I am looking for opinions on Ellen Brown's Web of Debt. She is an American lawyer who traces the history of the he gives examples of when govenrment directly created money (for example Lincoln's green backs during the civil war) and how the Federal Reserve is a coalition of major banks and that they set monetary policy (including interst rates) rather than by government.
[url=http://www.comer.org/2009/2009a/webdebt.htm]"WEB OF DEBT" A VERY AMERICAN PERSPECTIVE ON MONEYS ESSENCE[/url] by William Krehm
“David had stood up to Goliath, but the real threat to international bankers was Malaysias much more powerful neighbor to the north. The Chinese Dragon was not only still standing; it was breathing fire.”
Yes, that is a quote from the book. Any analysis of it? Thanks.
Well if Krehm's book review is anything to go by, I'd skip the parts where Brown discusses the Russian revolution. Sounds like she draws on propaganda sources for that end of things. And that's okay because she is American herself. It's all good.
I think that the Fed was privatized some time after turn of the last century. Capitalism is what they do. And it's quite a thing to behold nowadays.
Our Bank of Canada, otoh, is still nationalised as of 1938. Our guys just choose to ignore that fact as well as its original purpose to balance fuller employment(populism) with money policies(private interests) in favor of jigging interest rates and pursuing monetarist policies, and which favour private interests over populism, since about 1975 or so.
I am looking for opinions on Ellen Brown's Web of Debt. She is an American lawyer who traces the history of the he gives examples of when govenrment directly created money (for example Lincoln's green backs during the civil war) and how the Federal Reserve is a coalition of major banks and that they set monetary policy (including interst rates) rather than by government.
- in my opinion, it should be necessary reading for everyone who wants to understand what is going on in our society. I have a longer sort of essay concerning how the money creation process impacts us here in Canada if you are interested - What Happened? http://www.rudemacedon.ca/what-happened.html . It is, I think, the most important issue facing us, because *everything* the current world governments are doing is based on 'debt', and it is all a great scam. Which very, very few people seem to understand.
I've thought about moving from banker-created money to government-created money as a useful step in reclaiming control from banker rule. After 1938 we used government-created money to some degree, and it got us out of the Great Depression. However because we allowed bankers to continue creating money to some degree, within a couple of decades they regained control and were well on their way to destroying the economy again.
It was bankers who caused the inflation which neoliberals inaccurately blamed on government spending. Government money was recycled into use in jobs, increased health and social supports which allowed people to function in the economy.
Banker money made life difficult for most people.
To avoid making a similar mistake we would be wise to move to 100% government-created money as a step away from banker rule and a step toward replacing money entirely.
A goal is time credits instead of money and non-monetary limited eco-use units instead of pricing.
Thanks SiamDave for the link to the article. After reading the book I have even more of a sense of how unreal our monetary system is and yet it's these really scary politicos who are pushing the monetary reform agenda in the political arena. There seems to be this assumption or conclusion that corporate control is the result of government collusion and therefore government is bad and it needs to be hobbled. Of course the government can be hobbled through the election of right-wing libertarians. And then we are left with an even worse situation.
A goal is time credits instead of money and non-monetary limited eco-use units instead of pricing.
That sounds interesting.
The LETS system of community dollars in Courtney does a similar thing.
Moving to the babble book lounge.
