Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free

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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.

Customer Reviews:

  • Plan to buy more than one...
    You will need a spare copy, and perhaps more due to the overwhelming desire you will experience to spread the message of this book upon reading it. This urge became overpowering to me in the early chapters, and still remains as my original copy is out on loan.

    The truth that is exposed by Ms. Brown is beyond a call to action, or the most powerful civics lesson you will ever come across. The story here, masterfully told, lies at the very heart of the concept of freedom. Inane acceptance of the status quo will most certainly lead to the end of the freedom experiment. It is evident that our Revolution was never won, and that the powers of despotism, oligarchy, and plutocracy live on, confident that we all have become weak in our collective ability to discern truth in a world of smoke and mirrors. This weakness has been enabled by those standard human frailties; greed, self-absorption, apathy, and of course ignorance. All of these deficiencies can be reversed, some reversals more painful than others, and they must be if we are to dig ourselves out from our present state of affairs. The course of correction requires tools, and first on my list is "Web of Debt".

    I feel a deep sense of gratitude to Ellen Hodgson Brown for taking on this subject. It is not the fast track to the best seller list, and there will be no invites to appear on Charlie Rose. This effort expresses a powerful desire to put light on truth, and in so doing send a line of hope to the embattled principle called freedom....more info
    What an amazing book this was. Perfectly structured and well referenced, i couldn't put it down! Everything mentioned is explained thoroughly and in an easy to understand format. It is quite scary how small it can make you feel in that almost everything on the earth is being influenced by a relatively small group of big money players and their corrupt henchmen.

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  • Web of Flawed Reasoning. . .
    To correct all the errors in this book, you'd almost need another book.

    People who never deduced fractional reserve lending or the fiat interest paradox are often blown away by learning about this scam, and tend to give anything that reveals it high marks, but other works do this with greater clarity and more thorough scholarship.

    It is cool that the Wizard of Oz was a money allegory, but the constant references to Oz grow strained, and consume probably 5 - 10% of the book before all is said and done.

    Couple examples of the errors:

    There is a difference between a gold exchange standard and a gold standard, but this distinction is not made. The gold exchange standard which Brown repeatedly refers to as a gold standard did not fail because nations "ran out of gold" (as she claims in some form at least a dozen times), it failed because nations comitted fraud by printing more "gold backed" paper notes than they had gold reserves. That doesn't mean the gold standard is perfect or the ultimate solution, but how can one take an author who misses such a basic point seriously?

    Brown deplores the fact that a gold standard causes gold to flee a nation that is importing more than it exports. That is what it is supposed to do! In such a system, nations that produce little but consume much go broke, as any individual should and would. The solution is to import less or export more, and correct the imbalance, but this elementary solution is not even mentioned.

    The old "there isn't enough gold and silver" myth is repeated. An ounce of gold can be worth a car or can of coke, and society will prosper either way, as long as the free market is allowed to set the price. The problem arises when the monetary unit is rapidly inflated, and this is difficult to do with gold (or any commodity) because it must be dug out of the earth (or produced with real labor). Brown considers this the chief failure of gold, but it is its chief virtue.

    When a government raises ALL revenue by printing money, that is not "no taxes," as she states numerous times. It is government funded via the inflation tax. A government with "no" tax revenue either does not exist or is borrowing continually and won't exist long. While some money printing can be absorbed in an economy that isn't redlined, Brown consistently and naively overestimates the capacity of the economy to absorb newly printed money without causing price increases. You fund a government as large as ours almost entirely from creating new money, there will be price increases. It is either extremely stupid or extremely dishonest to pretend otherwise. Yes, Pennsylvania in the 1700s funded government totally from this method, but they didn't have Social Security, Medicare, Welfare, an Empire, etc.

    Brown's ultimate solution is gobley-gook socialism. A bungling, corrupt government should be trusted with full money printing powers, allowed to control banking, mortgages, scientific R&D, give universal sustinence wages, etc., and then all will be better and prosperity will of course ensue. This view is pitifully naive. The history of money teaches one bedrock lesson: the power to print it out of thin air will ALWAYS, ALWAYS, ALWAYS be abused. The solution is not to take the power from corrupt bankers and give it to equally corrupt politicians who will simply engage in the same abuses, but to abolish the fraud completely by abolishing the power completely. It is mind blowing that Brown identifies the fraud, identifies the corruption in government and banking, charts they way bankers and politicians collude to shaft the people, and then advocates turning the inflation power over to the politicians she just identified as being as corrupt as bankers.

