By understanding that money is simply credit, we unleash it as a powerful tool for our communities.
Read more here –
http://www.webofdebt.com/articles/new_theory.php
Filed under: Ellen Brown Articles/Commentary | 29 Comments »
TIME FOR A NEW THEORY OF MONEY
Posted on October 29, 2010 by Ellen Brown
TIME TO BREAK UP THE TOO-BIG-TO-FAIL BANKS?
Posted on October 15, 2010 by Ellen Brown
With risky behavior by big finance again threatening economic stability, how can we get things right this time?
Read more here –
http://www.webofdebt.com/articles/breakup_banks.php
Filed under: Ellen Brown Articles/Commentary | 5 Comments »
The After-the-Fed Solutions Debate Begins: Greenbackers Vs Goldbugs
Posted on October 12, 2010 by Ellen Brown
Eric Blair just framed the debate in this very interesting way, posted on the Republic Broadcasting website today —
The After-the-Fed Solutions Debate Begins: Greenbackers Vs Goldbugs
. . . With all the recent mainstream talk and speculation about the end of the Fed, it is time to debate solutions for the future of America’s currency. This may indeed be the most important discussion of our lifetime.
. . . The debate between the two most popular proposed solutions of adopting the Greenback or the Gold Standard has just officially begun. Last week, Gary North, a Goldbug and author of Honest Money, wrote a scathing attack of Web of Debt author Ellen Brown, a Greenbacker. . . .
Passions already seem to be running high in the opening round of this most critical debate that will surely shape the future of our economy and society. Notably, both sides of this argument are in agreement that the Fed is a corrupt organization that must be ended. North acknowledged that Ron Paul and Ellen Brown share this common ground, but says the Tea Party movement (liberty movement) has “no economic understanding” and “They cannot distinguish Ron Paul’s opposition to the FED, based on the gold coin standard, from Ellen Brown’s opposition, based on a fiat money standard. They are intellectually defenseless.”
It seems a bit arrogant of North to suggest the liberty movement is confused about why Ron Paul and Ellen Brown support ending the Fed, and it’s also disingenuous to say that one side of the growing movement is “intellectually defenseless” because of disagreements about the solution. Especially when Brown’s public banking movement appears to be immediately workable and is gaining ground with the first pragmatic step being establishing state banks — as proven in North Dakota — which has a state-owned bank and boasts the lowest unemployment and the only budget surplus of the United States. . . .
Read the entire post here.
Filed under: Ellen Brown Articles/Commentary | 64 Comments »
Response to Gary North
Posted on October 8, 2010 by Ellen Brown
Dear Mr. North:
Thank you for taking the time and trouble to sit down and write such a detailed and useful critique of Web of Debt. As an author, you will know how satisfying it is to find that someone has actually read and absorbed the product of one’s labors.
Please know that all of your observations will be carefully considered prior to the publication of the next edition and where necessary the text may be revised to reflect any errors or omissions.
Thank you again for your time and effort which are sincerely appreciated.
Yours truly,
Ellen Brown
Read more here. An excellent discussion of the larger issues was posted by another blogger here.
See Response to Gary North #2: IN PURSUIT OF A NEW MONETARY PARADIGM here.
Filed under: Ellen Brown Articles/Commentary | 50 Comments »
FORECLOSUREGATE AND OBAMA’S ‘POCKET VETO’
Posted on October 7, 2010 by Ellen Brown
By most reports, it would appear that the voluntary suspension of foreclosures is underway to review simple, careless procedural errors. Errors which the conscientious banks are hastening to correct. Even Gretchen Morgenson in the New York Times characterizes the problem as “flawed paperwork.” But those errors go far deeper than mere sloppiness. They are concealing a massive fraud.
Read more here –
http://www.webofdebt.com/articles/foreclosuregate.php
Filed under: Ellen Brown Articles/Commentary | 14 Comments »
SHOCK THERAPY FOR WALL STREET: BANKING GIANTS SUSPEND THOUSANDS OF FORECLOSURES
Posted on October 2, 2010 by Ellen Brown
The hits are coming fast and furiously. Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts.
Read more here –
http://www.webofdebt.com/articles/shock_therapy.php
Filed under: Ellen Brown Articles/Commentary | 32 Comments »
THE CREDIT MELTDOWN AND THE SHADOW BANKING SYSTEM: WHAT BASEL III MISSED
Posted on September 25, 2010 by Ellen Brown
While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated. The banking system’s credit machine is systemically flawed and needs a radical overhaul.
Read more here –
http://www.webofdebt.com/articles/basel3_fail.php
Filed under: Ellen Brown Articles/Commentary | 16 Comments »
BASEL III: TIGHTENING THE NOOSE ON CREDIT
Posted on September 17, 2010 by Ellen Brown
If the big banks that brought you the current credit crisis can already meet the new requirements, what exactly does Basel III achieve, beyond shaking down their smaller competitors?
Read more here –
http://www.webofdebt.com/articles/basel_3.php
Filed under: Ellen Brown Articles/Commentary | 6 Comments »
HOW TO REVERSE A DEFLATION: HELICOPTER BEN NEEDS TO DROP SOME MONEY ON MAIN STREET
Posted on September 8, 2010 by Ellen Brown
The Fed is proposing another round of “quantitative easing,” although the first round failed to reverse deflation. It failed because the money went into the coffers of banks, which failed to lend it on. To reverse deflation, the money needs to be funneled directly to state and local economies.
