The process by which money comes into existence is thoroughly misunderstood. And for good reason! It has been the focus of a highly sophisticated and long-term disinformation campaign that permeates academia, media, and publishing. The complexity of the subject has been intentionally exploited to keep its mysteries hidden. Henry Ford said it best:
“It is well that the people of the nation do not understand our banking system and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
This book, Web of Debt by Ellen Brown, gives a blow by blow account of how a network of private bankers has taken over the creation and control of the international money and banking system and what they are doing with that control. Credible evidence is presented of a world power elite intent on gaining absolute control over the planet and its natural resources, including its subservient “human resources” or “human capital.” The lifeblood of this power elite is money, and its weapon is fear.
The whole of civilization and all of its systems hang on this fulcrum of the money power. In private hands, where it is now, it can be used to enslave nations and ensure perpetual wars and bondage. Internationally, the banksters and their governmental partners use these fraudulent economic tools to weaken or defeat opponents without a shot being fired. Witness the recent East Asian financial crisis of 1997 and the Russian ruble collapse of 1998.
Web of debt
Economic means have long been used to spark wars, as a pretext and prelude for the money power to stock and restock the armaments and infrastructure of both sides. Brown’s book is thus about more than just monetary theory and reform. By exposing the present unsustainable situation, it is a first step toward loosening the malign grip on the world held by a very small but powerful financial faction.
The book can serve to spark an open dialogue concerning the most important topic of our monetary system, one that is practically off limits today in conventional economic circles due to intimidation and fear of the consequences an honest discourse might bring. Brown is not afraid of stepping on the black patent leather wingtips of the money power and their academic economist servants.
Her book is a raised clenched fist of defiance and truth smashing through their finely spun web of disinformation, distortion, deceit, and boldfaced lies concerning money, banking, and economics. It exposes the covert financial enemy that has gotten inside the gates of our Troy, making it our first line of defense against the unrestricted asymmetrical warfare which is presently directed against the world.
It shows that ending the debt-money fractional reserve banking system and returning to an honest debt-free monetary system could provide Americans with a future that is prosperous beyond our imagining. An editorial directed against Lincoln’s debt-free Greenbacks, attributed to The London Times, said it all:
“If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
A devious scheme
The international bankers have succeeded in doing more than just controlling the money supply. Today they actually create the money supply, while making it appear to be created by the government. This devious scheme was revealed by Sir Josiah Stamp, director of the Bank of England and the second richest man in Britain in the 1920s. Speaking at the University of Texas in 1927, he dropped this bombshell:
The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin. … Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. … Take this great power away from them and all great fortunes like mine will disappear. For then this would be a better and happier world to live in. … But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.