Trumping the Federal Debt Without Playing the Default Card

By Ellen Brown, Web of Debt Aug 19, 2015 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. Dig deeper ( 7 Min. Read )

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

By Ellen Brown, Web of Debt Jul 10, 2015 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. Dig deeper ( 7 Min. Read )

A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

By Ellen Brown, Web of Debt Jul 5, 2015 Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the saint from whom the pope took his name. Dig deeper ( 6 Min. Read )

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

By Ellen Brown, Web of Debt Jun 13, 2015 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. Dig deeper ( 6 Min. Read )

How America Became an Oligarchy

By Ellen Brown, Web of Debt Apr 8, 2015 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. Dig deeper ( 7 Min. Read )

Why Public Banks Outperform Private Banks

By Ellen Brown, Web of Debt Feb 12, 2015 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. Dig deeper ( 6 Min. Read )

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

By Ellen Brown, Web of Debt Oct 26, 2014 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. Dig deeper ( 6 Min. Read )

How to Protect Public Revenues From the Next Meltdown

By Ellen Brown, Web of Debt Oct 12, 2014 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. Dig deeper ( 7 Min. Read )

A Public Bank Option for Scotland

By Ellen Brown, Web of Debt Sep 18, 2014 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. Dig deeper ( 6 Min. Read )

The Looming Foreclosure Crisis: Local Governments Step In

By Ellen Brown, Web of Debt Jul 7, 2014 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. Dig deeper ( 6 Min. Read )

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

By Ellen Brown, Web of Debt Jun 23, 2014 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. Dig deeper ( 6 Min. Read )

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

By Ellen Brown, Web of Debt Jun 8, 2014 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. Dig deeper ( 6 Min. Read )