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In this interview from 2012, Robert Stark talks to monetary reformer Ellen Brown. Topics include:
- Ellen’s book, Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
- The Wizard of Oz as a economic and political allegory
- The recent financialization of the US economy
- Why the Gold Standard is a terrible idea
- How the Eurozone crisis originated
- How interest ensures that there is never enough money in circulation to pay off debts
- The history of banking
- The benefits of public banking
- Why public banking on the state level is an end run around Federal corruption
- City and county-level public banking
- The reason for the illegal alien invasion and how the bankers looted Mexico’s banking system
- How Greece could go back to the Drachma, but keep the Euro as a reserve currency
- Hitler’s successful economic reforms
- Healthcare reform
- How to destroy computerized speculation with transaction taxes
- Brazil’s remarkable economic turnaround and the public banking policies that created it
- Cooperative banks, alternative banks, credit unions, and other alternatives to usury as usual
- Community currencies
Ellen Brown is an American lawyer and author who since 2008 has become a well-known monetary reformer, mostly because of her book The Web of Debt . She has also written several books about alternative medicine. She is currently chairman and president of the Public Banking Institute , which is an organization that promotes public banking in the United States and elsewhere.
In The Web of Debt she analyzes the Federal Reserve and the private money cartel. The analysis is peppered with quotes from The Wizard of Oz, which she believes is an allegory about the need for monetary reform. She explains how the monetary cartel usurped the power of the vast majority of the global human population to create money out of thin air by so-called fractional-reserve banking, and also the negative impact this has on the well-being of people. In short, the consequences is that the debt increases in the world and the banks’ power increases. One of the solutions she sees for the US, and also for other countries, is a bank system which is used in North Dakota by the Bank of North Dakota.