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October 25, 2016
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Toward an Open Tomb

Toward an Open Tomb

By Michel Warschawski

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Tag: Ellen Brown

Funding California Schools: Proposition 51 Versus a State-Owned Bank

By borrowing from its own state-chartered, state-owned bank, California could save over $10 billion on a $9 billion loan.

Posted on Oct 20, 2016 READ MORE


Square, Category Page

Central Bank Digital Currencies: A Revolution in Banking?

Using technology developed for Bitcoin, central banks around the world could usher in a model of banking and credit that renders private banking obsolete.

Posted on Sep 21, 2016 READ MORE

Brexit and the Derivatives Time Bomb

Brexit could trigger a $500 trillion derivatives meltdown by forcing the European Union to allow insolvent member governments and banks to write down debt. But there’s an alternative.

Posted on Jul 6, 2016 READ MORE

As the War on Weed Winds Down, Will Monsanto Be the Winner?

The war on cannabis that began in the 1930s seems to be coming to an end. But skeptics question the sudden push for legalization, which is largely funded by wealthy investors linked to Big Ag and Big Pharma.

Posted on Jun 25, 2016 READ MORE

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

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

Posted on Apr 13, 2016 READ MORE

The Populist Revolution: Bernie and Beyond

With disenfranchised millennials at his back, Bernie Sanders’ proposal of a real financial revolution, a fundamental change in the system itself, is a great start to the necessary overhaul of society.

Posted on Jan 27, 2016 READ MORE

VIDEO: Can Hillary Clinton Be Trusted to Regulate the Banks That Made Her Rich?

Former financial regulator Bill Black and Public Banking Institute founder Ellen Brown see no indication in Hillary Clinton’s track record that she will fulfill any 2016 campaign promise to implement regulations on Wall Street.

Posted on Jan 21, 2016 WATCH & LISTEN

The Citadel Is Breached: Congress Taps the Federal Reserve for Infrastructure Funding

In a landmark infrastructure bill passed in December, Congress finally tapped into the Federal Reserve for infrastructure funding. Some experts say legislators should go further and authorize funds to be issued directly.

Posted on Jan 18, 2016 READ MORE

A Crisis Worse Than Islamic State? Bank ‘Bail-Ins’ Begin

While the mainstream media focus on Islamic State 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 United States.

Posted on Dec 29, 2015 READ MORE

Reinventing Banking: From Russia to Iceland to Ecuador

These transformations, current and proposed, are constructive steps toward streamlining the banking system, eliminating the risks that have devastated individuals and governments, democratizing money, and promoting sustainable and prosperous economies.

Posted on Dec 14, 2015 READ MORE

Hang On to Your Wallet: Negative Interest, the War on Cash and the $10 Trillion Bail-In

If you’re an ordinary saver with money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.

Posted on Nov 21, 2015 READ MORE

How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th Amendment, and it could be eliminated for good by restoring to the government its constitutional authority to create money.

Posted on Oct 28, 2015 READ MORE

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that they are rapidly disappearing—except in North Dakota, where they are thriving. Some say the intent was to force them to sell out to the mega-banks.

Posted on Oct 22, 2015 READ MORE

Time for the Nuclear Option: Raining Money on Main Street

Economists predict that we will soon see the direct injection of central bank-created money into the real economy worldwide. All other options having failed, governments will cover budget deficits by issuing money outright.

Posted on Sep 23, 2015 READ MORE

Financial Support for the People: The U.K. Labour Front-Runner’s Controversial Proposal

British MP Jeremy Corbyn has proposed a “quantitative easing for people” that has critics crying hyperinflation and supporters saying, “It’s about time.”

Posted on Sep 3, 2015 READ MORE

Trumping the Federal Debt Without Playing the Default Card

How can the U.S. remain strong, with very little debt, without defaulting on Social Security, Medicare or the federal debt itself? By reducing the debt by buying it and ripping it up.

Posted on Aug 19, 2015 READ MORE

Grexit or Jubilee? How Greek Debt Can Be Annulled

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.

Posted on Jul 16, 2015 READ MORE

‘Guerrilla Warfare Against a Hegemonic Power’: The Challenge and Promise of Greece

By nationalizing its banks and issuing digital loans and thus restoring the liquidity desperately needed by banks and the economy, Greece could provide a model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war being waged against us all.

Posted on Jul 10, 2015 READ MORE

‘Sentence First, Verdict Afterwards’: The ‘Alice in Wonderland’ World of Secret Trade Agreements

The terms of the Trans-Pacific Partnership and the Trade in Services Agreement are so secret that drafts of the negotiations are to remain classified for four years and five years after the deals become law. How can laws be enforced against people and governments who are not allowed to know what was negotiated?

Posted on Jun 24, 2015 READ MORE

‘Fast Track’ Would Hand the Money Monopoly to Private Banks—Permanently

If successful, the rush to “fast track” a trio of controversial trade deals would nip attempts to implement public banking and other monetary reforms in the bud.

Posted on Jun 13, 2015 READ MORE

The Trans-Pacific Partnership and the Death of the Republic

On April 22, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP), a massive trade agreement that would override our republican form of government and hand judicial and legislative authority to a foreign three-person panel of corporate lawyers.

Posted on Apr 26, 2015 READ MORE

How America Became an Oligarchy

At the core of the doctrine that all people have “certain inalienable rights” is the right to vote. But the collective will of American voters no longer prevails. And private banking is largely to blame.

Posted on Apr 8, 2015 READ MORE

California Water Wars: Another Form of Asset Stripping?

The battle over California’s limited water supply is pitting the people against the new “water barons”—Goldman Sachs, JPMorgan Chase, Monsanto and their ilk—who are buying up water all over the world at an unprecedented pace.

