joga56's Full Review: Ellen Hodgson Brown - Web of Debt: The Shocking Tr...
Quotes: Warnings throughout History, which fell on deaf ears.
“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few and the Republic is destroyed.” – Abraham Lincoln
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford
“Under cover, the predatory International Bankers have been stealthily transferring the burden of the Federal debts to the people’s Treasury and to the people themselves. They took the farms and the homes of the United States to pay for their thievery!” – Congressman Louis McFadden
“The Federal Reserve is a total moneymaking machine” – Congressman Wright Patman
“In the United States today, we have in effect two governments. We have the duly constituted government, then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve, operating the money powers which are reserved to Congress by the Constitution.” – Congressman Wright Patman, Chmn House Banking Committee 1967
“The Federal Reserve Act of 1913 was the worst legislative crime of the ages. The Federal Reserve Board can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variations, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming charge, either up or down!” – Rep. Charles Lindbergh
“The financial system has been turned over to … a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money”. – Rep. Charles Lindbergh
Introduction:
Courageous men have warned us for decades about what the globalist bankers have been doing, but to no avail. Those of you who are currently losing your homes, your jobs, your pension, your way of life, your property, your freedom, etc, have you ever asked why this is happening? Are you willing to start listening now?
This book is a real wakeup call to Americans to get informed and engaged in your government, because the very fabric of our Republic is under attack. It will tell you the history about what is currently happening and who is responsible. It also outlines some solutions as to how the problem can be fixed, but the fix will never come until Americans get informed, expose the culprits, and demand they be dealt with.
We must ask, “Who in our current Congress are the modern day courageous men now warning the people?” I know of only one, Congressman Ron Paul, out of 435 Representatives and 100 Senators. While they should be fighting the bankers, it appears more are going along with them, and their plans for world government. The only thing that will stop this time bomb is for the people to let their voices be heard!
Many Americans find time to watch “American Idol” “Dancing with the Stars”, basketball, football, and all other forms of entertainment, but don’t seem to care when their country is imploding, and who is really behind it. Why is that?
If you are truly love your country and feel that something is wrong, you are right! However, that’s not enough. You need to start getting informed and help stop what is happening to your Country!
THE PLACE TO START IS BY READING THIS BOOK!
Excerpts from the book:
“If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe”
-- The London Times, Nov 2006 – Reed Simpson
Where did the problem start?
“Under the surface, the Rothschilds long had a powerful influence in dictating American financial laws. The law records show that they were the power in the old Bank of the United States.” -- Gustavus Myers
Federal Reserve Act of 1913 & the 16th Amendment:
A coup occurred on December 22, 1913 when President Woodrow Wilson was foolish enough to sign the most heinous piece of legislation ever passed in the US Congress.
The legislation was introduced by Senator Nelson Aldrich, Rockefeller’s father-in-law, and one of the banker’s go-to guys in Congress, at the time. In addition, a Morgan man, Colonel Mandell House (Wilson’s alter ego), helped coerce Woodrow Wilson into signing a bill that later he would say ".... made him a most unhappy man. I have unwittingly ruined my country."
The Bill was so obscurely worded that no one really understood its provisions, and then it was manipulated through Congress while most were preparing to go home for the Christmas holidays. The American people have been deceived every since then, by the secretive and private corporate controllers of our currency – THE FEDERAL RESERVE.
The 16th Amendment legalized the Federal Income Tax, even though the Income Tax was considered unconstitutional prior to that time.
Facts about the Federal Reserve:
Did you know?
1) The Federal Reserve is NOT Federal, but an independent, privately-owned corporation that is totally unaccountable, and who tells us no one has authority over them.
2) It consists of 12 regional Federal Reserve banks owned by many commercial member banks. The regional banks are located in: Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York (the main one), Philadelphia, Richmond, San Francisco, and St. Louis.
3) The Federal Reserve creates money out of thin air, and then loans it to the government at interest.
4) This private cartel is behind the current economic crisis.
5) They have used the same games over decades to destroy the economies of various countries and are now doing the same in America.
6) That if you don’t wake up and learn the truth about what is happening to America, this small group of elite bankers will destroy America.
7) The Federal Reserve Bank of NY is the largest shareholder (53%). Citibank (Rockefeller Empire) & JP Morgan Chase Co. (Morgan Empire) are not only the 2 largest banks in the USA, but also the 2 largest shareholders of the Federal Reserve of NY.
8) The central Federal Reserve Board in Washington was set up to include the Treasury Secretary and Comptroller of the Currency, both use government officials.
