Web of Debt, The Shocking Truth About Our Money System

[delyparker777]

END THE FED! RON PAUL 2012 OR BUST!!!

[PinkHaloAngelV2]

People make me sick. Where do I sign up to join the next Monetary Reform Movement? I've already stopped using FDIC banks, they're not creating more debt and inflation off of me! It's time to cut the puppet strings

[etzel33]

This video was posted before the collapse of 2008. Very cool.

[BuddyBuddy2525]

Ellen, who reads your new mp3 audio version of your book? Do you read it aloud? Is the whole book available to listen to via mp3 files? I bought your book a couple of years ago, and think it is fabulous. Thanks.

w w w. lulu. com/product/file-download/web-­of-debt_mp3-version/14682133?p­roductTrackingContext=search_r­esults/search_shelf/center/1

[Elazar40]

I appreciate what Ellen has done. Being able to communicate in the language of the generation, is THE key to all real communication. I'm not sure if she addresses this, but the distinction I believe she is attempting to explain, is the difference between public vs PRIVATE money or currency. Colonial script was public, whereas FEDERAL RESERVE NOTES are PRIVATE (or PIRATE) currency. Whereas public currency represents the will of the people, PRIVATE CURRENCY represents the will of the BANKSTERS.

[agenthelios1]

@tbstef Yeah, but my point was she is talking about monetary system (important issue) and all you are concernd about isthe music.

Dot worry e will betalking abut Lady Gaga next and Jersey shore

[dany21M]

I know this form a long time ago, you only have to think logically to realise that money are just illusion,their are made out of notting,are based on notthing,just plastic with a value on it. Money are made to enslave the population, they make you belive tat you need money to buy their products. And not to forget,money also creates scarcity (wich is obviously an illusion) and WAR. It also affects morality, turning humans into destructive creatures, ready to kill for that money.

[agenthelios1]

This woman is talking about the very REAL corruption of the international banking cartel and the comment below me (tbstef) asks "What is the name of the jazz song that plays for the first 59 seconds of this video"

That is a perfect example of the dumbing down of this idiotic country.

[michalchik]

@agenthelios1 Yeah, and it is a dumb jazz song too ;-)

[agenthelios1]

@michalchik HEHE! good one, you really got under my skin on that comment (now go pat yourself on the back)

[jackson32]

If you want to see a complete debunking of Ellen Brown and Web of Debt google "Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error"

[StraussBR]

if each state had it's own bank, the federal govt wouldn't be so dependant on the FED

[jimmyrtle]

Ellen, your idea is probaly the only way to make things worse. Good job.

We need to give the government more power. They did so well with Fannie and Freddie.

[BraveNewLiberty]

Ron Paul 2012

Rand Paul 2010

Peter Schiff 2010

BJ Lawson 2010

[magasu07]

@dozerking - Take a look at - The Grip of Death: A Study of Modern Money, Debt Slavery and Destructive Economics by Michael Rowbotham. I read it 8 years ago and it completely changed my perspective of the the world we live in. A lot of it's contents are now widely known by anyone with the eyes to see and the ears to hear but it does propose an interesting solution.

Cheers!!

[dozerking]

great intro to your book! I think this is one issue that us Progressives and Conservatives can all agree on and stand behind. This would change the entire dynamic of how we do things in this Country, and would give the Treasury back the power it's supposed to have. It would drastically change taxes, and we'd have a much healthier Highway program as well as important social services.

Are there any other books like Web of Debt out there that people can recommend?

[ronnoten]

@dozerking

check out the creature from jekyll island by G edward griffin, brilliant book.

[SadClownMovies]

you'll be denying he printed united states notes from the treasury next. :-)

[SadClownMovies]

i have one of kennedy's united states notes, you know the ones he had the treasury print before they blew his head off!

[zb24601]

"They" did not blow Kennedy's head off, "he" did. "He" being Lee Harvey Oswald, acting alone.

[MrGreatLakesBuffalo]

Let's default! OR....pay off all your debt and never go back! that's what I'm doing. No more plastic China shit. Wake up. Often, it's on my curb at garbage day, yet still on my card. No more!

[DeviantincTV]

The whole point is you CAN'T pay off all the debt because the total amount of money in the system is ALWAYS less than the amount owed (due to interest). And additionally all money is debt. That is the really crime with the current system and is the part that needs fixing...

