In Defense of Ellen Brown

What it is all about is the Goldbug people versus the Interest Free Money crowd. It is one of the most crucial debates around. As I have mentioned before both on this site and elsewhere, Gold is the preferred currency of the Banking Fraternity and they plan to reinstate it in their world currency, which is coming closer every day.

North has compiled an enormously lengthy article with no less than 50 links to individual, detailed critiques to some of the statements in Ellen Brown’s Web of Debt.

Some of them are fair, others are outrageous. Such as his defense of deflation. Not seeming to realize that Europe suffered protracted (semi) depressions for long periods of time right up to the Great Depression. While on the Gold Standard. All these were caused by structurally scarce gold.

The simpleminded defense of deflation as ‘natural’ without reviewing the very negative implications of deflation for the broader social and economic fabric is difficult to swallow. It is not that we cannot see the effects of deflation today.

North apparently does not realize that the Bankers always favor deflation. Because deflation makes their outstanding debts more valuable.

He also thinks it is cosmopolitan and streetwise to attack Brown for her nuanced approach to Hitler.

It is not. Although many people would sympathize with North (which he obviously expects and hopes to use to destroy Brown’s credibility), it is simply politically correct and immature to do so. To understand Hitler, so we can learn to avoid people like him, we must understand what attracted others to him. Anybody with even marginally developed skills for independent thought can see that the treatment of Hitler in the post war era is a classic case of ‘Sieger Justiz’ and his current image has nothing to do with reality.

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