Ellen Brown/Web of Debt, Author at LA Progressive

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.

Brexit and the Derivatives Time Bomb

Ellen Brown: Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.

War on Weed Winding Down: Will Monsanto Be the Winner?

Ellen Brown: TThe greatest threat to health posed by marijuana seems to come from its criminalization. Today over 50 percent of inmates in federal prison are there for drug offenses, and marijuana tops the list.

Print the Money: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

Ellen Brown: “Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today.

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Ellen Brown: Despite North Dakota’s collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota’s population, could do following that state’s lead.

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Ellen Brown: Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Ellen Brown: Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty. Hillary Email Server

The Populist Revolution: Bernie and Beyond

Ellen Brown: Sanders has picked up the baton where Occupy left off, and the disenfranchised Millennials who composed that movement have flocked behind him.

The Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding

n a landmark infrastructure bill passed in December, Congress finally penetrated the Fed’s “independence” by tapping its reserves and bank dividends for infrastructure funding. The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly. For at least a […]

A Banking Crisis Worse Than ISIS? Bail-Ins Begin

Ellen Brown: While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.