Ellen Brown: When we remove our myopic U.S. blinders, it turns out that globally, not only are publicly-owned banks quite common but that countries with strong public banking sectors generally have strong, stable economies.
Move Our Money: New State Bank Bills Address Credit and Housing Crises
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Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.
How Greece Could Take Down Wall Street
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Ellen Brown: As Aristotle told this ancient Greek tale, Midas died of hunger as a result of his vain prayer for the golden touch. Today, the Greek people are going hungry to protect a rigged $32 trillion Wall Street casino.
Robo-Signing Is Just the Tip of the Iceberg
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Ellen Brown: The evidence to date suggests that “robo-signing” was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008.
Will Obama Administration Now Go After Massive Mortgage Banking Frauds?
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Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.
Occupy the Neighborhood: How Counties Can Use Land Banks and Eminent Domain
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Ellen Brown: Banks and servicers can earn more when the homes are bulldozed—something that is happening in some counties—than from a sale or workout at a loss.
How to Save the Post Office and Corral Wall Street, Too
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Ellen Brown: The post office could combine mail services with teller services, restoring the Postal Savings System of an earlier era, which would not only save the Post Office but to establish a competitive alternative to a runaway Wall Street banking monopoly.
The Way to Occupy a Bank Is to Own One
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Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.
Pulling Back the Curtain on the Wall Street Money Machine
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Ellen Brown: We are indentured to a Wall Street money machine that creates our money and lends it back to us at interest, money our sovereign government could be creating itself, with full democratic oversight and accountability to the people.
Do State-Owned Banks Violate State Constitutional Provisions? No
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Ellen Brown: The recent interest in state-owned banks has provoked challenges on grounds that they violate state constitutional prohibitions against lending the credit of the state. The argument is not valid.
Europe’s Central Bank Fiddles While Rome Burns
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Ellen Brown: The burgeoning debts of the Eurozone countries are being blamed on their large welfare states, but these social systems were set up before the 1970s, when European governments had very little national debt. Their national debts shot up, not because they spent on social services, but because they switched bankers.
Super Committee Deadlock: Heads They Win, Tails We Lose
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Ellen Brown: Either way the super committee goes, the economy will wind up with $1.2 trillion less in the way purchasing power. The result will be to reduce demand, kill jobs, and put more people on the streets.
Time for an Economic Bill of Rights
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Ellen Brown: What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency.
A Jubilee for Student Debt?
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Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.
The Public Banking Option: The German Model
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Ellen Brown: Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.
Sheared by the Shorts: How Speculators Fleece Investors
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Ellen Brown: When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.
California Legislature Passes Bill to Study State-Owned Bank
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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.
War: Fiscal Stimulus of Last Resort
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Ellen Brown: Diverting a portion of our massive war spending to peaceful use could add jobs, improve living standards, and add infrastructure, while reducing the national debt and balancing the government’s budget by increasing the tax base and government revenues.
North Dakota’s Economic “Miracle”—It’s Not Oil
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Ellen Brown: North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008.
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