Ellen Brown Betrays Her Followers

by Gary North
Nov. 26, 2010

..At this point, it is time for me to move to my next phase of criticism. My articles smoked her out. She finally came clean. She is – and says she always has been – a supporter of mass monetary inflation, no matter who prints the money. If the central bank does this, that's fine with her.

Having smoked her out, I now go to the next stage of my criticism. Ellen Brown is the Pied Piper of Greenbackism. Her goal now is to lead the Greenback faithful back into the camp of the Federal Reserve System.

She positioned Web of Debt as an anti-FED book. The cover pictures the FED as a spider.

If we are to believe her now, this was fake from day one. She never cared who does the inflating, she now says. If Bernanke will do it, that's fine with her, she now says. In all my years of reading leftists – and she is a leftist – I have never seen anything like this. She built a following on this theme: "The Federal Reserve System is evil, because it is part of the fractional reserve banking system. The FED is privately owned. It does not issue real money. Real money is issued only by Congress." Then, in the space of four days, she tells her followers that the Federal Reserve is doing the right thing. It is in fact the model for all other central banks.

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