Web of Debt - Ellen Brown - 5 of 5

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[valhala56]

This is like realizing that you have been in a enoumous Ponzi scheme your whole life and didn't know it. The scheme is so woven into the fabric of life that pretty much everybody assumes that a fake reality is truth.

[kakarott829]

I've read the book. It's been an eye-opening experience.

I've always wondered why there is such an imbalance in the world (the rich become richer and the poor always seem to have less). Also the topic of money creation and circulation had always been an blurry one and nobody had a clear explanation. This book brings a shed of light about this subjects.

I think is a good idea to have more diagrams and charts about this loans, money creation processes as a better way to understand it.

[jimmyrtle]

@lkeiger Probably because Ellen is wrong wrong wrong

and Erika is oh so right.

[jimmyrtle]

@EscapePlatosCave "It would be better because then all money would not be created as DEBT"

The government doesn't pay interest on newly created money, so why would the government benefit?

"Google any fact check site for who owns the Fed and you will see it is owned by private banks"

Find out how much the private banks received from the Fed last year and compare it to how much the Treasury received from the Fed last year.

"I'm DONE"

No kidding. I blame the public schools.

[EscapePlatosCave]

@jimmyrtle It would be better because then all money would not be created as DEBT, which you would understand if you were capable of understanding anything and had actually watched the whole video. Google any fact check site for who owns the Fed and you will see it is owned by private banks. You're just wrong, and obviously just a troll desperate for someone to talk to by making crap up. I'm DONE.

[jimmyrtle]

@EscapePlatosCave Money is created by fractional reserve banking, just as it has been for hundreds of years. So what? The Fed also creates money out of thin air when they purchase securities. So what?

Why would the Treasury directly creating and spending money be better?

The Fed is part of our government, created by the Congress, signed into law by the President.

It is not owned by private banks.

I win by pointing out your and Ellen's false, made up facts.

[EscapePlatosCave]

@jimmyrtle Your denial of basic facts makes further discussion pointless. Tell us if you can any way money is created other than via fractional reserve banking and the multiplier effect. The Fed is not really part of our democratic government, it is owned by private banks. So if you think by continuing to state false made up facts that you win - then YOU WIN!

[jimmyrtle]

@EscapePlatosCave I'm not a slave to private banks, are you?

Banks can't pring money and they can't put everyone else in debt.

You don't think the Fed follows the Constitution?

What do you think the Fed does with their earnings?

[EscapePlatosCave]

@jimmyrtle you can't fix people who enjoy being slaves to private banks either, who always mindlessly defend the status quo, who prefer allowing banks to print money by putting everyone else in debt to what the Founding Fathers and Lincoln did, following the constitution, directly creating currency to build the infrastructure or fight a war, instead of you brilliant preference - letting corrupt banks create the money and borrowing it from them.

[jimmyrtle]

@EscapePlatosCave

Printing money in order to waste it on liberal boondoggles is a good idea?

You can't fix stupid.

[EscapePlatosCave]

@jimmyrtle Um, just repeating a good idea and following it with "LOL" is not actually making a point. You have to give a reason it's a bad idea, otherwise you're just a troll looking to get a reaction because you have nothing else going on in your life. The rest of us are here hoping these ideas can get the world to where it should be - enjoying prosperity enabled by unprecedented technology/productivity. You really think the economy is going well? You must be an 8 yo with rich parents.

[jimmyrtle]

@EscapePlatosCave I don't need to see examples of fiat currency.

Our system works better than her recommendation would.

She wants the government to print money to pay for low income housing or "green energy"

Great idea. LOL!