Making the World Safe for Banksters: Syria in the Cross-hairs

Guest post by Ellen Brown, http://www.WebofDebt.com.

“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”  —Prof. Caroll Quigley, Georgetown University, Tragedy and Hope (1966)

Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario. 

In an August 2013 article titled “Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street and U.S. Treasury officials to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally. The vehicle to be used was the Financial Services Agreement of the World Trade Organization.

The “end-game” would require not just coercing support among WTO members but taking down those countries refusing to join. Some key countries remained holdouts from the WTO, including Iraq, Libya, Iran and Syria. In these Islamic countries, banks are largely state-owned; and “usury” – charging rent for the “use” of money – is viewed as a sin, if not a crime. That puts them at odds with the Western model of rent extraction by private middlemen. Publicly-owned banks are also a threat to the mushrooming derivatives business, since governments with their own banks don’t need interest rate swaps, credit default swaps, or investment-grade ratings by private rating agencies in order to finance their operations.

Bank deregulation proceeded according to plan, and the government-sanctioned and -nurtured derivatives business mushroomed into a $700-plus trillion pyramid scheme. Highly leveraged,  completely unregulated, and dangerously unsustainable, it collapsed in 2008 when investment bank Lehman Brothers went bankrupt, taking a large segment of the global economy with it. The countries that managed to escape were those sustained by public banking models outside the international banking net.

These countries were not all Islamic. Forty percent of banks globally are publicly-owned. They are largely in the BRIC countries—Brazil, Russia, India and China—which house forty percent of the global population. They also escaped the 2008 credit crisis, but they at least made a show of conforming to Western banking rules. This was not true of the “rogue” Islamic nations, where usury was forbidden by Islamic teaching. To make the world safe for usury, these rogue states had to be silenced by other means. Having failed to succumb to economic coercion, they wound up in the crosshairs of the powerful US military.

Here is some data in support of that thesis.

The End-game Memo

In his August 22nd article, Greg Palast posted a screenshot of a 1997 memo from Timothy Geithner, then Assistant Secretary of International Affairs under Robert Rubin, to Larry Summers, then Deputy Secretary of the Treasury. Geithner referred in the memo to the “end-game of WTO financial services negotiations” and urged Summers to touch base with the CEOs of Goldman Sachs, Merrill Lynch, Bank of America, Citibank, and Chase Manhattan Bank, for whom private phone numbers were provided.

The game then in play was the deregulation of banks so that they could gamble in the lucrative new field of derivatives. To pull this off required, first, the repeal of Glass-Steagall, the 1933 Act that imposed a firewall between investment banking and depository banking in order to protect depositors’ funds from bank gambling. But the plan required more than just deregulating US banks. Banking controls had to be eliminated globally so that money would not flee to nations with safer banking laws. The “endgame” was to achieve this global deregulation through an obscure addendum to the international trade agreements policed by the World Trade Organization, called the Financial Services Agreement. Palast wrote:

Until the bankers began their play, the WTO agreements dealt simply with trade in goods–that is, my cars for your bananas.  The new rules ginned-up by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders.  The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products.”

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organization.

WTO members were induced to sign the agreement by threatening their access to global markets if they refused; and they all did sign, except Brazil. Brazil was then threatened with an embargo; but its resistance paid off, since it alone among Western nations survived and thrived during the 2007-2009 crisis. As for the others:

The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade.  Among the notorious transactions legalized: Goldman Sachs (where Treasury Secretary Rubin had been Co-Chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation.  Ecuador, its own banking sector de-regulated and demolished, exploded into riots.  Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans.  Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim–and the continent is now being sold off in tiny, cheap pieces to Germany.

The Holdouts

That was the fate of countries in the WTO, but Palast did not discuss those that were not in that organization at all, including Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran. These seven countries were named by U.S. General Wesley Clark (Ret.) in a 2007 “Democracy Now” interview as the new “rogue states” being targeted for take down after September 11, 2001. He said that about 10 days after 9-11, he was told by a general that the decision had been made to go to war with Iraq. Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

What did these countries have in common? Besides being Islamic, they were not members either of the WTO or of the Bank for International Settlements (BIS). That left them outside the long regulatory arm of the central bankers’ central bank in Switzerland. Other countries later identified as “rogue states” that were also not members of the BIS included North Korea, Cuba, and Afghanistan.

