WHAT WALL STREET DOESN’T WANT YOU TO KNOW
Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people. Order here.
EXCERPTS
Read the Table of Contents for a preview of what is inside —
Foreword by Hazel Henderson
Chapter 1: From Bail-Outs to Bail-Ins: A Banking Dinosaur On Life Support
Chapter 14: The Reconstruction Finance Corporation: The Little-Known Public Financial Institution That Reversed the Depression and Funded World War II
Chapter 25: Latin America: Breaking the Taboos of the Neoliberal Agenda
Chapter 36: Toward A New Theory of Money And Credit
Reviews
Ellen Brown has written what will become one of THE most important books of our time. She eloquently educates us on how the democratization of money is the very foundation of a free society. Ellen brilliantly shows how money can be the current or currency that facilitates the spiritual experience of manifesting our collective intentions for a better world. Her book is an absolute game-changer and a must read for all those interested in having a world that works for everyone. Buy it, read it, and tell everyone you know to do the same.
— Lynne Twist, author of The Soul of Money and Co-Founder of the Pachamama Alliance
This is a must read! Ellen Brown is the leader of the public banking movement and this masterful work is certain to become the go-to book for anyone interested in transcending the speculation-driven global financial system—and helping lay sound foundations for the fast-emerging New Economy.
– Gar Alperovitz, author of What Then Must We Do?, Lionel R. Bauman Professor of Political Economy at the University of Maryland and CoFounder of the Democracy Collaborative
Brown has done it again. The Public Bank Solution follows her Web of Debt, a brilliant analysis of privatized banking, how it has usurped the money creation power, and how we can get it back. Public banking is the antidote to corrupted, dysfunctional privatized banking, the way forward for sustainable long-term growth and prosperity. The Public Bank Solution explains an idea whose time has come.
– Stephen Lendman, talk show host, author, How Wall Street Fleeces America
WEB OF DEBT BLOG 
[…] solution to the world’s problems would be public banking. In the United States it could replace the privately-controlled, central banking system of the […]
Yes! The People’s Global Resource Bank (GRB) Network Eco cryptocurrency monetizes natural resources to end poverty and pollution. Because the US$ fails to satisfy human needs, people replace it with the abundant free flowing win-win GRB Eco digital currency.
John Pozzi @ http://grb.net
How does this correct the foundational inequity?
How can cryptocurrency ever be an ethical my created, fixed cost, fixed value, globally fungible trade medium?
https://link.medium.com/qozun7LaRtb (5min)
[…] solution to the world’s problems would be public banking. In the United States it could replace the privately-controlled, central banking system of the […]
[…] the power to create money from the people themselves and how we the people can get it back. In The Public Bank Solution (2013) she traces the evolution of two banking models that have competed historically, public […]
[…] Institute, and author of twelve books including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 300+ blog articles are […]
[…] Brown, author of Web of Debt and The Public Bank Solution, discusses her new article Exposing the Libya Agenda: A Closer Look at Hillary’s […]
[…] Articles and podcast by Ellen Brown […]
“Money is created when banks make loans” Not a well educated individual but I know one thing! My signature on a promissory note is what got the process started. Let’s just say I’m the true creditor: natural vs legal person, I give value (my labor) and what do I get for consideration? Nothing! But the banks claim they loaned you money. Really? Prove it! Anyone who knows anything about how the wicked banking system operates knows that banks are not allowed to lend their own money for if they did they would be breaking the GAAP law. In a nutshell they deposit your note (negotiable instrument) into a created account with your name and return a negotiable instrument to you in return and call it a loan. But where’s my promissory note that you owe me for? It’s the loan they will say! What did you loan me? Where did you get the money to loan me? I know you can’t loan banks money. What they do is steal your promissory note (your not supposed to know this) now they can create new money off of your signature (that’s why I’m the creditor) up to 9 or 10 times the amount of the proposed loan (counterfeiting your signature) withholding a certain amount in reserves (banks vault or the Federal Reserve the bank is connected to) so if you are not going to return the value of my note then you stole it. Here’s my remedy: UCC 3-305. “Defenses and Claims in Recoupment”. Now you pay me the value of my promissory note plus interest plus you are committing “fraud in the factum”.
Bank of England issued a memo acknowledging the fact that nearly all money is created when banks make loans.
Central Bank acknowledges the creation of money and the debt created by deposit banks when they create money with fractional reserve.
Central Bank is functionally selling options to purchase human labor as State currency, collecting and keeping our rightful option fees as interest on money creation loans.
The friends of Central Bankers buy sovereign debt for a profit and have State force humanity to make the payments on that money for Wealth with our taxes in debt service. It’s clear from WEF estimate of $255 trillion in existence with over $200 trillion in bond markets. Central Bankers have loaned $255 trillion into existence to their friends who now own over $200 trillion in global sovereign debt and are having States force humanity to make the payments on all money for Wealth with our taxes in debt service, along with a bonus to finance human activity at their whim.
Money’s an option to purchase human labor & we don’t get paid our option fees.
See?
Global human labor futures market is disguised as monetary system so no one demands our rightful option fees for participating.
Please consider the inevitable and most likely effects of adopting a rule of inclusion for international banking regulation that achieves stated goals, and no one has suggested logical or moral argument against adopting?
‘All sovereign debt, money creation, shall be financed with equal quantum Shares of global fiat credit, held in trust with local deposit banks, administered by local fiduciaries and actuaries exclusively for secure sovereign investment at a fixed and sustainable rate, that may be claimed by each adult human being on the planet as part of an actual local social contract.’
