The Corbett Report: Ellen Brown on Historical Currencies

James Corbett
The Corbett Report

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
July 24, 2010

Ellen Brown, the author of the popular Web of Debt, joins us to discuss the historical colonial scrip currency and its possibility as a model for our future.

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Why the U.S. Need Not Fear a Sovereign Debt Crisis: Unlike Greece, It Is Actually Sovereign by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
July 23, 2010

Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to “double A with a negative outlook” and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America. That is the concern, but the U.S. is distinguished from Greece in that its debt is denominated in its own currency, over which it has sovereign control.  The government can simply print the money it needs, or borrow it from a central bank that prints it. We should not let deficit hawks and short sellers dissuade the government from pursuing that obvious expedient.

We did not hear much about “sovereign debt” until early this year, when Greece hit the skids. Investment adviser Martin Weiss wrote in a February 24 newsletter:
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Who Will Pay, Wall Street or Main Street – The Tobin Tax or The Vat? by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 29, 2010

Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how?

The financial reform bill agreed to on June 25 may have carved out some protections for consumers, but for Goldman Sachs and the derivatives lobby, the bill was a clear win, leaving the Wall Street gambling business intact. In a June 25 Newsweek article titled “Financial Reform Makes Biggest Banks Stronger,” Michael Hirsh wrote that the bill “effectively anoints the existing banking elite. The bill makes it likely that they will be the future giants of banking as well.”

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Keiser Report №55: Ellen Brown on deficit terrorism

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 29, 2010

RussiaToday | June 29, 2010 | 26 minutes

This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of invisible gorillas, virtual pay and China’s hi-tech underclass. In the second half of the show, Max talks to Ellen Brown, author of Web of Debt, about ‘deficit terrorism.’

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Deficit Terrorists Strike In The UK – USA Next? by Dr. Ellen Brown

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by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 17, 2010

Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since virtually all “money” today originates as loans or debt. Reducing the outstanding debt will reduce the amount of money available to pay workers and buy goods, precipitating depression and further economic pain.

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Ellen Brown: The Financial Hijacking of America

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 12, 2010

Bonnie Faulkner
Guns and Butter
http://www.kpfa.org
June 9, 2010

Brief history of banking; two ways to create money, either publicly or privately; credit creates money and debt; the Federal Reserve; bubbles and crashes; market manipulation; recent changes in banking and accounting rules; securitization; Bank of International Settlements in Basel, Switzerland; the need for state owned banks.

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Banks Profit From Near-Zero Interest Rates: Another Reason For States To Own Their Own Banks by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 5, 2010

While individuals, businesses and governments suffer from a credit crisis created on Wall Street, the banks responsible for the crisis are tapping into nearly-interest-free credit lines and using the money to speculate or to make commercial loans at much higher rates. By forming their own banks, states too can tap into very low interest rates, and can buffer themselves from another Lehman-style credit collapse.

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The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 21, 2010

For over a decade, accountant Walter Burien has been trying to rouse the public over what he contends is a massive conspiracy and cover-up, involving trillions of dollars squirreled away in funds maintained at every level of government. His numbers may be disputed, but these funds definitely exist, as evidenced by the Comprehensive Annual Financial Reports (CAFRs) required of every government agency. If they don’t represent a concerted government conspiracy, what are they for? And how can they be harnessed more efficiently to help allay the financial crises of state and local governments?

The Elusive CAFR Money

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What is good for Goldman Sachs is bad for the world By Jerry Mazza

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By Jerry Mazza
Featured Writer
Dandelion Salad
crossposted at Online Journal
www.jerrymazza.com
May 13, 2010

Excuse me, Charlie Wilson, for parodying your 1955 line as chairman of General Motors that “What is good for General Motors is good for America.” Especially since 53 years later GM’s stock is at an all-time low with little prospect of zooming back up.

It seems that dinosaur GM helped extinct itself through a series of errors. They are well documented by financial trader Adam Hewison, co-founder of the MarketClub.com, in his linked article and DVD. The errors include developing an electric car in 1996 when gas was $1.28 a gallon, naming the battery powered car the EV1, then scrapping it in 2002 when prices were climbing to $4 a gallon. Oops!

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On The Edge With Max Keiser: Ellen Brown on Computerized Manipulation of the Market

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 8, 2010

PressTVGlobalNews

May 08, 2010 — An exclusive interview with Ellen Brown, Author of Web of Debt

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The Global Economic Crisis, The Great Depression of the XXI Century, Preface

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by Michel Chossudovsky and Andrew Gavin Marshall
Featured Writer
Dandelion Salad
May 8, 2010

The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.

Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives.

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Stock Market Collapse: More Goldman Market Rigging? by Dr. Ellen Brown

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by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 7, 2010

Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and the dire threat of a sovereign Greek default. By Thursday, Goldman’s fraud had slipped from the headlines and Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks. On Friday, Goldman was in settlement talks with the SEC.

Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they?

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Will Hollywood Go The Way Of Enron? Derivatives Come To The Movies by Dr. Ellen Brown

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by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 3, 2010

As if attacks from paparazzi and star-crazed fans weren’t enough, Hollywood stars may soon have a literal price put on their heads by investors in the Cantor Exchange, a real-money trading platform where people can bet on the gross profits of upcoming movies. Sales of The Dark Knight skyrocketed after Heath Ledger died unexpectedly, and so did sales after the deaths of Michael Jackson, Elvis Presley and Marilyn Monroe. Will greed-driven investors now be laying in wait for the stars of movies they have bet on?

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Computerized Front Running by Dr. Ellen Brown

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by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
April 23, 2010

How A Computer Program Designed To Save The Free Market Turned Into A Monster

While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs.

Market commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls “rigged market capitalism”: all markets today are subject to manipulation for private gain.

Keiser isn’t just speculating about this. He claims to have invented one of the most widely used programs for doing the rigging. Not that that’s what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating “front running” – brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running.

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Student Loans: The Government Is Now Officially In The Banking Business by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
March 31, 2010

“We say in our platform that we believe that the right to coin money and issue money is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson . . . and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.

William Jennings Bryan, Democratic Convention, 1896

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