Pssst! Ellen Brown Told A Big Secret.


Posted April 27, 2014

by Jerry Alatalo

“Gold and riches, the chief causes of war. We are corrupted by prosperity. There will be vices as long as there are men.”

– Cornelius Tacitus (55-117 A.D.) Roman historian

Founder and president of The Public Banking Institute Ellen Brown is one of the group of men and women on Earth whose chances of appearing on mainstream American television are very, very poor. That’s because she’s no darn good at keeping the biggest Wall Street secrets – you know, the secrets of the “Big Club” that comedian George Carlin talked about toward the end of his life that “we ain’t in.”

Ms. Brown has spilled a lot of beans in her years of researching and writing about monetary reform and public banking’s obvious advantages for citizens, however the size of the bean cans seem to become bigger and more ominous as time goes on. Her revelatory writings and talks about Wall Street financial corporations’ “products of mass profit-making deception” recently make Bernie Madoff’s Ponzi scheme fraud look like Little Johnny stealing a 1-cent Bazooka bubble gum from the low racks at the checkout counter.

For Ellen Brown is telling the world about world record-breaking financial fraud.

Apparently, those families who have made their business banking through the decades have done their homework when it comes to coming up with ingeniously deceptive ways to separate the people from their money, and those deceptive means are devised by the world’s highest paid accountants and attorneys. These are the same highest-priced accountants and attorneys who – after the money becomes transferred from the people to the major stockholders of financial corporations – engineer those ill-gotten profits to disappear in offshore tax havens, out of the line of sight of “pesky” government taxing bodies.

The thought came to mind that Ms. Brown’s next book after “The Public Banking Solution” would perhaps catch some more publicity if the title were “SCAM” or “BIG SCAM” or “Really, Really, Really – REALLY BIG SCAM”, sort of like the title of her friend Professor Bill Black’s book “The Best Way to Rob a Bank is to Own One.” What seems apparent is that financial engineers have created in interest rate swaps is a sure-fire, impossible to lose, rigged bet with public governmental bodies, universities, pension funds, etc., all 100% guaranteed to succeed for the banksters through pre-arranged manipulation of interest rates like Libor and – Ms. Brown’s strongest allegation of financial fraud to date – Federal Reserve top management’s “enabling” through the power they hold to set their interest rates.

Simply, the world’s sixteen largest mega-banks have colluded to rig the LIBOR interest rates to correspond with emerging on the winning side of interest rate swap contracts entered into with city, county, state financial sectors, pension funds, and any other customers small to very large who can become trapped into the scam, with built-in very expensive penalties and fees to renegotiate any contract, designed to result in multi-billions of dollars essentially going from customer pockets to bank owners’ pockets.

Wall Street bank owners face an unavoidable “tsunami of blowback”

Public banking, due to recent years’ economic downturn and widespread research into Wall Street/Federal Reserve/private central banking truths, has become a topic of discussion in more American households and workplaces, as well as the homes and offices of nations around the world. Ellen Brown’s most recent disclosures on fraudulent actions by the world’s largest banking corporations will only fuel more intensity into those discussions, leading to a long-overdue push-back from the many victims of those frauds.

Because most people on Earth have no issue with fair dealing and an honest handshake in business transactions, but become very, very upset when the man or woman who smiles while looking you directly in the eye after signing the deal has been identified as crooked. This – as they say –  “ain’t gonna fly.”

Most people share the habit of reading comments on the internet, where men and women help round out the issues covered in articles and interviews. They’re like book or movie reviews from people concerned enough about the content to express their either constructive criticism or agreement. Here are a few of the comments from viewers of Ellen Brown’s interview by Greg Hunter:

“Good interview. I do not understand interest rate swaps per se. But I can see that they are a fraud, a scam by the banks to take money from the people via colleges and hospitals. Very sad indeed. There are no morals within the bankers’ souls.”

“I think you have to be a criminal to be able to understand interest rate swaps or quantitative easing or derivatives…”

“Ellen has a great idea there, this will cause an avalanche of claims and bring to mainstream attention.”

“Greg, well done yet again. Ellen Brown is an incredibly well-informed lady.”

“The government won’t prosecute because they want a cut of the action. Bank fines are nothing more than a mafia-style shakedown. Pay the fine and we will look the other way. Shame, shame.”

“Wake up. Stand up. Speak up. None of this corruption would be taking place if we weren’t allowing it. I’ve said it before… sociopaths.”

“This Ellen Brown lady has balls!!! More than most men. Please listen to what she has to say!”

“So how does this, the greatest crime in the history of the human race, end? I can’t imagine these criminals are going to get out alive.”

