Web of Debt: The Shocking Truth About Our Money System and How We Can Break Freeby Ellen Brown
EXPLODING THE MYTHS ABOUT MONEY. Our money system is not what we have been led to believe. The creation of money has been privatized, or taken over by a private money cartel. Nearly all of our money is now created as loans advanced by private banking institutions. Banks create the principal but not the interest to service their loans. To find the interest, new loans… See more details below
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EXPLODING THE MYTHS ABOUT MONEY. Our money system is not what we have been led to believe. The creation of money has been privatized, or taken over by a private money cartel. Nearly all of our money is now created as loans advanced by private banking institutions. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices -- and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book.
- Third Millennium Press
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Meet the Author
Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown's eleven books include the bestselling Nature's Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.
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This book is a real education, eliminating one’s naiveté about money and the banking system. Novel-like and engrossing, its pages reveal the history of usury banking’s conspiracy against society. It shows that, contrary to common belief, almost all money is created by private banks when they make loans rather than by government, and that our banking system, which we’ve been lead to believe is the honest, solid, indispensable steward of our hard-earned money, is actually a deceptive parasite that continually steals from us and sickens our economy. Usury banking, she informs us, has long been a primary source of our economic woes—a harmful middleman that we would be better off without. And she provides the solution: a debt-free medium of exchange created by we-the-people through our government, supporting the real economy rather than suppressing it, with interest returning to government to defray taxes or pay for government services. She shows that this system has been, in Benjamin Franklin’s colonial Pennsylvania, Lincoln’s greenback era, and elsewhere, an engine for prosperity, allowing industry and free enterprise to flourish. While exposing the central flaw in our social economy, it is a tremendously optimistic book, pointing the way to a much brighter future.
As of july 2011, the U.S. and actually the whole world are trapped in debt, the U.S. will get a lower grade on its credit. So, this affects everyone, anyone who uses money. Do yo what howto put an end to this mess? Then this book is for you. You don't have to have a masters degree or even have been to university to "get it". This book is free of all that confussing and empty jargon used to scare people and put them out of the way of what is really going on. Just read it!