The body regulating banks today is called the Financial Stability Board (FSB), and it is housed in the BIS in Switzerland. In 2009, the heads of the G20 nations agreed to be bound by rules imposed by the FSB, ostensibly to prevent another global banking crisis. Its regulations are not merely advisory but are binding, and they can make or break not just banks but whole nations. This was first demonstrated in 1989, when the Basel I Accord raised capital requirements a mere 2%, from 6% to 8%. The result was to force a drastic reduction in lending by major Japanese banks, which were then the world’s largest and most powerful creditors. They were undercapitalized, however, relative to other banks. The Japanese economy sank along with its banks and has yet to fully recover.

Among other game-changing regulations in play under the FSB are Basel III and the new bail-in rules. Basel III is slated to impose crippling capital requirements on public, cooperative and community banks, coercing their sale to large multinational banks.

The “bail-in” template was first tested in Cyprus and follows regulations imposed by the FSB in 2011. Too-big-to-fail banks are required to draft “living wills” setting forth how they will avoid insolvency in the absence of government bailouts. The FSB solution is to “bail in” creditors – including depositors – turning deposits into bank stock, effectively confiscating them.

The Public Bank Alternative

Countries laboring under the yoke of an extractive private banking system are being forced into “structural adjustment” and austerity by their unrepayable debt. But some countries have managed to escape. In the Middle East, these are the targeted “rogue nations.” Their state-owned banks can issue the credit of the state on behalf of the state, leveraging public funds for public use without paying a massive tribute to private middlemen. Generous state funding allows them to provide generously for their people.

Like Libya and Iraq before they were embroiled in war, Syria provides free education at all levels and free medical care. It also provides subsidized housing for everyone (although some of this has been compromised by adoption of an IMF structural adjustment program in 2006 and the presence of about 2 million Iraqi and Palestinian refugees). Iran too provides nearly free higher education and primary health care.

Like Libya and Iraq before takedown, Syria and Iran have state-owned central banks that issue the national currency and are under government control. Whether these countries will succeed in maintaining their financial sovereignty in the face of enormous economic, political and military pressure remains to be seen.

As for Larry Summers, after proceeding through the revolving door to head Citigroup, he became State Senator Barack Obama’s key campaign benefactor. He played a key role in the banking deregulation that brought on the current crisis, causing millions of US citizens to lose their jobs and their homes. Yet Summers is President Obama’s first choice to replace Ben Bernanke as Federal Reserve Chairman. Why? He has proven he can manipulate the system to make the world safe for Wall Street; and in an upside-down world in which bankers rule, that seems to be the name of the game.

________________________

Ellen Brown is an attorney, president of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her websites are http://WebofDebt.com, http://PublicBankSolution.com, and http://PublicBankingInstitute.org.

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  • Tonto

    Finally Ellen Brown has provided readers with something that -at least- has something of a partial ring of truth to it. Before I get to that, let me first reiterate and add to the overwhelming deficits with which Ellen Brown comes to the fore. 1) Ellen Brown is an attorney. She proudly proclaims this fact every time she writes one her articles that intend to make claims about public banking that are far too miraculous to be credible. 2) Ellen Brown is the president of the Public Banking Institute, a group of about four or five fat-assed socialist-leaning wackos that proclaim omniscience, clairvoyance and a benevolence far greater and more pleasing than any god ever invented. 3) The public banking wrecking crew feverishly wants to replace the current money printing criminals with their own money printing, so they can loan it out and devalue everything everyone else in the world worked-for so hard. Fuck the Public Banking Institute. They’re about as trustworthy as Lenin or Trotsky.

    Now, that said, and I will say it again and again in rebuttal to future Ellen Brown articles, Ellen does seemingly fall blindly upon some important facts in this article.

    I will list them here with quotes, and let them go at that with very little and intentionally restrained comment.

    1) -“Larry Summers and the Secret ‘End-game’ Memo,”- (Larry Summers is the end game. Look out.)

    2) -“the Financial Services Agreement of the World Trade Organization” (This is one of the pillars of the NWO, and the New American Century. Look out.)