“Those who run the Fed are the same individuals who have produced the most destruction and bloodshed around the world. They are directly responsible for initiating and funding many, many wars for hundreds of years. It’s as though they hold a special book of matches, which ignites the fire that becomes the war. They fully believe the people will be too busy killing one another to notice who is the true enemy. These criminals won’t only get out alive, they will have us protect them with our own lives.”

“Exactly, who goes after the moneychangers after they’ve indirectly created war and famine? It’s likely not just the Fed driving these forces, but the major stockholders in the international banks and military contractors. This likely includes the Vatican, royal families around the world, various sovereign funds, the Rockefellers, and probably a number of old-money families around the world we hardly hear of. These people could all put a stop to it all if they really wanted to, instead they are complicit.”

“I liked this one a lot. She was articulate and rational.”

“Great show Greg. Ellen Brown is about the best in grassroots analysis of bankster reality.”

“…and it’s all legal…”

“Thanks, Greg, great interview. Not sure the courts are going to help. Keep up the good work. People I know are starting to wake up and ask questions.”

“SIFMA – Securities Industry and Financial Markets Association. News I can use.”

“Could have put $100,000 in the hands of each American. Mortgages would have been paid and the banks would have ended up with the money anyway, but the economy would have been free of one hell of a lotta debt. Need to start thinking trickle up, not down.”

“I come to depend on your honest news this (these) days Greg, so thanks again. You don’t compromise on your integrity and you report on your censer (sincere) beliefs. Cheap (keep) up the excellent work Mr. Hunter, we ned (need) brave and honest people like you.”

“If the people who run those banks engage in activities that put the entire economy at risk, wouldn’t they be considered enemies of the state? Isn’t this a form of economic terrorism or sabotage?”

“Nice interview Greg. You nailed it. Rant on.”


(Thank you to Greg Hunter at YouTube)

Banking Money Or Sovereign Money? That Really Is The Question.

Posted April 8, 2014

by Jerry Alatalo

“The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining… and unless you become more watchful in your states and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away, and the control of your dearest interests have been passed into the hands of these corporations.”

– Andrew Jackson (1768-1845) 7th President of the United States

Farewell Address, March 4, 1837

mountain2Michael Kumhof is deputy division chief of the modeling division at the International Monetary Fund (IMF). In the following lecture at the London School of Economics, he makes the case for a new monetary system on Earth. For readers, it is helpful to know that Mr. Kumhof is not expressing any official view of the IMF but that his lecture is a result of independent research. For men and women who have spent time on monetary reform, his lecture – especially because he comes from the IMF and traditional monetary environments –  comes across as nourishment to famished souls who, in some instances, have advocated the same ideas for decades.

It is especially encouraging for monetary reformists because it signals movement toward banking/money reforms that will benefit societies/nations greatly. For those readers who haven’t had the time to research into monetary issues, don’t allow your first perceptions that economic theories are very complex and difficult to understand fool you. What Mr. Kumhof talks about here is actually simple. He is advocating monetary reform that takes money creation away from private commercial banks and placing it in government.

Fractional reserve banking is now the system.

A quick look into fractional reserve tells us that banks need to keep approximately 10% of their total loans in reserve. An individual example would be: “Local Bank” takes in $10,000 on deposit from Ms. Johnson and it goes into her savings account. With a 10% reserve requirement, the loan officers at the “Local Bank” can lend an additional $90,000 to customers. Ms. Johnson’s $10,000 = 10% reserve, $90,000 in loans = 90%, 10%+90%=100% limit of fractional reserve rules, and $90,000 has been “created” and added to the money supply. If you owned the bank and your customer deposited $20,000 in a savings account, you could then loan (“create”) $180,000 to other customers.

If “Local Bank” has a grand total of $30 million in deposits it could then, according to current fractional reserve rules, write loans for $270 million to other customers. The problem with fractional reserve banking is that not so straight and narrow bankers will go far beyond the limits and rules, throwing economies of nations – now, planets – into the bust part of “boom and bust”. This returns us to Mr. Kumhof and his suggestion for 100% reserve requirements at banks, and an end to fractional reserve lending.

The 90% that banks loan out to customers is how money gets created at present, and represents 97-99% of the entire money supply in circulation. The other 1-3% is coins created by, in America, the government. The 97-99% is “banking money” and the coins/1-3% is “sovereign money”. What Mr. Kumhof is advocating is 100% “sovereign money” created and controlled by the government. If, and when, such a monetary reform occurs, banks would become intermediaries of sovereign money instead of creators of banking money.

