The Key to the Environmental Crisis Is Beneath Our Feet
By Ellen Brown, Web of Debt
There is a much cheaper and faster way to sequester carbon from the atmosphere that doesn’t rely on these corporate giants to transition us to 100% renewables. Additionally, it can be done while at the same time reducing the chronic diseases that impose an even heavier cost on citizens and governments. Our most powerful partner is nature itself, which over hundreds of millions of years has evolved the most efficient carbon sequestration system on the planet.
Author Ellen Brown Discusses how Public Banking can Create Shared Prosperity
By Robert Raymond, Ellen Brown, Shareable
Public banking is one alternative model, and the grassroots movement that has formed around it intends to radically reimagine the banking system in the United States. Working with legislators across the US, advocates are pushing for the creation of public banks on the municipal, county and state levels.
Monetary Policy Takes Center Stage: MMT, QE or Public Banks?
By Ellen Brown, Web of Debt blog
As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the US and Europe, along with some interesting academic debates about how to fund them.
Fox in the Hen House: Why Interest Rates Are Rising
By Ellen Brown, Web of Debt
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
The Public Bank Option – Safer, Local and Half the Cost
By Ellen Brown, Web of Debt
Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.
How to Fund a Universal Basic Income Without Increasing Taxes or Inflation
By Ellen Brown, Web of Debt
In a stagnant economy, a UBI can create the demand needed to clear the shelves of unsold products and drive new productivity. Robots do not buy food, clothing, or electronic gadgets. Demand must come from consumers, and for that they need money to spend.
What a State-Owned Bank Can Do for New Jersey
By Ellen Brown, Web of Debt
That is one of the major benefits to the state of having its own bank: it can borrow very cheaply in the money markets. It can get the sort of Wall Street perks not otherwise available to governments, businesses, or individuals; and it is backstopped by the Federal Reserve system if it runs short of funds.
Prop. 51 Versus a State-Owned Bank: How California Can Save $10 Billion on a $9 Billion Loan
By Ellen Brown, Web of Debt blog
However, there is a much cheaper way to fund this $9 billion school debt. By borrowing from its own state-chartered, state-owned bank, the state could save over $10 billion – on a $9 billion loan.