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 …

How Congress Could Fix Its Budget Woes, Permanently

How Congress Could Fix Its Budget Woes, Permanently Ellen Brown http://WebofDebt.com/articles February 8, 2013   As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and …