“Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of Greece by Ellen Brown + Hudson: Capitalism & Government Debt at Odds

Greece solidarity protest at British Museum #OXI

Image by Tom Pursey via Jubilee Debt Campaign via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 10, 2015

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.

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