Read the Introduction for an eye-opening look at what's really going on with your money!
Excerpts
Chapter 1 — "Lessons From
The Wizard Of Oz"
Chapter 22 — "The Tequila Trap: The Real Story Behind the
Illegal Alien Invasion"
Reviews
American Free Press: "This may well be one of the most important books you will ever read."
Ms. Brown has taken two subjects considered boring – history and monetary policy – and turned them into a book as thrilling as any Tom Clancy novel, except that this book is true. . . . If you are looking to have an understanding of the monetary mess we are in, this is an excellent historical overview with some truly elegant and ingenious ideas about correcting the problems we presently face. As you read this book you may find yourself feeling like "Neo" in The Matrix, newly awakened from the slumber of ignorance and deceit. Best of all, she offers viable solutions to the problems that have plagued our planet for millennia.
| – | – John Tiffany, American Free Press, April 21, 2008 |
Nexus Magazine: "Offers a way to navigate these troubled times."
Ellen Brown, JD . . . diagnoses the problems with the monetary system and prescribes a solution for the people to take back their power. . . . Her prescription can be written internationally to liquidate unfair and repressive Third World debt with "the click of a mouse." The need is urgent, and Brown has a vision of government without taxes or debt. This well-researched book offers a way to navigate these troubled times.
| – | – Nexus Magazine, "Reviews," November-December 2007 |
The monetary system is very complicated and the result of decades of political and economic machinations, but Ellen Brown has the unique ability to put the most esoteric of subjects in plain and readable language.
| – | Gene Harter, attorney, banker and author, Los Angeles |
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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.
Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as "derivatives," which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn't enough money in the entire global economy to bail out the banks from a massive derivatives default today. When the investors realize that the "insurance" against catastrophe that they have purchased in the form of derivatives is worthless, they are liable to jump ship and bring the whole shaky edifice crashing down.
Web of Debt unravels the deceptions in our money scheme 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.
Blog
In the News: Signs That the Economic Egg Is Cracking
Just the interest on the U.S. government's burgeoning $9 trillion debt will soon be more than the taxpayers can afford to pay. When that happens, the economy will collapse unless the monetary system is radically overhauled. Articles are appearing daily in the news that bring the looming economic crisis into sharper focus and strengthen the case for monetary reform. Foreign central banks are increasingly abandoning the U.S. dollar as a reserve currency, while the impending implosion of the housing bubble threatens to bring down the whole money system, national and international. As the riskier mortgages go into foreclosure, the institutional investors owning them as mortgage-backed securities will be left holding the bag; and these institutional investors are largely the pension funds on which the retirements of workers depend. To keep up appearances, the "Plunge Protection Team" has been authorized by presidential order to use U.S. taxpayer money to manipulate markets to make them appear healthier than they are, and lately it has been working overtime. But official assurances of a "soft landing" are mere window dressing, aimed at preventing another worldwide depression as home buyers and stock market investors stampede for the exits.
For a blog containing updates and recent news articles on the cracking economic egg, as well as comments on issues and solutions, click here.
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