Stacy Summary: First half got bumped by Obama press conference. Here is second half interview with Ellen Brown.
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ref. max keiser – Get 6 mo’s free storage
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fiat money and the french revolution
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dare i say first?
great call … let Washington fail.
I guess she meant the US$ … like create new public money?
What kind of priority is that; First half got bumped by Obama press conference. Obama is on all the tv shows, every “news” corporation sends out this propaganda couldn’t they just leave the 20 min of broadcast in tact. Is it recorded, if so can post it or if completely cancelled nvm.
any “credit” not backed by the savings of labour/productive assets…is confetti….whether Washington, London, Basel or Bismark, North Dakota….you have learned nothing and remain as larcenous(petty variety) as “they” are…dueling, rivaling thieves.
Spartacus was NOT against SLAVERY…just his Slavery.
Thanks, Max. I wonder if Senator Byron Dorgan of N. Dakota (who was a fierce opponent of repealing Glass Steagall) has suggested state-run banks to his Washington colleagues.
Video won’t play.
North Dakota is the”state” that is primarily responsible for the completely USURIOUS situation with CREDIT CARDS….additionally; who receives more government(ag) subsidies per capita than those “freeman” in North Dakota….Max, you are really slippin’.: another Moouch on the loose….go buy some more Gold & stick where the Sun don’t shine.
Video plays for me
Max “who who who”
@stacy
Acorn, a massively corrupt organization, poverty pimps conspired with politicians to force banks to take on risky mortgages.
BREAKING: ACORN’s New Orleans Office Raided by Louisiana Attorney General
http://biggovernment.com/2009/11/06/breaking-acorns-new-orleans-office-raided-by-louisiana-attorney-generals-office/
when one deposits money in a bank; one is NOT DEPOSITING….one is agreeing to LEND money to the BANK.
when one votes; one is not gaining REPRESENTATION…one is giving//granting “power of attorney” to a fellow “citizen”(PARTY OFFICIAL)…there is no incumbency on//of representation.
Get freakin’ REAL PROLES.
Did I hear Bilderberg, new world order and global currency???
Right, whos gonna start us off on the boards tonight?
Latest Jim Willie
http://news.goldseek.com/GoldenJackass/1257555600.php
@Danny .. Bilderberg … YES !
Sheesh .. I never thought I’d hear those words from an respected Establishment Member ( Ellen Brown )!
Good on her !
@y’all
bilderbur…nothing too see move along!!!
http://tinyurl.com/ybt57al
An old friend of mine – Saxplayer
http://www.chrismartenson.com/blog/daily-digest-november-6/30957#comment-57006
He has some interesting articles listed today.
Ellen Brown is right. The Elite is trying to destroy the American economy. That’s what the Great Bailout of ’08 was all about. We can start by jailing the responsible parties – Bernanke, Paulson, Geithner for starters.
Thanks to those who recommended bringing Ellen Brown as a guest. She’s fantastic! Finally someone with a real solution to the Banking Bamboozlers.
Hey Max. Please educate your listeners about the DTCC – DTCC – Wall Street’s Untouchable Bookie
@Frank … DTCC ..Yep , keeping all those naked shorts secret !
@Phil – There’s a pattern here. Wall Street and the Fed keep everything secret and then they say its to avoid skewing the markets. But of course the insiders at GS and others are in on the secrets. So who does this benefit? And it also keeps their criminal activity from being revealed. They just bury all the evidence.
Very interesting scenario of the BIS or IMF outlawing state owned banks. Maybe that’s why China, which has one, wants increased representation at the board of the IMF. Let’s see how BRIC’s move for greater representation at the IMF board, and in the SDR, plays out.
Quigley’s Anglo-American Establishment (Bildeburg, CFR, etc.) works at the behest of the BoE and US Fed. There may still be some Dutch involvement at the highest levels too. Royal Dutch Shell, BP, etc., may also figure prominently.
