Ellen Brown: Our Fragile Infrastructure: Lessons From Hurricane Helene
Publicly-owned state and federal banks are possibilities for future disasters, but they will be too late for the flood victims of Western North Carolina and Eastern Tennessee.
Ellen Brown: The Florida State Sunshine Bank: How a State-Owned Bank Can Protect Free Speech
The 15-year movement for public banking in the U.S. has gained traction, with Florida's Jimmy Patronis proposing a state-owned bank to protect against debanking and empower local financial control. The…
How Unelected Regulators Unleashed the Derivatives Monster – and How It Might Be Tamed
By Ellen Brown / Original to ScheerPost “It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the…
Ellen Brown: The Supreme Court Takes on the Administrative State
By Ellen Brown / Original to ScheerPost In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling, reclaiming the Court’s role as interpreter of…
Ellen Brown: Why Does the Government Borrow When It Can Print?
By Ellen Brown / Original to ScheerPost In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding…
Ellen Brown on Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?
By Ellen Brown / Original to ScheerPost In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office,…
Ellen Brown on the Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking
By Ellen Brown / Original to ScheerPost In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run…
Ellen Brown: Defusing the Derivatives Time Bomb: Some Proposed Solutions
The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all?
Ellen Brown: Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?
By Ellen Brown / Original to ScheerPost Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft…
Ellen Brown: Three Presidents Who Made Thanksgiving a National Holiday—And What They Were Celebrating
By Ellen Brown / Original to ScheerPost Three U.S. presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3, 1789, George Washington declared the first federal…
Ellen Brown: More Banks to Fail? Not in North Dakota
By Ellen Brown / Original to ScheerPost U.S. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook.…
Ellen Brown: War By Other Means: Short Selling JPMorgan Chase
By Ellen Brown / Original to ScheerPost When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research…
Ellen Brown: The Federal Debt Trap: Issues and Possible Solutions
By Ellen Brown / Original to ScheerPost “Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is…
Ellen Brown: Another Look at the Financial Transactions Tax
By Ellen Brown / Original to ScheerPost A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening…
Ellen Brown: Squeezed by the Shorts: Time to Ban Short Selling?
By Ellen Brown / Original to ScheerPost Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this…