[OTE 26] On the Edge with Ellen Brown

November 6th, 2009 by stacyherbert

Stacy Summary: First half got bumped by Obama press conference. Here is second half interview with Ellen Brown.

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98 responses so far ↓

  • WL
    Nov 6, 2009 at 5:32 pm

    Actually last week was 12, but some are affiliates

  • Mini US
    Nov 6, 2009 at 5:35 pm

    @Phil and WL

    With all these bank closures…
    The depositors get their deposits right?
    Its Governemnt backed/insured.
    So the taxpayers are paying for the depositors. Is that how it works. Sorry, unfamiliar with set up.

    Do they get USD or casino plastic chips?

  • bfskinner
    Nov 6, 2009 at 5:45 pm

    We only get half because the President had a press conference? That sucks!!!!!!

  • WL
    Nov 6, 2009 at 5:47 pm

    @Mini

    FDIC insurance up to 250k per account. However, the banks are effectively taken over by another and the debts wiped, arranged by the FDIC. The good bank, bad bank accounting scam, effectively. FDIC is also broke, they are trying to extort “insurance premiums” from the banks in advance, years in advance. Totally unsustainable. Sheila Bair of the FDIC stated that they can never go broke as they are backed by the Fed and they have an unlimited balance sheet. So, yes backed by casino chips.

    Is this real Ukraine in flu crisis

    http://www.youtube.com/watch?v=HxlMJ4S3KHM

  • WL
    Nov 6, 2009 at 5:49 pm

    Click on the individual bank name and you’ll see the acquiring institution.

    http://www.fdic.gov/bank/individual/failed/banklist.html

  • Mini US
    Nov 6, 2009 at 5:53 pm

    Get this.
    Charles Nenner, who used to be a chartist for GS, says there is risk going long in the markets.
    But…

    “However, traders who want to do so could buy Goldman Sachs, Exxon Mobil, and QQQQ”

    Hahahahhaha, I wonder why?

  • WL
    Nov 6, 2009 at 5:53 pm

    Mark your calendars, blackberries and iphones

    The death of the USA Empire in 2020

    http://www.youtube.com/watch?v=3lWuc_K8awo

  • Mini US
    Nov 6, 2009 at 5:56 pm

    @WL

    Thanks WL. Muchly appreciated.
    Does that mean the depositor then becomes a customer of the New ‘Good Bank’ automatically, or you just get a cheque (for plastic chips)?

  • WL
    Nov 6, 2009 at 6:01 pm

    You become a customer of the new institution with a name on an account backed by nothing. Not even a casino chip.

  • frances snoot
    Nov 6, 2009 at 6:06 pm

    “The Lords Spiritual, the Lords Temporal & the Lords Commons…now there’s a trinity all we Naturalists can be especially PROUD of….right, Lady Frances??”

    If you say so, Lord Jim. I think I make a poor Naturalist but like to dabble my feet in Naturalism and then hide behind Victorian prudence. Rather like Hardy did. Of course he was the master with words and Joyce. Joyce so vulnerable and angry.

    We’re all made vulnerable by that incessant need: to find the transcendental signified and align ourselves with that hope. If one is a true naturalist one doesn’t even bother. So I am not.

    I too hope.

    But how can you look out from your tower and make such declarations of surety? Hasn’t anyone lobbed anything at you? Are you so very well hidden? Are you actually hiding behind the surety and are just as confused and wondering as the rest of we mere mortal seekers?

    I think religion is only bravado and applause. Reliquish the words and find no substance.

    Is your substance more than words, Lord Jim?

  • Mini US
    Nov 6, 2009 at 6:11 pm

    @WL
    Thanks again for info.

    So, as these banks get swallowed up andt he funds get moved to the next bigger ‘Good’ Bank, the god banks become ‘gooder’ and there are less.
    Then you becomes left with…..Fanfare……One good bank.

    GOLDMAN SACHS

  • Mini US
    Nov 6, 2009 at 6:13 pm

    Sorry misprint.
    Not a god bank I meant good bank.
    That is until you get to the GS stage, then it does become a god bank ;)

  • Mini US
    Nov 6, 2009 at 6:28 pm

    If Ted Butler thinks anything will change while this guy is in charge he should lower his expectations.

