by Ellen Brown Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk …
Pulling Back the Curtain on the Wall Street Money Machine
Pulling Back the Curtain on the Wall Street Money Machine Ellen Brown December 7, 2011 http://WebofDebt.com/articles On November 27, Bloomberg News reported the results of its successful case to force the Federal Reserve to reveal the lending details of its 2008-09 bank bailout. Bloomberg reported that by March 2009, the …
State Bank Movement Picks Up Steam
Feds To States: “Drop Dead.” by Ellen Brown, www.webofdebt.com/articles, May 16, 2011 “Ford to New York: Drop Dead,” said a famous headline in 1975. President Ford had declared flatly that he would veto any bill calling for “a federal bail-out of New York City.” What he proposed instead was legislation that would …