Our financial system is not what we imagine it to be. The creation of money has been "privatized," misappropriated by non-public money lenders. President Jefferson referred to them as them “bold and bankrupt adventurers just pretending to possess money.” Apart from coins, all of our cash is currently created as loans advanced by non-public banking establishments — as well as the privately-owned Federal Reserve System. Banks produce the principal but not the interest to service their loans. To seek out the interest, new loans must continually be taken out, increasing the money supply, inflating costs — and robbing you of the worth of your cash. Not only is virtually the whole money supply created in private by banks, but a mere few incredibly massive banks are responsible for an enormous investment scheme referred to as "derivatives," that currently tallies in at many trillions of dollars. The banking industry has been contrived so these huge banks invariably get bailed out by the taxpayers from their risky ventures, however the racket has reached its mathematical limits. There's not enough cash within the entire international economy to bail out the banks from an enormous derivatives default. Web of Debt unravels the deceptions in our financial system and presents a crystal clear projection of the monetary abyss towards which we are heading. Then it explores feasible alternatives, one that was tested in colonial America and is grounded within the best of American economic thought, as well as the writings of Benjamin Franklin, President Jefferson and Lincoln on the issue. If you care about monetary security, your own or the nation's, you need to own this book.