According to some, the US and UK have moved behind the scenes to to trying to keep the SDR dominated by USD and GBP, as opposed to moving to 50% precious metals. Even they know the USD’s days as internat’l. reserve are numbered.
http://jessescrossroadscafe.blogspot.com/2009/10/sdrs-and-endgame-for-dollar-reserve.html
(This link, by the way, includes commentary on Max’ commentary on Fisk’s article).
@nick,..a faint heart never won a fair lady,..
@Danny .. Jim Willie
He’s always to the point, and you’d think the collapse is tomorrow … every time !
He should have been “right” at least 10 times by now … but the PTB is still playing the music whilst moving the chairs.
I wonder which big bank they’ll let go BK next … I’m still guessing on WFC.
Auto Execs Urge Government to Tax Fuel up to $8/Gallon to Increase Fuel Efficiency
…CEO at leading parts supplier: “Energy independence…ultimately means that fuel has to be more expensive”…
http://www.dailytech.com/Auto+Execs+Urge+Government+to+Tax+Fuel+up+to+8Gallon+to+Increase+Fuel+Efficiency/article16727.htm
Max…the Norman Yoke or the Norman JOKE.??
C.mon Max…you’re 50 & sans children…no skin in the game…just rants about very old games….accruing mostly to Max INC.
what is the difference between a state run bank and fascist-communist style bank. The details and logistics associated with such entities are identical. The elites using reverse phycology are getting what they really want.
Any system based strictly on profit and not the betterment of the standard of living by all the worlds population must be ignored.
Before a new technology based system is established, a eugenics campaign will be staged.
peerage requires peonage…let’s face it.
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??
From the bottom of my heart.. to the banksters…
http://www.youtube.com/watch?v=2WUD-nhsmkw
@jim,…..bit of background music for ya !
http://www.youtube.com/watch?v=XzK5YEVMHn4&feature=related
Max…after Godel, Heisenberg & Wittgenstein…it’s back to High School popularity & Bentham…a degraded hedonics; if there ever was one….Modernity as Monotony….complete hysterically, hyped BOREDOM….the Pen-ultimate STASIS….soo Byzantine.
@ phil
how about if we (the US) stop invading weak 3rd world countries to steal their oil and make it cheap for the filthy stinkin’ rich? Then we can use the money saved to subsidize the poor to so they can afford higher gas prices.
Dedo…it’s all Vegas from here on out….till of course; it ain’t…, then, will we ever notice??
Dedo…I like the sadness in their voice: sadness gic=ves way; prepares for JOY…overall, aesthetics remains a very unsatisfying substitute for REALITY.
Symbols must REVEAL….no one cares for “objective” replication. Man is Supra-Natural; NOT Social.
Hives & Colonies are SOCIAL
Only man is capable of seeing Contradiction as Reality and Convention as Fallacy.
Contradiction Unites….Convention dissembles..We are Unified by a Mystery; an un-tenuous Miracle.
Miracles are not Enigmas’…not Puzells’…not Riddles. They are simply MYSTERIES…and nothing more….and mysteries are most FRAGILE.
by the time we as a nation realise what the hell is going on, the cupboards will be empty. the revolutionary war in america got a really good start from a snowball fight in boston. we’ve had over 100 banks go belly-up this year alone! massive lay-offs and firings! the banks that were too big to fail, bailed out, now handing out their bonuses like nothing happened! and in revolutionary boston, a snowball fight helped galvanise the populace against the british!
Friday Humour
A police officer pulls over a speeding car. The officer says, “I clocked you at 80 miles per hour, sir.”
The driver: “Sorry, officer, I had it on cruise control at 60, perhaps your radar gun needs calibrating ?”
Not looking up from her knitting, the wife says: “Now don’t be silly, dear, you know that this car doesn’t have cruise control.”
As the officer writes out the ticket, the driver looks over at his wife and growls, “Can’t you please keep your mouth shut for once?”
The wife smiles demurely and says, “You should be thankful your radar detector went off when it did.”
As the officer makes out the second ticket for the illegal radar detector unit, the man glowers at his wife and says through clenched teeth, “Dammit, woman, can’t you keep your mouth shut?”
