Website review: Web of Debt - How Banks And The Fed...
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neonphile rated 9 days ago- I highly recommend the chapter, "THE TEQUILA TRAP: THE REAL STORY BEHIND THE ILLEGAL ALIEN INVASION" from her book. This is the best analysis of how the U.S. government & banks engineered the devaluing of the peso in the 90s, leading to its economic crisis and subsequent exodus of people into the U.S. looking for jobs.
- fiona2381 rated 2 months ago
- this is just trying to sell a book
- Maxismax rated 6 months ago
- Bottom line is we are fucked ! Derivatives were the worlds biggest Ponzi scheme and guess who's at the bottom of the pyramid? From the page: "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 â€" 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 â€" and robbing you of the value of your money. Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as "derivatives," which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn't enough money in the entire global economy to bail out the banks from a massive derivatives default today. When the investors realize that the "insurance" against catastrophe that they have purchased in the form of derivatives is worthless, they are liable to jump ship and bring the whole shaky edifice crashing down."
- kamesan rated 12 months ago
From the page: "Web of Debt unravels the deceptions in our money scheme 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."