[nervs777]

there is no such thing as the federal reserve

[rickard81]

Please get educated. Read "Modern Money Mechanics". It explain the "fraction system" Which in short term means that if you deposit 100$ in a bank the Bank can lend 900$ on top of the 100$ already deposited. Which means they create 800$ OUT OF THIN AIR! But don´t take my word for it! look it up and get educated!

[nervs777]

are you stupid?

[rickard81]

are you uneducated?

[zb24601]

WRONG! The fractional reserve system means that the bank must keep a fraction (10%) of deposits in cash, the rest (90%) they can loan out. So if you deposit $100, the bank can loan out $90 of your deposit.

[mastermoneystar]

she is right..!!!!!!!!!!!!!

[zb24601]

No, she has no idea what she is talking about. Banks don't create the money. I have seen the money being printed, in a government facility in DC. She is wrong about almost everything else she says.

[nervs777]

so your saying i go ask for a loan and the bank just prints out the money. Bullshit

the bank has to get the money from deposits and loaning from other banks

[rickard81]

Please get educated. Read Modern Money Mecanichs. It explain the "fraction system" Wich in short term means that if you deposit 100$ in a bank the Bank can lend 900$ on top of the 100$ already deposited. But don´t take my word for it! look it up and get educated!

[nervs777]

the entire world is not in debt. a lot of places have savings

[rickard81]

Please get educated. Read Modern Money Mecanichs. It explain the "fraction system" Wich in short term means that if you deposit 100$ in a bank the Bank can lend 900$ on top of the 100$ already deposited. But don´t take my word for it! look it up and get educated! And please look up how many Countries that are members of the World Bank. I think you will be suprised by the awnser.

[polkaspotsss]

Instead of a better money system, how about NO money system? Where there is money, there'll be someone to dictate it the production and distribution of it, and when someone was in power, there is corruption. Zeitgeist explains different parts of Modern Money Mechanics as well, but takes a different perspective on the whole thing.

[zb24601]

A barter economy is a difficult they to live in. If you want something, say a chicken, you have to find someone who has an extra chicken and whats what you have to give, say potatoes. But if the person with the extra chickens does not want potatoes, you don't get the chicken.

[polkaspotsss]

The system discussed in the zeitgeist is not a barter or monetary system. Watch zeitgeist addendum. It's on google and YouTube. The movement for social change is already over 1 million members. :D

[DecentralizedByGuilt]

well over a million people already live indigenously, and none of them are in a zeitgeist cult movement.

[polkaspotsss]

Cult? Seriously, find the correct definition of that word. Or give the movement a fair chance before writing it off.

[DecentralizedByGuilt]

It reminds me of a jim jones type of cult. Except the zeitgeist cult is just an online fantasy. No jungle, no one is setting any type of example whatsoever. Nor do they have any clue how to achieve the goals in the first place.Sure you can all run off into some jungle somewhere, or acquire land in the US, or anywhere. It will not a be a "critical mass" that shows the world how it can be done.

[polkaspotsss]

I could debate this. But I won't. I advise you understand the movement more before you say anything about it. It's an open community. The online site has an IRC where people gladly answer questions. And unlike religious cults, it's a scientifically based movement that deduces truth from evidence and logic.

[DecentralizedByGuilt]

Typical and totally predictable.

Not even interested in a step one.

Very sad.

Enjoy you online cult of NOTHING, DO NOTHING, DREAMING

[DecentralizedByGuilt]

Because thousands of people already live indigenously, and none of them are zeitgeist group think cult members. And there is not a large number of people standing in line to live indegineously in a resourced bassed economy.

Ideals for better ways to use energy, in many different, clean, efficient way.

[DecentralizedByGuilt]

This is taking place, it;s a slow process, but one that has been, and is taking place, and the zeitgeist cult has nothing to do with it.

You have no clue how to change the current system. I will tell you what your first step is. But you will "write it off" because your cult leader will not tell you this. Are you interested in step one?

ps. Peter Joseph was only half right on religion being astronomy.

