Online Journal Piece On Ellen Brown Book, 'Web of Debt' Options

[Sanders]

The article is very complimentary of Brown and summarizes her talking points.

The government is in debt to private banks that pretend to have money
By Ann Tulintseff
Online Journal Contributing Writer

Mar 2, 2009, 00:20

Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
By Ellen Hodgson Brown
Third Millennium Press; Rev Exp edition (December 22, 2008)

If there is one book, one newspaper, one blog, one article, that one should read to understand the current economic crisis, to understand the root of the problem, and to understand its solution, it is “The Web of Debt: The Shocking Truth About Our Monetary System and How We Can Break Free,” by Ellen Hodgson Brown...

...In “Web of Debt,” Brown explains our current “debt-based” private banking monetary system and its history, and the ominous role the private bankers have played in shaping national and world events for their own benefit, amassing great wealth and power, and the myth of the free market and the current events on Wall Street, all with fascinating, highly referenced, and understandable detail. She explains that much of history has been a struggle between the public interest and private banks, connecting the dots with a tale of intrigue that leaves the reader enlightened with how the world really works.

...Now that the banks are insolvent and the system is collapsing, the public must educate themselves immediately at this opportune time and collectively unite against the powerful banking interests to implement changes to our system that serve the public good. The book is an absolute must read and relevant to people of all political stripes. The only ideology presented is one of fairness, integrity, and common sense.

[Cary]

There are some videos of Ellen Brown presenting some of what is in her book, which can also be found online if you want to read it. Here are the video links, about 10 minutes each.

http://www.youtube.com/watch?v=QU0XiklHPMc

http://www.youtube.com/watch?v=3_ZbEVfKJ1w...feature=related

http://www.youtube.com/watch?v=g2EY6enOz74...feature=related

http://www.youtube.com/watch?v=kPmPLmtreAU...feature=related

http://www.youtube.com/watch?v=mHm_rtTwNYA...feature=related


Here is the readable book online link.

http://books.google.com/books?id=ILMGrEC52...4&ct=result

The videos are excellent for waking people up.

[Sanders]

I had a hunch you were hip to Ellen Brown (IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/wink.gif)

Thanks for the links Cary, I had never heard her talk before. Watching those now ...
(IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/thumbsup.gif)

[Cary]

I had a hunch you were hip to Ellen Brown (IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/wink.gif)

Thanks for the links Cary, I had never heard her talk before. Watching those now ...
(IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/thumbsup.gif)

Actually, I hadn't heard of her before reading your post. So, as Elvis would say, "No, thank yoouuu" for bringing her work to my attention. She has laid out the whole scam in an easy to understand and comprehensive way.

[KP50]

Thanks for the online book link Cary, I'd read the 2 chapters that were online at her website and can now find some time to trawl through the rest of it.

[Sanders]

I'll tell you, Ellen Brown cleared something up for me that had bothered and confused me for a long time. People go on about how the FED is private, but then I heard Peter Schiff and others explain that the FED gives their profits back to the Treasury. And I checked, and it does seem to be the case that the FED gives all their profits back to the government. So what's that all about?

The catch is, as Ellen Brown explains, the stockholders of the FED (the stocks of which are not publicly traded) get a guaranteed 6% dividend on their shares.

If I'm misinterpreting that please someone correct me (IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/wink.gif) .... but I think that's the case.

[lunk]

Why nationalize all these different banks and insurance companies,
when all you really need do is nationalize your one federal reserve?

imo, lunk

This post has been edited by lunk: Mar 13 2009, 11:43 AM

[Sanders]

This short Q&A with Brown is great too (IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/yes1.gif)

In this and in part V of the above presentation she proposes an amazingly simple solution to our problems which would drive the FED out of business and force the bloated Federal Government to make big changes. It would cut the rug out from under the banksters and their politician minions in a heart-beat.

She doesn't say it explicitly, but she does suggest what would work.

We talk alot about a community currency based on gold or silver, but Ellen Brown makes the point that paper money in and of itself is not bad, the problem with it is we let private banks print it, and they do it through loans which doesn't create the money to pay the interest, hence guaranteeing that the money supply must always be inflated for the economy to remain viable. The solution could be as simple as the states printing their own money. They already have the power to do this under the constitution.

(IMG:http://pilotsfor911truth.org/forum/style_emoticons/default/wink.gif)

[KP50]

Hi Sanders,

Yes that is what I took out of reading the first half of her book online (long preview, but I'll have to find a real copy for the rest). The Government prints money to keep up with the growth of the economy. Simplistically, as production increases, more money is issued to keep the value of the money in circulation fairly constant.

[Sanders]

The Government prints money to keep up with the growth of the economy. Simplistically, as production increases, more money is issued to keep the value of the money in circulation fairly constant.

That's the right-ish way to do it. The reason our money system can't work over the long-term is that money is loaned out at interest without the money to pay the interest being introduced into the money supply along with the principle. It has to be gotten with new debt, and that requires inflation which leads to bubbles. (The way I understand it.)

What the gold standard does is limit the government's ability to inflate the currency to fund their mischief. But the gold standard isn't necessary to have sound money - the money supply just has to stay in line with the size of the economy, i.e., goods and services.

The Pennsylvania method is the smartest thing I have ever heard.