Read more here –
http://www.webofdebt.com/articles/bernankes_helicopters.php
Filed under: Ellen Brown Articles/Commentary | 21 Comments »
HOMEOWNERS’ REBELLION: COULD 62 MILLION HOMES BE FORECLOSURE-PROOF?
Posted on August 18, 2010 by Ellen Brown
The financial juggling that helped cause the 2008 crisis may be coming back to haunt banks—and help homeowners.
Read more here –
http://www.webofdebt.com/articles/homeowners.php
Filed under: Ellen Brown Articles/Commentary | 18 Comments »
WHAT A GOVERNMENT CAN DO WITH ITS OWN BANK: THE REMARKABLE MODEL OF THE COMMONWEALTH BANK OF AUSTRALIA
Posted on August 4, 2010 by Ellen Brown
Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank of Michigan a real possibility. Bernero is one of at least a dozen candidates promoting that solution to the states’ economic woes.
Read more here –
http://www.webofdebt.com/articles/commonwealth_bank_aus.php
Translated into French here –
https://webofdebt.wordpress.com/translated-articles/ce-quun-gouvernement-peut-faire-avec-sa-propre-banque-le-modele-remarquable-de-la-%c2%ab-commonwealth-bank-of-australia-%c2%bb/
Filed under: Ellen Brown Articles/Commentary | 23 Comments »
Video: “The Real Tea Party Begins Here!”
Posted on July 26, 2010 by Ellen Brown
Find out the REAL cause of the Boston Tea Party (it wasn’t tea taxes) & learn how a public state bank could remove our debt, permanently. There IS enough money to meet our needs, it is just held by monopoly powers who falsely claim the country is broke. Understand the lie, then do something about it. Support state banks.
View video here –
http://www.opednews.com/Quicklink/The-Real-Tea-Party-Begins-in-Best_Web_OpEds-100708-176.html
Filed under: videos | 4 Comments »
WHY THE U.S. NEED NOT FEAR A SOVEREIGN DEBT CRISIS: UNLIKE GREECE, IT IS ACTUALLY SOVEREIGN
Posted on July 23, 2010 by Ellen Brown
Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to “double A with a negative outlook” and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America.
Read more here –
http://www.webofdebt.com/articles/greece_skids.php
Filed under: Ellen Brown Articles/Commentary | 4 Comments »
HOW BROKERS BECAME BOOKIES: THE INSIDIOUS TRANSFORMATION OF MARKETS INTO CASINOS
Posted on July 13, 2010 by Ellen Brown
Ever since December 2008, the Federal Reserve has held short-term interest rates near zero. This was not only to try to stimulate the housing and credit markets but also to allow the federal government to increase its debt levels without increasing the interest tab picked up by the taxpayers.
Read more here –
http://www.webofdebt.com/articles/brokers_bookies.php
Filed under: Ellen Brown Articles/Commentary | 8 Comments »
WHO WILL PAY, WALL STREET OR MAIN STREET – THE TOBIN TAX OR THE VAT?
Posted on June 30, 2010 by Ellen Brown
Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war…
Read more here –
http://www.webofdebt.com/articles/who_will_pay.php
Filed under: Ellen Brown Articles/Commentary | 28 Comments »
DEFICIT TERRORISTS STRIKE IN THE UK – USA NEXT?
Posted on June 17, 2010 by Ellen Brown
Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies.
Read more here –
http://www.webofdebt.com/articles/deficit_terrorists.php
Filed under: Ellen Brown Articles/Commentary | 17 Comments »
BANKS PROFIT FROM NEAR-ZERO INTEREST RATES: ANOTHER REASON FOR STATES TO OWN THEIR OWN BANKS
Posted on June 4, 2010 by Ellen Brown
While individuals, businesses and governments suffer from a credit crisis created on Wall Street, the banks responsible for the crisis are tapping into nearly-interest-free credit lines and using the money to speculate or to make commercial loans at much higher rates.
Read more here –
http://www.webofdebt.com/articles/banks_near.php
Filed under: Ellen Brown Articles/Commentary | 15 Comments »
THE MYSTERIOUS CAFRS: HOW STAGNANT POOLS OF GOVERNMENT MONEY COULD HELP SAVE THE ECONOMY
Posted on May 22, 2010 by Ellen Brown
California is in the anomalous position of being $26 billion in the red and plunging toward bankruptcy, while it has over $70 billion stashed away in an investment pool that it cannot touch.
Read more here –
http://www.webofdebt.com/articles/mysterious_cafrs.php
Filed under: Ellen Brown Articles/Commentary | 16 Comments »
Followup — More States May Create Public Banks
Posted on May 21, 2010 by Ellen Brown
Here is a followup report in Yes! Magazine on the growing state-owned bank movement:
“More States May Create Public Banks”
Filed under: Ellen Brown Articles/Commentary | 5 Comments »
WEB OF DEBT BLOG 
CHINA’S CREATIVE ACCOUNTING: USING DEBT AS A TOOL FOR ECONOMIC DEVELOPMENT
China may be as heavily in debt as we are. It just has a different way of keeping its books…
Read more here –
http://www.webofdebt.com/articles/creative_accounting.php
Filed under: Ellen Brown Articles/Commentary | 4 Comments »