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America may have won the Revolutionary War, but it has since lost one of the main things it fought for: the freedom to create its own credit instead of having to beg for credit from private banks at a usurious cost.
As economic writer and attorney Ellen Brown has tried to teach to Obama, Schwarzenegger, and anyone else who will listen, the way out of the economic crisis is to stop paying interest to private banks for the creation of credit, and to return to the system of government-issued credit used by the Founding Fathers to create prosperity for the people and to gain independence from their oppressors.
And see this.
Postscript: The Smithsonian gives an interesting description of the origin of America's monetary program:
Unlike the Spanish colonists to the south, the English settlers of our original thirteen colonies found no gold or silver among the riches of their new land. Neither did they receive great supplies of gold and silver coins from Britain - money was supposed to move the other way, to the mother country, in exchange for goods. The monetary system in the colonies was "notable because it was based on thin air," says Smithsonian numismatics curator Richard Doty in his book America’s Money, America’s Story. To make up for the lack of currency, the colonists would "replicate and create, try, reject, and redesign every monetary form ever invented anywhere else."Necessity is often the "mother of invention". Whether or not the monetary system was created out of trial and error and scarcity-based necessity, it was a very productive system.
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