Failed dismally in their supposed purpose:
In theory, the Federal Reserve was established to stabilize the economy, smooth out the business cycle, manage a healthy, sustainable growth rate, and maintain stable prices. It failed dismally on all counts - most noticeably in the 1930s after a depression followed the crash. The Fed wasn't the solution. It was the problem. Milton Friedman blamed the Great Depression on the contraction of the money supply, but others disagreed. Chairman Louis McFadden of the House Banking and Currency Committee said it "was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all."
The "Bankers Manifesto of 1934" suggested the same thing, and some observers today believe it's again playing out, this time on a global scale for much greater stakes for both winners and losers.
“Spider Webbing” is the game played by a small inner circle of men. Its rules include:
1) Making any concentration of wealth invisible.
2) Exercising control through “leverage” – mergers, takeovers, chain share holdings where one company holds shares of other companies, conditions amassed to loans, etc.
3) Exercises tight personal management and control with a minimum of insiders and front-men who themselves have only partial knowledge of the game.
Professor Carroll Quigley wrote from personal knowledge in “Tragedy and Hope” and “The Anglo-American Establishment”, of an elite clique of global financiers bent on controlling the world.
Bretton Woods - The Rise and Fall of the International Gold Standard
In mid-1944, the Bretton Woods monetary management system was established, about a year before WW II ended but when its outcome was clear. It created a postwar international monetary system of convertible currencies, fixed exchange rates, free trade, the US dollar as the world's reserve currency linked to gold, and those of other nations fixed to the dollar. It also designed an institutional framework for market-based capital accumulation to ensure that newly liberated colonies would pursue capitalist economic development beneficial to the victorious powers, most of all America.
In August 1971, the system unraveled when Nixon closed the gold window - ending the last link between gold, the dollar, and sound money. Thereafter, currencies would float and compete with each other in a casino-like environment, easily manipulated by powerful insiders, hedge funds, giant international banks, or governments at times in their own self-interest.
JFK & Global Debt Enslavement - Gold Reserves to Petrodollars
"The gold standard (while it lasted) was a necessary step in giving bankers' 'fractional reserve' legitimacy, but the ruse could not be sustained indefinitely" because exiting gold to defray foreign debts results in money backing it to be withdrawn from circulation. The result - contraction, recession, or depression, the very problem that forced FDR to drop the gold standard to prevent an even greater collapse. In 1971, Nixon did it permanently "when foreign creditors threatened to exhaust US gold reserves by cashing in their paper dollars for gold."
John Kennedy was the last president to challenge Wall Street, contends Donald Gibson in one of his two books about him. In "Battling Wall Street: The Kennedy Presidency," he said that Kennedy opposed "free trade," believed industry should serve the nation, and that America should sustain its independence by developing cheap energy. That "pitted him against the oil/banking cartel," intent on "raising oil prices to prohibitive levels in order to" entrap the world in a "web of debt."
Evidence also suggests that "Kennedy crossed the bankers by seeking to revive a silver-backed currency," independent of the Fed. In fact, on June 4, 1963, he issued Executive Order (EO) 11110 giving the president authority to issue currency. He then ordered the Treasury to print over $4 billion of "United States Notes" in place of Federal Reserve Notes. Some believe that he intended to replace them all when enough of the new currency was in circulation - to return money-creation power to the government where it belongs.
Five and a half months later, he was assassinated. In his second book on the president, "The Kennedy Assassination Cover-up," Gibson contends that a private network of wealthy individuals did it - not the FBI, CIA, Mafia, LBJ, the oil cartel, or anti-Castro extremists. Whatever the truth, bankers regained their power in short order when Johnson rescinded Kennedy's EO and fully restored their money-creation authority. They've had it ever since.
Petrodollar Standard (Are they vanishing?)
If the major oil producers convert from the US dollar to the euro, the American economy will sink almost overnight. Some think the saber-rattling with Iran is not really about its nuclear ambitions, but is due to the 4th largest oil producer breaking the dollar monopoly. (Today, many countries are starting to move away from the US Dollar.)
Regulatory System Weakening, Hedge funds and Derivatives:
"Hedge funds are private funds that pool the assets of wealthy investors with the aim of making 'absolute returns' - making a profit whether (markets go) up or down" on whatever financial assets they invest in. Leverage is used for maximum profitability, the more of it the greater gain or loss. In futures trading, it's called the margin - placing "many more bets than if they had paid the full price."
Originally, hedge funds were to "hedge (investment) bets....against currency or interest rate fluctuations (but) they quickly became instruments for manipulation and control." At their peak, they controlled over half of daily equity market trading because of their numbers, size, amount of capital, and frequency of their buying or selling.
Derivatives are one of their key tools - essentially making "side bets that some underlying investment will go up or down" to insure against the risk. "All derivatives are variations on futures trading (and like it) is inherently speculation or gambling." Familiar examples include puts and calls - on whether assets will go down or up.
