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	<title>WEB OF DEBT BLOG</title>
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	<description>ARTICLES IN THE NEWS . . . . . . . . . . . . . . . . COMMENTS, FEEDBACK, IDEAS</description>
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		<title>WEB OF DEBT BLOG</title>
		<link>http://webofdebt.wordpress.com</link>
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		<title>Bail-out Is Out, Bail-in Is In:  Time for Some Publicly-Owned Banks</title>
		<link>http://webofdebt.wordpress.com/2013/04/29/bail-out-is-out-bail-in-is-in-another-argument-for-publicly-owned-banks/</link>
		<comments>http://webofdebt.wordpress.com/2013/04/29/bail-out-is-out-bail-in-is-in-another-argument-for-publicly-owned-banks/#comments</comments>
		<pubDate>Mon, 29 Apr 2013 17:18:59 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5657</guid>
		<description><![CDATA[“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” —Eric Sprott, Shree Kargutkar, “Caveat Depositor” The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5657&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>16</slash:comments>
	
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		<title>Public Banking for &#8220;We the People&#8221; Conference Call</title>
		<link>http://webofdebt.wordpress.com/2013/04/15/public-banking-for-we-the-people-conference-call-2/</link>
		<comments>http://webofdebt.wordpress.com/2013/04/15/public-banking-for-we-the-people-conference-call-2/#comments</comments>
		<pubDate>Mon, 15 Apr 2013 17:42:58 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5643</guid>
		<description><![CDATA[On April 6, 2013, Ellen Brown of the Public Banking Institute joined Rocky Anderson in a thoughtful discussion relating to the 2008 economic crash and what we can do to protect our state and local economies when Wall Street Banks tank. Fortunately, we have an operating model in North Dakota to learn from: A public [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5643&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://webofdebt.wordpress.com/2013/04/15/public-banking-for-we-the-people-conference-call-2/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
	
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		<title>Winner Takes All:  The Super-priority Status of Derivatives</title>
		<link>http://webofdebt.wordpress.com/2013/04/09/winner-takes-all-the-super-priority-status-of-derivatives/</link>
		<comments>http://webofdebt.wordpress.com/2013/04/09/winner-takes-all-the-super-priority-status-of-derivatives/#comments</comments>
		<pubDate>Tue, 09 Apr 2013 16:10:42 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5620</guid>
		<description><![CDATA[Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk.  Derivatives have “super-priority” [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5620&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>93</slash:comments>
	
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		<title>It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors</title>
		<link>http://webofdebt.wordpress.com/2013/03/28/it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors/</link>
		<comments>http://webofdebt.wordpress.com/2013/03/28/it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors/#comments</comments>
		<pubDate>Thu, 28 Mar 2013 13:43:57 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5560</guid>
		<description><![CDATA[Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5560&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>142</slash:comments>
	
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		<title>A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus</title>
		<link>http://webofdebt.wordpress.com/2013/03/21/a-safe-and-a-shotgun-or-public-sector-banks-the-battle-of-cyprus/</link>
		<comments>http://webofdebt.wordpress.com/2013/03/21/a-safe-and-a-shotgun-or-public-sector-banks-the-battle-of-cyprus/#comments</comments>
		<pubDate>Thu, 21 Mar 2013 20:35:04 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5508</guid>
		<description><![CDATA[If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. &#8211; Martin Hutchinson on the attempted EU raid on deposits in Cyprus banks The deposit confiscation scheme has long been in the making.  US depositors could be next . [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5508&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>144</slash:comments>
	
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		<title>Money for the People: Grillo’s Populist Plan for Italy</title>
		<link>http://webofdebt.wordpress.com/2013/03/07/qe-for-the-people-comedian-grillos-populist-plan-for-italy/</link>
		<comments>http://webofdebt.wordpress.com/2013/03/07/qe-for-the-people-comedian-grillos-populist-plan-for-italy/#comments</comments>
		<pubDate>Thu, 07 Mar 2013 16:12:44 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5484</guid>
		<description><![CDATA[Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy. Comedian Beppe Grillo was surprised himself when his Five Star Movement got 8.7 million votes in the Italian general election of February 24-25th. His movement is now the biggest single party in the chamber of deputies, [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5484&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>42</slash:comments>
	
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		<title>How the Fed Could Fix the Economy—and Why It Hasn’t</title>
		<link>http://webofdebt.wordpress.com/2013/02/24/how-the-fed-could-fix-the-economy-and-why-it-hasnt/</link>
		<comments>http://webofdebt.wordpress.com/2013/02/24/how-the-fed-could-fix-the-economy-and-why-it-hasnt/#comments</comments>
		<pubDate>Sun, 24 Feb 2013 18:38:30 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5458</guid>
		<description><![CDATA[Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks. A [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5458&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://webofdebt.wordpress.com/2013/02/24/how-the-fed-could-fix-the-economy-and-why-it-hasnt/feed/</wfw:commentRss>
		<slash:comments>49</slash:comments>
	
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		<title>How Congress Could Fix Its Budget Woes, Permanently</title>
		<link>http://webofdebt.wordpress.com/2013/02/13/how-congress-could-fix-its-budget-woes-permanently/</link>
		<comments>http://webofdebt.wordpress.com/2013/02/13/how-congress-could-fix-its-budget-woes-permanently/#comments</comments>
		<pubDate>Wed, 13 Feb 2013 16:41:15 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5406</guid>
		<description><![CDATA[As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn&#8217;t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5406&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://webofdebt.wordpress.com/2013/02/13/how-congress-could-fix-its-budget-woes-permanently/feed/</wfw:commentRss>
		<slash:comments>50</slash:comments>
	
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		<title>Hazel Henderson: &#8220;Transforming Finance Still Top Priority&#8221;</title>
		<link>http://webofdebt.wordpress.com/2013/02/08/hazel-henderson-transforming-finance-still-top-priority/</link>
		<comments>http://webofdebt.wordpress.com/2013/02/08/hazel-henderson-transforming-finance-still-top-priority/#comments</comments>
		<pubDate>Sat, 09 Feb 2013 02:54:57 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5393</guid>
		<description><![CDATA[Restoring public banking is at the top of Hazel Henderson&#8217;s list of things to do to build a new financial system. Also prominent is a financial transactions (Tobin) tax, already approved by EU finance ministers. Read the article here. Filed under: Ellen Brown Articles/Commentary<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5393&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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		<title>The Trillion Dollar Coin: Joke or Game-changer?</title>
		<link>http://webofdebt.wordpress.com/2013/01/18/the-trillion-dollar-coin-joke-or-game-changer/</link>
		<comments>http://webofdebt.wordpress.com/2013/01/18/the-trillion-dollar-coin-joke-or-game-changer/#comments</comments>
		<pubDate>Fri, 18 Jan 2013 21:42:46 +0000</pubDate>
		<dc:creator>Ellen Brown</dc:creator>
				<category><![CDATA[Ellen Brown Articles/Commentary]]></category>

		<guid isPermaLink="false">http://webofdebt.wordpress.com/?p=5323</guid>
		<description><![CDATA[The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.  Last week on &#8220;The Daily Show,” Jon Stewart characterized the proposal that the White House circumvent the debt ceiling by minting a trillion dollar coin as an attempt to &#8220;just [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=webofdebt.wordpress.com&#038;blog=1121595&#038;post=5323&#038;subd=webofdebt&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>193</slash:comments>
	
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