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Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling WEB OF DEBT. In THE PUBLIC BANK SOLUTION, her latest book, she explores successful public banking models historically and globally. Her websites are http://EllenBrown.com, http://PublicBankSolution.com, and http://PublicBankingInstitute.org.
SHARE Saturday, September 2, 2023 More Banks to Fail? Not in North Dakota
U.S. banks are again in the crosshairs. Standard and Poor's has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody's, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going into"
SHARE Tuesday, September 6, 2022 How to green our parched farmlands and finance critical infrastructure
America achieved it's greatest ever infrastructure campaign in the midst of the Great Depression. We can do that again today and we can do it with the same machinery: off-budget financing through a government-owned national financial institution.
(4 comments) SHARE Monday, May 23, 2022 A Reset That Serves the People
To the extent that prices are rising it is not from money printing but from lockdowns and supply chain disruptions and shortages, the same disruptions triggering price inflation globally.
(5 comments) SHARE Friday, December 24, 2021 The Real Antidote to Inflation
Stoking the Fire Without Burning Down the Barn - The Fed has options for countering the record inflation the U.S. is facing that are more productive and less risky than raising interest rates.
(6 comments) SHARE Monday, May 24, 2021 Going From Mom-and-Pop Capitalism to Techno-Feudalism
In a matter of decades, the United States has gone from a largely benign form of capitalism to a neo-feudal form that has created an ever-widening gap in wealth and power.
(4 comments) SHARE Sunday, December 20, 2020 Tackling the Infrastructure and Unemployment Crises: The "American System" Solution
The National Infrastructure Bank of 2020 can rebuild crumbling infrastructure across America, pushing up long-term growth, not only without driving up taxes or the federal debt, but without hyper-inflating the money supply or generating financial asset bubbles.
(32 comments) SHARE Tuesday, December 1, 2020 Why the Fed Needs Public Banks
The Fed's policy tools -- interest rate manipulation, quantitative easing, and "Special Purpose Vehicles" -- have all failed to revive local economies suffering from government-mandated shutdowns. The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.
(36 comments) SHARE Saturday, August 22, 2020 From Lockdown to Police State: The "Great Reset" Rolls Out
All this is such a radical curtailment of our civil liberties that we need to look closely at the evidence justifying it; and when we do, that evidence is weak.
(23 comments) SHARE Sunday, July 5, 2020 When Profits and Politics Drive Science: The Hazards of Rushing a Vaccine at "Warp Speed"
More than 100 companies are competing to be first in the race to get a COVID-19 vaccine to market. It's a race against time, not because the death rate is climbing but because it is falling - to the point where there could soon be too few subjects to prove the effectiveness of the drug.
(1 comments) SHARE Thursday, July 2, 2020 Meet BlackRock, the New Great Vampire Squid
BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve.
(9 comments) SHARE Tuesday, May 19, 2020 Another Bank Bailout Under Cover of a Virus
State and local governments with a mandate to serve the public interest deserve to be treated as well as private Wall Street banks that have repeatedly been found guilty of frauds on the public. How can states get parity with the banks? If Congress won't address that need, states can borrow interest-free at the Fed's discount window by forming their own publicly-owned banks.
(14 comments) SHARE Monday, May 4, 2020 Crushing the States, Saving the Banks
Banks can now borrow effectively for free, without restrictions on the money's use. Following the playbook of the 2008-09 bailout, they can make the funds available to their Wall Street cronies to buy up distressed Main Street assets at fire sale prices, while continuing to lend to credit cardholders at 21%.
(7 comments) SHARE Monday, April 20, 2020 A Universal Basic Income is Essential and Will Work
A government-mandated shutdown has left households more vulnerable than at any time since the Great Depression, a UBI seems the most direct and efficient way to get money to everyone who needs it. But critics argue that it will just trigger inflation and collapse the dollar.
(13 comments) SHARE Saturday, April 4, 2020 Was the Fed Just Nationalized?
Wall Street and the stock market were driven onto life-support by a virus. It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached.
(7 comments) SHARE Wednesday, March 25, 2020 Socialism at Its Finest after Fed's Bazooka Fails
In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse.
(12 comments) SHARE Tuesday, March 10, 2020 The Fed's Baffling Response to the Coronavirus Explained
In an attempt to contain the damage, the Federal Reserve on March 3 slashed the fed funds rate from 1.5% to 1.0%, in its first emergency rate move and biggest one-time cut since the 2008 financial crisis. But rather than reassuring investors, the move fueled another panic sell-off.
(14 comments) SHARE Friday, January 10, 2020 The Fed Protects Gamblers at the Expense of the Economy
Solutions are available, but Congress itself has been captured by the financial markets, and it may take another economic collapse to motivate Congress to act.
(4 comments) SHARE Friday, December 27, 2019 The Key to Solving the Climate Crisis Is Beneath Our Feet
Saving the planet from environmental destruction is not only achievable, but that by focusing on regenerative agriculture and tapping up the central bank for funding, the climate crisis can be addressed without raising taxes and while restoring our collective health.