It´s Our Money with Ellen Brown “It’s Our Money with Ellen Brown” provides a unique view behind the curtain of global finance and the monetary system by one of the top experts in the field.

May 21, 2020  

Covid Coverups

 

The axiom “never waste a good crisis” has been a reliable tool for Wall Street interests over decades. Under cover of various national economic phenomena, Wall Street interests via the Federal Reserve have managed to direct trillions of dollars into their own accounts. Ellen describes how the new Fed funding channels intended to relieve the financial stress of citizens are being used to save the investor class under the guise of helping Main Street America. We get a front-line report of how that isn’t working at the street level from Carlos Marroquin, who has been serving the immediate needs of people in Los Angeles left out of the Fed-funding circle.  And we talk with Ameya Pawar, a former Chicago elected official who is now helping lead the Economic Security Project on how this crisis can lead to new economic systems that bring forward a new era of sufficiency and well-being – and how public banks can help make that difference.   

April 30, 2020  

Time to Think Hard About Local Community Investment

 

Amid the devastating economic impacts of Corvid-19, Ellen discusses her observations of an evident “War on the States” in which states find themselves fighting for parity in Fed funding for virus recovery. With this forced-refocusing on local financial resources, individuals and communities must reconsider where they’ve been investing their money. Global financial markets have dominated and distorted our systems of economic investment and have done very little for the important concerns of community vitality and public interest, namely local businesses. But security laws have begun to slowly open new opportunities for local investments and our guest, noted author, economist and leading protagonist of crowd-funding Michael Shuman, argues that local investment is key to generating lasting health in local economies, and public banking plays an important role in bringing it forward.

April 16, 2020  

Will the Fed Help Rescue Main Street? 

While that notion sounds improbable to most economic observers, recent actions by the Federal Reserve have opened the door for critical direct lending to states and large municipalities. This is a big deal because not having to rely on the Wall Street bond market could both increase the amount of funding available  and decrease the cost of that borrowing. It is an historic breakthrough that could make a critical difference as costs rise for local governments while their revenues drop precipitously due to the current economic collapse. Further, if this lending relationship continues, new prospects open for creating a distributed network of public banks that hold a permanent relationship with the Fed.

Cheers!

April 7, 2020  

Building a Real-World Economy

 

How would it be if we changed our economic priorities to the concerns of the real world rather than the giddy greed of fantasy finance?  Renowned futurist and founder of Ethical Markets, Hazel Henderson, discusses a whole new category of thoughtful, real-world economic study that integrates multiple dimensions of life such as the environment, quality of life, politics, social impact.  And speaking of impacts, the Covid-19 pandemic has transformed the nation’s financial centers and the Federal Reserve – Ellen discusses these impacts on our understanding of funding limitations; we may have blown right through them!

March 12, 2020  

Grassroots Government Must Lead

 

Government “of, by and for the people” is a precept adopted by citizens and politicians alike even though it may just be wishful thinking in terms of public policy. As the political money power of corporations continues to roll over public interest policies and practices, significant new public remonstrance is growing on many fronts. One of them is West Virginia, home to generations of exploitation by out-of-state monopoly powers, where one of the most exciting grassroots uprisings in the nation has deployed a powerful campaign for creating transformational public policy through democratic action. Its economic platform proposes a new public state bank. We talk with the champion of this campaign who is running for governor, Steve Smith, who currently leads in the polls.  And we visit with another populist leader, WA State Senator Bob Hasegawa, that State’s most stalwart proponent of a state bank; he considers it essential for the State’s economy and future. Now it looks like he’s going to find success in his 10-year pursuit after all.

February 6, 2020  

Neoliberalism’s Death Knell?

 

The global economic devastation produced by market-driven profiteering has resulted in distressed and deprived citizens taking to the streets by the hundreds of thousands in cities around the globe and continues its destructive exploitation of our planet’s resources. The culprit is an aging “neo-liberal” economic system which produces historic social inequality while consolidating power in the hands of a few. Our guest, renowned economist Michael Hudson, says this system is more neo-feudal than neo-liberal – and that its inherent excesses are on the verge of bringing it down. Ellen reports that one example of its demise may be in Mexico where its new president is creating new public banks to help address some of its neo-liberal market inequities.

 

January 23, 2020  

Two recent developments provide another look at how powerful monetary interests play their game. One is the CIA-driven coup to unseat Venezuela’s legitimate government in order to take control of that rich nation’s assets, and the other is a “Laundromat”-styled offshore scam by Goldman Sachs and JP Morgan Chase to capture energy markets.  Our guests are attorney-activist Kevin Zeese of Popular Resistance, who is facing threat of jail time for actions defending the Venezuelan Embassy in Washington, and Tyson Slocum of Public Citizen, whose recent research exposed 61 fake off-shore companies set-up by Goldman Sachs to circumvent regulators.

January 9, 2020  

“Divide and Conquer” is a proven method for creating chaos that can diffuse and distract opponents.  Today’s guest, Dr. Paul Craig Roberts, a former Assistant Secretary of the Treasury and renowned global commentator, says that’s how the globe’s financial elite diffuse public challenges to the raw economic deal that citizens around the world contend with.  But things are changing, and people are beginning to band together to challenge the unified media narrative that props up big business and government deceptions. Our other guest, Swami Beyondanonda, offers encouragement to those creating new possibilities for our world, including through new public banks.

December 18, 2019  

2019 was the Centennial celebration of America’s only publicly-owned State Bank, the Bank of North Dakota -- a living legacy that has helped sustain that state through thick and thin.  It’s also the year that new public banks gained important ground from state governments and governors in two key states, New Jersey and California. It’s also the year that one of the Fed’s best-known leaders passed away, Paul Volker, whose administration is credited with helping solve an inflation crisis in the 1970’s, a factoid that Ellen doubts to be true. We celebrate the North Dakota history with a leisurely conversation with its Centennial historian, Mike Jacobs, whose deep knowledge of the Bank’s history provides instructive context for new public bank initiatives. 

December 5, 2019  

It turns out that laws of nature are foundational to sustainable economies. The human overlay of extractive and exploitative industries and systems ultimately leads to a demise of life systems for people and the planet, yet we celebrate “free” markets that are driven by much different principles.  Ellen reports on her discussions with bio-nutritionists about how returning to principles of natural pasturing present the best way for us to correct global warming, and Walt talks with Professor Ed Quevedo about regenerative economies that mirror biological systems of collaboration and mutual support.  

- Older Posts »