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For more information, see the writings of a variety of money reformers including David Korten, Richard Cook, Stephen Zarlenga, Michael Hudson and this author; articles collected at www.webofdebt.com/articles and www.GlobalResearch.ca; the documentary videos “The Money Masters” and “Money as Debt;” and proposed legislation by Congressman Dennis Kucinich to nationalize the Fed, and by Congressman Ron Paul to audit it (HR 1027).
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Notes:
1. See Ellen Brown, “Borrowing from Peter to Pay Paul: The Wall Street Ponzi Scheme Called Fractional Reserve Banking,” www.webofdebt.com/articles (December 29, 2008).
2. Congressman Charles Binderup in a 1941 speech, “How America Created Its Own Money in 1750: How Benjamin Franklin Made New England Prosperous.” Binderup quotes historian John Twells on this point.
3. E. Brown, “Turning the Tables on Wall Street: North Dakota Shows Cash-starved States How They Can Create Their Own Credit,” www.webofdebt.com/articles (March 11, 2009).
4. Chris Powell, “Fed Refuses to Disclose Recipients of $2 Trillion,” GATA (December 12, 2008).
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