Comments on: [OTE 26] On the Edge with Ellen Brown

By: Richard H. Sykes

Richard H. Sykes — Thu, 12 Nov 2009 21:44:04 +0000

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

By: zrants

zrants — Thu, 12 Nov 2009 01:29:09 +0000

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

By: Paul Hart

Paul Hart — Mon, 09 Nov 2009 03:47:45 +0000

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!!

By: Larry from Pittsburgh

Larry from Pittsburgh — Sun, 08 Nov 2009 22:50:52 +0000

Thanks for the excerllent interview.

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

Larry

By: Ellen Brown

Ellen Brown — Sun, 08 Nov 2009 20:10:45 +0000

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.

By: AnnT

AnnT — Sun, 08 Nov 2009 19:35:18 +0000

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.

By: Natural Money

Natural Money — Sun, 08 Nov 2009 07:36:54 +0000

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

By: Aldea Martin

Aldea Martin — Sat, 07 Nov 2009 22:02:36 +0000

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.

By: Stephen Lendman

Stephen Lendman — Sat, 07 Nov 2009 18:32:56 +0000

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.

By: Phillip

Phillip — Sat, 07 Nov 2009 18:29:22 +0000

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/

By: ednank

ednank — Sat, 07 Nov 2009 16:26:00 +0000

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!

By: Travis

Travis — Sat, 07 Nov 2009 16:10:30 +0000

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.

By: Jay D

Jay D — Sat, 07 Nov 2009 14:05:35 +0000

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

By: Bill Still

Bill Still — Sat, 07 Nov 2009 12:58:24 +0000

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.