[DecentralizedByGuilt]

It's also about the entheogens, DMT and the mystical experience. The fact that Peter left out Jesus as the mushroom. Shows what a shoddy researcher he is. I wonder if he even read the books his sources published, I highly doubt it!

[polkaspotsss]

Gladly. Enjoy your 2012 doomsday theories and future political/economic failures.

[DecentralizedByGuilt]

So you like to make false guesses about a stranger on the internet? Such a fool. Is this an example of your shoddy research as well?

2012 is not a doomsday, or some shift of consciousness or anything like that. It's a great way to measure a very long period of time, in our Sun's movement in a wave pattern across the galactic equator.

[DecentralizedByGuilt]

This is from our perspective here on earth, and is completely insignificant anywhere else, and absolutely nothing will happen. Just a way to measure time is all. Nothing to fear.

I get my economic views mainly from Michael Hudson, and Stephen Zarlenga, two people that Dr. Brown (whom btw the way bought into Sitchin mistranslated nonsense that aliens manipulated man's DNA, reptilian shit, that DM Murdoch/Acharya S. has fully

[polkaspotsss]

Cunning linguist. I did not expect that. Touche. If you are reading this, (which chances are very high) then I tip my hat off.

[DecentralizedByGuilt]

debunked over and over: see here: truthbeknown. com/anunnaki. htm -the link is for Brown, if she stumbles upon this) This is from our perspective here on earth, and is completely insignificant anywhere else, and absolutely nothing will happen. Just a way to measure time is all. Nothing to fear.

[DecentralizedByGuilt]

whoops, dont know how i posted part twice, lol sorry about that :P

[polkaspotsss]

I don't understand how anything you've sent me debunks TZM or the Venus Project therein, but if you can provide threads or anything else, I'd be interested.

[DecentralizedByGuilt]

I'm not trying to debunk anything in ZG. I'm only saying Peter J left out the most important part in religious origins, which are the entheogens. Thanks to Acharya Peter seems to get that a lot of the mythology is astronomy. But these common deities (Jesus, Horus, Osiris, etc) are also represented as the entheogens. The religious mystical experiences have been recreated over and over. go to the spirit molecule. com for a small example.

[polkaspotsss]

Oh, silly. The first film was just a shot in the dark. He was an exploring film-maker, just out to ask big questions. Granted, a lot of it was plainly made up, but the movement has really evolved into something more than pointing fingers.

[DecentralizedByGuilt]

There were a few mistakes in the first release. Acharya corrected them. None of it was "made up"

But nevertheless he still ignores what I said he does. missing the entire boat of religious origins completely. as does 99% of everyone is the silly movement. *points finger*

[DecentralizedByGuilt]

Look up Prof. Carl Ruck as well. Or Jan Irvin at gnoesticmedia. com. Check his podcast section. Watch his documentary, or buy his books. Along with John Allergro's The Sacred Mushroom and The Cross. Look up DMT The Spirit Molecule by Rick Strassman.

The Venus Project erm sure there are some great ideas. To me it's like dreaming of a Gorge Jetson futuristic world that doesn't exist yet, and they dont seem to have any idea how to get there.

[DecentralizedByGuilt]

If they wish to run off into the jungle, or wherever. If they get 400 people to leave everything and follow them, there doing damn good. But not hardly the type of change that is needed for the rest. There are steps to take. Step one is explained at vote. org. Its not out of the question since 24 states already have it.

[polkaspotsss]

It's not about running off into the jungle. Haha, nice theory though. The problem is that in a capitalistic society, the entire structure depends on constant consumption. If consumption were to stop, the system would collapse, thereby making it a linear system; and you cannot run a linear system on a finite planet indefinitely.

[DecentralizedByGuilt]

it;s just talk homeboy. You and the silly movement have no clue how to make the very old regurgitated ideals a reality. You have talk only. wishful thinking. dreamer do nothing nonsense ie a complete waste of time. a trendy new age online silly movement for kids! YAWN

[polkaspotsss]

I had respect for you up until now. You think you know so much with your numbers and the way things function, but you can't even step back far enough to see how destructive the current monetary system is. If you could even step back far enough and look into something different, you'd see that the Venus Project has an entire idea, ready to be set into motion.

[DecentralizedByGuilt]

God damn man. You do not know me. But yet here you are guessing again!