    3) -“Forty percent of banks globally are publicly-owned.” (It’s not the publicly-owned banks that are sustainable. It’s the cultures that do not allow usury that by this ethic encourage a sustainable economic model. Unfortunately, war is what these cultures are reaping, not sustainability.)

    4) -“Like Libya and Iraq before they were embroiled in war, Syria provides free education at all levels and free medical care.” (Yes, yes… But these countries would have been far better off, and less of an obvious target or marauding bankster nations were these countries not to offer free education and free medical care. That is the sustainable model. Both education and medical care cause explosive change/results in every culture these sinister sciences touch. The net result of education and medical care is negative for every country, regardless its banking system. Ellen Brown is educated, and she a perfect example of the negative attributes of populations that get educated and receive medical care. It’s called, lunacy. Ellen Brown is a nutcase, a fruitcake of the first order. She is the sort of person that desires so strongly to be at the head of some vile, sickening, corrupt government. She wants to run the show for YOU!)

    5) -“Countries laboring under the yoke of an extractive private banking system are being forced into “structural adjustment” and austerity by their unrepayable debt. But some countries have managed to escape. In the Middle East, these are the targeted “rogue nations.”” (Yes, they are rogue nations, but they are being chased by the pirate nations of the world for the potential treasure they represent.)

    6) -“Whether these countries will succeed in maintaining their financial sovereignty in the face of enormous economic, political and military pressure remains to be seen.” (These countries merely have a smaller version of a banking system that lauds over their people. There is no such thing as “sovereignty”. This is the ruse of all ideologues. There are thieves at the top in all systems. Usury is the house game of most “sovereign” nations. But, there are all kinds of sovereignty games that keep the thieves controlling from the top of every system. And this is no less true for any public banking system than it is for the Federal Reserve System that has helped keep America the dominant political force among all the thieving, pirating nations of the world.)

    There is no solution, except to shut them down by concentrating on non-participation. I am 63. I have never had a loan or a credit card in my life. Try it. You’ll like it. It’s the only sure path to financial security.

    Now and finally, whenever some schmuck starts to talk about “public banking””, put on your gas mask, put your fingers in your ears, and walk away. These public banking swine are the same sort of people that are at the top of all these pirating bureaucracies. Just because Ellen Brown brings up a few important facts, that doesn’t make her feet worth kissing. If she shows up at your door someday, my advice, is to slam it in her face.

    • Tobias

      “As commander in chief, I always preserve the right and the responsibility to act on behalf of America’s national security. I do not believe that I was required to take this to Congress, but I did not take this to Congress just because it is an empty exercise.”

      Obama is entirely correct: the War Powers Resolution (50 USC § 1541-1548) grants him the authority to order military action against Syria. Congress and the Supreme Court are irrelevant at this point since the United States of America in legal terms is currently in a State of War, and the Executive branch has extraordinary powers above the other two branches of government.

      • Tonto

        The War Powers Act is in effect an un-passed amendment to the Constitution. If anything more, it is an illegal passing of the buck. The War Powers Act grants the President and any other president no authority he/she didn’t already have under the Constitution. I mean that the President does not have the authority to declare war. He merely has the necessary authority in a state of emergency to respond to acts of war directed against the United States, and nothing more.

        The Constitution is set up so Congress shall be responsible for declaring war, that is, responsible to their individual constituents. In interpreting the Constitution, and the separation of powers, one always needs to look at the Constitution as being constructed to influence its passage. The passage-influence here required Congress to declare war so that unpopular and regional wars were not being declared by an unpopular or regionally elected president.

        Whoever this Tobias character is, he has his head tucked up his ass.

  • Voice of Reason

    Before critiquing both Ellen and Tonto I refer readers to
    the efforts of another humble scholar wannbe to deal with the subject of
    Ellen’s article – http://www.opednews.com/articles/The-Real-Reasons-for-a-Syr-by-Steven-Lesh-Oil_Oil_Syrian-Situation_Syrian-Support-Group-130902-818.html

    “Ellen
    Brown is an attorney”: – this is an ad
    hominim (or ad lawerim if you don’t believe lawyers are people) attack. I believe Tonto’s point is that Ellen
    sometimes seems more interested in making a case than stating the facts. The “miraculous claims” Ellen makes for
    Public Banking have to do with her belief that money in the right hands can
    solve all the world’s problems. If, like
    the ‘banksters’, the people only had the power to create money, they would
    never (like the ‘banksters’) want for anything.
    Nor would they have to pay taxes.

