The amounts of money that benefit the financial class by maintaining our current "debt based" money system is staggering. According to the US Treasury, the amount of interest we have paid on the " Debt Outstanding " since 1988 is more than $8.2 trillion. To better understand the scope of that figure, that would be $8,200 billion! Our interest payments on the debt are projected to continue to grow if nothing is changed. Can you imagine what could be done for our nation with all that money? Education, healthcare, infrastructure, space exploration, alternative energy sources, research & development, lower tax rates, to name just a few. Add to that the fact that with huge debt overhang, we would not be at the mercy of the global bankers in this time of economic crisis. In fact if we eliminated fractional reserve lending , and had a "wealth based" money supply, there would be no crisis.
We need to start laying down the foundations of a movement BEFORE the inevitable next economic crisis hits us. People need to become aware that in the past we had a better system. This can be accomplished through education, independent media, and word of mouth. It is time to end the illusion that our current "debt based" system works for the benefit of everyone.
Madison wrote in 1789, "That the people
have an indubitable, unalienable, and indefeasible right to reform or change
their government whenever it be found adverse in inadequate to the purpose of
its institution." How can patriots
allow such a system to continue to exist? I would encourage people to take a
break from mass entertainment and to become more familiar with the concept of a
"wealth based" money system. These are some good places to start:
The free YouTube video: "Secret of OZ", by Bill Still http://www.youtube.com/watch?v=swkq2E8mswI
Review: Having private banks create money is the root economic cause of world poverty, ignorance, hunger, and much preventable disease. We can fix this. We can fix it in a matter of months -- a year at most -- if we have the will. We can make our government the most financially sound in the world -- nearly overnight. All we have to do is to take back the power to create and control the quantity of money from private banks (including the privately-owned Federal Reserve banks) and put that power back into the hands of the Congress of the United States where it was under Presidents Jefferson, Jackson and Lincoln.
The book: "The Web of Debt" by Ellen Brown
Review: Ellen Hodgson Brown may have done the impossible. She wrote a book about the most stupefying subject in the world - money, where it comes from and how it is manipulated - and made it readable, compelling, even suspenseful. Web of Debt is a page-turner that explains the origin of the Federal Reserve, the functioning of our money supply, currency speculation, capital flows, and the rest. As you read, interest grows like a Wall Street bonus package.
The book: "Modern Money Secrets" by Byron
Review: For the first time ever, I see a potential solution to our debt black hole. Most financial "experts" don't get it. The Ivy League ones get lost in flawed neoclassical economics so they can't see the obvious, and the ones wearing suits on TV are just propagandists. Byron makes it real clear: no money gets into circulation without going into debt to a bank. There is no other source. The United States issues no sovereign money! Therefore Americans are not free people. It is time for us to admit the truth and either do something about it, or stop blowing up stuff on the 4th of July believing a myth.
The organization: The Public Banking
Since its founding little more than a year ago, the Public Banking Institute has become a significant force that is helping to turn banking and finance away from fraud and predation back toward their intended objectives of promoting general prosperity and the common good. According to the PBI website, PBI's vision is to establish a distributed network of state and local publicly-owned banks that create affordable credit, while providing a sustainable alternative to the current high-risk centralized private banking system. (beyondmoney.net)
The organization: American Monetary
The power to create money is an awesome power -- at times stronger than the Executive, Legislative and Judicial powers combined. It's like having a "magic check book," where checks can't bounce. When controlled privately it can be used to gain riches, but much more importantly it determines the direction of our society by deciding where the money goes -- what gets funded and what does not. Will it be used to build and repair vital infrastructure such as the New Orleans levees and Minneapolis bridges to protect major cities? Or will it go into warfare and real estate loans creating the real estate bubble -- leading to a crash and depression.