    “Chairman Gensler doesn’t seem particularly afraid of trading moving overseas and for good reason – it isn’t going to happen. He has much experience on Wall Street, being made a partner of Goldman Sachs at age 30.”

    Full article about commitment of Traders.

    http://www.kingworldnews.com/kingworldnews/G+_Articles/Entries/2009/11/6_THE_BOMB_SQUADBy_Theodore_Butler.html

  • gb
    Nov 6, 2009 at 6:42 pm

    how f’cked is this?
    Students who question murder convictions under investigation

    “… the state attorney’s office issued a subpoena for the students’ grades, grading criteria, expense reports, syllabi and e-mail messages…”

    http://edition.cnn.com/2009/CRIME/11/06/lapin.wrongful.conviction/

  • WL
    Nov 6, 2009 at 7:24 pm

    Guns and Butter – November 4, 2009 at 1:00pm

    Guns and Butter – The Assassination of John F. Kennedy, Part One

    “The Assassination of John F. Kennedy, Part One” with researcher John Judge. Audio From the Grassy Knoll, Dallas, November 22, 2002; introduction by John Judge at the Coalition on Political Assassinations (COPA) annual meeting in Dallas; interview with John Judge on the Kennedy Assassination.

    http://www.kpfa.org/archive/id/55858

    http://aud1.kpfa.org/data/20091104-Wed1300.mp3

  • Youri Carma
    Nov 6, 2009 at 8:16 pm

    @WL

    Although I disagree with him on quiet some points, it’s maybe an inside of desired politics on Gas which seems very preocupied on all the possible resources out their like Clean Coal for Instance or Sun Energy both big players in the future.

    But the CO2 Hoax turned sour before snake eyes now cause the Oceans actually cooled down and that was scientificly measured and easy to do.

    Also the sunspot activity is still at an all time low and it’s just stupidity to rule out the sun as the “Very Big Nuclear Reactor” for the earth and the other planets. How this all hooks in with EL Nino seems to be clear. EL Nino is driven by the warmer or coolers ocrans so a clear indicator.

    NASA has a theory but you can’s build a future on very speculative theories which could be hip but not confirmed by other scientists it stays public relation. The abnormal, cycle breaking “behavior” of the sun deserves further attention and is a greater concern manny want to admid publicly cause good news sells better, at least some think.

    Donald Coxe contradicts his own story by saying that the Monney Supply is decreasing. I tend to think that he wants to turn deprecation with inflation which is a stupid or deleberitely false misleading symantec game.

    What is happening is a decoupling of the oil price from the dollar which mainly drives the ongoing trend of a declining dollar.So the worry only about inflation is very short sided and delusional in thinking that Bernanke hasn’t already monetized a part of his debt. This is an additionary worry to further fuel a dollar decline. And last but not least everybody is shorting the dollar in the Dollar Carry trade not to be underestimated. But the carry trade as a reversed side which could easily cause undesired volatility in the dollar as the oil coin. This could be an addtional reason to further part from the dollar oil trader wise cause the upturn will be short lived on the long side of the carry.

    The shameless increasing spending of the U.S. Government with dire outlook on tax income doesn’t make an Happy view on the dollar either. Donald Coxe mentioned this himself.

    Whatever reason the dollar is declining and this will make the imports very expensive. Donald Cox asumes that their will be a up tick in demand but fails to explain where this demand maybe comming from in still rising unemployment environment not to mention the toxics, the defaults from personal loanings, mortages, real estate.

    So bottemline: A very thin veiled investment story with to many oncertaincies but also with a lack of multidimensional thinking. There are however also many true points in the story and it also gives you some good stuff of thinking about.

    I Must Hear Donald Coxe Conference Call – Commodity talk & Global Crises http://tinyurl.com/b4t94j

  • Youri Carma
    Nov 6, 2009 at 8:42 pm

    @maxkeiser

    Some very sane the Good Right Stuff there together with Ellen Brown. A real Edge hitter hope more people will pick up the ball of very good ideas and kick it mile in the local communities forgotten by Wall Street but not by Main Streat.

  • frances snoot
    Nov 6, 2009 at 8:52 pm

    Dare
    I double-dog-dare you, Youri, to say what you really think and not some sappy-sucker -song that even you could not believe would happen. Ellen Brown should sell Girl Scout cookies. Do you believe that local communities will be allowed to follow their dreams? Oh, yes, and the state apparatus will continue without being hindered?

