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From KerryLutz.com:
Ellen Brown, author of Web of Debt and attorney sits down to discuss what’s wrong with the debt based money system and how to change it. Here’s what she says about the monetary system. “Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them “bold and bankrupt adventurers just pretending to have money.” Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned 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.”
Here solution is to abolish the Federal Reserve and put the government in charge of creating money. Her theory is unique and one that any student of economic history should consider.
Much more @ KerryLutz.com or @ 347.460.LUTZ
