political and economic strategies this country is pursuing are
not sustainable and the folks who hold the reins of power know
it. They are pursuing strategies designed to
facilitate the ability of big money interests to drain as much
wealth as possible from those who have the least political
clout to those who have the most and they will take those
strategies as far as they possibly can.
In the eyes
of power brokers, the weaker, less educated, and more
distracted a general population becomes the more pliable,
complacent, and compliant they become. But these
parasites know that there is a limit to how far they can suck
the blood out of a body before it drops over dead.
When theyíve taken things as far as they can, the rules of
the game will change and the body will be savedÖ and then
the blood sucking will continue along different lines.
But our economy is not going to collapse. The
question is, is it possible to get the blood suckers off our
know if thereís enough fight left in you and others to want
to put an end to this death spiral but if there is, itís
important to know this: Yes, there are solutions
available that could turn this state of affairs around very
quickly if we all only understood what needs to happen.
The ruling elite doesnít want us to know what those
solutions are and theyíre doing everything possible to make
sure we never understand what we can do to help ourselves.
But in a few words, Iím going to tell you right now what the
problem is and what you can do about it:
Reserve System that was put in place early in the century was
actually a political coup engineered by the most powerful and
wealthiest industrialists and financiers in the country.
Their design insures that as time goes on, power is
continually usurped from the People and transferred to them.
Reserve is not a federal institution. It is not
part of the government. It is not controlled by
the government. The words Federal Reserve was the
name they picked for this private organization to fool us into
thinking it is part of the government, to lull us to sleep.
It is as simple as that. It was a political coup.
There was an internal fight among the powers that be at the
time as to how the money supply was going to be managed.
The logical and rational direction to go would have been to
have the government control the money supply. On
the other side were the big money interests who knew, that if
they were able to control the money supply, they could
eventually control the entire political landscape.
The big money interests tricked the more naÔve lawmakers into
turning that power over to them. Once these seeds
of destruction were planted, the die was cast and weíre now
living with the results.
Reserve System has the power to create money out of nothing.
And I mean that literally. The myth that most
people believe intuitively, is that when a bank lends you
money, itís their money or someone elseís money they are
lending. It isnít. Itís money that
never existed before. You sign a loan agreement
and they post a dollar amount into your bank account with the
click of a few computer keys. There are accounting
entries that balance out the illusion. When you
spend the money that was put in your account, the recipient of
that money makes a deposit to their bank account.
That bank now has the authority to create money out of nothing
too. Almost all of the money in circulation today
was created this way. For all intents and purposes
all of the money in circulation is debt. And
someone is paying interest on all that debt. And
the recipients of those interest payments are the banks who
lent the money out. If you are an owner of
The Bank itís a pretty good deal because the borrower is
paying you free money, i.e., paying you for doing nothing and
risking nothing. (Iím over simplifying.
But when you look at all the complexity and boil it down to
how things really work, what Iím telling you is essentially
how it all plays out.) How can big money interests
pay their top people millions of dollars a year; how can big money interests bring down the economies of this
nation and other nations? Öthey can do it because they get
paid enormous sums of money for doing almost nothing of value.
And they use that money to accumulate even more. The purpose
of the Fed from their point of view is to maximize their own
power and wealth. And by the way, since
money is debt, you canít eliminate the national debt without
eliminating the money supply. So all the talk you hear
about the national debt and paying it down is, in and of
itself, a lot of hot air, smoke, and mirrors. So
what would the alternative look like?
several possibilities, but one alternative would be for the
government to own the Fed and the affiliated banks (The Bank).
The government would not have to borrow money because the
money the Fed creates would already be owned by the
government, so there would be no debt. And money
lent to corporations and individuals would be loaned by a bank
that looks pretty much like the bank you now do business with
except that your interest payments would go to the government
(i.e., The People) and not into private hands. Now
what good would that do? Well, for one thing those
interest payments could be used to improve the country's
infrastructure, upgrade schools, fully fund social security,
Medicaid and Medicare and generally improve the lives of
So how could
the government own The Bank? By writing a check to
The Bank to pay off and cancel all the outstanding debt.
Well wouldnít this create a great amount of inflation?
No. Wouldnít this turn us into a socialist
society? No, not any more than the post office
makes us a socialist nation. There would still be
financial institutions just like thereís still UPS and FedEx
even though thereís a post office. Well, isnít
a lot of our debt owed to foreign governments.
Yes. We would pay them off too in US dollars to
cancel the debt and they would be happy to get it. Well
wouldnít they just use those dollars to buy debt form other
countries. Maybe some of it, but so what.
If you want
to know how all this currently works (in greater and more
accurate detail than Iíve just offered), and how it could
work if we want to regain our democracy, read this book: The Web
of Debt by Ellen Hodgson Brown, JD. The
book is extremely well written and well documented and not
difficult to read even though the book is over 500 pages long.
The reason itís over 500 pages long is that it goes into
great detail to answer the questions and the doubts that are
probably already popping into your head. Reading
this book could save your ass, if not your life.
alternative is to wait until the banking cartel turns us and
our children all into debt peons who will never know financial
or political freedom again. This is probably our
last chance. Letís not screw it up.
if we try to get the people who currently hold office to turn
things around, we will be shooting ourselves in the foot.
They are already bought and paid for. And as long as
untrustworthy people hold positions of power they can gum up
the works. So the task ahead is not an easy or simple
But at least
we now know there are known viable solutions to some of our
most intractable problems, and that ought to give us enough
hope to stand on our own two feet and try to recapture our
heritage. Read the book and offer it to others if
you think it has the potential to be as important as I think
it could be.
You Need to Know to Save Your Ass - Part 2
What You Need to Know to
Save Your Ass - Part 3
tube video: The
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