    And why does she fear to name names?

    For Christ sake@Youri Carma. We are but livestock for the men who lick the bloody slaver and belabor the waiting.

  • Youri Carma
    Nov 6, 2009 at 9:24 pm

    Consumer spending falls as sentiment sours http://tinyurl.com/yjmx4xm

    U.S. consumer sentiment dips in Oct: survey http://tinyurl.com/yghpzqt

    CFR forecasts declining dollar and pushes for a global currency system http://tinyurl.com/yg269pd

  • Youri Carma
    Nov 6, 2009 at 9:40 pm

    @frances snoot

    I dear to differ we are already livestock bloody slaver and belabor Ford invented it and McDonalds kicked the ball they only have to chip us with their wicked ways implant system. But the public is deluded in Bernanke Tricks like “We could rase interest rates but we don’t” which is bogus to begin with cause he can’t. Substraction of capital would very deflationary in an already deafaulting deflating market especialy in the Financial sector. Cutting of liquidity to the real economy isn’t wise and “cause we have no money but we have only we keep it” isn’t a good reason enough. Debt is rising above level of financing in this rate with no solution but rase interest rates?

  • frances snoot
    Nov 6, 2009 at 9:44 pm

    Nice, Youri.

    Yes, that’s why Bill Gross ended his essay with “out out brief candle” because there is no option left.

    I hope that the people here will be protected, that’s all. So many old folks. I can’t do much.

  • Youri Carma
    Nov 6, 2009 at 9:45 pm

    @frances snoot

    Maybe McDonalds has to work with Surrogates to get rid of any human in the working space to avoid “costly” real human expoiters. http://www.imdb.com/title/tt0986263/

  • frances snoot
    Nov 6, 2009 at 9:45 pm

    Since I live in Florida I see all the old folks and they are clueless and it breaks my heart.

  • frances snoot
    Nov 6, 2009 at 9:48 pm

    You are right, Youri. Ford did invent it. It is interesting the way that Detroit went. Max said the beavers were coming back to Detroit. Yes. And there were many killers of the beavers to make nice fur coats once.

    It is all Karma. And we here have very very bad Karma.

    But I do not like to lie to people who must die soon. Better to make their last days happy ones.

  • Youri Carma
    Nov 6, 2009 at 10:09 pm

    OECD warns of risk of high long-term unemployment http://tinyurl.com/yk4y9ju

    Food Stamps Will Feed Half Of US Kids, Study Says http://tinyurl.com/ybpq3nb

    CFR forecasts declining dollar and pushes for a global currency system http://tinyurl.com/yg269pd

  • jim
    Nov 6, 2009 at 10:15 pm

    Frances…meet you under the Moon…..first tree on the Right.

  • Hadley
    Nov 6, 2009 at 10:15 pm

    Steve is such a rambling bad speaker. Much better writer.

  • Youri Carma
    Nov 6, 2009 at 11:02 pm

    Ultimate Conditions for Recovery – The 0% official rate the badge of dishonor http://tinyurl.com/ybde2pz

  • The Man from Glad
    Nov 7, 2009 at 4:11 am

    Use interest earned by a state bank to cover taxes. Like some of the American colonies did. Benjamin Franklin wrote that the British outlawing that practice led to the revolution.

    http://21stcenturycicero.wordpress.com/fraud/how-benjamin-franklin-made-new-england-prosperous/

  • Phil
    Nov 7, 2009 at 4:45 am

    Prechter’s Predictions

    http://www.cnbc.com/id/15840232?video=1319011626&play=1

    Says next cycle is … US$ up and stocks down

  • Bill Still
    Nov 7, 2009 at 5:58 am

    Max,
    The issue is consolidation of power on a multi-century timescale. The United States was a totally unacceptable breakout into freedom to those who fancy themselves as the world plutocracy. We are talking in big terms here — nothing less than humankind’s attempt to permanently escape serfdom.

    I won’t recite the history of that battle for freedom. It is adequately covered in both my 1995 film “The MoneyMasters” and my 1990 book “New World Order” — the first new world order book. But you are absolutely on the right track here. The American experiment in power sharing — governance by self-determination — is absolutely crucial to the future of human freedom.

