Topic: Banking Cartel

Ellen Brown discusses the ongoing work of the Public Banking Institute, which provides research and resources for local communities looking to organize. She notes the intersection between the banking cartel and the pharmaceutical industry, which led her to shift her writing from medical health to economic reform. Her articles appear on platforms like Truthdig, and her books are available through major retailers for those seeking to understand these complex systems.

The creation of the Federal Reserve is described as a secret cartelization of the banking industry by Wall Street elites. Corbett details the 1910 meeting at Jekyll Island involving Nelson Aldrich and top bankers who drafted the legislation to protect their interests from public scrutiny. He notes that the history of populist movements against bankers has been largely removed from modern educational curricula.

The global "Cabal" is described as a hierarchy topped by the international banking cartel, followed by the oil cartel and multinational CEOs. Hellyer warns that trade agreements like the Trans-Pacific Partnership (TPP) and the Canada-European Trade Agreement (CETA) include settlement mechanisms that allow corporations to sue sovereign nations. These legal frameworks are designed to prevent countries from returning to publicly funded monetary systems.

Brown addresses criticisms of public banking as "socialist" by pointing out that the U.S. military is already a massive socialist entity funded by taxpayers. She cites Costa Rica's decision to abolish its military and nationalize its banks as a successful alternative. The segment concludes with an explanation of how private banks, rather than the government, create the majority of the money supply through debt, forming a non-competitive cartel.