Ellen Brown
Author/Lawyer/Economic Analyst
Host: Basima Farhat
Previously Aired On: Tuesday, May 19, 2009 - Listen to the Show!
Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown’s eleven books include the bestselling Nature’s Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.
About “WEB OF DEBT”
This book exposes important, often obscured truths about our money system and our economic past and future. Our money is not what we have been led to believe. The creation of money has been “privatized,” or taken over by a private money cartel. It is all done by sleight of hand, concealed by economic double-speak. “Web of Debt” unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading, pointing out all the signposts. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation’s, you should read this book.
Ellen Brown has applied her training as a litigating attorney, researcher and writer to the monetary field, unearthing facts that even the majority of banking and financial experts ignore: ranging from the privatization of money creation, to the Plunge Protection Team, to the Federal Reserve’s `Helicopter Money.
Recently in an article by Ms. Brown (http://www.yesmagazine.org/article.asp?ID=3394), Revive Lincoln’s Monetary Policy: an Open Letter to President Obama, she reminds us of President Abraham Lincoln’s solution and that of the early American colonists, who printed their own money and bypassed the problems caused by the privately owned system such as our Federal Reserve.
Ellen’s article also draws on examples of other countries such as 1930’s Australia and New Zealand that avoided horrendous Depression conditions by drawing on a national credit card issued by publicly-owned central banks. Another country, China, has also funded impressive internal development through a system of state-owned banks.
In fact, Ellen Brown points to examples within our own country presently showing the way:
“Here in the United States, the state of North Dakota has a wholly state-owned bank that creates credit on its books just as private banks do. This credit is used to serve the needs of the community, and the interest on loans is returned to the government. Not coincidentally, North Dakota has a $1.2 billion budget surplus at a time when 46 of 50 states are insolvent, an impressive achievement for a state of isolated farmers battling challenging weather. The North Dakota prototype could be copied not only in every U.S. state but at the federal level.”
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