"Over 90% of the derivatives held by banks....are 'over-the-counter' (ones) specially tailored to financial institutions (with) exotic and complex features, not traded on standard exchanges." They're unregulated, hard to trace, and "very hard to understand," quite often impossible. In a 1998 interview, banking columnist John Hoefle called them "the last gasp of a financial bubble." More recently Warren Buffett said they were "financial weapons of mass destruction" even though he owns a sizable amount of them and incurred considerable losses as a result.
Derivatives aren't assets. They're "just bets" on how assets will perform using very little real money. Most is borrowed to make private unreported, unregulated bets that have soared to a "notional value" of around $370 trillion, according to the Bank for International Settlements as of 2006. Notional value is "the number of units of an asset underlying the contract, multiplied by the spot price of the asset." In other words, "fanciful, dubious or imaginary" assets. The bankers, over many years, weakened the regulatory system which gave way to their scams over the past decade leading up to the 2009 financial implosion. The book talks about some of the regulations that were weakened which would have protected us from this type of scam (i.e. “The Glass-Steagall Act”).
The 5 largest banks held the largest number of financial Derivatives, to the tune of trillions of dollars, and they knew from the start they were bogus and not worth the paper they were written on. The book talks about a lawsuit that was brought in Cuyahoga County, Ohio whereby the largest banks were defendants in the case and their actions were found to be fraudulent yet they never had to admit to wrongdoing, and were only given a fine. This is unconscionable!
Federal Debt: (Today is $ 6.4 trillion):
The US Debt is approaching the point at which just the interest on it will be more than the taxpayers can afford to pay. It is out control and at crisis proportions.
Congress has the means to pay it off by turning its bonds into what they should have been all along – LEGAL TENDER!
THE PROBLEM: They would have to go up against the globalist bankers, who run things at the current time, and would not give up their free money scams easily.
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." -- President John Adams
Solutions: (Many are given, but these are the most critical)
The book suggests many solutions but the most critical is that we restore national sovereignty with a truly National Banking System. However, before that can be done, we must audit the Federal Reserve and then abolish it. (HR 1207 "The Federal Reserve Transparency Act of 2009" is presently in Congress)
Getting Informed: (Test your knowledge)
The global debt web has been spun from the strings of frauds, deceits and sleights of hand, including:
1) “Fractional Reserve” banking 2) Fictitous “gold standard” 3) The Federal Reserve 4) The federal debt and the money supply 5) Federal Income Tax (unconstitutional until legalized in 1913 by the 16th Amendment) 6) FDIC & IMF 7) “Free Market” manipulation (not a true Free Market) 8) Plunge Protection Team (PPT) & The Counterparty Risk Management Policy Group (CRMPG) 9) Floating Exchange Rate 10) The Short Sale 11) “Globalization” & “Free Trade” deceit 12) Inflation myths (private bankers inflating the money supply) 13) The Business Cycle 14) Home Mortgage Boondoggle 15) The Housing Bubble 16) The ARM 17) Securitization of debt and the credit crisis 18) Secret insolvency of the banks and bailouts 19) Vulture Capitalism and the derivatives cancer 20) Moral hazard
Closing:
America is at a critical point in its 200 year history, and every part of our society is threatened, including our National Sovereignty by the New World Order globalist banker elites.
Unfortunately, we have a compromised media that is not telling us the truth and who is owned by the same individuals. Therefore, most have turned to the alternative media to find out the truth, or have started doing their own research. The level of the deceit is unthinkable! The public must become informed and start taking action!
To complicate things even further, the same individuals who caused the economic implosion are now posing as the saviors, whereby they really simply impose what they wanted in the first place before they caused the scam.
The goal of the globalist bankers is a new system backed by a Global Carbon Tax based on a false global warming scam, which will be paid to them directly. There are calls for a Global Bank of the World, and much more. Did you vote on this? Do you want to be a slave to these predators? If not, then it’s time to become informed and help stop what is happening.
This book is a good place to start getting informed, but don’t stop here. This is about the future of our country and it’s not a partisan issue; it’s an American issue that is no respecter of person. If you love your Country and want it to thrive in the future, you must become informed!
Problems can never be fixed until the people understand the problem. This book tells the problem, and gives some solutions. Only an informed citizenry can help fix this problem! When you understand it, there is no way you won’t demand that it be rectified, and that justice be served upon the people who have caused the problem over many decades!
This is about your future, and your children’s’ future, and it demands you get informed!
Other good resources:
“The Creature from Jekyll Island” by G. Edward Griffin “The Money Masters” (Video)
Tip: There is a Scribd document on this book. Just search on “Web of Debt” Scribd and it will come up.
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