In his lecture, Mr. Kumhof revisits the theories of economics/banking of the 1930’s known as “The Chicago School”. He finds that the level of thought on economics decades ago was greater than here in 2014. After pointing this out he then adds some heavy-duty reinforcement by stating: “and I’m not kidding”. Historic examples of “sovereign money” are found in America’s experience. Many are unaware, because the history books don’t include it, that the War of Independence was fought over “banking money” demands from the British Crown and the colonists’ self-created “sovereign money” system.

The American colonies issued government created money on a state-by-state basis; Benjamin Franklin said in his writings that it was “extremely economically beneficial” and, because the colonists left Europe to escape financial slavery – and knew what would happen if they were to go along with British demands – the decision to fight the British was chosen, leading to independence. Further along in American history, after Abraham Lincoln went to Wall Street bankers for loans to finance the Civil War and he was given a “yes” – at 35% interest – he then huddled with his political colleagues and they printed “Greenbacks” (sovereign money without debt) and successfully financed the war.

Lincoln was killed by an assassin and the “Greenbacks” were removed from circulation, ending sovereign money during that period in America.

President Andrew Jackson was the most ferocious opponent of private Wall Street bankers and took the power to create money away from them, leading to America being debt-free when he served. Although debated, John F. Kennedy wrote Executive Order 11110, and issued some billions of dollars in government currency into the society; many believe JFK’s assassination shortly after those billions went into circulation was the reason he died. Lincoln’s assassination is seen by some as retribution for his decision on the “Greenbacks”. Jackson would have been killed but for his assassin’s weapons’ malfunctioning.

Mr. Kumhof lists several good advantages to sovereign money during this talk. If the Chicago Plan becomes followed through, there would be no government debt (or negative debt), plus a lower level of private debt. It would bring about an enormous, economy-wide debt-to-equity swap. Bank runs would be completely eliminated. Monet would now be completely safe as it no longer depends on what is happening in the private credit market. Money – the lifeblood of the economy – is no longer afflicted by problems in the credit system. Other benefits include lower interest rates, lower tax rates, and lower fraud-monitoring costs.

The instances of boom-and-bust cycles would be greatly reduced, Wall Street financial fraud would be reduced significantly, and money would be directed to the broad, real economy instead of toward “casino finance”. It is instructive to note that before the Federal Reserve Act of 1913, there was no such thing as a World War. The present worldwide economic downturn has shown that too much of a “dynamic” financial system can most certainly cause major problems. Mr. Kumhof suggests that to help the real economy grow needs a “real boring financial system”, which he believes the 1930’s Chicago Plan offers. Although he admits that “getting from here to there” is anything but trivial – a complicated transition – if governments can get there, tremendous benefits will become realized.


For those readers who are new to monetary reform issues, there are a few people and films which will convince you that change is simply needed and – most importantly – changes will bring about better conditions for people. Many men and women, because they are unaware that another, more beneficial financial system is possible, have never questioned finance/banking/money creation as they’ve always felt “this is just how it is, and has always been”.

Find and view “The Secret of Oz” by documentary filmmaker Bill Still. Mr. Still’s latest video reports on his YouTube channel featured clips from the lecture by Mr. Kumhof. The film is an excellent explanation of money-creation and the subject of sovereign money. Bill Still has been talking about sovereign money for decades. Visit the YouTube channel “Bill Still” and/or

Find and listen to any interviews of public banking advocate Ellen Brown – founder of the Public Banking Institute – and/or visit the website Ellen Brown is like Mr. Still in that she has devoted years of research and writing on monetary reform. Visit the YouTube channel “Public Banking Institute TV”.

Find and view the Academy award-winning documentary “Inside Job” by Charles Ferguson, to learn what really happened leading up to the 2007-8 financial crisis.

Watch “All Wars Are Bankers Wars” by radio host Michael Rivero, to learn how private central banking is a big part of issues surrounding war and peace. The film is found on this blog by going to “categories” and scrolling down to documentaries.

To the best of my knowledge these sources – “The Secret of Oz” by Bill Still, Ellen Brown (Ms. Brown’s latest book is “The Public Banking Solution”), “Inside Job” by Charles Ferguson (he has written books available at Amazon as well), and “All Wars Are Bankers Wars” by Michael Rivero – offer the quickest education on money/finance/banking for those men and women interested in gaining a more thorough understanding.

Please suggest or recommend any additional sources of information on this most important global issue in the comments section below. Knowledge is power, and there is a real possibility that men and women from many nations will benefit from knowledge sources you provide here. Thank you very much.

This issue is central to the situation now unfolding in Ukraine.

Monetary reform is one of the most important issues – if not the most important issue – on this Earth in 2014.


(Thank you to London School of Economics and Political Science (LSE) at YouTube)