Ellen Brown on Bail-ins (the Big Disaster Coming), GMO Foods, TPP

[Shami-Amourae]

Ellen Brown, founder of WebofDebt.com, thinks so-called 'bail-ins' are coming. Depositors' money will be legally taken. Brown says, "That's the big disaster that's coming. Probably one of these big derivative banks will go bankrupt . . . the derivative players will get first dibs. They'll grab all the deposits, and there won't be anything left."

http://www.youtube.com/watch?v=Vtv6RBo3Pzo

[mamboni]

Her thinking seems confused and chaotic. She says the dollar losing reserve status is no big deal (really?) and compares it to the Swiss Franc. This is a stupid comparison. Then she says the FED can buy all the US Treasuries, no big deal, and the big banks go bankrupt because the dollar is replaced by public currencies. Well and good. But to say this is no big deal, implying it will be a smooth transation, is akin to saying that a Richter 9 earthquake could flatten Los Angeles but the earth will still be rotating after the event: she seems obtuse and far removed, as in drugged up on prescription fluorides.

[Ponce]

From banks they will move to your house......if you own it you will then not own it.....I am talking about food, guns, tools and anything else that they like.

V

[Hatha Sunahara]

She has that same kind of cheerfully detached reaction to the absurdities that are foisted on us that Paul Craig Roberts has. Presents the absurd ideas of TPTB, and acts as a cheerleader in laughing about it. That was clear when she mentioned the 2 billion rounds of ammunition purchased by DHS.

I'm waiting to hear from Horn about the public banks in Costa Rica.


Hatha

[mamboni]

She has that same kind of cheerfully detached reaction to the absurdities that are foisted on us that Paul Craig Roberts has. Presents the absurd ideas of TPTB, and acts as a cheerleader in laughing about it. That was clear when she mentioned the 2 billion rounds of ammunition purchased by DHS.

I'm waiting to hear from Horn about the public banks in Costa Rica.


Hatha

Yeah, don't you know that it's not suave and sophisticated and oh so pedestrian to get viscerally angry when someone is robbing you blind and destroying your future. /sarc


She's a country club Stepford wife.

[mick silver]

The charming and erudite Ellen Brown (http://www.thedailybell.com/definitions/params/id/2160/) – a chief proponent of government monopoly money – has even set up her own non-profit to promote Greenbackerism. She also hopes to create an affiliation with the apparently Soros-controlledOccupy Wall Street (http://www.thedailybell.com/definitions/params/id/3048/) movement. ,,,, Who is she: Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her international best-seller, she turns those skills to an analysis of the Federal Reserve (http://www.thedailybell.com/definitions/params/id/1855/) and "the money trust." Brown shows how this private cartel has usurped the power to create money from the people themselves, and how "we the people" can get it back. Brown developed an interest in the developing world and its problems – monetary and otherwise – while living abroad for 11 years in Kenya, Honduras, Guatemala and Nicaragua.Brown returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who had been targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown's eleven books include the bestselling Nature's Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.
Background: Ellen Brown has called herself a writer in search of a good subject. Her first degree was in English Literature from Berkeley, but she went back to law school (UCLA) in her late twenties and married another law student. She practiced civil litigation for 10 years in L.A. and has two children.
It was her husband (now ex-husband) who intially led the family out of the US when he signed up as a lawyer for USAID and took the family abroad for 11 years – to Kenya, Honduras, Guatemala and Nicaragua. During this period, Ellen Brown began writing again and wrote ten books on health and the politics of health, including one coauthored bestseller that sold 285,000 copies called Nature's Pharmacy.
After publishing these health books, Brown decided to take on economics. Brown was inspired by Ed Griffin (http://www.thedailybell.com/definitions/params/id/2101/)'s World Without Cancer, which linked the pharmaceutical cartel to the banking cartel, which actually got its power through the private creation of money. Brown also discovered that The Wizard of Oz was written as a monetary allegory, growing out of the populist money reform movement of the 1890s and this, she has stated, gave her the "plot line" to make a dry subject interesting.
Brown reports she spent six years exploring the issues and then, after two Bear Stearns hedge funds collapsed in June 2007, Brown decided it was time to stop writing and start publishing. Web of Debt was rushed into print, self-published via print-on-demand publisher Lightning Source and has been selling steadily through numerous editions and revisions ever since.
Ellen Brown explains the thesis of the book is that the power to create money has been usurped by a private international banking cartel, which issues money as debt and lends it back to us at interest. The cartel makes it appear that governments are creating money, and governments get blamed when things go wrong; but they are actually just pawns of the cartel.
According to Ellen Brown, "We the people can get back our government and our republic only by reclaiming the power to create our own money. We can use the same credit system that private banks use, but administered as a public utility, monitored and overseen by public servants on the model of libraries and courts. To be a sustainable system, profits need to be returned to the community rather than siphoned off into private coffers."
In simplest terms Ellen Brown wants the government to print money rather than a quasi-private entity (the Federal Reserve). But this doesn't make any difference, as hard-money economist Gary North has pointed out. The problem remains the same; how much money is too much?
Only the private economy can figure out the amount of money that is necessary to circulate via gold and silver (http://www.thedailybell.com/definitions/params/id/804/) and its surrogates. When there is too much gold and silver, production shuts down and hoarding begins. When there is too little, mines open back up, etc. Price drives the production of money.
Ellen Brown, by divorcing price from money, is retaining the same problem that central banks (http://www.thedailybell.com/definitions/params/id/2958/) face. No one can tell how much money is too much – and almost always those who have the power of the printing press print more than is needed.
It is an alluring theory – that people ought to control the printing of money. But the printing of money divorced from an underlying asset within a monopoly proposition like a central bank is nothing but an invitation to ruin. Ellen Brown's ideas – and they are shared by others and have made substantial progress – are tempting. Like a poison fruit they must be set aside. There is no money but market money. Partake of any other and disasters will eventually occur.