    Somewhere in all the OZ metaphors and newspaper clippings she includes, a tenth grade understanding of the origin of money is neglected, or perhaps lost. People accept money in the first place because it has intrinsic value as a commodity, and is a commodity. Real commodities can't be created out of thin air the way paper or "computer" money is. Commodities require real labor to produce. When working stiffs are forced to accept money which can be produced without real work, they get shafted when it is produced and spent by those who do no work and produce no real commodities. Politicians fall in this category, yet Brown suggests giving them a blank check that the money creation power represents.

    Brown believes government can be trusted to use this power benevolently, but this belies a fundamental miscalculation about human nature. Leaders with the integrity of Franklin are the exception, not the rule. She believes that eliminating bond printing by the Fed, and allowing government to print money would eliminate a huge wealth transferral to the rich. It couldn't be that corrupt politicians in bed with bankers would just print five times as much money to make up for the lost bonds and interest payments, and then give this money to the elite for endless boondoggles. . .

    The same quotes are used repeatedly, and the same points repeated. . .repeatedly. It was tiresome, especially since the errors were so eggregious.

    Some sections are well written, useful, and balanced, but the most fundamental conclusions were erroneous, and fanciful. Just abolish the income tax. Love to, but ask anyone who's spent five minutes in DC how politically difficult that would be. Brown naively endorses a socialist government that provides housing, sets wages, targets full employment, gives food--all funded by endless money creation that will produce no inflation. Puh-lease.

