Reclaim Our Economy from Wall Street with Public Banking. Featuring Matt Taibbi, Ellen Brown, Birgitta Jonsdotter, and Gar Alperovitz. San Rafael.
About Ellen Brown
Ellen Brown is an attorney, president of the Public Banking Institute, and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites are WebofDebt.com and PublicBankingInstitute.org.
Bail-Out Is Out, Bail-In Is In: Another Argument for Publicly Owned Banks
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Ellen Brown: A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.
Winner Takes All: The Super-Priority Status of Derivatives
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Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
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Ellen Brown: When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
A Safe and a Shotgun or Publicly-Owned Banks? The Battle of Cyprus
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Ellen Brown: The push to confiscate the savings of hard-working Cypriot citizens is a shot across the bow for every working person in the world, a wake-up call to the perils of a system in which tiny cadres of elites call the shots and the rest of us pay the price.
Qualitative Easing for the People: Comedian Grillo’s Populist Plan for Italy
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Ellen Brown: Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy.
How the Fed Could Fix the Economy—and Why It Hasn’t
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Ellen Brown: Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks.
How Congress Could Fix Its Budget Woes, Permanently
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Ellen Brown: The government can pay for all the services its people need and eliminate budget crises permanently, simply by issuing the dollars to pay for them, debt-free and interest-free.
The Trillion Dollar Coin: Joke or Game-Changer?
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Ellen Brown: The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
Political Football Over Disaster Relief: Another Argument for Public Banking
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Ellen Brown: Just as Occupy Sandy has pre-empted the official rescue agencies through community organizing, so a Public Bank of New York or New Jersey could pre-empt the vulture Wall Street banks and finance the state’s own rebuilding.
Fiscal Cliff: Time to Call Their Bluff
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Ellen Brown: The fiscal cliff has been said to be holding Congress hostage to conservative demands, but the real hostages are the debt slaves of our financial system.
From North Dakota to Scotland: Exploring the Public Bank Option
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Ellen Brown: A publicly-owned bank could help Scotland take control of its own economic destiny, by avoiding unnecessary debt to a private banking system that has become a burden to the economy rather than a pillar in its support.
It’s the Interest, Stupid! Why Bankers Rule the World
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Ellen Brown: The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
QE Infinity: What Is It Really About?
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Ekkeb Brown: Insolvent banks should be put through receivership and bankruptcy before the government takes them over. That would mean making the creditors bear the losses, standing in line and taking whatever money was available, according to seniority.
Why QE3 Won’t Jumpstart the Economy—and What Would
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Ellen Brown: The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives.
Fixing Mortgage Mess: Game-Changing Implications of Bain v. MERS
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Ellen Brown: While banks and investors were busy counting their profits behind the curtain of MERS, homeowners and counties have been made to bear the losses. The city of San Bernardino is in such dire straits that on August 1, it filed for bankruptcy.
Saving the Post Office: Letter Carriers Consider Bringing Back Banking Services
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Ellen Brown: Expanding postal services and developing new sources of revenue are important to the effort to save the public Post Office and preserve living-wage jobs
Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?
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Ellen Brown: If the last quarter century of U.S. banking history proves anything, it is that our private banking system turns malignant and feeds off the public when it is deregulated.
Government by the Banks, for the Banks: The ESM Coup D’Etat in Europe
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Ellen Brown: Europe has a strong tradition of publicly-owned banks. If the people must bear the costs, the people should own the banks and reap the benefits.
Why the Senate Won’t Touch Jamie Dimon
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Ellen Brown: Interest rate swaps are now over 80 percent of the massive derivatives market, and JPMorgan holds about $57.5 trillion of them.
50 Ways to Leave Your Lover: Greece and the Euro
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Ellen Brown: The marital problems of Greece and the Eurozone stem from an arbitrary set of rules that were entered into and can be changed by agreement.
Victoria Grant: Twelve-Year-Old Money Reformer Tops a Million Views
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Ellen Brown: Victoria Grant said that banks create money “out of thin air” and lend it to people and governments at interest. If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers.
Cooperative Banking in the Aquarian Age
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Ellen Brown: Globally, the burgeoning movement for local, cooperatively-owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.
The Revolution Will Not Be Televised: Public Banking
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Ellen Brown: Why does there always seem to be enough money for military expansion, prisons, bank bailouts and tax cuts for the wealthy, but not enough for education—or for jobs, housing, healthcare, or old age pensions?
Indentured Servitude for Seniors: Social Security Garnished for Student Debts
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Ellen Brown: Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury.
How the Goldman Vampire Squid Just Captured Europe
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Ellen Brown: The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.
Philadelphia Freedom: Birthplace of the Constitution Takes Center Stage
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Ellen Brown: Public Banking Institute’s vision is to establish a network of public banks across the country to generate affordable credit according to the priorities of real people, not corporate persons or banks.
Oh Canada! Imposing Austerity on the World’s Most Resource-Rich Country
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Ellen Brown: Even the world’s most resource-rich country has now been caught in the debt trap. Its once-proud government programs are being subjected to radical budget cuts—cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.
Wall Street Confidence Trick: Interest Rate Swaps Bankrupting Local Governments
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Ellen Brown: The creation of credit has too long been delegated to a cadre of private middlemen who have flagrantly abused the privilege. We can avoid the derivatives trap by cutting out the middlemen and creating our own credit.
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The Myth That Japan Is Broke
Ellen Brown: The Japanese government’s debt is the people’s money. They own each other, and they collectively reap the benefits.