Ellen Hodgson Brown Web of Debt

Call Arnold Schwarzenegger
(916) 445- 2841
(213) 897- 0322
North Dakota is one of only two states that are currently able to meet their budgets, and it has the lowest rate of unemployment in the country. The secret of its success is that it is the ONLY STATE THAT OWNS ITS OWN BANK. For 90 years, all the state's revenues have gone into the Bank of North Dakota (BND), which then leverages these deposits into many times that sum in loans, as all banks are legally allowed to do. The BND is a great model for California and others state, county and city governments to follow in forming their own banks, as the legislation has been well established for many decades. The BND is not at the mercy of Wall Street but is controlled locally, serving to protect North Dakota from the credit freeze and from the need to sell off its precious resources.

Category:

News & Politics

Tags:

• Ellen
• Hodgson
• Brown
• Web
• of
• Debt
• Arnold
• Schwarzenegger
• Bank
• North
• Dakota
• Citibank
• union
• bank
• wells
• fargo
• america
• westamerica
• wall
• street
• federal
• reserve
• bankers
• money
• depression
• farmers
• states
• solutions
• banks
• resources
• billions
• trillions
• ownership
• surplus
• wealth
• California
• fantastic
• credit
• toll
• roads
• taxes
• Russell
• Brand
• Conan
• O'Brien
• bakruptcy
• recession

[TadRapidly]

@freddygoldstein keep arguing about skin color while the bankers laugh at you and steal everything. Dumb asses.

[drdickrodgers]

Ellen, You are doing a fantastic job. Keep at it. I am struggling to get to grips with this issue in the UK with Positive Money and met excellent elder statesman of common sense James Robertson and Prof Richard Werner. I have met our Chancellor (Finance Minister) about this and intend to plug away at it. Clarity helps greatly and your book is a great help. I have just got "The Wizard of Oz" book and the play is on in London's West End at present to rave reviews. Gives me ideas Dick Rodgers

[patbarkley]

Banks cannot leverage their deposits into many times that in loans.

If a bank gets $1000 in loans, they can loan less than that out, not multiples of that.

I wonder if Ellen was as bad at law as she is at math and banking?

Maybe that's why she writes silly books instead of practicing law? LOL!

[mooninquirer]

Ellen Brown, you are living proof that a woman can be more intelligent than most men, and you are very good looking too !

[mooninquirer]

@jackson32 It is not necessarily "Keynesian" ( because Keynes urged America to go to war in WW II, but Ellen Brown points out that the bankers WANTED war, to make nations dependent on them ), but it is certainly anti-gold and pro-fiat currency. Gold might be a good investment for an individual, but it is horrible to constrain a whole society with the limitation of the amount of gold. The currency should expand based on the growth and needs of the country.

[jackson32]

If you want to see a complete debunking of Ellen Brown and Web of Debt google "Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error"

[TransformedMan]

YEAH! I live in North Dakota! North Dakota ROCKS!!!!!

But learn about the NPL (Non Partisan League) that created the State Owned Bank and see how the "Bankers" smashed the league so it would catch on throughout the country.