2/1/11 Meria Heller interviews Ellen Brown, attorney and author of “Web Of Debt“. “The Federal Reserve was set up by Wall Street FOR Wall Street; no bailout for the States or Main Street,USA; $12.3 TRILLION advanced to the banks, less than 1% of that would bail out the States; credit not cash; fleeing municipal bonds; States should have their own banks like North Dakota; “The Non-Partisan League”; bank consolidation; will the bottom fall out again? Too big to fail? Egyptians live on less than $2 a day; the shadow banking system; commodities that hurt the people; gold-another bubble; 30′s depression and todays depression; “midnight at Walmart”; 6 States for public banking; Wall Street perpetrators; loans-credit-rentals; MERS; foreclosure-gate; our banking system as a ponzi scheme; money vs. debt; destroying the middle class by design; auditing the fed, two years behind and more.
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.