Ellen Brown — Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option

“L.A. relies on these banks,” says The Times, “for long-term financing to build bridges and restore lakes, and for short-term financing to pay the bills.” The editorial noted that a similar proposal brought in the fall of 2011 by then-Councilman Richard Alarcon, backed by Occupy L.A., was abandoned because it would have resulted in termination fees and higher interest payments by the city.
It seems we must bow to our oppressors because we have no viable alternative – or do we? What if there is an alternative that would not only save the city money but would be a safer place to deposit its funds than in Wall Street banks?

TINA? No way, says Ellen.

Web of Debt
Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option
Ellen Brown