Articles by Ellen Brown, Web of Debt
We found 20 results.
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
Ellen Brown, Web of Debt – TRANSCEND Media Service,
11 Apr 2016
In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama Leak,” UK blogger Craig Murray writes that the whistleblower no doubt had good intentions; but he made the mistake of leaking his 11.5 million documents to the corporate-controlled Western media, which released only those few documents incriminating opponents of Western financial interests.
→ read full articleReinventing Banking: From Russia to Iceland to Ecuador
Ellen Brown, Web of Debt – TRANSCEND Media Service,
14 Dec 2015
11 Dec 2015 – Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items:
→ read full articleHang Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion Bail-in
Ellen Brown, Web of Debt – TRANSCEND Media Service,
23 Nov 2015
The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”) . . . .
→ read full articleThe Greek Coup: Liquidity as a Weapon of Coercion
Ellen Brown, Web of Debt – TRANSCEND Media Service,
3 Aug 2015
‘Let’s have an independent commission look into how on earth it is possible that a cabal of unelected movers and shakers gets full control over the entire financial structure of a democratically elected eurozone member government.’ As Canadian PM William L. M. King warned in 1935: “Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.”
→ read full articleGrexit or Jubilee? How Greek Debt Can Be Annulled
Ellen Brown, Web of Debt – TRANSCEND Media Service,
20 Jul 2015
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. For Greece, leaving the EU may be perilous; but it opens provocative possibilities. The government could nationalize its insolvent banks along with its central bank, and start generating the credit the country desperately needs to get back on its feet.
→ read full article“Guerrilla Warfare against a Hegemonic Power”: The Challenge and Promise of Greece
Ellen Brown, Web of Debt – TRANSCEND Media Service,
13 Jul 2015
9 Jul 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.
→ read full article“Sentence First, Verdict Afterwards”: The Alice in Wonderland World of Fast-tracked Secret Trade Agreements
Ellen Brown, Web of Debt – TRANSCEND Media Service,
22 Jun 2015
21 Jun 2015 – The terms of the TPP and the TiSA are so secret that drafts of the negotiations are to remain classified for four years or five years, respectively, after the deals have been passed into law. How can laws be enforced against people and governments who are not allowed to know what was negotiated?
→ read full articleFast-tracking TiSA: Stealth Block to Monetary Reform
Ellen Brown, Web of Debt – TRANSCEND Media Service,
15 Jun 2015
Money is just an IOU, and the banks are rolling in it. So wrote David Graeber referring to a paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result was to throw the entire theoretical basis for austerity out of the window.
→ read full articleThe Trans-Pacific Partnership and the Death of the Republic
Ellen Brown, Web of Debt – TRANSCEND Media Service,
27 Apr 2015
On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the TPP, a massive trade agreement that would override our republican form of government and hand judicial and legislative authority to a foreign three-person panel of corporate lawyers. The TPP would elevate the rights of investors – also called the rights of “capital” – above the rights of the citizens.
→ read full articleThe ECB’s Noose around Greece: How Central Banks Harness Governments
Ellen Brown, Web of Debt – TRANSCEND Media Service,
16 Mar 2015
Remember when the infamous Goldman Sachs delivered a threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or have central bank liquidity cut off to their banks? The European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs) has now made good on the threat. ECB goons are demonstrating once again that toxic central banking is a mortal enemy of democracy.
→ read full articleRussian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives
Ellen Brown, Web of Debt – TRANSCEND Media Service,
22 Dec 2014
19 Dec 2014 – 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.
→ read full articleThe Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board
Ellen Brown, Web of Debt – TRANSCEND Media Service,
15 Dec 2014
For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters.
→ read full articleColonization by Bankruptcy: The High-stakes Chess Match for Argentina
Ellen Brown, Web of Debt – TRANSCEND Media Service,
1 Sep 2014
Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar.
→ read full articleCry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?
Ellen Brown, Web of Debt – TRANSCEND Media Service,
18 Aug 2014
Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.
→ read full articleWall Street Greed: Not Too Big for a California Jury
Ellen Brown, Web of Debt – TRANSCEND Media Service,
28 Apr 2014
Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?
→ read full articleBanking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins
Ellen Brown, Web of Debt – TRANSCEND Media Service,
31 Mar 2014
“As things stand, the banks are the permanent government of the country, whichever party is in power.”
→ read full articleMonsanto, the TPP, and Global Food Dominance
Ellen Brown, Web of Debt – TRANSCEND Media Service,
2 Dec 2013
Global food control has nearly been achieved, by reducing seed diversity with GMO (genetically modified) seeds that are distributed by only a few transnational corporations. But this agenda has been implemented at grave cost to our health; and if the Trans-Pacific Partnership (TPP) passes, control over not just our food but our health, our environment and our financial system will be in the hands of transnational corporations.
→ read full articleThe Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
Ellen Brown, Web of Debt – TRANSCEND Media Service,
23 Sep 2013
Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows.
→ read full articleMaking the World Safe for Banksters: Syria in the Cross-hairs
Ellen Brown, Web of Debt – TRANSCEND Media Service,
10 Sep 2013
Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario. “The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”
→ read full articleGreen Light for City-Owned San Francisco Bank
Ellen Brown, Web of Debt – TRANSCEND Media Service,
5 Aug 2013
Last year, Bank of America and other major banks were caught rigging debt service auctions, for which they had to pay $673 million in restitution. The question is: do taxpayers want to have their public monies in a bank that has been proven to be defrauding them? Compounding the risk is the reason Cyprus “bail in” shocker, in which depositor funds were confiscated to recapitalize two bankrupt Cypriot banks.
→ read full article