    We are at a pivotal point. The outcome is certainly in doubt. Can the American public take back the power its Constitution spelled out? Or will we return to a sophisticated modern-day form of debt slavery? That is the very foundation of the current contest being played out on both the economic and political arena in America — world power consolidation, and its servant, debt.

    If you want to do a good thing for America and take your place in the march for human freedom, stay on this path.

  • Jay D
    Nov 7, 2009 at 7:05 am

    What happened to Truth About Markets? It is my favorite radio program of the week. It gives more insight into the markets than any other show. I also would appreciate a posting of the YouTube version of the interview with Ellen Brown. It is easier to share.

    Thanks

  • Travis
    Nov 7, 2009 at 9:10 am

    If what those outside of time claim is true, we are the only people in this universe that must pay to live where we were born. Here on earth “The Family, Lucifer?” a social memory that is complex (whereas we are fragmented) taxes the taxes we pay.

    But why? They do not need money, they control everything on this planet. It appears that democracy, the monetary system and religion was created in order to enslave us.

    Knowledge protects, ignorance endangers.

  • ednank
    Nov 7, 2009 at 9:26 am

    Very clear! thank you Ellen and Max for making it so clear…this should be told from the rooftops of all homes in america….if people knew “there would be a revolution before morning” (henry ford)…..now, how to get this message out…the good thing is that it is becoming so obvious that maybe we can react…we have the numbers!
    ednak Yea max and ellen!

  • Phillip
    Nov 7, 2009 at 11:29 am

    The late Charles Walters, founder of Acres USA (acresusa.com), wrote in March 2008:
    “It is a willed ignorance that permits the privatization of the constitutional mandate to “coin the money and regulate the value thereof,” this by permitting mere business hustlers to take over a sovereign power.”

    For more insights from one of the great minds of our time see The Nature Of Money at
    http://www.acresusa.com/toolbox/reprints/History%20of%20Money_CW.pdf

    And The Nature Of Wealth at
    http://www.economy101.net/

  • Stephen Lendman
    Nov 7, 2009 at 11:32 am

    Ellen’s a regular on my program, The Global Research News Hour. Her writing is exceptional and her comments right on. Her book Web of Debt is must reading to understand how bankers control our money and how we can get it back.

  • Aldea Martin
    Nov 7, 2009 at 3:02 pm

    Ellen is afraid to say that a person, town, city, state can issue money by establishing a bank – create money as they did in North Daiota, and in the not too distant future we could all be
    back to the good life.

  • Natural Money
    Nov 8, 2009 at 12:36 am

    This financial system has no future. The fundamental cause of economic inefficiency is usury, which is the charging of interest on money. The following example demonstrates that interest on money is unsustainable and leads to crisis:

    If someone brought a 1/10 oz gold coin to the bank in the year 1 AD, and the money remained there until the year 2000 AD, collecting a yearly interest of 4%, the amount of gold in the account would have been 3.6 * 10^31 kilograms of gold. This is 1.9 * 10^27 cubic metres of gold weighing 317 times the complete mass of the Earth.

    It is possible to achieve a much greater prosperity, with maximum capital growth without inflation, large debts, economic crises, unproductive government intervention and the unproductive part of the financial sector. See:
    http://www.naturalmoney.org/introduction.html

  • AnnT
    Nov 8, 2009 at 12:35 pm

    The BANKS are in crisis! We don’t need to go along with what “fixes” them! Let the world go off the dollar standard! And, the US should start print its own money, NOT borrowing it from private banksters that only pretend to have money. The only way for the US to maintain its sovereignty is to maintain control over its own currency.

    The creation of money is the sole prerogative of a sovereign government. The authority to create money belongs to the people. The US Constitution places this authority in Congress.

    In our current, unconstitutional, and immoral debt-based private banking monetary system, money is created out of thin air, by bookkeeping entry, whenever anyone, including the government takes out a loan. There are two major egregious points here:

    (1) This system enables a HUGE transfer of wealth from the people to the private banksters via collecting undeserved interest on money, backed by the “full faith and credit of the United States(!),” created out of thin air. Some people place this amount to be greater than $1+ trillion per year. A German economist estimates that half of everything we pay is interest. This is why the private banksters rule the US and the world — we’re giving them our money for doing NOTHING for it!!!!