    Government is the problem, not the solution. The answer is not more government. What about those who actually want to take responsibility for their own lives? What about a limited government that just gets out of people's way and let's them be free, merely preventing crime and enforcing contracts? Maybe a tax levied in ways besides money printing is better, so I always know how much is taken, rather than wondering how many trillions of dollars the government printed out of thin air this year? The inflation tax is the most insidious form of taxation there is, and it should be abolished completely. Brown's solution is no solution at all because it misses this glaring point.
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  • The best book to date on the subject.
    Web of Debt: The Shocking Truth About Our Money System -- The Sleight of Hand That Has Trapped Us in Debt and How We Can Break Free (Paperback)
    -This is a book that should be taught in every school in my opinion, I know of University Economics professors who are unaware of how the banking system really operates, it is not just the "man in the street" who still erroneously believes that banks loan out their depositors funds.
    There are some minor factual errors in the book, as can be read in the 1 star reviews, but nothing that detracts from the main thrust that this crooked system is robbing the life blood of society and must stop.
    The book is well written in a flowing easy style that doesn't skip facts and does give references, together with the historical background for the events that lead us to this latest crisis point, where we are today. These crises occur every 20-25 years because of the banking system and each is worse than the previous in terms of the size of the "losses" which are then foisted on to the shoulders of the public, citizens, taxpayers or whatever label is in vogue for the sheeple. Thereby shifting the "Wealth to the bankers and the debts to the people". (to reference another work on the subject that can be found on the web)
    Even "Primitive" peoples would think us crazy to realize that people were dying in the 1930s crash because they couldn't buy food because they had no job to earn money and yet farmers were leaving food to rot in the fields because they didn't have the money to pay workers to harvest it! For the lack of this thing we call Money, families were starving to death and yet the public could have created it themselves, and still can. (as alluded to as Dorothy's "silver slippers" in the Wizard of Oz).
    Families and real people, old and young, are going to die in the West in 2009, as they have been in Third World countries, because of this "Phantom Capital" game that benefits a small clique at the expense of the vast majority. It is already happening where people can afford either Heating OR Food, but not both.
    Such a grotesque imbalance cannot be allowed to continue, with the internet and mobile phone technology we should be able to devise an electronic form of Tally Stick using encryption in place of the unique split of the wood of the Tally Stick. Get us back to "interest free" Tally Stick system of the 13th -15th Century where the single bread winner of the family only had to work 25% of the year to meet all the families needs. (this allowed workers to volunteer for communal projects such as the great cathedral building of the time). We are so conditioned by the massive debts created by this phantom money system where we have to work harder and harder for less and less that we find it hard to remember that both parents didn't have to work to meet the bills in times gone by.
    Heads of families in tribes up the Amazon only have to work 8 hours a week to meet their needs, I know that they don't have the standard of living expected in the west, but with the mass production and automatic factory technology we have today we should be able to do better in modern society than the 25% per year work load of the 13th Century with their "interest free" Tally Stick system.
    There is a huge abundance that nature gives us, mankind has the ingenuity to capitalize on that even further and produce sustainable bounty in harmony with the earth to elevate the quality of life of all, but there are a small number of schemers that would rather prey on mankind itself, like some sort of soul parasite. We need to find the silver bullet that rids us of this vampire. (Please don't write that silver is for werewolves, I know)
    The book exposes the Phantom Money clubs' global cancerous spread via IMF, BIS, WTO and World Bank tendrils enabling it to spread the system to other countries and suck the life blood from them with this usurious debt, under the campaign labels of "free trade" and "floating currency".
    More importantly for today it details the Banksters' mechanisms for moving the Stock markets with their trillions of phantom dollars and how "naked" share trading is another form of counterfeiting used. The game has got so big that the markets are no longer moved by market forces, but by the machinations of the Banksters. The technical analysts who earn a living predicting stock movements, based on historical market forces, are throwing up their hands in despair as the rules have jumped out of the window and the markets rise and fall totally without rhyme or reason as far as they can see.
    Demand for gold is unprecedented, some mints are totally sold out, yet the price of gold is being held down at the $850/Oz level by the Banksters phantom trillions shorting on futures options, which unbalances the supply and demand mechanism that erroneously assumes the cost of money is the same for all players in the market.
    It is time to stop the mixing of this phantom capital with real work and value. This capital is created out of thin air and presently is treated the same as real money that is generated by real work by people with a limited time of life, the only real value on earth. This virtual money should be consigned to a virtual world where it can't rob real people of their time and effort. The only way this is going to happen is by the majority becoming aware of the con trick being played on them and this is why this book needs to be taught in schools and put in everyone's hands.
    If not, welcome to the plantation planet, now get to work or you don't get fed today.

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  • The most important book I've read in years
    Having read nearly all the major books on monetary reform, I can say that Web of Debt is truly the most comprehensive and illuminating of the bunch. We live at a time when talk of nationalizing the banks has become commonplace - but what is missing is a debate about nationalizing THE bank - the Fed. Ellen Brown does a spectacular job of laying out the logic and historical precedent for doing away with such private central banks and returning the function of creating money to the government, as the Constitution specifies.

    This is a crucial book to read now, as it delivers the singular solution to our economic travails. Everything else (stimulus plans, quantitative easing, bailouts) is rearranging deck chairs - or buying life insurance from someone on the Titanic. As Lincoln said, and proved, brilliantly; creating money is the greatest creative opportunity of government. However, for nearly a century, this function has been appropriated by a -private- bank that charges us for the privilege of burying our country in unrepayable debt.

    President Obama and Congress can end our economic nightmare by creating a Constitutionally-based, sound money system. Ellen Brown proves this is not only not crazy, it has been done before throughout history, and is being done around the world today. You can bet, though, that our leaders won't change the money system until we pressure them from the bottom up.

    - Read this book, drink in its wisdom deeply, then share it with 5 people and your Representatives. Let's create honest money - our future may depend on it.

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  • Plausible predictions, but questionable reasoning.
    Her basic point, that the current economic and financial system is unstable, and headed into an immediate and immense crisis, is very well-founded. Her suggestion that some kind of "Greenback"-style fiat currency would be far preferable also seems very plausible. The book is written in a very accessible positive style, in the same kind of can-do tone of a popular self-help book.