    “socialist-leaning wackos”:
    this, as I recall, is not a kosher style of debate either. Is a person a socialist because (s)he believes that anyone now alive is
    entitled to a decent existence before a privileged few are entitled to squander
    resources that would provide it for thousands if not millions of people? I can’t speak for Ellen but for some of us it
    is a question of the respect for life I hope others will show for me.

    “Fuck the Public Banking Institute. They’re about as
    trustworthy as Lenin or Trotsky.”: Tonto
    is eloquent enough he does not need to resort to this kind of language. It calls into question his stability if not the
    insights elsewhere in his comments. That
    said, he has a point about the (apparent) indiscriminate money creation
    propensities of some public banking proponents.
    The mindset seems to be ‘just create the money and get it out there and
    into the hands of ‘the people’. Never
    mind that under current institutional arrangements almost all of that money
    will flow into the hands of the very same banksters the public bankers profess
    to abhor; or into the pockets of corporate CEOs busy sending jobs and factories
    out of the country as fast as they can so they can cash in on their stock
    options.

    (These people are so short-sighted they are even willing to
    off-shore the manufacture of the implements the “gangsters
    for capitalism” (US military) needs to collect Wall Street’s debts – and
    hence insure all the money they have accumulated will retain its value.)

    enough

    • Tonto

      ” I can’t speak for Ellen but for some of us it is a question of the respect for life I hope others will show for me”

      That is the flaw in your ointment, fly.

      We are at the party that is life. Sure, it is very nice, and very important in a one-off way for each of us. BUT, morally speaking, imperatively speaking, morally, what is important is the future world we will leave for those coming in the future. Concentrating selfishly on the conditions of those alive today with inane concepts like procreative rights, academic freedoms, rights to a certain standard of living, and some inane and entirely undue respect and human dignity is in a round about way literally having a negative effect upon the future.

      You and I cannot vote ourselves a better future, one that we might then bequeath to the future of humanity in the world. Voters vote for handouts for themselves. That handout was given to you in your $600 stimulus check Obama arranged, which was borrowed money. We have to focus strenuously and live life so that we do not deplete and destroy the beauty and wonder, the world condition represented, as we entered into it.

      Ellen Brown’s debt, like all debt today, is theft from the future. Get that through your thick skull. Your humanitarian view about borrowing money to pay for goods and services for the “poor” is a typically greedy and self-centered humanitarian view. You don’t want to squirm while you walk by the poor people of the world. You have never asked yourself, where do these poor people come from? The poor people all come from those immoral idiots like Ellen Brown who would steal from the future to sustain the present.

      That greediness and self-centered-ness is just an ignorant facet of human nature. Human beings are like rabid dogs for the most part, admit it. That is our human nature. When push comes to shove, we won’t -eat the rich-. WE WILL EAT THE POOR! They call them, Muppets, on Wall Street. This is not all about the “me” you reference in the above quote. You are just a Muppet waiting to be eaten. In fact, you and everyone else like you are exceedingly expendable for a cogent, more cogent in fact, moral world view.

      In short, if you’re talking about some abstract minimum level of respect for human life living today, you’re asking for a war upon your brow, or to be served up on the plate of some Wall Street bankster that makes billions off the poor as the borrowed money is being prepared to buy wormy meal for the poor people’s trough. A lot of people living today are so full of gimmie-gimmie-gimmie SHIT, they deserve (and likely will get) nothing less than to be taken out and shot, and everyone here knows it. Why? Because -HONESTLY- only that solution will help preserve the world for the future of humanity.

      Stop deluding yourself with all the altruist bullshit that floats around in so many fraudulent clouds above the heads of so many dimwitted liars like Ellen Brown. If there were only a hundred million people living on the planet, they’d all be inherently richer than Bill Gates. Conversely, every new child today depletes the wealth of everyone else. That is why there are so many poor people in the world that make you squirm as you walk by them.

