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Ellen Brown Interview Transcript Part II: Public Banking-- the Bottom Up Solution to a Lot of Economic Ills

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Originally Published on OpEdNews

I interviewed Ellen Brown on April 30th.  This is part two of a two part interview transcript. Here's a link to the audio podcast.

Thanks to Don Caldarazzo   for doing the transcript.

Ellen Brown is an attorney, president of the Public Banking Institute, and author of 11 books. Her websites are http://WebofDebt.com, and In her latest book, "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free," she shows how the power to create money has been usurped from the people and how we can get it back. 

by Ellen Brown

Rob Kall:   So tell us a little bit more about the conference, and what's happening at the conference, and who is speaking there.  What are you hoping to accomplish with this conference?


Ellen Brown:   Ideally what we should do is bring an initiative, particularly in California where I live.  We do initiatives, and they've been quite successful, quite often.  But before you can do an initiative, people have to understand what you're talking about.  If you walk into a supermarket and you say, "Do you want to sign my initiative for Gay Marriage?" or something like that, people know immediately 'yes' or 'no' whether they support that or they don't. 


But if you say, "Will you sign my petition for a State-owned bank?" their first thought is, "I don't trust the government, we've got too many banks already."  They don't understand the concept of why it's better for the people and even better for the local banks, etc; better for business, better for everything.  So we wouldn't get very far with an initiative.  We've already done - in California, we had a bill that made it all the way through both Houses of the Legislature, and the Governor didn't sign it; so it's very difficult to do it in the ordinary legislative way. 


Our goal is to get lots of information out there.  The more people understand it, then the more people understand how in jeopardy their money is right now in the current system, and how corrupt the system is, then the more ability we'll have to get the groundswell of support that you always need in order to change a system like that, if you look at it historically.


Rob Kall:   Just how in jeopardy is the money that the people have?  From what I'm hearing from you is primarily their retirement, their life savings that could be at risk, because the retirement funds and 401K's and what have you, they've got money that could be basically grabbed by derivative bankers.  This is a problem.


Ellen Brown:   Right.  All that money is sitting, to the extent that it's setting anywhere -- I mean your stocks of course all you own is a piece of -- well, it's not even a piece of paper, that's the problem: you own these fungible stocks with no names on them.  But the only actual money in the bank would be money between your sales of stocks, and all that goes to the TBTF banks.  But as far bank deposits go, that would be normally the sort of lower -- I mean, the richest people don't keep a lot of money on deposit; they'll only keep enough to pay their bills, and all the rest they put somewhere else.  So it's really the small depositors, the people who live from paycheck to paycheck - they're going to be the most vulnerable to that type of wipeout. 

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Rob Kall is executive editor, publisher and website architect of, Host of the Rob Kall Bottom Up Radio Show (WNJC 1360 AM), and publisher of, President of Futurehealth, Inc, and an inventor . He is also published regularly on the

Listen to over 200 of Rob's Podcast interviews here.

Rob is, with the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.

With his experience as architect and founder of a technorati top 100 blog, he is also a new media / social media consultant and trainer for corporations, non-profits, entrepreneurs and authors.

Rob is a frequent Speaker on the bottom-up revolution, politics, The art, science and power of story, heroes and the hero's journey and Positive Psychology. He is a campaign consultant specializing in tapping the power of stories for issue positioning, stump speeches and debates, and optimizing tapping the power of new media. Watch me speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

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