A fixed value Share establishes a fixed per Capita maximum potential global money supply for stability and infinite scalability. A value of $1,000,000 USD equivalent is conservative valuation of average individual lifetime economic production, a reasonable, sufficient capitalization of the global human labor futures market. Further fixing the sovereign rate at 1.25% per annum establishes a stable, sustainable, regenerative, inclusive, abundant and ethical global economic system with mathematical certainty.
All money will then have the precise convenience value of using 1.25% per annum options to purchase human labor instead of barter, mathematically distinct from money created at any other rate. The value of a self referential mathematical function can’t be affected by fluctuations in the cost or valuation of any other thing. We’ll know regardless what currency is in hand, it was created for secure investment and someone somewhere is paying 1.25% per annum on it we each share equally.
For a significantly reduced and fixed global cost paid to humanity, we get an otherwise cost free global basic income without new infrastructure or administration, and ideal money; a fixed unit of cost for planning, stable store of value for saving, with voluntary global acceptance for maximum utility, and nothing else.
Economics acquires a fixed unit of measure and may begin making scientific observations. Money loses its coercive property. When existing global sovereign debt is repaid with new fixed value money, Wealth will have about $300 trillion according to WEF, to save or reinvest in something else, with over $6 quadrillion of 1.25% per annum credit readily available locally, globally, for secure investment with local fiduciary oversight. All human needs can be sustainably financed locally, globally, without any of Wealth’s accumulation.
And we each get paid…
[…] her 2013 book The Public Bank Solution, she traces the evolution of two banking models that have historically competed—public and […]
[…] has written twelve books, including the Web of Debt and The Public Bank Solution, in which she traces the evolution of the private banking system, showing how it usurped the power to create […]
Dear Ellen,
Thank you for writing The Web of Debt. What an opus magnus that is! After reading The Creature from Jekyll Island I was already aware of how criminal the “money” system is, but your book gave so much more insights and details.
A comment: in the final few chapters you repeatedly mentioned sustainable development/energy. Please don’t fall for that hoax. Look for example at https://www.technocracy.news/, or read the site’s author’s book: Technocracy, the Hard Road to World Order. It details how the agenda of sustainable development is used as a mask for what’s behind it: eugenics-driven totalitarian control through technocracy.
Another fascinating book on the “green” energy hoax is The Great Oil Conspiracy, by Jerome Corsi.
Kind regards,
Leo
Hi,
Assuming that isn’t in concert…
Want to know the ethical administrative correction? No one will talk about it.
Fiat money is an option to purchase human labors & property. Nothing else to do with it, trade with other humans for their stuff conveniently without arranging a barter exchange. We don’t get paid our option fees.
International banking system is transformed into an ethical global human labor futures market with a rule of inclusion for international banking regulation that achieves stated goals and no one has suggested logical or moral argument against adopting:
‘All sovereign debt, money creation, shall be financed with equal quantum Shares of global fiat credit, held in trust with local deposit banks, administered by local fiduciaries and actuaries exclusively for secure sovereign investment at a fixed and sustainable rate, that may be claimed by each adult human being on the planet as part of an actual local social contract.’
A fixed value Share establishes a fixed per Capita maximum potential global money supply for stability and infinite scalability. A value of €1,000,000 equivalent is conservative valuation of average individual lifetime economic production, a reasonable, sufficient, capitalization of the global human labor futures market. Further fixing the sovereign rate at 1,25% per annum establishes a stable, sustainable, regenerative, inclusive, abundant, and ethical global economic system with mathematical certainty.
All money will then have the precise convenience value of using 1,25% per annum options to purchase human labor instead of barter, mathematically distinct from money created at any other rate. The value of a self referential mathematical function can’t be affected by fluctuations in the cost or valuation of any other thing. We’ll know regardless what currency is in hand, it was created for secure investment and someone somewhere is paying 1,25% per annum on it we each share equally.
For a significantly reduced and fixed global cost paid to humanity, we get an otherwise cost free global basic income without new infrastructure or administration, and ideal money; a fixed unit of cost for planning, stable store of value for saving, with voluntary global acceptance for maximum utility, and nothing else.
Economics acquires a fixed unit of measure and may begin making scientific observations. Money loses its coercive property.
When the $300 trillion in global sovereign debt estimated by WEF is repaid with new fixed value money, Wealth will have that to save or reinvest in something else, with over €6 quadrillion of 1,25% per annum credit readily available locally, globally, for secure investment with local fiduciary oversight. All human needs can be sustainably financed locally, globally, without any of Wealth’s accumulation. Including climate change mitigation.
[…] The power and wealth-building capacity for families and local communities of alternative currencies independent from the banking system. Ellen Brown’s ‘Public Bank Solution’ […]
Web of Debt could have been a complex work. Instead Ellen Brown masterfully describes complex issues in easy to understand layman’s terms. Of all the chapters, I found only one that a bit “over my head”. I highly recommend this book and would like to see it required reading for high schoolers.
Have an economy without the use of money.
[…] and a dozen books, including the 2007 best-seller Web Of Debt and its 2013 sequel The Public Bank Solution, Ellen Brown lives in Los […]
[…] and a dozen books, including the 2007 best-seller Web Of Debt and its 2013 sequel The Public Bank Solution, Ellen Brown lives in Los […]