    (2) There is always more debt than money, because only the principal is created but principal AND interest are owed back. So, our current private debt-based system is INHERENTLY inflationary! It is a Ponzi scheme requiring more and more borrowers for the creation of money to pay off the interest of the previous loans.

    Currently, there is ~$15 trillion in the money supply. This, by no coincidence, is equal to our federal debt. However, the public is in debt ~$50 trillion. This is why Ellen Brown thinks we are headed toward deflation — people just won’t have money to buy things like they used to. And, ultimately, the international bankers, via the G20 summits, will try to impose a new world currency, which, if we go along, will ultimately surrender our sovereignty to the private banksters, the ultimate of which is the International Bank of Settlements in Basel, Switzerland.

    A gold standard is unworkable and only serves the interests of the private bankers, those who own the gold. According to Brown, “Lincoln’s economist Henry Carey said that the twin weapons used by the British Empire to colonize the world were the ‘gold standard’ and ‘free trade.’”

    What should we do?!?!?
    (1) Read “Web of Debt,” by Ellen Hodgson Brown (www.webofdebt.com), “The Lost Science of Money,” by
    Stephen Zarlenga (monetary.org), and “Fixing the System: A History of Populism, Ancient and Modern,” by Adrian Kuzminski.

    (2) Repeal the Federal Reserve Act of 1913. Take back the authority to create money by passing the American Monetary Act (http://www.monetary.org/amacolorpamphlet.pdf ) or a similar bill that prohibits private banks from creating money out of thin air.

  • Ellen Brown
    Nov 8, 2009 at 1:10 pm

    I have to respond to the reader who said I was afraid to bring up the fact that we could solve our problems with state-owned banks a la the Bank of North Dakota. Ive written at least twelve articles on the Bank of North Dakota, going back to the fall of 2008, which are on my website at http://www.webofdebt.com/articles. I think I can lay claim to being the first to notice, at least in the last year or so, that the Bank of North Dakota was state-owned and playing the banker’s game themselves, and that all states could be doing the same thing. My latest article on it is here –
    http://www.webofdebt.com/articles/cut-wallstreet.php.

  • Larry from Pittsburgh
    Nov 8, 2009 at 3:50 pm

    Thanks for the excerllent interview.

    Ellen Brown is one of the very few people who understand the problems and offers solutions.

    Larry

  • Paul Hart
    Nov 8, 2009 at 8:47 pm

    I love you Max, keep knockin’ those wall street thugs bloody. Good interview with Ellen Brown. Her research showing the benefits of a public-owned, State bank is something that California should do immediately. The thieves from the big banks and credit card mafias would be soon put out of business.

    Another idea that is kicking around: A debt Jubilee. This goes back into historical times when Kings and Popes would declare a “Jubilee” every 30 or 40 years. The serfs would get to start over with a clean slate. Like a new game of monopoly. Jail for the Banksters, a Jubilee for the people!!

  • zrants
    Nov 11, 2009 at 6:29 pm

    Thanks for explaining how the money is created and for suggesting a solution to oru economic problems..

  • Richard H. Sykes
    Nov 12, 2009 at 2:44 pm

    Great interview on state owned banks.

    On that note are you aware of Stephen Zarlenga’s Lost Science of Money book? Stephen established The American Monetary Institute to organsise his efforts to take back the federal reserve from private lenders.

    Stephen provides free lecture’s on his reform policies in many major US cities. I attended one and for the first time walked away with a concept of what money really is, how its value can and should be established and maintained by Governments for the benefit for society.

    Stephen made simple complex subjects of how different schools of economics (Milton Friedman) have been devised to brainwash our money managers into accepting a system of credit based electronic money printing that has lead us into inflationary bubbles. However whats remarkable is that Stephen believes and is actively working towards a means to unwind and reform the damage that has been done.

    He advocates fiat currency which on the surface seems counter-intuitive to people who justifiably distrust Government. He lectures eloquently in lay terms and has provided these same reform lectures to Congress, the Green Party and Ron Paul.

    Here’s a link to his website:
    http://www.monetary.org/lostscienceofmoney.html

    If you haven’t already looked into Stephen Zarlenga’s please consider contacting this gentleman and featuring him on your website.

    Much appreciated,

    Richard

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