      Let me tell you something about democracy, and universal suffrage. It’s a vile deception. Consider! If everyone coming in the future had the right to vote, they would out-vote you and your squeamish humanitarian friends every time. They would demand you be slaughtered and frozen to feed them at some time in the future. That is the world we live in thanks to the god-damned immoral humanitarian viewpoint. It’s a dog eat dog world where there are more dogs than can be well-fed thanks to all the economic growth that debt-based economies have given us.

      And your life NOW isn’t worth anything more than a meal for some rich man’s dog, thanks to all the debt in the world. So, what are you leaving for the future? Your old shoes and a few cassette tapes from the mid-seventies?

      That’s what I thought.

      • jadan

        Tonto, who is your Lone Ranger?
        You’re eloquent and vicious when it comes to heaping calumny on the people and things you don’t like, but what do you like? Can it be named? Does it have a flag that others salute?

        • Tonto

          I was just thinking today, would Vladimir Putin make a good American president? I’ll let everyone here decide that question.

          Despite his homophobic leanings, I think Putin would make a very fine U.S. president. I’m not quite so homophobic, having worked as bus boy and a waiter at a Holiday Inn in Boston amongst a majority of queers when I was in school, and my wife and I lived on Beacon Hill. But I still remember as a blond-haired youth being sexually harassed by the queers far too often when I had to hitch-hike somewhere. No one is going to convince me queers don’t need to be watched very carefully in education. I would have -everyone- in education sign a statement that they are not having sexual feelings about any of their students at least once a year. If a teacher or college professor admitted having sexual feelings about their students, they shouldn’t be in education. As U.S. education exists now, it’s a summer camp for queers and pedophiles.

          I think Putin is a step above any recent American president, most of whom have been CIA-chosen figurehead-actors. I loathed Kennedy, and still find the appalling JFK worship sickening. I liked Ike. I was too young to appreciate Truman. I despised LBJ when he was in office. I think LBJ’s War on Poverty was the most misguided crusade in recent times. I have come to appreciate his political prowess though, while reading two of Caro’s works. LBJ and JFK are contrasting examples of why voters cannot vote any solutions into office.

          I do not admire any scientists. I think scientists are all cheap-thrill cowards. I think they also are all immoral bastards for not speaking up about the threat of science. Our academic freedoms are a license to destroy the planet in the hands of scientists.

          If I had to pick a hero, it would have to be Sir Francis Drake. Reading about Drake recently, made me want to be a pirate in the Age of Pirates.

          http://www.goodreads.com/review/show/705852220

          But I’ve grown too old ever to be a pirate now, or so my wife says all too often. But, hey kids, you all still have a chance to be pirates! Anyone who is morally illegitimate deserves to be boarded and stripped of their ill-gotten gains by whatever means is possible. And I cannot think of anything more moral in our society right now.

          Pirates in our sick world are something we definitely need more of. There is rich treasure everywhere, treasure owned by rich, immoral swine. This booty should be pillaged at every opportunity.

          Who’s in for that? Eh, maties? Hip, hip -HOORAY! Let’s all go be pirates!

  • well

    The reality is that banking interests currently have the privilege of printing money in the U.S. and do so at ridiculous terms favorable only to themselves. Before the general collapse of creditworthiness, the banks would print money only as part of a debt contract that paid them interest–which is an impossible contract because there is no longer enough un-debted money out there to actually service the interest payments. Nowadays it seems like the banks are laundering the ~$2 trillion of reserve surplus through overnight swaps and using the proceeds to buy up businesses to manipulate.

    It’s true that moving monetary printing to a governmental body creates a political problem. How do we ensure that political authorities (aka some of the same jerks pushing this new war) don’t simply manipulate the currency through this new authority? And public banking isn’t a perfect long term solution because it still preserves the impossible contract problem, albeit with the possibility of lower interest rates (or, selectively, zero interest rates for certain purposes). A better long term solution is probably something like Kucinich’s NEED act.

    But there are several advantages that make public banking attractive in the near term.
    1) It can be built up as a looser confederation of small institutions that are locally controlled. This should help make capture by existing banking interests more difficult.
    2) It’s not that far from the existing system in terms of operations, so the transition away from private-debt-as-money can be done more smoothly for the entities that would have to change (i.e. retail banks and infrastructure project funding)
    3) We are pretty clearly in a regime where money printing (zero to low-interest loans to the economy, or even just Greenbacks) would have to go very very far before it was inflationary. With the economy as bad as it is, most money that is printed will go towards canceling existing debt rather than inflating prices.

