ellen Brown
The debt-money regime seems to have run its course. Happily, alternatives are being explored in the form of outright free public issue of money directly to the people — “QE for the People.” On “It’s Our Money,” we look at several dimensions of these ideas. Ellen speaks with noted UK professor and author Mary Mellor about the democratization of money and financial systems. Co-host Walt McRee discusses the current Bretton Woods IV Convocation which is focusing on the vital need for reclaiming public control of money, and on the Public Banking Report Matt Stannard takes a look at the morality of money.
Mary at a Sept 2015 workshop in Berlin with event hosts Michel Bauwens and David Bollier. The event was sponsored by the Heinrich Böll Foundation and was called “Deep Dive: Capital for the Commons.”
Filed under: Audio | Tagged: People's QE, public banking | 1 Comment »