Peter Schiff vs. The Communist Ellen Brown

Peter unleashes a torrent of flaming truth upon the communist usurper that calls herself Ellen Brown, author of Web of Debt, in this epic debate.

I highly recommend listening to this epic smackdown of monetarist theory.

Brown is left totally confused about the effects of printing money and where money comes from.

People that don’t have the first clue about what money actually is shouldn’t be writing books about how government should print endless amounts of money to fund its escapades.

Speaking of where money comes from, learn by watching this:

Economist Gary North actually equates her to a cheerleader for Hitler’s economics.

Ellen Brown is a lawyer by profession, a Greenbacker by confession, and a fan of Adolph Hitler’s economics by consistency.

She is quite open about her support for National Socialism’s economics, as I shall demonstrate. What is depressing is this: she is getting a respectful hearing in Tea Party circles. Her book, The Web of Debt (2006), is widely cited on the World Wide Web. As of early October, 2010, a Google search for “Ellen Brown” and “Web of Debt” generated close to 600,000 hits. This is huge.

Here is a tactical problem. For two generations, conservatives have been shouted down by the Left with this accusation: “Fascist!” Ellen Brown is now making this accusation plausible. Yet the great irony is this: Ellen Brown is a Leftist. There is nothing even remotely free market or conservative about The Web of Debt. It is a call for a Federally funded welfare state. She praises the New Deal. She praises John Maynard Keynes. She has only one objection to their recommended programs: governments borrowed money to fund them. She wants a welfare state that is funded entirely by paper money printed by Congress. She is about as conservative as Nancy Pelosi.

How could her ideas be getting a hearing in Tea Party circles? It’s a long story. Let me summarize it.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG

    Ellen Brown is not a communist. The National Socialist’s monetary policy was far superior to ours. Hitler also built freeways. Shall we not build freeways out of associative-guilt too?

    Private banks create money though the process of lending. The quantity of money should be controlled by the state. Additionally, the state should not borrow from private interests.

    Ellen Brown is a poor advocate for public credit.

  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • http://twitter.com/auditnerd JG
  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

      Gary North calls her a fascist.

      I suppose North is probably more accurate with his description.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

      Gary North calls her a fascist.

      I suppose North is probably more accurate with his description.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

      Gary North calls her a fascist.

      I suppose North is probably more accurate with his description.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

  • Ernie Messerschmidt

    Calling Ellen Brown a “communist” is childish name calling and has nothing to do with reality. She does not advocate state ownership of the means of production, but free enterprise in a framework of reasonable regulation. Money-wise she advocates that the people, through their government, be in control of credit creation rather than private parties who usurp this power for their own corrupt ends.

    banks).

    • http://twitter.com/auditnerd JG

      Exactly.

      If anything is, credit is a public good. The quantity of money outstanding, and who reaps the free lunch from credit creation, is of interest to the whole society. Allowing a massively powerful cabal of financial interests to set the price level of the most important assets is insane.

    • http://fascistsoup.com/ Michael Suede

      She wants state control of money production.

      ergo, she is a communist.

      Gary North calls her a fascist.

      I suppose North is probably more accurate with his description.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • GloriousLeader

    Christ – have to be a schiff member to listen to that interview?

    • http://fascistsoup.com/ Michael Suede

      I fixed it so you can listen now.

  • Bennett W

    I only wish Ellen Brown were a communist. Many of her solid arguments for public banking can also be applied to public health care, transportation, energy and a whole lot more.