Saturday, 30 October 2010

Ellen Brown: Time for a New Theory of Money

'The functional equivalent of a community currency system can be achieved using the national currency, by forming a publicly owned bank. By turning banking into a public utility operated for the benefit of the community, the virtues of the expandable credit system of the medieval bankers can be retained, while avoiding the parasitic exploitation to which private banking schemes are prone. Profits generated by the community can be returned to the community.'

Read more: Ellen Brown: Time for a New Theory of Money



'How To Forge A Client's Signature' And Other Lessons From Inside The Ameriquest Sub-Prime Sweatshop

'A few weeks after he started working at Ameriquest Mortgage, Mark Glover looked up from his cubicle and saw a coworker do something odd. The guy stood at his desk on the twenty-third floor of downtown Los Angeles's Union Bank Building. He placed two sheets of paper against the window. Then he used the light streaming through the window to trace something from one piece of paper to another. Somebody's signature.'

Read more: 'How To Forge A Client's Signature' And Other Lessons From Inside The Ameriquest Sub-Prime Sweatshop