by Ellen Hodgson Brown
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Product Description
EXPLODING THE MYTHS ABOUT MONEY Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions -- including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices -- and robbing you of the value of your money. Web of Debt unravels the deception 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.
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Average Customer Review:
1 of 1 people found the following review helpful:
The most important book of our time!, 2008-09-03
Ellen Hodgson Brown has proven herself an absolute genius! I specialized in foreign languages in university, but economics was one language I really had no interest in, until recently, when I was awakened to the mass corruption governing our world and ultimately our lives. This book explains clearly and in an easy-to-understand manner WHO controls our money supply, who and what forces are and have been responsible for or behind the rise and fall of various currencies over the past decades, and why ours is going to be next. She also shows us a way OUT of the global economic crisis we now find ourselves in and proposes a number of possible and legitimate alternatives to the corrupt fractional reserve banking system that is sinking the American people deeper and deeper into debt, impoverishment, and enslavement. There ARE other alternatives! There IS a way OUT, but it is NOT, I'm sorry to say, the gold standard that so many people, most notably Mr. Griffin, author of "Creature from Jekyll Island", are hailing as the ultimate solution to our economic woes. Gold and silver backing didn't prevent the Great Depression! Gold and silver are just as open to manipulation by the people who CONTOL it! It's the fractional reserve system and the banks creating money out of NOTHING, and then charging US for it, that are to blame!
The original money used by the colonies was NOT backed by gold, and those were times of unprecedented prosperity! We were prosperous because we printed our OWN MONEY! That's the key! Gold and silver backing will do nothing until we get rid of fractional reserve banking!
To sum up, I have learned SO much from this book! I learned more from reading this one book than I did in all my years of public school education! This is a MUST-read for ALL who are interested in securing our release from the Web of Debt that currently has entangled us all.
1 of 1 people found the following review helpful:
The Lights Are Coming On, 2008-08-28
Someone searching for this book will probably already be familiar with books such as Creature From Jekyll Island and The Money Masters. For them, this is a good refresher book with a material pertaining to our current mortgage and debt bubbles. For those who are only now starting to try and figure out what is going on in our world and where the money is going, this is a great start. The author of this book has managed to provide a brief history and diagnose the current failures in our financial institutions while showing us that there is a way out and towards a more prosperous world in an entertaining manner. Read this book and then pass it on.
1 of 1 people found the following review helpful:
web of greed, 2008-08-18
A shocking eye opener about the united states monetary system and the effect on other nations around the world. Ms Brown,.J.D. does an excellent job explaining the confusing details of a system set up by private bankers to control the world wealth. This monetary policy is deliberately complicated to keep the truth from the United States citizens. Making the US dollar payable for oil from Opec was a master stroke. The federal reserve system is not the US government but private bankers. This book is full of history about the political climate and the parts played by presidents Hamilton and Jefferson and the bankers of England. I had to read some chapters twice,especially about the stock market. This is fantastic stuff. I think the euro will replace the dollar. I learned a great deal about finances. Thanks for a very good book. Robert Redding
1 of 1 people found the following review helpful:
Crisis leading to opportunity--Web of Debt shows how..., 2008-07-16
Web of Debt provides a clear, detailed understanding of our money system--This system is clearly in crisis but what Brown shows through this book is that we can clearly transform what looks like a crisis into an incredible opportunity to institute changes in a system that is collapsing and as a result, come out the other end better than ever.
Its terrific!
1 of 1 people found the following review helpful:
Web of Debt predicts all our current banking woes. , 2008-07-16
Helen Brown's book in the most important book I've read in years. She predicts all of our current banking woes. What is a hedge fund? Now I know. What are derivatives? Now I know. Why are Fannie May and Freddie Mac almost insolvent? Now I know. Helen predicts that they will both "vaporize." I hope everyone is paying attention. This is one of the most important books out there. If I were I stock investor I'd have known years ago to sell. Had I been able to invest in gold and silver, Helen told me to do so years ago when I read her book. It's all falling apart right before our eyes and if you want to know why, read this book.
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