For economics I look to Stephen Zarlenga, and Michael Hudson.

If you want to dream about a resources bassed economy, that's all fine and dandy. You do not have a way to get the rest of the world to fallow you, let alone the US.

[polkaspotsss]

Additionally, in a monetary system, the driving factor is profit, and when profit is (and as history has shown has always been) placed before human welfare, it's hard to expect decency out of people. There is no war on terror, it's just a fight for resources (in this case oil) and a country the size of Maine attacking us because they "hate freedom" is just American propaganda.

[DecentralizedByGuilt]

please spare my the sixth grade talk!

I know what's up homeboy. I'm talking about actually doing something about it. Actually viable steps. not wishful thinking dreamer la la la land crap where all you do is cry bitch and moan about what everyone already knows.

but do nothing about it

[polkaspotsss]

Because trust me, the only thing that matters in politics is money. They don't give a shit about you. They don't give a flying fuck about your family or your friends. Your whole town could go out tomorrow from an explosion, and they'd probably broadcast it on daytime television like it was a made for TV special. Whoa! Deja vu.

[DecentralizedByGuilt]

I told you to stop with the sixth grade bullshit.

You think i don't know?

You didn't even bother to check my channel. did you! typical!

seriously punk, leave me the fuck alone. I do not care about ZG trendy wanna be fake ass bitches with no viable steps to do anything.

[DecentralizedByGuilt]

I don't care about your racist friends either. seriously fuck off kid. I do not have time to waste on you regurgitating other people's very old do nothing dreams.

I was right in saying not to read your replies. This is a go nowhere stupid circle. You o on about your way now, keep on dreaming, Those of us in the real world have real actual steps to take. We/re are are way. You;re being left behind in la la dram land,. fuck off (Njoy the last comment you will ever receive from me, little kid)

[polkaspotsss]

Oh, no! What ever will I do when the ignorant fuck I will never meet in real life on youtube stops talking to me? Single tear*

Lest we forget, that at one time "the real world" and important business people believed the world was flat/airplanes would never fly. There are viable steps to this, you just wanna keep dicking around with money like it's gonna get you somewhere. And as for not looking at your channel, not looking into TVP is a bit contradictory for you to be preaching your bullshit.

[polkaspotsss]

There's a guy on youtube, his name is MrSuperiorWhiteMan, and he's a white supremecist. I don't know anything about your views against racism, but your reasoning skills and lack of tolerance is generally the same.

[DecentralizedByGuilt]

I get my economic views mainly from Michael Hudson, and Stephen Zarlenga, two people that Dr. Brown (whom btw the way bought into Sitchin mistranslated nonsense that aliens manipulated man's DNA, reptilian shit, that DM Murdoch/Acharya S. has fully debunked over and over: see here: truthbeknown. com/anunnaki. htm -the link is for Brown, if she stumbles upon this) respects and has learnt from tremendously, in fact she credits them.

[DecentralizedByGuilt]

This is in the latest video I just put up, which is Jan Irvin's (a perter J source, and mutual friend) interview, from gnosticmedia.

Your step one that you don't even care about, is explained at vote. org

But anyway, don't make up bullshit about me, you stupid fucker. btw, last word is yours, I will not be reading it. You are a waste of time,. sorry to bother you. now fuck off tool

[zeppelinesque]

I'm amazed at how many people suddenly went out and got finance degrees in the last six months. That's the only way to explain how you all became instant experts on finance and economy.

Admit it, 99% of you morons never even heard the term "fiat" before this year.

[anthrobserver]

Maaaaaaaaaaan...looking at some of the comments, no wonder the banking cartel is able to get over! People are sooooooooooooo stupid!

"What difference does it make who creates the money?" I had to read that over again! How could anybody be that freakin' STOOOOPID?!!!!!!!!

And the dummies who call her a "socialist."

She might be a socialist, who knows? That would have nothing to do with the truths that she conveys in her book. Nowhere in the book did she espouse socialism. What dummies!

[icebear1946]

If you picture a sort of a half-circle 180-degree scale for populists with Sarah Palin and Eva Peron at opposite ends of the scale, I'd assume that Ellen Brown was about 20 degrees from center towards the side with Eva Peron as the max value.

