Web of Debt: The Shocking Truth About Our Money System -- The Sleight of Hand That Has Trapped Us in Debt and How We Can Break Free
by Ellen Hodgson Brown
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Book Summary Information
Author: Ellen Hodgson BrownEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-07-25
ISBN: 0979560802
Number of pages: 524
Publisher: Third Millennium Press
Book Reviews of Web of Debt: The Shocking Truth About Our Money System -- The Sleight of Hand That Has Trapped Us in Debt and How We Can Break Free
Book Review: highly recommended
Summary: 5 Stars
If you wish to learn more about who really runs this troubled world, then read this book and reflect carefully upon its contents. If you have wondered, as I have, why the whole world - governments, corporations and individuals alike - is increasingly mired in debt, then read this book. If you think naively that banks are basically brokers who mediate between depositors and borrowers, then read this book. It will show you how you are fundamentally mistaken. If you think that you understand what money is and how it comes into being then you are probably wrong again and this book will tell you how and why. Its publication is timely as the debt-ridden world financial system now strains to cope with the US subprime debacle. If you have been lured into borrowing more than you can repay and you are about to lose your house, then read this book to understand more deeply your predicament. If your pension fund or your savings have been disastrously invested in risky and maybe now worthless securitized debt then this book will help you to see where your hard earned money has gone and who has benefited.
Although The Web of Debt is mainly about the US banking system and the US dollar, its message that the money supply is in the hands of a private banking cartel and is not in the hands of elected governments is applicable to many countries. It shows how money is created from nothing and then lent to governments at interest, for no good reason other than the historical usurping of this all important function by powerful and ambitious men for their own private gain. Absurdly, governments must then tax their citizens to pay interest to the private bankers, foregoing the obvious alternative of issuing debt-free money themselves. This fascinating book is highly readable, accessible to the layperson and, as a theme, explains the allegorical meaning of the book The Wonderful Wizard of Oz by Frank Baum (the basis of the film The Wizard of Oz starring Judy Garland).
During the next very few years it seems likely that we will all be affected severely by the now looming and potentially catastrophic breakdown of our debt-based money system. All is not quite hopeless however, and Ellen Brown shows towards the end of the book how, given the political will, we could change to debt-free money issued and spent into the economy by governments directly for the benefit of their citizens. Of course, the elite few who currently control our global money system are not going to give up their immense power voluntarily or easily. Indeed Ellen Brown indicates that they might well be planning to perpetuate and firmly consolidate that power worldwide in a New World Order.
Considering how deeply entangled we all are by debt-based money, it is both amazing and rather sinister that the subject is never analysed and debated openly in the main stream media. We should ponder and query why this is so. With access to the internet and to books such as The Web of Debt we can however now educate ourselves about the fundamentals of our money system. We need to do so urgently. We need also to educate and lobby our politicians, most of whom seem to be just as uninformed as the rest of us about the workings and consequences of arguably the biggest scam ever perpetrated on humanity. READ THIS BOOK.
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