Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free (Revised and Updated) | 
| Author: Ellen Hodgson Brown
Publisher: Third Millennium Press
Category: Book
List Price: $25.00
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Avg. Customer Rating:  38 reviews
Sales Rank: 2773
Media: Paperback
Edition: Second
Number Of Items: 1
Pages: 528
Shipping Weight (lbs): 1.6
Dimensions (in): 8.8 x 5.9 x 1.3
ISBN: 0979560810
EAN: 9780979560811
ASIN: 0979560810
Publication Date: January 31, 2008
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Product Description
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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| Customer Reviews: Read 33 more reviews...
 Crisis leading to opportunity--Web of Debt shows how... July 16, 2008
Web of Debt provides a clear, detailed understanding of our money system--This system is clearly in crisis but what Brown shows through this book is that we can clearly transform what looks like a crisis into an incredible opportunity to institute changes in a system that is collapsing and as a result, come out the other end better than ever.
Its terrific!
Web of Debt predicts all our current banking woes. July 16, 2008
Helen Brown's book in the most important book I've read in years. She predicts all of our current banking woes. What is a hedge fund? Now I know. What are derivatives? Now I know. Why are Fannie May and Freddie Mac almost insolvent? Now I know. Helen predicts that they will both "vaporize." I hope everyone is paying attention. This is one of the most important books out there. If I were I stock investor I'd have known years ago to sell. Had I been able to invest in gold and silver, Helen told me to do so years ago when I read her book. It's all falling apart right before our eyes and if you want to know why, read this book.
 Pure Keynesian nonsense July 5, 2008
4 out of 10 found this review helpful
It should be very clear by now that the current debt-based monetary system is rotten to the core and on the brink of collapse. The credit bubble and the fiat-money system built on it will come to an end. Yet, the alleged "solution" of the author is pure Keynesian nonsense. If the state assumes full control of the fiat money supply, as if it did not have it already, the result will be even more inflation and certain disaster in the end.
In spite of all the conspiracy nonsense out there, the Fed, and any central bank for that matter, is nothing but an instrument of the state for generating inflation. All governments love and are absolutely committed to inflation and credit expansion, by the way. The Fed is rather a "partnership" between the private banks and the state. It is a symbiotic relationship from which both parties benefit at the expense of normal citizens.
In my opinion the only real solution is not to have the state issue fiat money directly, as the author suggest, but to return to sound and honest money instead, that is, a gold standard with 100% reserve requirements. It is the fractional-reserve practice (institutionalized fraud) and credit expansion which are the root of all monetary evil.
I don't want to end this review without quoting Hans-Hermann Hoppe (Austrian economist) on Keynes and his interventionist/inflationary economic system: "Here we have Keynes, then: the twentieth century's most famous "economist." Out of false theories of employment, money, and interest, he has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money."
It's Hard to Find Enough Superlatives... July 1, 2008
3 out of 3 found this review helpful
Could be the most important book you will ever read. At least this is the one that could save our nation from financial and economic ruin. I'd say that makes it important.
I've been studying this subject for years, and have been planning to write a book or two on the subject myself. Only every time I've gotten deeply into the research, I've found that someone has already written an excellent book covering the same material. This happened with Rothbard's "A Case Against the Fed", Griffin's "The Creature from Jekyll Island", Korten's "When Corporations Rule the World", Quigley's "Tragedy and Hope", Sutton, Engdahl, Skousen, and many others. I had thought the best book on the subject had been written by Stephen Zarlenga with "The Lost Science of Money" and have attended his American Monetary Institute conferences. But Ellen Brown's book tops them all!
I can't count the times I had to lay the book down and wonder how someone so recently introduced to the subject could become so astute in so many areas so quickly. She must have a brilliant mind, because I was dazzled by her comprehension and ability to put complex ideas into simple terms.
What an amazing accomplishment!
The one star reviews here are seriously flawed, if not deliberately disingenuous. The book is not about the "polemics" of the "LaRouche" or any other "polemic" or "camp". It does not advocate Keynesian or "socialist" solutions. Such labeling is spurious and violates several rules for civilized debate and discussion. It is also curious that one could so thoroughly pick out all of the two or three trivial errors in the entire book while missing or misrepresenting the important points and large ideas and issues. The claim that the author calls "for bigger government with fewer controls" is patently false. The call is for better government that is more responsible to "we the people" and for a reduction in the onerous taxpayer burdens that come with usurious "debt-based money" created by private banks. T. Anderson adds, "How we can trust politicians with our money system any more than we can the bankers is not clear to me;...". But if he read the book, it SHOULD be clear. Government is at least theoretically responsible to the electorate, while "de-regulated" private bankers are responsible to no one, and have spent centuries proving it to us. However, they ARE responsible for our current terrible financial predicament.
The "banking syndicate" has wrested control of our government from us, (the people) thoroughly corrupted it, and then points the finger of blame at it for being corrupt and irresponsible. It's true, as Ms. Brown's excellent book points out. No one could make this up! While T. Anderson claims that conclusions in the book are "based on half-truths and shallow analysis", it is his arguments that are so based, and not the author's. While it is clear that wider education and discussion of these massive problems is needed, a prerequisite is clear thinking and terminology - cutting through the doubletalk. Web of Debt does that masterfully.
Just buy it! Or buy several and give them to those you love. This book has the power to change the world for the better.
Absolutely breathtaking and by far, the best book I read this year. June 30, 2008
1 out of 1 found this review helpful
Reading this book is like discovering "the matrix" and following the white rabbit down the rabbit hole to its end. This book explains it all in terms of our "fiat" monetary system- it origins in the Netherlands, working its way through England, and finally ending up in our shores here in the USA. It goes into detail explaining how the monetary system works in this country via the Federal Reserve System (FED) and the private banks. What some might be surprised to find out is that the FED isn't so federal. Instead, it is run by a private banking cartel doing whatever it can to ensure its interest and in our present day, its very own survival. The book has a hopeful ending to the current credit crisis and presents a few ideas for the reformation of the monetary system that include putting the creation of money back in the hands of congress again and issuing "debt-free" greenbacks and silver/gold coins or a multi- commodity backed world currency in various forms so we are not indebted to banks and private lenders anymore. Basically put, the current system does not work and is on the verge of collapse due to its inherent flaws of issuing debt based currency "out of thin air". That along with the fall out of the credit crisis, derivatives market, i.e., CDS's and CDO's, high payments for interest on the national debt, the increased selling of dollars in the international market, and high inflation, all spell doom for the banks as they exist today. THis book is absolutely stunning and incredibly easy to understand. This is the one book you do not want to go unread. Highly highly recommended for all Americans. This is definitely one of the most important books I have read in my life time and it is one that simply cannot go untouched or discussed. I'd give this book a 6+ stars if it were available.
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