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Central Banks Have Gone Rogue, Putting Us All at Risk

Central Banks Have Gone Rogue, Putting Us All at Risk

. . .. . By Ellen Brown . Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves. An estimated 30 to 40 central banks are invested in the stock market, either directly or through their investment vehicles (sovereign […]

How China’s Mobile Ecosystems Are Making Banks Obsolete

How China’s Mobile Ecosystems Are Making Banks Obsolete

    By Ellen Brown,  http://EllenBrown.com The US credit card system siphons off excessive amounts of money from merchants, who must raise their prices to cover this charge. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard? […]

Trump Takes on the Fed

Trump Takes on the Fed

  By Ellen Brown The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility. For nearly half a century, presidents have refrained from criticizing the “independent” Federal Reserve; but […]

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

By Ellen Brown   The advantages of slavery by debt over “chattel” slavery—ownership of humans as a property right—were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part: Slavery is likely to be abolished by […]

The Public Bank Option – Safer, Local and Half the Cost

The Public Bank Option – Safer, Local and Half the Cost

. By Ellen Brown  http://EllenBrown.com  Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.   A UK study published on October 27, 2017 reported that […]

How to Cut Infrastructure Costs in Half

How to Cut Infrastructure Costs in Half

By Ellen Brown, The Web of Debt Blog Monday, January 30, 2017 President Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 trillion in infrastructure over the next decade. The $1 trillion plan revealed by […]

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