Nonfiction

Web of Debt: The Shocking Truth About Our Money System -- by Ellen Hodgson Brown

By Ellen Hodgson Brown

This ebook exposes vital, frequently obscured truths approximately our funds procedure and our monetary previous and destiny. Our funds isn't really what we were ended in think. The construction of cash has been privatized -- taken over by means of a personal funds cartel. it's all performed through sleight of hand, hid by means of monetary double-speak. "Web of Debt" unravels the deception and provides a crystal transparent photograph of the monetary abyss in the direction of which we're heading, declaring the entire signposts. Then it explores a viable substitute, person who used to be established in colonial the United States and is grounded within the better of American fiscal idea, together with the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care approximately monetary safeguard, your individual or the nation's, you might want to learn this ebook.

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Extra resources for Web of Debt: The Shocking Truth About Our Money System -- The Sleight of Hand That Has Trapped Us in Debt and How We Can Break Free

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The streets were lined with beautiful houses all built of green marble and studded everywhere with sparkling emeralds. They walked over a pavement of the same green marble, and where the blocks were joined together were rows of emeralds, set closely, and glittering in the brightness of the sun. . Everyone seemed happy and contented and prosperous. – The Wonderful Wizard of Oz, “The Emerald City of Oz” F rank Baum’s vision of a magical city shimmering in the sun captured the utopian American dream.

You may think that the press can pin him down. In fact, we have no access to him. No press conferences or 23 Chapter 2 - Behind the Curtain interviews are allowed. 1 Sperry quoted another Fed-watcher, who remarked: Here’s this guy, projecting this huge brain, and everyone’s in awe of him. 2 Why is it necessary for the Federal Reserve to act behind a curtain of secrecy, independent of congressional oversight and control? Supposedly it is so the Fed can take actions that are in the best interests of the economy although they might be unpopular with voters.

Treasury. 6 trillion surplus by the end of the decade, many people got the impression that the federal debt had been paid off; but this was another illusion. 6 trillion budget “surplus” never materialize (it was just an optimistic estimate projected over a ten-year period based on an anticipated surplus for the year 2001 that never materialized), but it entirely ignored the principal owing on the federal debt. Like the deluded consumer who makes the minimum monthly interest payment on his credit card bill and calls his credit 33 Chapter 2 - Behind the Curtain limit “cash on hand,” politicians who speak of “balancing the budget” include in their calculations only the interest on the national debt.

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