Ellen Brown is author of Web of Debt, and serves as president of the Public Banking Institute.
Description of Talk:
As a journalist, Ellen's passion for research led her to ask a simple question about where our money and banking come from: Why do we repeat the cycle of privatizing bank profits in the good times, and publicly owning their losses in the bad times?
Ellen's answer may surprise you: Throughout history, publicly-owned banks have coined money far cheaper than relying on governments to indebt themselves to private banks through a central bank like the Federal Reserve.
Ellen challenges the inevitability and safety of a money system dominated solely by privately-owned banks.
More on Ellen Brown:
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.
Includes 2 chapters by Ellen Brown!