This is the first of several articles on Ellen Brown’s superb 2007 book titled “Web of Debt,” now updated in a December 2008 third edition. It tells “the shocking truth about our money system, (how it) trapped us in debt, and how we can break free.” Given today’s global economic crisis, it’s an appropriate time to review it and urge readers to digest the entire work, easily gotten through Amazon or Brown’s webofdebt.com site. Her book is a remarkable achievement – in its scope, depth, and importance.
In the forward, banker/developer Reed Simpson said:
“I have been a banker for most of my career, and I can report that even most bankers (don’t know) what goes on behind (top echelon) closed doors….I am more familiar than most with the issues (Brown covered, and) still found it an eye-opener, a remarkable window into what is really going on….(Although many banks follow high ethical practices), corruption is also rampant, (especially) in the large money center banks, in one of which I worked.” FULL ARTICLE
4 comments ↓
The worst part of it all is that we keep hearing from the pundits and the administration – buy, buy, buy!
Reminds me of the film, THX1138. People would go to a confessional, and instead of talking to a priest, they heard pre-recorded responses to all their problems and “sins” urging them to “buy. buy more now. buy……and be happy.”
amazing how that seems to have come true.
Maybe we should just stop paying off these crooked banks and credit cards?
Slap on the wrists and the ponzi schemers are all back in business on Wall Street. No change for crooks and banks.
Well, the entire economy, as Peter Schiff has said so often, is a ponzi scheme. That’s the banks, the investment pros, the federal reserve, social security – the whole lot of em.
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