    However, Hodgson Brown's grasp of history and economics is a bit shaky. Various minor historical howlers (William and Mary coming to English throne when "Duke of York" dies, etc.) make me a bit leery of accepting statements she makes when she is talking about areas on which I am less knowledgeable. Her understanding of economics is very vague and hazy: at points where I didn't already know what she was trying to explain, such as with the medieval tally system, she was very hard to follow. I suspect that someone with only a little economics background would not gain much real understanding from this. I hate to criticise a 450-page book for excessive brevity, but she does skim over many topics that really need to be handled in a great more depth.

    The economic theory she is propounding is similar to that more rigorously put forward by Michael Rowbotham, that fractional reserve banking involves banks creating money out of nothing, and that the money returns to banks as profit. It suffers of course from the same potential defects, for example, that inflation and default could potentially eat away all those profits.

    Her book is far stronger when it leaves general theory and history, and gets on to the intricate details of the current crisis. The financial system is currently breaking down, with vast sums of essentially worthless money being pumped into the financial markets to desperately try to keep the major financial institutions afloat. It seems clear that this is a game that can't last much longer. She has plenty of well-informed insights in this area, at least as far as I've been able to check them.

    Despite her occasional reliance on characters like LaRouche, she writes very readably with great enthusiasm, and covers a vast amount of ground, and brings up some fascinating topics. By all means read it, because it will give you ideas, and introduce you to new facts and theories, whoever you are. I'd suggest however, checking what she says to ensure you get a more informed view of each particular area she covers. ...more info
  • The story of funny money, fake debt and the master toymakers of free finance
    In a day and age where the Fed has enough fiat funds to bail out Wall St. lenders but not Main St. debtors, this book is a beacon of shining light that calls out the false prophets of universal greenback equity in a system set up by private interests to control public trusts. If latter day politics is a game of liar's poker, then this work exposes modern concepts of money as shell game studies invented by bankster thieves.

    Tracing the metamorphasis of finance from feudal antiquity to worst laid plans of legal bedfellows and capital conspiracies, Web Of Debt replaces soft pedantic definitions with hard sensical proprieties of right and wrong. It contends that wealth should not create something out of nothing by virtue of the power it wields. That its sole basis should reside with people and duty free government and not secret unscrupulous institutions.

    Ill definition and poor application of economic theory ultimately rests with amoral rogues who create money out of thin air and debt out of smoke and mirrors. Those who subscribe pseudo science to usury are using a phony math equation to explain away the nature of evil or the devil. That is what this book is all about. The folly of calling the creation or value of money academic instead of the fairytale make-believe it is.

    No rise and fall, link or breakage of the money food chain happens for no reason. Moneymen who control the corrupt surplus create the suffering shortage. So much disinfo is dispelled and resolved here that no reader will ever look the same way at their paycheck, savings or assets again. For economic demand in the house of cards that is our monetary system fails us when elite forces decide they wanna play God with the supply....more info
  • an economic page-turner
    Ellen Brown has done a great service for these times of economic chaos. She has in one thoroughly researched volume given the entire historical sweep of the money and credit system of the West, and now the world. Although the book was written a year or so back, she accurately predicts the very situation we are in now, and tells why it was inevitable. If you liked the popular video, The Money Masters, or Griffin's book on the Fed, Creature from Jeckyll Island, you will like this even more. The narrative style is gripping, and takes you through a subject that ideologues and rogues have made obscure and dense for years, like a knife through butter. No matter what your favorite solution or favorite "school" of economic thought may be, this book is a must have for your study and comprehension of the subject. It will bring you safely even through the world of derivatives and credit default swaps, and bubbles and bailouts that did not exist years ago when the other great works on this subject were written. It was the first book on the subject that was a true page turner for me, as opposed to becoming a reference tome. 5 stars on this.
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  • Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
    This is one of the Best books I have ever read on explaining what is wrong with markets, our banking system, business, making a living and why living a good life seems in contradiction and at the expense of our higher values of who we are.

    Ellen Brown, in this monumental work, exposes, synthesizes and articulates in most understandable way the greatest deception of our modern history - that our entire system of money is created through the process of enslaving ourselves through debt rather than liberating us through abundance.

