About Ellen Brown/Web of Debt

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.

You Can’t Taper a Ponzi Scheme: Time to Reboot

Janet Yellen and International Monetary Fund Managing Director Christine Lagarde

Ellen Brown: The rules have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. The system just needs a reboot.

Housing Crisis: Did Other Shoe Just Drop?

Housing Crisis

Ellen Brown: Will the BlackRock/PIMCO suit help homeowners? Not directly. But it will get some big guns on the scene, with the ability to do all sorts of discovery, and the staff to deal with the results.

The Looming Foreclosure Crisis

foreclosure crisis 2014

Ellen Brown: Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

Buying Up the Planet

central banks buying stocks

Ellen Brown: Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates. Indeed, central banks have become some of the world’s largest stock investors.

California’s Top-Two Primary Eliminates Third-Party Rivals

Top-Two Primary

Ellen Brown: Primary elections originated in the American progressive movement and were intended to take the power of candidate nomination away from party leaders and deliver it to the people.  California’s Top Two Primary takes power away from third parties representing the 99% and delivers it to the 1%.

Infrastructure Sticker Shock: Financing Costs More than Construction

Financing Costs

Ellen Brown: Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s own bank.

Are Public Banks Unconstitutional? No. Are Private Banks? Maybe.

Public Banks in USA

Ellen Brown: When enough people understand that private banks rather than governments create our money supply, imposing interest and fees that constitute an enormous unnecessary drain on the economy and the people, we might wake up to a new day in banking, finance, and the return of local economic sovereignty.

Why Jerry Brown’s Rainy Day Fund Is a Bad Idea

Working Families Safety Net

Ellen Brown: There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can have their cake and eat it too – with a state-owned bank.

Wall Street Greed: Not Too Big for a California Jury


Ellen Brown: University of California accountants estimate that the 10-campus system will lose as much as $136 million over the next 34 years if it remains locked into the deals, losses that would be reduced only if interest rates started to rise.

The Global Banking Game Is Rigged: The FDIC Is Suing

Global Banking System

Ellen Brown: Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

European Banking System

Ellen Brown: A giant flaw in the current banking scheme is that private banks, not governments, now create virtually the entire money supply; and they do it by creating interest-bearing debt.

Elizabeth Warren’s Post Office Proposal: Palast Picks Wrong Target

Elizabeth Warren Student Debt

Ellen Brown: Postal Loans and Postal Cards are only two non-bank financial services that could result in substantial savings for the poor.

The Stone that Brings Down Goliath? Richmond and Eminent Domain


Eminent Domain

How the Credit Card Gravy Train Is Running Over You


Credit Card Trap: The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option


Los Angeles Public Bank — A city-owned bank can minimize the risks of interest rate manipulation, excessive fees, and dishonest dealings.

From Austerity to Abundance: Why I Am Running for California Treasurer


Ellen Brown State Treasurer — There is another way to balance a state budget, one that leads to prosperity rather than austerity.

100 Years Is Enough: Time to Make the Fed a Public Utility


Federal Reserve Reform — It may be time for a new populist movement, one that returns the power to issue money to the government.

Amend the Fed: We Need a Central Bank That Serves Main Street

fed meme

Ellen Brown: For the central bank to satisfy its mandate to promote full employment and to become an institution that serves all the people, not just the 1%, the Fed needs fundamental reform.

Monsanto, the TPP, and Global Food Dominance


Ellen Brown: If the Trans-Pacific Partnership (TPP) passes, control over not just our food but our health, our environment and our financial system will be in the hands of transnational corporations.

Costa Rica’s Long Public Banking Experience


Ellen Brown: In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option.

Ireland: Ground Zero for the Austerity-Driven Asset Grab


Ellen Brown: After five years of belt-tightening in which unemployment and living conditions have not improved, the Irish people are slowly waking up. They are realizing that their assets are being grabbed simply to pay for the mistakes of the financial sector.

Is Homeland Security Preparing for the Next Wall Street Collapse?


Ellen Brown: The exploitative financial scheme responsible for turning millions out of their jobs and their homes has reached the end of the line. Crisis in the current scheme means opportunity for those more sustainable solutions waiting in the wings.

Public Banks Key to Capitalism


Ellen Brown: Banking, money and credit are not market goods but are economic infrastructure, just as roads and bridges are physical infrastructure.

What We Could Do with a Postal Savings Bank

post office

Ellen Brown: Postal banking systems are ubiquitous in other countries, where their long record of safe and profitable public banking has proved the viability of the model.

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives


Ellen Brown: Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it.

Public Banking for Wales, Ireland and Scotland: Promise and Possibilities


Ellen Brown: Ian Jenkins of Arian Cymru (Money Wales) has written two excellent articles on why Wales should have its own bank and how that might be accomplished.

Making the World Safe for Banksters: Syria in the Cross-Hairs

syrian cash

Ellen Brown: Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.

The Leveraged Buyout of America

linh dinh

Ellen Brown: Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. How have they pulled this off, and where have they gotten the money?

Why Eliot Spitzer Makes Wall Street Quiver

Eliot Spitzer

Ellen Brown: Before Eliot Spitzer’s infamous resignation as governor of New York, he was one of our fiercest champions against Wall Street corruption, in a state that had some of the toughest legislation for controlling the banks.

The Detroit Bail-In Template: Fleecing Pensioners to Save Banks

detroit pensions

Ellen Brown: The Detroit bankruptcy is looking suspiciously like the scene in Cyprus in 2013, which is now becoming the model globally.

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