The officer frowns and says, “And I notice that you’re not wearing your seat belt, sir. That’s an automatic $75 fine.”
The driver says, “Yeah, well, you see officer, I had it on, but took it off when you pulled me over so that I could get my license out of my back pocket.”
The wife says, “Now, dear, you know very well that you didn’t have your seat belt on. You never wear your seat belt.”
As the police officer is writing out the third ticket, the driver turns to his wife and barks, “WHY DON’T YOU PLEASE SHUT UP??”
The officer looks over at the woman and asks, “Does your husband always talk to you this way, Ma’am?”
The wife smiles and says, “Only when he’s been drinking.”
http://www.caseyresearch.com/displayCdd.php?id=269
Who is Obama to BUMP MAX of all the NERVE!!!!!!!!
@marietta … 8$ gas
LOL … you do realize that the German Green party proposed this years ago .. and the introduced the Green-Tax on fuel ! Maybe that’s what one can expect next in the US !
Of course, it didn’t change anything …
a) German cars still guzzle too much
b) the state enjoys the extra tax revenues
BTW ..why is that Politicians are never made accountable for their constant lies ?
In Germany, they introduced Electronic-Eyes on the Autobahns that track every German Lorry and charge them 15 Eurocents per Kilometer .
The Politicians at the time said : “It is only for Lorries and will never be used for private cars”.
Well, guess what, “Yesterday” … they said “The next step is obviously private cars now that it worked so well for Lories”
Just great !
What was the story about that Mexican that was content just making a few clay pots each day on the beach ?
The American said : “If you build a factory with a money-loan from me, you can become so rich that you will have the time to just sit on the beach and relax doing whatever you want to do”
The Mexican looked at him inquisitively : “You mean like I do right now ?”
Controversial private US security firm, Blackwater is reportedly hiring ex-Pakistan security officials at mind-boggling salaries.
…According to The Nation, the US firm has offered some of the retired Pakistani officials a whopping salary package of 60,000 dollar per month….
http://www.andhranews.net/Intl/2009/November/6/Blackwater-hiring-38019.asp
Amazing where the US$s ( that the US doesn’t have ) end up !
http://www.poptech.org/popcasts/juan_enriquez__poptech_2006
The stars and stripes forever? Futurist and author Juan Enriquez isn’t sure of that. He cites a long history of borders, countries and flags that have changed, and warns the United States isn’t immune.
http://www.mapsofwar.com/ind/imperial-history.html
gotta check this out
@jim,……sadness is just a degree of warmth,…temperature is just a measurement of hope,..we all live in a “world” of expectations,..why do we halt such?
Brilliant Interview.
Thanks guys.
Funny how we still “cannot speak their names”.
Ellen has the plan to change the system. However it is going to take spineless Govts to do it, and its going to take people to make it happen.
Just like Health Care the people will cry “Communism” when you mention State owned banks. The people are their own enemy, no one else.
In Australia, I belong to a Credit Union. They are small and only use deposits for loaning. They have NO fees or charges. They are super conservative and don’t meddle in all that speculation rubbish.
I have never had a credit card and never had a mortgage. I have debit card which acts as a credit card but with my money in my account. When the crash happens here I’m buying a place with cash, or maybe a tiny mortgage if I must.
If no crash ever happens I have da money invested conservatively. Lucky we don’t have zero interest rates here
Oh, and I never drink fizzy drinks ie Coke, they are doing to the human body what the banks are doing to our lives….Rotting them from the inside.
So, it is possible to ignore the big banks and fizzy drinks.
Just take control of your life and do some research.
I tell my friends about this credit union and they don’t move their money, probably due to advertising in the brain.
In the words of Ben Stiller….”Do it, Just do it”
http://www.youtube.com/watch?v=lmUZGdi7Ty4
The day is not far away when Obama will be bumped by Max Kaiser ‘On the Edge’.
Ellen is right.
