What Wall Street Doesn’t Want You To Know
Ellen Brown’s New Book Offers Another Alternative to the Big Banks
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.
Although this site supports credit unions, we also recognize that Ellen Brown’s plan to put in State-Owned Public Banks would be another way to short-circuit the Bankster outlaws at the Federal Reserve, which is the private institution that is owned by the international banking cartel. The Federal Reserve is currently destroying the economy of the United States by printing Trillions of dollars of worthless paper. The only thing that kept some confidence in the dollar was that it was a petrodollar, and dollars were the only currency allowed in oil transactions. Now however, other countries, like Iran,Venezuela, and China are accepting other currencies for oil, rendering an end to our dominance of the world, and beginning a currency collapse.
Click Here to go to Ellen Brown’s website to order this eye-opening book.