Ellen Brown

Ellen Brown is an attorney and founder of the Public Banking Institute. She is the author of twelve books, including the best-selling Web of Debt, and her latest book, The Public Bank Solution, which explores successful public banking models historically and globally.

Articles by this author

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Wednesday, August 19, 2015 - 7:15am
Trumping the Federal Debt without Playing the Default Card
“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” — Former Fed Chairman Alan Greenspan on Meet the Press , August 2011 In a post on “Sovereign Man” dated August 14 th , Simon Black argued that Donald Trump may be the...
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Friday, July 31, 2015 - 7:15am
The Greek Coup: Liquidity as a Weapon of Coercion
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972) In the modern global banking system, all banks need a credit line with the central bank in order...
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Wednesday, July 15, 2015 - 8:30am
Grexit or Jubilee? How Greek Debt Can Be Annulled
Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. No write-down of Greece’s debt was included in the deal, although the...
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Saturday, July 4, 2015 - 8:45am
A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World
Pope Francis has been called “ the revolutionary Pope .” Before he became Pope Francis, he was a Jesuit Cardinal in Argentina named Jorge Mario Bergoglio, the son of a rail worker. Moments after his election, he made history by taking on the name Francis, after Saint Francis of Assisi, the leader...
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Friday, April 24, 2015 - 10:45am
The Trans-Pacific Partnership and the Death of the Republic
"The United States shall guarantee to every State in this Union a Republican Form of Government ." —Article IV, Section 4, US Constitution A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to...
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Monday, April 6, 2015 - 4:00pm
How America Became an Oligarchy
"The politicians are put there to give you the idea that you have freedom of choice. You don’t. . . . You have owners." —George Carlin, The American Dream According to a new study from Princeton University , American democracy no longer exists. Using data from over 1,800 policy initiatives from...
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Thursday, March 12, 2015 - 2:45pm
The Noose Around Greece: How Central Banks Harness Governments
Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6 th post here .) It seems the European Central Bank (headed...
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Tuesday, February 10, 2015 - 2:15pm
Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?
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. In November...
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Thursday, January 8, 2015 - 12:15pm
EU Showdown: Greece Takes on the Vampire Squid
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a " Cyprus-Style prolonged ban k holiday " if they "vote wrong." But they have been bullied for too long and are saying "no more."...
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Friday, December 19, 2014 - 3:00pm
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 the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Senator Elizabeth...
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