Ellen Brown: US economic reform creates full-employment, renewed infrastructure, zero national debt

May 28, 7:45 PM ·
Carl Herman - LA County Nonpartisan Examiner

http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y201...


We hold these Truths to be self-evident...Attorney
and author of the brilliant Web of Debt, Ellen Brown, is

Attorney and author of the brilliant Web of Debt, Ellen Brown, is among the leading US advocates of monetary reform and state-owned banks.
Among Ellen’s
articles
is one worth highlighting for how quickly a national
economy can turn from ruin to astounding productivity: Nazi Germany’s
direct creation of money to pay for public goods and services.

This fundamental shift allows central government to create debt-free money to pay for full-employment and renewed
infrastructure. In addition, if the infrastructure investment causes
greater overall productivity than its cost (historically true), then
society has the included benefit of decreasing prices.
The monetary system we still have today doesn’t create debt-free money; it allows privately-owned
banks to create loans (credit, not money) that along with its interest
cost causes societal ever-increasing and unpayable debt. The US national
debt is ever-increasing; no political “leader” speaks of the obvious
and only solution: stop having and increasing a national debt-supply
rather than a money-supply and create a money-supply to pay the debt
(details here).
As Ellen explains in detail below, Germany suffered from tragic-comic hyperinflation caused by a privately-owned
central bank and short-selling of the nation’s currency, and high
unemployment; three central features of our “modern” economic system
today. As soon as Germany created a form of money in exchange for
productive goods and services, the government could respond to the
market failure of unemployment while addressing the nation’s public
service needs.
Of course, the point of this article is not a history lesson, but an application of history to the US economy of the
present. Full-employment is possible and available now as a policy
response (details here).
The idea of government-created money has been advocated by many of America’s
brightest historical minds
; the absence of its consideration in
“leadership” conversation, I assert, is evidence that the US is under an
Orwellian government that has chosen the economic policies of an
oligarchy rather than the public good. That’s a cognitive dissonance
evoking conclusion, I understand, but the evidence to prove it is
here
if this topic of trillions of our dollars is of sufficient
interest for you.
Ellen Brown and I agree that a powerful entry-point to break open the oligarchy is through state-owned banks.
This allows opportunity for state government (or county, city,
university, etc.) to use existing bank law to create credit at cost. The
only solvent state in the US today, North Dakota, uses this strategy. I
recommend perusing Ellen’s articles to
understand further. Ellen is interviewed in and consulted for the
creation of the outstanding economics film, Zeitgeist Addendum, below.
Here’s her article of how quickly a nation’s economy can become powerfully productive. Of course, economic power is amoral and must be focused with policy for productive
ends.
THINKING OUTSIDE THE BOX:
HOW A BANKRUPT GERMANY SOLVED ITS
INFRASTRUCTURE PROBLEMS
Ellen Brown, August 9th, 2007
http://www.webofdebt.com/articles/bankrupt-germany.php


Views: 54

Comments are closed for this blog post

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis's blog post was featured
15 minutes ago
Doc Vega's 5 blog posts were featured
16 minutes ago
cheeki kea's blog post was featured
16 minutes ago
Less Prone commented on Doc Vega's blog post What Would Have Happened to the US Had Harris Been Elected?
"It's too terrible to even contemplate. Kamala the president of the USA."
17 minutes ago
GeneralCarlosQ17's blog post was featured

Reuters was paid millions of dollars by the US government for “large scale social deception”

Reuters was paid millions of dollars by the US government for “large scale social deception”. That…See More
18 minutes ago
Burbia's blog post was featured
18 minutes ago
Less Prone commented on tjdavis's blog post The Strobe Method
"Sound like another CIA project."
20 minutes ago
Less Prone favorited rlionhearted_3's photo
28 minutes ago
Less Prone commented on rlionhearted_3's photo
Thumbnail

On the beach in Ireland!!!

"It kind of makes sense, on the beach. Maximizing the sun tan surface area. But is it worth it?"
29 minutes ago
Less Prone favorited Doc Vega's blog post Disturbing Aspect of the Patterson Gimlin Film
39 minutes ago
cheeki kea commented on tjdavis's video
Thumbnail

Route 91: Uncovering the Cover Up

"Video not always showing on you tube according to comment section. I can't see it anyways but…"
16 hours ago
Doc Vega posted a blog post
17 hours ago
tjdavis posted a blog post
yesterday
Doc Vega favorited Burbia's video
yesterday
Doc Vega commented on Burbia's video
Thumbnail

InfoWars reporter Jamie White ‘brutally murdered’ near Austin residential area, outlet says

"Gosh do you think the Deep State was sending Alex a message? These bastards!"
yesterday
Doc Vega commented on tjdavis's video
Thumbnail

Route 91: Uncovering the Cover Up

"The lying bastards never covered one aspect of the shooter who was in bad health and couldn't…"
yesterday
Doc Vega favorited tjdavis's video
yesterday
cheeki kea commented on cheeki kea's photo
Thumbnail

furniture fail.

"Yip most folks here believe Trudeau the clown attempted to undertake a Whakapohane and failed…"
yesterday
Doc Vega posted blog posts
yesterday
tjdavis posted a video

Route 91: Uncovering the Cover Up

On October 1, 2017 58 people were killed at the Route 91 country music concert in Las Vegas....and by 2 weeks the media dropped the entire story due to all t...
Saturday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted