The Venezuelan Myth by Ellen Brown

Hugo Chávez saludando al pueblo

Image by Globovisión via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
February 10, 2019

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.

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Why Germany Leads in Renewables: It Has Its Own Green Bank by Ellen Brown

Solar Farm, Brockville Ontario 2014

Image by Jonathan Potts via Flickr

Updated: Feb. 10, 2019 and Feb. 12, 2019

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 27, 2019

The Green New Deal endorsed by Alexandria Ocasio-Cortez and more than 40 other US Representatives has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the Green New Deal resolution proposes. It says funding will come primarily from certain public agencies, including the Federal Reserve and “a new public bank or system of regional and specialized public banks.”

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Why A Universal Basic Income Need Not Be Inflationary by Ellen Brown

Demonstration BGE

Image by Generation Grundeinkommen via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 29, 2018

Calls for a Universal Basic Income have been increasing, most recently as part of the Green New Deal introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and supported in the last month by at least 40 members of Congress. A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to Social Security. Critics say the Green New Deal asks too much of the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the resolution proposes. It says funding would primarily come from the federal government, “using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks,” and other vehicles.

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Michael Hudson: Banking Deep Dive + Ellen Brown and Abby Martin on Public Banking in LA

Class War

Image by killabodhi via Flickr

by Michael Hudson
Writer, Dandelion Salad
November 4, 2018

An interview with one of the best in the business, Bonnie Faulkner (Guns and Butter).

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Ellen Brown: The Unsustainable Burden of Student Debt

Indentured Student - Cartoon

Image by DonkeyHotey via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 1, 2018

on Oct 31, 2018

The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications.

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When And How The Economy Will Collapse Is Now In The Hands Of Central Bankers by Ellen Brown

Rich Uncle Pennybags

Image by Sean Davis via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 15, 2018

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.

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Trump Takes on the Fed by Ellen Brown

For All Debts...

Image by AK Rockefeller via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 31, 2018

The president has criticized Federal Reserve policy for undermining his attempts to build the economy. To best make the central bank serve the needs of the economy, it needs to be transformed into a public utility.

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Why Interest Rates Are Rising by Ellen Brown

End the Fed march - 14

Image by Steve Rhodes via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 22, 2018

The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?

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Block the Merger of Bayer and Monsanto by Ellen Brown

2013 March Against Monsanto DC 53

Image by Stephen Melkisethian via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 5, 2018

Bayer and Monsanto have a long history of collusion to poison the ecosystem for profit. The Trump administration should veto their merger not just to protect competitors but to ensure human and planetary survival.

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The Post Office Has Been Intentionally Targeted For Takedown by Ellen Brown

Post Office & Savings Bank

Image by duncan c via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 18, 2018

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.

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China’s Secret Source For Funding Infrastructure by Ellen Brown

roads and railways series #3

Image by woodleywonderworks via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
February 28, 2018

“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump’s transition team, “It is the largest infrastructure project initiated by one nation in the history of the world and is designed to enable China to become the dominant economic power in the world.” In a January 29th article titled “Trump’s Plan a Recipe for Failure, Former Infrastructure Advisor Says,” he added, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”

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Michael Hudson and Ellen Brown: Avoiding The Road To Serfdom

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson, with Ellen Brown
Writers, Dandelion Salad
Michael Hudson, Jan. 28, 2018
The Web of Debt Blog
February 10, 2018

I appeared alongside Ellen Brown on Princetown Community Television in two parts. Enjoy!

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The US Government Is The Largest Launderer Of Marijuana Cash In The Nation by Ellen Brown

Odeigorri II

Image by Federacion de Asociaciones Cannabicas (FAC) via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 24, 2018

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall Street. Congress needs to harmonize federal with state law.

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Today’s Students–Slavery by Debt, Part 2 by Ellen Brown

Slaves to Money, Solidarity (9 of 25)

Image by Glenn Halog via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 5, 2018

This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here.

The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students. Their loan rates are high and if they cannot pay, their debts are not normally dischargeable in bankruptcy. Rather, the debts compound and can dog them for life, compromising not only their own futures but the economy itself.

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Today’s Students–Slavery by Debt, Part 1 by Ellen Brown

Indentured Student - Cartoon

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 28, 2017

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.

The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part:
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