Bail-Out Is Out, Bail-In Is In: Another Argument for Publicly Owned Banks

piggy banks escaping

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

golden egg

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

cyprus bankers

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

cyprus-banking-350

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

beppe grillo

Ellen Brown: Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy.

Political Football Over Disaster Relief: Another Argument for Public Banking

sandy relief

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

counter-offer-wide

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

bank credit

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

rich get richer

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?

The Federal Reserve

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

qe3

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

bank behavior

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

post office bank

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?

lie bor

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

will work for euros

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

jamie dimon

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

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

victoria grant

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

mayan calendar

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

revolution not televised

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?

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