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Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free (Revised and Updated) | 
 enlarge | Author: Ellen Hodgson Brown
Publisher: Third Millennium Press
Category: Book
List Price: $25.00
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Rating:  57 reviews
Sales Rank: 6954
Media: Paperback
Edition: 2nd
Pages: 528
Number Of Items: 1
Shipping Weight (lbs): 1.6
Dimensions (in): 8.8 x 5.9 x 1.3
ISBN: 0979560810
Dewey Decimal Number: 332
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 52 more reviews...
It's painfully simple to understand November 18, 2008
Orion Johnson (Los Angeles, CA)
1 out of 1 found this review helpful
I never knew how money was made, but now it's crystal clear both how it's made and why we're never taught this in school. We've all been duped and this is undoubtedly the biggest crime in history - yes it is! Want to know how we can reclaim our freedom? Buy this book and study it, then share about it far and wide. May the farce be over soon and may we all live free from the shackles of debt.
Absolutely astounding November 17, 2008
truthseeker (need-to-know-basis, CA)
1 out of 2 found this review helpful
As another reviewer stated, this may be the most important book you will ever read. Ms. Hodgson, you are to be profoundly congratulated for pulling this information together into a readable form and I hope that your sales are rewarding you appropriately. I have done my best to get the word out and have purchased multiple copies as gifts to friends.
I will take my recommendation of this book even a step further and say that anyone who manages to get the information contained in this book into the mainstream dialogue, and force both politicians and big business/banking to explain how continuing business as usual is a viable blueprint for the future, deserves a Noble Prize in conjnction with Ms. Hodgson. Read this book, talk about it with friends, and recommend it to everyone. In my opinion, any chance at a sustainable future depends on it.
THE best financial book on the financial situation in the US today November 17, 2008
William B. Colohan (Cincinnati, OH USA)
2 out of 3 found this review helpful
I have read many books concerning the state of the US economy and this is the best. She expounds on positions touched on by Ron Paul, Bill Bonner and Edward Griffin so that you have a much better understanding of what they mean. Some books like this can be a chore to get through. I could barely put this down. You need to read this.
MUST READ November 16, 2008
Amy Petersen
2 out of 3 found this review helpful
A must read. Read this book if you want to understand the severity of our economic crisis and the causes of it.
Important; Insightful; Imperfect November 11, 2008
Michael Tozer (Bloomingdale, IL United States)
1 out of 2 found this review helpful
Attorney Brown's book could hardly be more timely and important. In fact, whilst reading it, one can hardly help but to be fairly amazed at the author's evident prescience in publishing this book some time ago. Its warnings and admonitions appear as if they could taken from the pages of today's newspapers. And its insights are generally important and insightful.
The very interesting thesis of this important book is that the American monetary system was taken over by a cabal of private bankers with the passage of the Federal Reserve Act in 1913. And Attorney Brown makes this case very convincingly. We would differ with only in her proposed solution: to cede more power yet to the federal government. Certainly, the Constitution confers to the Congress the right to coin money and to regulate the value thereof, or words to that effect. But the last thing we seem to need now is more government control of the economy. And we can't help but to caution against Ms. Brown's proposal from this perspective. Money does need to return to its proper role in the economy, as a faciliatator of exchange. And the Congress does have the sole legal responsibility of assuring that this facilitator of exhange is a fair and consistent measure. But I, for one, have come greatly to distrust the continuing increase in the power of government. One could even make the case that Treasury Secretary Paulson's mad plans are in concert with Attorney Brown's proposals. I grant that this is stretching the point a bit. But other readers will certainly grasp the point.
The book is well written and even quite entertaining, given its subject matter. We strongly recommend it. God bless.
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