Ellen Brown: Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself.
Ellen Brown: In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
Ellen Brown: One good gimmick deserves another. The debt ceiling could be eliminated for good, by restoring to the government its constitutional authority to create money.
Ellen Brown: The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving.
Ellen Brown: The problem today is not inflation but deflation. Adding money to the economy will not drive up prices until demand is saturated and production has hit full capacity; and we’re a long way from full capacity now.
Ellen Brown: Besides his experience with bankruptcy, Trump, along with Bernie Sanders on the left, is unique in not being beholden to big money. Sanders does not take it, and Trump does not need it.
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972) ormer Greek finance minister Yanis Varoufakis is now being charged with treason for exploring the possibility of […]
Ellen Brown: The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
Ellen Brown: Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses.
Ellen Brown: The strategy for real change called for by Pope Francis can be furthered with government-issued money of the sort originated by the American colonists, augmented by a network of publicly-owned banks of the sort established by the Order of St. Francis in the Middle Ages.
“Sentence First, Verdict Afterwards” `Let the jury consider their verdict,’ the King said, for about the twentieth time that day. `No, no!’ said the Queen. `Sentence first–verdict afterwards.’ `Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’ `Hold your tongue!’ said the Queen, turning purple. `I won’t!’ said Alice. `Off with […]
Ellen Brown: It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
he dangerous underfunding of US infrastructure was underscored by a fatal train derailment on May 12th. The tragedy did not deter the House Appropriations Committee from voting to slash Amtrak funding the very next day. There are ways Congress could fund its massive infrastructure bill without raising taxes. But the conservative-controlled Congress seems to have […]