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Acres USA, April, 2010:
Ellen Hodgson Brown may have done the impossible. She wrote a book about the most stupefying subject in the world - money, where it comes from and how it is manipulated - and made it readable, compelling, even suspenseful. Web of Debt is a page-turner that explains the origin of the Federal Reserve, the functioning of our money supply, currency speculation, capital flows, and the rest. As you read, interest grows like a Wall Street bonus package. . . . The only downside - pardon the finance jargon - is a loss of innocence. Once the destructive reality of the contemporary monetary system sinks in, there is no longer any excuse for apathy.
Online Journal, March 2, 2009:
If there is one book, one newspaper, one blog, one article, that one should read to understand the current economic crisis, to understand the root of the problem, and to understand its solution, it is "The Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free".... "Web of Debt" is an extremely enlightening and remarkable book, providing an understanding to our world and the current economic crisis and providing monetary and banking solutions that will take us out of this crisis and benefit the people... The book is an absolute must read and relevant to people of all political stripes. The only idealogy presented is one of fairness, integrity, and common sense.
Thom Hartmann's Review of the Month for Buzzflash , April 2009:
It's frankly difficult to find a good book that will help a person become literate about our modern money supply. Most that are accurate are hopelessly dense and written for graduate students in economics....Ellen Brown has translated a dense subject into a readable and fascinating story....Web of Debt by Ellen Brown not only demystifies money, but provides some thought-provoking and realistic solutions to our nation's dangerous dependence on a for-profit banking system that is sucking the financial lifeblood out of our nation....Buy it, read it, and get active!
The Daily Bell, October 8, 2009
Most people need backing of some sort to break through and capture a share of the public mind, but Ms. Brown has seemingly accomplished this all by herself, without funding of any kind. It almost defies comprehension. If we wore a thousand hats, they would all be doffed in respect to Ms. Brown's courageous and apparently independent intellectual journey. We are impressed enough with Ms. Brown's approach to award her a title all her own, in fact. There are in our opinion, in modern economic thought, now Keynesians, Austrians and Brownians.
American Free Press , April 21, 2008
Ms. Brown has taken two subjects considered boring - history and monetary policy - and turned them into a book as thrilling as any Tom Clancy novel, except that this book is true....If you are looking to have an understanding of the monetary mess we are in, this is an excellent historical overview with some truly elegant and ingenious ideas about correcting the problems we presently face. As you read this book you may find yourself feeling like "Neo" in The Matrix, newly awakened from the slumber of ignorance and deceit. Best of all, she offers viable solutions to the problems that have plagued our planet for millennia. This may well be one of the most important books you will ever read.
About the Author
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 private money lenders. Thomas Jefferson called them “bold and bankrupt adventurers just pretending to have money.” Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned 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.
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.
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.
In the News: Signs That the Economic Egg Is Cracking
Just the interest on the U.S. government's burgeoning $12 trillion debt could soon be more than the taxpayers can afford to pay. Articles are appearing daily in the news that bring the looming economic crisis into sharper focus and strengthen the case for monetary reform. While Wall Street and the speculative economy has recovered at the expense of the taxpayers and the states, Main Street’s challenges are deepening. To keep up appearances, the "Plunge Protection Team" has been authorized by presidential order to use U.S. taxpayer money to manipulate markets to make them appear healthier than they are, and lately it has been working overtime. But official assurances of a "soft landing" are mere window dressing, aimed at preventing another worldwide depression, as the money supply collapses along with the commercial lending on which it depends.
For a blog containing updates and recent news articles on the cracking economic egg, as well as comments on issues and solutions, click here.
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What should our money system look like and how should it work? Give your feedback or comment on the author's book or articles here.
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