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.

September 10, 2020  

The sudden passing of Kevin Zeese has removed from the stage of social, political and economic activism a powerful voice and a tireless worker. Whether leading occupation of the Venezuelan Embassy in Washington, DC in defiance of the government’s intention to bring down their democratically-elected government, leading national efforts against war, helping launch the Occupy movement or a host of other causes, Kevin Zeese made profoundly inspiring and practical contributions to this new era of American democratic action. Zeese was optimistic about the changes brewing over the next few years – we revisit some of his insightful reckonings about this moment in our national history.   

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July 30, 2020  

So says renowned economist Michael Hudson in the concluding part of our recent interview with him.  Hudson makes no bones about the deadly serious game being played by the world’s financial powers and their intention to create a new feudal economic order. Hudson sees the privatization of public assets and institutions, like the Fed’s take-over of the Treasury a hundred years ago, as evidence that our struggle for people-focused public policy is being overwhelmed by debt at the hands of capitalism and greed. But people are rising-up as our guest Rickey Gard Diamond, author of “Screwnomics”, says in her recent article in Ms. Magazine “How Public Banks Make Black Lives Matter”.  She talks with us about women and minorities becoming agents for change in the evolving public discourse about our money.

July 21, 2020  

Killing the Host

Michael Hudson’s landmark 2015 book “Killing the Host” exposed how the empires of finance, insurance and real estate captured the global economy through neo-liberalism and sold us down the road to neo-feudalism. Michael returns to the show to describe why the current global economic demise is the fruit of consummate greed, crony politics and rapacious finance – and what we must do if we are to ever get off this road. On a very positive note that shows that The People aren’t taking all this lying down, Ellen talks with one of the team members behind California’s new infrastructure bank bill, AB 310, which may set a national example for accelerating implementation of new state public banks.

 

July 3, 2020  

Bailing Out Wall Street, Sacrificing Main Street

 

The bank-owned Federal Reserve has been taking unprecedented actions of late propping up capital markets, corporations and banks in response to the economic impact of the Covid pandemic and the covert collapse of the financial system dating back to mid-2019. Among their recovery mechanisms has been the purchase of grouped market assets called Exchange Traded Funds (ETFs) managed under a no-bid contract with BlackRock, the world’s largest asset manager and ETF manager. Ellen discusses Blackrock’s place in the monetary stratosphere, the glaringly obvious conflict of interest and self-dealing in its arrangement with the Fed, and how this backdoor bailout has served Wall Street at the expense of Main Street. Then she talks with ETF scholar and expert Ryan Clements, who takes us on a deep dive into the mechanics of these super-large and unregulated funds, how they exploded on the scene, and what it means for the real economy. Meanwhile, America’s states and cities are struggling to address significant pandemic-driven budget shortfalls, for which the Fed has not been very helpful.  Walt talks with economist Dr. Robert Hockett about how the Fed’s Municipal Liquidity Facility needs to be revised to enable real Main Street financial support.

June 4, 2020  

Rethinking the Fed, Payment Systems and Vaccine Speculation … 

After 100+ years, it’s high time we give serious thought to how well our central bank is meeting its objectives of stabilizing the banking system, ensuring employment levels and keeping a lid on inflation. The report card is not good.  Today’s guest Graham Steele, Director of Stanford’s Corporations and Society Initiative, talks with Ellen about the many ways the Fed has taken on a much more expansive role of salvaging financial markets while avoiding Main Street economic concerns. Dr. Robert Hockett describes his “Inclusive Value Ledger” (IVL) concept that would create a public payment system and give everyone access to a digital wallet.  And Ellen talks about the speculative rush to get a Covid vaccine to market without proper safety precautions.

 

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.

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