The ONLY problem I have with Brown's thesis is that she assumes a near perfect world in which everybody trusts the federal govt. In real life you'd need a massive political reform prior to or simultaneous to the monetary reform she seeks.

[olga2415]

@anthrobserver It makes a difference who creates the currency because when the fed reserve creates it, they charge interest on the fake money printed; if congress would do it as the constitution says it should, there would be no interest to be paid.

[VENGEVENGE]

A large part of this money sickstem seems to be obscuring the theft of surplus. We are taxed so we don't have full benefit of our creative bounty...a kind of fiscal mugging bit by bit. Many people are just trying to keep up...survive...tired frustrated anxious. Perfect fodder for exploited masses to be further degraded and made vessels for the ruling canabalistic classes unquenchable greed and disrespect for the many. Paracites

[picsorvideo]

Until the Fractional Reserve Banking concept becomes completely abolished from banking, it wouldn't make a bit of difference. Presidents who were assasinated in the past attempted to stop the central banks, but failed to terminate the Fractional Reserve Banking; therefore, giving the Central Banks monetary control over the government in the first place. This books sounds like a must read.

[VENGEVENGE]

holy shit

if you are not fuckin pissed off

yet your brain dead, a coward and a fool

[zwiespaltu2]

For all those interested, please look up the American Monetary Institute. Similar ideas are presented that describes the history of money and monetary reform policies.

[zb24601]

So anyone who does not agree with you is brain dead, a coward or a fool. Maybe some of us realize that Ellen Brown is just full of shit. But you are not able to see through it.

[VENGEVENGE]

I hate to judge a book by its launguage but you sir have a potty mouth and your philosophical complexity and analysis is probably just as foul.

[zb24601]

Vengevenge - Interesting that you make an ad hominem attack against me because I used the word "shit", in response to your post where use used the words "shit", "fuckin" and "pissed". If that makes me a "potty mouth", what does that make you? I would say, judging from your past posts, you are the brain dead, foolish coward.

[VENGEVENGE]

Ok your point is well taken. Choose a premise in web of debt and lets explore it?

[VENGEVENGE]

What are you psyops.....i saw your youtube site you have no videos up. What's up. You are all mouth but not guts.

Come back at me when you can digest solid food. Your a baby but don't smell the mess. Tired of sparing with yellow belts.

[zb24601]

You just love to make ad hominem attacks. The points I make can stand (or fall) on their own merits. The number of videos I have posted does not strengthen or weaken anything I say. You have shown no concept of logic in anything you have said. You are free to respond to anything, but this will be my last response to you.

[VENGEVENGE]

wow you took logic 101 the chapter on fallacies. Thanks for the last response i am tired of schooling you

[clawfish1]

nice bird calls in the back huh

[etherlass]

Ah, you learn so much more on the internet than school.

Why don't they tell you this stuff in schools?? You should!!

We need to go back to the gold standard.

[darkdemun]

the gold standard WOULD be better than what we have now, but it still would not be as good as the greenback system :D

[cureworks]

Ellen is right on the money with her book. I'm reading THE WEB OF DEBT THE SHOCKING TRUTH ABOUT OUR MONEY SYSTEM AND HOW WE CAN BREAK FREE. It's a much needed blueprint for We The People on how and why we should put the green back in greenback. This book should be on President Obama's reading list. THE WEB OF DEBT should be required reading for all who are participating in the economy and want to create abundance rather than lack in the world. The solution is We The People.

[Crusader8427]

Obama has the former president of the New York Federal Reserve Bank as his treasury sec. Obama is part of the problem like the rest of government.

[Bernd1964]

Bankers rule the world with their fictitious money, created out of thin air. Their power over peoples is based upon a long history of social-economic slavery. It's a history of peoples under the control of kingdoms which survived the time of Enlightenment. Most people accept the fraudulant money game just as they accept the sun is going up and down. It's difficult to end a big social scam that is beautifully integrated into human mentality that was unperceivedly conditioned during history.

[DDD522]

Ellen's problem is that she lacks the sound economics understanding, which leads her to infer conclusions that are simply false. it is to bad because her book actually popularizes some important information about our fraudulant banking system, but she is reaching all the wrong conclusions. She should have paid more attention to Austrian economics, because this is their specialty. Maybe then she would't reach such disaterous conclusions like "gold" doesn't work, or "socialism" for the solution.