Posted on Mar 27, 2015 READ MORE

The Noose Around Greece: How Central Banks Harness Governments

It seems the European Central Bank has made good on a threat by Goldman Sachs to cut off liquidity to Greek banks in the event the nation elected an anti-austerity government.

Posted on Mar 11, 2015 READ MORE

Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds

Goldman Sachs is putting the squeeze on California and its school districts.

Posted on Feb 21, 2015 READ MORE

Why Public Banks Outperform Private Banks

Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. International private competitors have responded by pushing for regulations limiting the advantages of the public banking model, but public banking advocates are pushing back.

Posted on Feb 12, 2015 READ MORE

EU Showdown: Greece Takes on the Vampire Squid

The Greeks have been threatened by the European financial troika with a “Cyprus-Style prolonged bank holiday” if they “vote wrong” in an upcoming presidential election that looks likely to favor the EU-skeptic, anti-austerity, leftist Syriza party. But they have been bullied for too long and are saying “no more.”

Posted on Jan 10, 2015 READ MORE

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.

Posted on Dec 26, 2014 READ MORE

Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans

While banks do not need deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it.

Posted on Oct 26, 2014 READ MORE

How to Protect Public Revenues From the Next Meltdown

Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.

Posted on Oct 12, 2014 READ MORE

A Public Bank Option for Scotland

If Scotland decides to break away from the U.K., a publicly owned bank with a mandate to serve the interests of the Scottish people could help give the newly independent country true economic sovereignty.

Posted on Sep 18, 2014 READ MORE

Is the Fed Preparing to Asset-Strip Local Governments?

The Federal Reserve just eliminated municipal bonds from its list of high-quality liquid collateral assets. Banks are liable to start dumping them in favor of Treasuries and corporate bonds. The cost of credit will increase for municipal governments and decrease for corporate and financial institutions, and power and financial resources will be further shifted from the public sector to the private sector.

Posted on Sep 11, 2014 READ MORE

Council on Foreign Relations: It’s Time to Rain Money on Main Street

The September/October issue of Foreign Affairs features an article titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?

Posted on Sep 1, 2014 READ MORE

Colonization by Bankruptcy: High-Stakes Chess for Argentina

Territories were once captured by military might. Today they are annexed by debt. Destitute nations are driven into international bankruptcy courts that could do with whole countries what bankruptcy courts do with businesses: sell off their assets, including real estate. Sovereign territories could be acquired as the spoils of bankruptcy without a single shot being fired.

Posted on Aug 28, 2014 READ MORE

Cry for Argentina: Fiscal Mismanagement or Pillage?

Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Posted on Aug 15, 2014 READ MORE

You Can’t Taper a Ponzi Scheme: Time to Reboot

The rules of money have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there.

Posted on Jul 27, 2014 READ MORE

Big Banks Hit With Monster $250 Billion Lawsuit in Housing Crisis

In June, investors led by the world’s largest asset manager and the world’s largest bond-fund manager sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for the equivalent of 1 million homeowners with $250,000 in damages suing at one time.

Posted on Jul 17, 2014 READ MORE

The Looming Foreclosure Crisis: Local Governments Step In

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power, and low consumer demand is preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

Posted on Jul 7, 2014 READ MORE

Out-of-Control Central Banks on a Corporate Buying Spree

Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates. Central banks have become some of the world’s largest stock investors.

Posted on Jun 23, 2014 READ MORE

California’s Top-Two Primary Eliminates Third-Party Rivals

Primary elections originated in the American progressive movement and were intended to take the power of candidate nomination away from party leaders and deliver it to the people. California’s top two primary takes power away from those third parties representing the 99 percent and delivers it to the 1 percent.

Posted on Jun 8, 2014 READ MORE

Infrastructure Sticker Shock: Financing Costs Exceed Construction

Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s own bank.

Posted on Jun 1, 2014 READ MORE

Are Public Banks Unconstitutional? No. Are Private Banks? Maybe

The movement to break away from Wall Street and form publicly owned banks continues to gain momentum. But enthusiasts are deterred by claims that a state-owned bank would violate constitutional prohibitions against “lending the credit of the state.”

Posted on May 18, 2014 READ MORE

Why Jerry Brown’s Rainy Day Fund Is a Bad Idea

There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can have their cake and eat it too—with a state-owned bank.

Posted on May 8, 2014 READ MORE

Wall Street Greed: Not Too Big for a California Jury

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

Posted on Apr 25, 2014 READ MORE

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Posted on Apr 13, 2014 READ MORE

Bankers Win Both Ways: Now They Can Take Both Taxpayer and Depositor Money

On March 20, European Union officials reached a historic deal to save failing banks by tapping both taxpayer and depositor funds. It may be illegal under EU Parliament, but is being rushed through to lock taxpayer and depositor liability into place before the dire state of eurozone banks is exposed.

Posted on Mar 29, 2014 READ MORE

Warren’s Post Office Proposal: Palast Aims at the Wrong Target

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Sen. Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs—both the underbanked and the U.S. Postal Service itself.

Posted on Mar 13, 2014 READ MORE

The Stone That Brings Down Goliath? Richmond and Eminent Domain

Gayle McLaughlin, the bold mayor of Richmond, California, has gone where no woman dared go before, threatening to take underwater mortgages by eminent domain from Wall Street banks and renegotiate them on behalf of beleaguered homeowners.

Posted on Mar 3, 2014 READ MORE

The Credit Card Gravy Train Is Running You Down

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

Posted on Feb 14, 2014 READ MORE

Enough Is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option

JPMorgan Chase has been involved in more than a dozen felonies. Why are we still doing business with it?

Posted on Jan 30, 2014 READ MORE

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