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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 »
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 »
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 »
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 »
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 »
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 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 »
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 »
Michael Moore just came out with
“Michael Moore’s Action Plan: 15 Things Every American Can Do Right Now,” which lists as #4:
“Each of the 50 states must create a state-owned public bank like they have in North Dakota.”
It’s currently on the front page of Reddit (one of the world’s most popular websites).
Filed under: In the News | 21 Comments »
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 »
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 »
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 »
“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 »
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 »
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 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 »
A response to a critique of a publicly-owned bank solution posted on the American Monetary Institute blog.
Read response here.
Filed under: Ellen Brown Articles/Commentary | 6 Comments »
While the U.S. spends trillions of dollars to bail out its banking system, leaving its economy to languish, China is being called a “miracle economy” that has decoupled from the rest of the world. As the rest of the world sinks into the worst recession since the 1930s, China has maintained a phenomenal 8% annual growth rate. Those are the reports, but commentators are dubious. They ask how that growth is possible, when other countries relying heavily on exports have suffered major downturns and remain in the doldrums.
Read more here –
http://www.webofdebt.com/articles/secret_of_china.php
Filed under: Ellen Brown Articles/Commentary | 45 Comments »
President Obama has repeated his call for a public option in health care, in order to create some competition for the insurance companies and keep them honest. We the people need to call for a public option in banking, in order to create some competition for private banks and keep them honest.
Read more here-
http://www.webofdebt.com/articles/public_option.php
Filed under: Ellen Brown Articles/Commentary | 12 Comments »
PRN.FM Radio Show, 3pm EST Wednesdays. Click image for archives.
WEB OF DEBT BLOG 
ESCAPE FROM POTTERSVILLE: THE NORTH DAKOTA MODEL FOR CAPITALIZING COMMUNITY BANKS
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 »