Tuesday, October 7, 2008

Follow the Money

With everybody talking about how to fix the economy, why isn't anybody addressing the real problem? Changes in government spending will not help the economy very much, and could even make it worse. The root of the problem is that our entire monetary system is based on debt instead of anything with value. Fractional Reserve Banking enables banks to lend money it doesn't have and charge interest on it. When you or I or the government owes money on those loans, we are under the control of those banks.

A big part of the reason that political races are irrelevant is that no matter who is in office, much of this control of the government remains unchanged. There is a tendency to give whatever administration is in power the credit when the economy is good and the blame when it's bad. But does the government have that much control over the economy? Not when it doesn't even create its own money.

How many people know that the Federal Reserve System is not a government agency but a privately owned entity? How many know the same is true of the Bank of England? How many know that top government leaders as well as leading economic experts have long known of and spoken about the dangers of having one privately owned central bank, not to mention the dishonesty of Fractional Reserve Banking?

Below is a link to a video that is very eye-opening. It's called The Money Masters and it deals with the power that international banks have over nearly every aspect of the economy and the government, and how they got that power.

http://video.google.com/videoplay?docid=-515319560256183936

If the link doesn't work, copy and paste it into your browser's address bar. The video is three and a half hours but well worth your time.

Also, here's a link to a shorter, simpler presentation of the same basic ideas. It's called Money As Debt and it's only 47 minutes.

http://video.google.com/videoplay?docid=-9050474362583451279

The old saying holds true especially in this case: If you want to know who's really in charge, just follow the money.

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