[humfreylegge]

Ellens problem is that she cant explain her ideas clearly to a camera

[y2knoproblem]

I guess the Founding Fathers and the U.S Constitution are Socialist.

[AntonBatey]

The Federal Reserve isn't a "private" bank, it's a quazi-government bank. Other than that, Web of Debt is a great book, I just ordered it about 2 weeks ago and read it in a few days. I think Murray Rothbard had the best interpretation of the Feds to date.

[AntonBatey]

...she also doesn't think having a gold standard is the "solution", which she is dead wrong about.

[cmfluteguy]

There isn't enough gold on earth to back all the money that is needed to drive the economy. There isn't any need to back our money, because it will be created by the public securitization of a loan. It isn't about money really, it is about credit. Read her book.

[MillionthUsername]

"There isn't enough gold on earth to back all the money that is needed"

That's a common misconception. People think that a "dollar" is an actual thing. Well, it isn't anymore. If you monetize gold, you simply trade in denominations of a certain weight, that's all.

You're right that we don't need to use commodity money. What we need is free market money. The gov't should have NOTHING to do with it.

We don't need "banks" either. We don't need their fraudulent fractional reserve system.

[AntonBatey]

No, when money has a material backing, it makes money worth something other than the cloth its printed on. Youre looking at all the over inflated assets, and the "value" of things are massively inflated due to the central and frac-reserve banking. The money is fake in the first place.

So essentially we agree. Again, I though Web of Debt was a good book, dont get me wrong at all.

[jamalloyman]

You say "material backing" but gold (or any other material) has no inherent value. It is only given value when people/government says its valuable. My opinion is that money should be spent into the economy by government (created as fiat), and not lent by commercial banks (creating it as debt "out of nothing".)

[AntonBatey]

Gold is suggested by economists because of its historic value, its weight, durability, portability, etc. So although value is subjective, gold is the best (known) standard to back up money with. Fiat currency, on the other hand, is disastrous. For example, the 1913 dollar is now worth about 3 cents. It's responsible for the boom-bust cycles since it's printed by government and theres not an adequate market indicator saying how much is too much to be circulated.

[jamalloyman]

Have you watched the Money Masters? It explains why gold isn't any good on there...

It's because with gold the banks still create the money supply as debt. just like now they still have reserves, just very small ones compared with the amount of loans/debt/money the create.

the currency is printed by government, but thats only a tiny percentage of the actual money supply. 97% (in england) is debt created by banks. they did the same with gold... again i suggest the money masters!

[MillionthUsername]

Of course the Fed is private. It's owned by private corporations. To say it's "quasi-government" has no meaning except that the banking cartel was given a license by Congress (illegally) to create so-called "legal tender" money at interest. They are beyond the control of Congress. It's an absurdity.

Yeah, they appoint some people to it. So what?

They always serve the banking interest. It's a fascist monstrosity and it has nothing to do with the idea of self-government.

[AntonBatey]

The Federal Reserve and the government work together, so its as "private" as a company like Halliburton is. The government implemented the Federal Reserve, and they maintain it, and even go so far to select their Chairmen. Thats not "private", and its certainly not a bank that was the outcome of the free market - on the contrary. Since its a central bank, it's massively opposed by advocates of free market capitalism. Its clearly mercantilist.

[AntonBatey]

Also, the fact that the Federal Reserve notes are "legal tender", and establishments are forced by law (implemented by yes...government) is more proof that the Federal Reserve is not "private", but a system thats in bed with, and is partially government run.

I dont think this discredits Browns overall critique of the Federal Reserve, as in here book she mentioned Murray Rothbard a few times, and revered his analysis of the Feds.

[JoeTube27]

it's private, much of their policies are behind closed doors without congress intervening.

[MelodicNightmare]

Thanks for everything you've done ellen. This is obviously the biggest scam ever perpetrated on the people of this planet and has disabled our whole population like none other.

[dusteroo]

God damn lady

hire a spokesman

[depletable]

I have a question. Why would a government worry about paying fucking interest? For example how Lincoln fretted about paying back British banks. Why couldn't Lincoln take the money, and say, "fuck you, I'll pay you 5% interest, and you'll take that." Or not pay it back at all, fuck the bank, and make your own money after? Interest is only an idea, and I guess you could fear bankers hiring an assassin to kill you, but that happens anyways as you can see...so I guess it's about retaliation?