This system needs to be exposed as a fraud and therefore this financial system must completely crash(she didn’t say the second bit, I just added that)
That means everything from derivatives to short selling to fees on cash dispenser machines.
Its rotten and when Ellen says we can just ignore Wall Street and the banking system I hope she means China and BRIC for a start.
Then the rest may figure it out.
China, India and Russia are doing what Max suggests, but gold and wait for the complete collapse.
Its not a bad thing, its a good thing.
Once we realise that we will be happier. Change is scary for most people – So what. You have the choice of change or keep whingeing. Decide.
Leave the banking system and it will shrivel and die. Just walk away from it. Whatever, buy gold, leave the big banks, bombard the system with emails, these videos of Ellen, or whatever you want to, just ignore them as an entity and walk away.
It is clear that the stock markets now have no relation whatsoever to economics when Unemployemnt can go to 10.3% in the US and the stockmarket rises, or at least doesn’t bomb.
)
If I hear another economist say “Oh, it was already factored in” I will scream
Good luck folks
Woooohoooo
One fire this morning!
So Lehmann and Northern Rock were like the two hostages who actually got shot to prove to the authorities that the kidnapper means business.
“Ok, don’t shoot anymore – Heres your money”
We all know that once extorted, always extorted. Theres no turning back now for the US and Britain.
So, we just ignore these financial centres who do little else. They can just be the worlds Vegas where you can visit for a cheap thrill every so often.
@dan valley … Excellent lecture .. Thanks
http://www.poptech.org/popcasts/juan_enriquez__poptech_2006
The stars and stripes forever?
Do It.
http://www.kingworldnews.com/kingworldnews/G+_Articles/Entries/2009/11/6_Will_Russia_really_sell_gold_in_the_open_market_or_will_it_keep_buying_By_Julian_D.W._Phillips.html
Bank failure Friday – 2 so far today
http://www.fdic.gov/bank/individual/failed/banklist.html
You Are kidding me, right?
“Boom in Australia could last for years”
http://www.theaustralian.com.au/news/nation/new-boom-could-last-for-years-says-a-bullish-rba/story-e6frg6nf-1225795202811
@WL … Bank failure Friday – 4 so far today
@Phil
That was fast .. last week was 9 total
Video made from a Council on Foreign Relations podcast, they are arrogant bas#@%^&
Take Your Damm Flu Shot-The Elites Are Laughing At You
http://www.youtube.com/watch?v=yqYuyx8U9_g
Actually last week was 12, but some are affiliates
@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?
We only get half because the President had a press conference? That sucks!!!!!!
http://www.wired.com/culture/lifestyle/magazine/15-11/st_best
What’s your best conspiracy?
@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
Click on the individual bank name and you’ll see the acquiring institution.
http://www.fdic.gov/bank/individual/failed/banklist.html
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?
Mark your calendars, blackberries and iphones
The death of the USA Empire in 2020
http://www.youtube.com/watch?v=3lWuc_K8awo
@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)?
You become a customer of the new institution with a name on an account backed by nothing. Not even a casino chip.
“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?
@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
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
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
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/
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
@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
@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.
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.
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
@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?
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.
@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/
Since I live in Florida I see all the old folks and they are clueless and it breaks my heart.
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.
These guys are phatetic Happy Days http://www.youtube.com/watch?v=yLt7clQbBzo
pathetic
Talk on debt by Steve Keen
http://www.debtdeflation.com/blogs/
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
Frances…meet you under the Moon…..first tree on the Right.
Steve is such a rambling bad speaker. Much better writer.
Ultimate Conditions for Recovery – The 0% official rate the badge of dishonor http://tinyurl.com/ybde2pz
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/
Prechter’s Predictions
http://www.cnbc.com/id/15840232?video=1319011626&play=1
Says next cycle is … US$ up and stocks down
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.
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
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.
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!
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/
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.
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.
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
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.
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.
Thanks for the excerllent interview.
Ellen Brown is one of the very few people who understand the problems and offers solutions.
Larry
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!!
Thanks for explaining how the money is created and for suggesting a solution to oru economic problems..
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