Topic: Ellen Brown

Ellen Brown, founder of the Public Banking Institute and author of Banking on the People, returns to discuss alternatives to the current debt-based financial system. The conversation highlights the struggle of individuals trapped by high-interest student loans and credit card debt within a system designed for corporate profit. Brown's work focuses on democratizing money and creating a banking infrastructure that serves the public interest rather than private shareholders.

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 host recaps the month of June, featuring guests like Russ Baker on the Bush family and Patrick Jordan on vaccine weaponization. A discussion on Universal Basic Income is highlighted as a potential solution to economic disparity, referencing the work of Ellen Brown. The segment also addresses the winding down of the "Moneybomb" program and the challenges of maintaining a growing independent podcast.

Ellen Brown, founder of the Public Banking Institute, discusses the lack of accountability for major banks following the 2008 financial crisis. She highlights the LIBOR scandal, where international banks colluded to manipulate interest rates affecting $400 trillion in contracts. Brown notes that while the savings and loan crisis of the 1980s resulted in a thousand prison sentences, modern banking executives remain immune to criminal prosecution, with fines being paid by shareholders rather than perpetrators.

Ellen Brown discusses her background as a lawyer and writer, emphasizing her independence from financial institutions. She explains how she gathers information from global whistleblowers and tips. The conversation covers the impact of the Cyprus "theft" on local businesses and payrolls, suggesting that the targeting of large accounts was a strategic move to prevent mass protests while still seizing significant capital.

Ellen Brown provides her website addresses and book titles, including Web of Debt and The Public Bank Solution, for listeners seeking further education. She encourages participation in the Public Banking Institute to facilitate local political action. Greg Carlwood thanks Brown for her insights into alternative economic solutions and concludes the interview portion of the show.