[rickard81]

One could argue that that was the reason you had your war of independence. To get free from the interests of European banks committed by the British. Or it was some random tea shipment :)

[ferechi]

Please take a look at the cutout of the Zeitgeist Addendum film on my You Tube site (ferechi).

[gregg941]

she is probably better at writing than she is at speaking!

[kungkekkuat]

Watch Merchant of Venice...

[sunamori6765]

A very interesting article from Ellen Brown; from yesterday, JULY 15:

webofdebtDOTcom/articles/wag_t­he_dogDOTphp

All those having doubts similar to "cafeafuh", do what "rseveran" sugested, watch these excelent documentaries:

-MONEY AS DEBT

-THE MONEY MASTERS

Watch also:

-AMERICA: FREEDOM TO FASCISM, by the late Aaron Russo.

All them available in VideoDOTgoogleDOTcom, or the YT versions, in parts.

These videos should be watched more than just once.

[stokes58]

It seems people are overlooking one simple factor in all this. Charging interest, usury, is plainly wrong. All the problems with the world finacial systems stem from this corrupt practice.

[He101A]

They have been doing this for centuries. It isn't anything new. This has been repeated 100s of times in history. More money was created than there are goods and services. When everyone tries to spend this money, we have shortages of commodities and rising prices. However, when everyone puts this money in the bank, we don't have this current scenario.

[cafeafuh]

I missed the point.

Is she saying that people/companies should borrow money only from the government, and not from the banks?

What is the difference?

[miaower2000]

Money today is created out of nothing by the Federal Reserve, then *loaned* to government for its expenditures. The Fed expects to be repaid. The Constitution says that Government can create money and spend it and not have to repay it to the Fed.

[cafeafuh]

As long as money is created, and I can't imagine a functioning economy without having money created, what does it matter who creates it?

[miaower2000]

The point is that the Fed (which is a private cartel) creates it then *loans* it to gov't, and gov't ends up being in debt and we pay for it in taxes. Gov't originally has the power to create money for its expenses (called seignorage privilege); if they created it for themselves, there wouldn't be a debt that needed to be paid. This is called debt-free money creation. The Federal Reserve Act of 1913 gave that privilege to the Fed.

[cafeafuh]

miaower200,

Thank you for taking the time to explain it to me.

I believe I now understand the technical aspect of creating money -- by the Gov vs. by the Fed.

I must say however, that it is common sense to assume that if it was the Gov creating money, and not the Fed, it would have made no difference on the economy.

In my opinion, the only thing that really matters is the quantity of money created, and not by whom.

[rseveran]

You're missing the point.

It matters who creates the money because the bankers are constantly paid interest on the ever increasing debt. The banks create money out of nothing (fractional reserve) and earn interest on it. There is NO WAY to pay off the debt. It is mathematically impossible.

If the US Gov't simply created the money and spent it into the economy, there would be no need for interest to be paid on the money.

Google video

The Money Masters

Money as Debt

[cafeafuh]

I either have a mental block, or having the Gov creating money makes no practical sense.

First, all around the world Central Banks (as the US Fed) create money. Would that be the practice if there was a better way to have a working economy? There is no "conspiracy" behind this practice.

Second, if the Gov creates money, all I can see is a shrunk economy, almost to the point that we go back to the barter system.

Seems to me this is a discussion about a theoretical option vs. a practical one.

[davidnightingale]

Lets do it with simple math:

1) Gov issues 10 dollars - puts it into economy - end of story

In option two bank creates money

2) Bank issues 10 dollars - Gov takes 10 dollars puts it into the economy. Gov now owes bank 10 dollars + Interest of say 1 dollar per year.

So where does that dollar come from to pay back the bank if the bank is the only source of dollars? Answer, gov has to tax you which would shrink the money supply, so gov must borrow more, and more and more and more....

[cafeafuh]

Thanks davidnightingale,

The mechanism is now clear, but the puzzle remains - if that is all there is to it, why is it that all over the world the Central Banks are the money creators, and not the Governments?

