Collateral Damage: QE3 and the Shadow Banking System

  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 …