    Anyway, it just seems frustrating to me to attack Brown for her work on this issue. The amazing thing is that many of us, through groups like PBI or from following Ron Paul, have been learning about the ridiculous and pernicious practices of fractional reserve banking. In my view, we need to keep building consensus about fractional reserve banking as the underlying problem, rather than being divisive about what our own proposed solutions are. Any program that reduces the amount of real resources that get siphoned off from regular joes to banksters is going to be good for our economy and our (rapidly fading) democracy.

    • Tonto

      Now here’s a fool with an opinion (like Ron Paul and every other Libertarian big-mouthed ideologue). “well” thinks a better world can be legislated. -The solution is reform!- Sure it is. Teddy Roosevelt was a reformer. Woodrow Wilson a reformer. Barack Obama is a reformer. Remember? HOPE and CHANGE! LoL

      Democracy, like science is supposed to be self-correcting, right? Then how the Hell did we end up here?

      And, how’d that science thing work out, Mr. Fukushima? All the empirical types are delusional whether they are nuclear engineers, public banking economists or Libertarian ideologues looking to reform the world. Nothing is self-correcting in this world. When a fox gets loose in the hen house, you’d better shoot him when you get the chance, because, if you don’t, he’ll be back until there aren’t any chickens left.

      So, I’m sorry, chump. Reform has been tried, exhaustively. The colossally stupendous failure of reform is the idiocy you see built-up all around us.

      Libertarians are so very typically old-school, they should be put into a museum. Ron Paul as a reformer has only acted in effect as an apologist for the current system, which he would lead us all to believe, can be reformed. Ron Paul is wrong. The current system cannot be reformed. The current system can only be starved to death by recognizing all the purported geniuses in the world, for what they really are. They are liars, just better liars.

      The system cannot be reformed. Ignore it. Starve it. Force the system into obscurity. Above all stop buying all that crap, iPhones, McDonald’s Happy meals, dope, and political causes!

      Vote with your non-participation. And keep your eye on the prize, which is the future and nothing else. There is nothing wrong with being a peasant. In fact, being a peasant is likely the most noble and being a peasant is certainly the only sustainable mode of living left on the planet. So, get used to it. Enjoy it. The simple life is the most moral life. Not one of these self-proclaimed banking geniuses or even any Libertarian has a moral bone in their body. They are all merely trying to carve out for themselves, fame or fortune, using some feigned, well-crafted and wholly contrived concern for humanitarian righteousness! God bless ’em.

      And let God sort them out, I believe is the apt expression here.

      • well

        Your response mischaracterizes my view in too many ways to address.

        I’d love to “starve” out the seignorage creditor class. But I figure the path to doing that starts with actually informing other people about the problems. Like Brown was doing in this article. Like Ron Paul and Dennis Kucinich have tried to do. Kudos to them.

  • jadan

    Ellen Brown is helping to awaken us all from the trance state imposed by the 1913 banker’s coup. She is a voice of cool reason who is able to confront the conspiracy that is the private banking system. If she were not trained as a lawyer, she could possibly not do this effectively. If we want a future in this country that is built around the values reflected in the Declaration & Constitution, we will have to reinvent the monetary system as a democratic institution. (And it goes without saying that we shall have to make this unwieldy Republic more democratic at the same time!) The USG has never accepted its fully sovereign status because its people have been trained to believe that government should govern their lives as little as possible. They are taught government is a necessary evil. The people must learn the value of their government to protect them from the global predators who gather at their Temple of Money & Power in Basel, and their agents & acolytes, like Larry Summers and Barrack Obama, in every country. The people have to understand that government is their tool, the only tool they have to to fight the totalitarian influences that thrive at the heart of the private banking system. The vision of government acting in the public interest, which flared like a beacon of hope during the collapse of the private banking system in the 30’s, has to be reignited. Ellen Brown is showing us how to do it. She is one of our most important voices for democracy and the public interest.

  • Ben Franklin

    Great article. Thank you Ellen.