The Web of Debt

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Robbrian's picture
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Joined: May 21 2009
Posts: 22
The Web of Debt

Chris has added his genius to that of others on the subject of financial limits.  The population at large still remains unaware of the peril about to consume this world. If there is a solution that can be politically acceptable it must come from historical precedent, as a variant of what once worked and with adaptation can be modernized to accommodate today's complex world. Such solutions can be found in a wonderful book authored by Ellen H. Brown and is a perfect compliment to Chris's Crash Course Series.

In her superbly researched book, which took five years to complete, Ellen H. Brown's 2007 publication of "The Web of Debt" gives a blow by blow account of how a network of private bankers has taken over creation and control of the international money system and what they are doing with that control. She presents a range of solutions that will truly open a careful readers eyes to what is feasible in these troubling times. 

 An editorial directed at Lincoln's debt-free Greenbacks, ascribed 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.

Web of Debt unravels the deceptions in our money scheme and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book.

Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as "derivatives," which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn't enough money in the entire global economy to bail out the banks from a massive derivatives default today. When the investors realize that the "insurance" against catastrophe that they have purchased in the form of derivatives is worthless, they are liable to jump ship and bring the whole shaky edifice crashing down.

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pinecarr's picture
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Re: The Web of Debt

Hey Robbrian-

   I purchased The Web Of Debt some months ago, but hadn't gotten  around to reading it yet.  You've sparked my interest in moving it to the top of my book-queue!

ao's picture
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Joined: Feb 4 2009
Posts: 2220
Re: The Web of Debt

Excellent book.  It has been recommended numerous times and discussed at length here previously.  Content is very good with only minor inaccuracies but solutions at the end are weak.

Thomas Hedin's picture
Thomas Hedin
Status: Platinum Member (Offline)
Joined: Jan 28 2009
Posts: 815
Re: The Web of Debt


If you want hardcore real solutions the only book worth reading is Modern Money Secrets (and the way out of catastrophic debt) written by Bryon Dale.

Dante's picture
Status: Bronze Member (Offline)
Joined: Jan 22 2009
Posts: 31
Re: The Web of Debt

Here is a link to "Two Beers with Steve" and his interview with Ellen.  It was very informative.


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