If China Can Fund Infrastructure With Its Own Credit, So Can We by Ellen Brown

roads and railways series #2

Image by woodleywonderworks via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
May 17, 2017

May 15th-19th has been designated “National Infrastructure Week” by the US Chambers of Commerce, the American Society of Civil Engineers (ASCE), and over 150 affiliates. Their message: “It’s time to rebuild.” Ever since ASCE began issuing its “National Infrastructure Report Card” in 1998, the nation has gotten a dismal grade of D or D+. In the meantime, the estimated cost of fixing its infrastructure has gone up from $1.3 trillion to $4.6 trillion.

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Deconstructing the State: Getting Small, Part 6 by Arthur D. Robbins

by Arthur D. Robbins
Writer, Dandelion Salad
Paradise Lost, Paradise Regained
May 9, 2017

War has indeed become perpetual and peace no longer even a fleeting wish nor a distant memory. We have become habituated to the rumblings of war and the steady drum beat of propaganda about war’s necessity and the noble motives that inspire it. We will close hospitals. We will close schools. We will close libraries and museums. We will sell off our parklands and water supply. People will sleep on the streets and go hungry. The war machine will go on.

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Which Is Safer, a Public Bank or a Private Bank? by Ellen Brown + The Savings and Stability of Public Banking by Ralph Nader

For All Debts...

Image by AK Rockefeller via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 11, 2017

Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”

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How Bankers Became the Top Exploiters of the Economy by Michael Hudson

Money!

Image by Thomas Galvez via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
March 28, 2017

The Next System Project’s Adam Simpson sat down with renowned economist and economic historian Michael Hudson to discuss economic deceptions old and new. Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and a prolific writer about the global economy and predatory financial practices. Among his latest books are Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy and its follow-up J is for Junk Economics: A Guide to Reality in an Age of Deception.

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Chris Hedges: Political Passivity + Costas Lapavitsas: Transforming Capital

OBEY

Image by laurent roger via Flickr

Dandelion Salad

with Chris Hedges

Citizens Connect on Oct 22, 2016

Linking existential anxiety to naive optimism and political passivity, Chris Hedges urges us to confront reality in order to escape illusion.

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Ellen Brown: Breaking Through the Money Power

For All Debts...

Image by AK Rockefeller via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 30, 2016

“Commercial banks create money, in the form of bank deposits, by making new loans… 97% of the [money] currently in circulation [is] created by commercial banks themselves.”

— “Money creation in the modern economy”, Quarterly Bulletin, 2014 Q1, Bank of England

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Central Bank Digital Currencies: A Revolution in Banking? by Ellen Brown

Bitcoin

Image by Tiger Pixel via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 16, 2016

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).

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Ellen Brown: Banks Can Take Your Money In A Crisis

NO BAIL! SEND 'EM TO JAIL!!

Image by A. Golden via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 13, 2016

My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann below.

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Killing Off Community Banks — Intended Consequence of Dodd-Frank? by Ellen Brown

North Dakota Banks large

Image by Truthout.org via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
October 21, 2015

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving.

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Private Banks or a Bank of the Government. A Comparison. by Rudo de Ruijter

en_why_he_gets_our_tax_money_380px

by Rudo de Ruijter
Writer, Dandelion Salad
Independent researcher
www.courtfool.info
Netherlands
October 12, 2015

Today we have a private banking system, with specific characteristics like the creation of “money” out of thin air and permanent “money” growth. First, you can find here below a short description of what a money system of the government could look like, eventually after a few intermediate steps. [1]

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“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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Ellen Brown: Real Wealth – A Future We Can Bank On + Vicki Robin + Donnie Maclurcan + Helena Norberg-Hodge

Tomatoes

Image by Dandelion Salad via Flickr

Updated: June 1, 2015

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
May 21, 2015

 on May 21, 2015

Ellen Brown is the founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. This is her plenary talk at the Economics of Happiness conference, held in Portland, Oregon in February, 2015. The conference was organized by Local Futures, a non-profit organization that has been promoting a shift from global to local for nearly 40 years. To learn more about the conference or Local Futures’ work, go to www.localfutures.org.

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Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 29, 2014

“As things stand, the banks are the permanent government of the country, whichever party is in power.”

– Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)

On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed. Continue reading

Warren’s Post Office Proposal: Greg Palast Aims at the Wrong Target by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 14, 2014

Post Office & Savings Bank

Image by duncan via Flickr

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Senator Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs – both the underbanked and the US Postal Service itself.

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Mike Konczal: US Postal Service Proposes Launching Low-Fee Public Bank

Post Office & Savings Bank

Image by duncan via Flickr

Dandelion Salad

TheRealNews on Mar 8, 2014

Mike Konczal: A public option for banks will dramatically improve and help regulate the financial services industry.  Continue reading