Special Programming: Public Affairs on 11/26/10
Ellen Brown on The Financial Hijacking of America — How and why to escape the web of debt
This is a talk about the trillion dollar bailout of the too large to fail banks and how it relates to the underlying crisis caused by the private control of the US — and soon the world's — money supply.
Brown has an intriguing theory that she sets out to prove: Congress was initially not very interested in a bailout of the banks and needed to be shown, she says, that the situation was serious and that more money than ever before had to flow from taxpayers and the Federal Reserve into the banking system.
In part ONE of her talk Ellen Brown runs down the incidents that led to the collapse of Lehman Brothers. She asks whether Lehman was purposefully bombed with short and naked short sales, and then was left unsupported by fellow banks in order to prove to Congress and to us that the crisis was serious. She quotes from a NY Times headline: "Lehman had to die, it seems, so global finance could live."
In part TWO Ellen Brown covers the little known but highly consequential role of the Bank for International Settlements in Switzerland.
Ellen Brown is the author of Web of Debt: The Shocking Truth about Our Money System and How We Can Break Free (Revised and Updated), a book about the Federal Reserve.For info on how to order this program go to http://www.tucradio.org