Will you not agree that there must a very good reason for not having governments creating money, if the cost of having banks doing it is so high?

[davidnightingale]

If you look at all the US presidents and some of the politicians who have wanted the government to create the money you will see a common theme. Many of them such as Abraham Lincoln have met untimely ends. I have not studied the rest of the world, but remember people with lots of money have lots of influence.

[cafeafuh]

I believe you are mistaken. There is no conspiracy but only economic and political sense.

Image you want to write a book that your government has no interest in, and even opposes - a book encouraging anarchism.

You have no money to have the book printed. You go to a bank, take a loan and write the book. It is the same for the car industry, and everybody else.

Without creating money that the economy needs to grow (as opposed to what the government needs to spend) we would have a barter system.

[MillionthUsername]

Credit exists apart from banks. The source is the people who do the work, not a computer with numbers in it. The wealth of the world exists apart from bankers. People just need an adequate money supply to trade with others.

You do not need an ever increasing money supply per se once the initial demand for it has been met - especially not fiat money.

That is only inflationary.

As the economy grows, a fixed money supply

will be traded in smaller denominations if productivity increases.

[rseveran]

The main reason is, like David said, the banks have the money and the power. Banking as we know it really is just flat out theft, in the form of debasing the currency. The banks are printing themselves free money.

You really would do well to watch those videos, and read about fractional reserve banking. We're witnessing the beginning of the downside of it right now. It creates the booms and busts in the economy, that's just a fact.

[MillionthUsername]

If there is no "conspiracy", then why is every central banking system a monopoly? A monopoly which is government sanctioned is by definition a conspiracy. If the gov't says only Wal-Mart can sell food, that's a conspiracy. Simple.

Anyone can create a monetary system. It is a service (accounting) and a product (currency). It unites buyers and sellers, enabling them to make multilateral trades without being limited by direct barter. Think of it as a large trading club using debits/credits, etc.

[MillionthUsername]

There was gov't and private money long before the Federal Reserve Act in 1913. Constitution says states can't make anything but gold and silver legal tender. This limits gov't to creating real money which they must acquire first like everyone else. They can't will it into existence.

Private banks issued notes on their deposits of gold and silver.

You miss the point that the population is

continually ROBBED of their wealth through

inflation. The 1913 dollar is now worth $.02!

[cmfluteguy]

Ellen has a simple way out. Coin 9 coins each worth 1 trillion dollars and use that to pay the Fed off. The Fed has to accept that because the federal government decides the value of the coins that it creates.

[MillionthUsername]

First, you're a little behind the times. I think it's more like 11 trillion and rising.

Second, the gov't cannot "decide the value of the coins that it creates". That's twisting the Constitution. That's not what "regulate the value thereof means". The founders did NOT give the feds the power to print money like that! That's the very reason it says "to coin"! Regulation of value is to set weights and measures of gold and silver to the "dollar" concept so it's easier to trade.

[Rationalific]

I would think that she was lying if I didn't know that she was telling the truth. The monetary system and peak oil (which I've known about since a barrel of oil was $50) are the two most underreported ideas. If we knew how duped we were, we would demand change. I guess that's why we never find out. On the other hand, the average person should be blamed to an extent for not trying to find out, as it's all here on YouTube. Terrifyingly, it's not the mainstream media that is most trustworthy.

[Roylamx]

Rationalific, you've got to see "Energy Non Crisis" by Lindsy Williams on google vid, (or read the book) he explains the creation of the myth of Peek Oil by the Oil Companies.

[truthsabre7]

Nothing turns me on more than a smart woman.

Great video.

[EVCarolina]

We are not in Kansas anymore.  Yes, insightful. Thank you.

[2resist]

Kennedy wanted silver backed money, 6 months after his assasination silver backed money was done away with.

[Convisis]

It's a great book! Another great book is the Creature from Jekyll Island, but Ellen's book is more up to date with the current financial situation. And... her book doesn't recommend a return to the gold standard, which was actually kept on buy central bankers as a means of leverage. She proposes a return to NON DEBT Govt. Greenback currency - NOT OWED BACK TO CENTRAL BANKERS.

[2resist]

The same monetary system that got Lincoln killed.

[KamikazeKoscki]

Insightful!