Web of Debt
Ellen BrownLatest thoughts about money, banking, and our financial system.
| Platform |  | Pricing | Freemium | Publishes | Monthly |
|---|---|---|---|---|---|
| Issues | 57 | Founded | 5 years ago | Last Issue | 3 months ago |
| Active | |||||
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ellenbrown.substack.comLatest Issues
Regime Change at the Fed: From Big Bank Bailouts to Local Productivity
On January 30, when former Federal Reserve board member Kevin Warsh was nominated by President Trump as the central bank’s next chair, markets sold off and gold and silver plunged. Investors were positioned for a “dove,” someone inclined to...
The Wealth Concentration Engine: Rethinking America’s Financial Plumbing
A Jan. 17 article on Quartz Markets by Catherine Baab reports that JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup and Bank of America returned nearly all of their 2025 profits to shareholders. Goldman Sachs returned $16.78 billion on...
Compound Interest Is Devouring the Federal Budget: It’s Time to Take Back the Money Power
Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunn...
Cross-post, "New York City’s Forgotten Public Bank Plan" by Andy Morrison
Here is an excellent article by Andy Morrison, associate director of the New Economy Project, on the historical challenges and future prospects of public banking in New York City —
“New York City’s Forgotten Public Bank Plan”
In 1975, Wal...
Why New York City Needs a Public Bank
“We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resilience. A bank that puts our money to work for our people.”
— Zohran Mamdani, Victory Speech, Nov....
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The writers behind this newsletter.
Founder and co-chair, Public Banking Institute; author of 400+ articles and 13 books, including "Web of Debt" and "The Public Bank Solution."
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