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Books > History > History of specific subjects > Economic history
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The Web of Debt - The Shocking Truth About Our Money System and How We Can Break Free (Paperback, Revised edition)
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The Web of Debt - The Shocking Truth About Our Money System and How We Can Break Free (Paperback, Revised edition)
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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. 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.
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