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The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt

The Bankers’ “Power Revolution”:  How the Government Got Shackled by Debt

    by Ellen Brown This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt […]

The Public Banking Revolution Is Upon Us

The Public Banking Revolution Is Upon Us

    by Ellen Brown As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first […]

Why Is the Fed Paying So Much Interest to Banks?

Why Is the Fed Paying So Much Interest to Banks?

    By Ellen Brown, http://EllenBrown.com   “If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, And you’ll achieve that sense of conquest as your affluence expands In the hands of the directors who invest as propriety demands.” — “Mary Poppins,” 1964 When “Mary […]

The Fed’s Dramatic About-Face

The Fed’s Dramatic About-Face

    By Ellen Brown, http://EllenBrown.com “Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The Fed “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was the […]

Trump’s War on the Fed

Trump’s War on the Fed

    By Ellen Brown October was a brutal month for the stock market. After the Federal Reserve’s eighth interest rate hike, on Sept. 26, the Dow Jones Industrial Average dropped more than 2,000 points, and the NASDAQ had its worst month in nearly 10 years. After the Dow lost more than 800 points on Oct. 10 and the S&P […]

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 […]

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