    I am recommending this to everyone I know! It is SO important that we wake up and realize that we are living with a monetary policy that works against us and we can choose to get educated and transform our system to create a platform for real justice and abundance that is everyone's birth right.

    I am amazed at the amount of information contained in this one volume! Not only does the author convey an education between two covers but she does it in a way that is entertaining and easily digestible. A must read!!...more info
  • lots of financial history
    Lots of information on the financial history of our country. Much of it I have read before and had to really search to find anything new, or of important information. Hard to find information that I could use to help me avoid the coming pitfalls. Was hoping for something more useful to me as an investor. Did not find it....more info
  • Amazingly accurate analysis of our economic problem
    This book takes historically accurate facts, is filled with scholarly citations and analyses, provides a historical explanation as to why the US US/dollar is completely insolvent and why the US needs formal or informal bankruptcy to continue. Best of all, logical and well thought out solutions are proposed. I will buy extra copies to send to friends. ...more info
  • Best "Spill the beans" Financial Book, Ever
    I have been studying the financial and economic systems that so such a large extent determine how we all live, for more than 3 decades now. This is by far the best book I have read so far. Not only does it tell the story of money and how the big banks have secretly taken control of just about everything through their manipulations and often illegal actions, but it does so in plain English that anyone can understand. Ms. Brown does a super job of explaining this potentially complex subject with consummate clarity. This book seems to include just about everyting that Wall Street and the secret banking families, (Rothschild, et al), don't want us to know. A magical aspect of this book is that it lays out the horrendous abuse that has been committed against humanity over centuries, (starting wars to further their secret economic agenda, assassinatihng those who would try and hold them to account, etc.), but does not leave us feeling depressed and hopeless as such information well could be expected to do. Rather, it presents the information in such a way that it makes us feel hopeful and empowered. A remarkable book! I wish that everyone in this country would read it. I wish it were available in audio-book form so that more people would read it. At any rate, do whatever you can to read this book. If enough peole understand what the banks and their cronies have done to us all and what they are continuing to do, we may be able to stop them and turn things around....more info
  • best text book for economics ever, should be required reading in schools
    I love this book, it explains clearly the money system, the history of our country and world events that make sense, and not found in our school texts, and solutions. Ellen Brown clarifies financial terms in a way that those who invest in the stock market, will find enlightening. She has researched the field and put the ideas together in a way that is truly remarkable..it is a page turner, and is loved by the people for whom I gave it as a gift or recommended it. If you are interested in world affairs, and why our meltdown happened, and how to fix it, this is required reading. I have read many books alluding to what goes on behind the scenes, and ellen brown's is the best. She is simply clear and brilliant!...more info
  • Telling it like it is
    I have just finished reading Ellen Brown's book, "Web of Debt". I would like to offer praise for the quality of her research, her insight, and the recommendations she proposed for remedying our current economic mess.
    The description of the history and current condition of the "wealth extraction business" was detailed and masterful; her proposals for resetting our economic course were well-reasoned. I particularly liked that these proposals were diverse and not conditioned by a narrow perspective.
    This book is particularly timely since it seems that the mega-banking league is in the weakest condition that they have been in for generations.
    I have to admit that at first I was doubtful that Ms. Brown's credentials were sufficient for a book on economics, but when I read one of the excerpts on her website, I ordered a copy immediately. I am pleased to admit that I was wrong about her qualifications. Her work has spoken for her....more info
  • Crisis leading to opportunity--Web of Debt shows how...
    Web of Debt provides a clear, detailed understanding of our money system--This system is clearly in crisis but what Brown shows through this book is that we can clearly transform what looks like a crisis into an incredible opportunity to institute changes in a system that is collapsing and as a result, come out the other end better than ever.

    Its terrific!
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  • Good factual information, but some fundamental errors...
    The author does a good job in explaining the current debt-based, fiat-money fractional reserve banking system.

    However, there are few fundamental errors made, i.e.: "The gold standard had failed earlier because Great Britain and the United States, the global bankers, had run out of gold" (p. 207). A common fallacy is the notion that there is not enough gold to serve as money. Money is a medium of exchange. Gold is money and was selected as money by the people, not by governments. The service that money renders to society cannot be improved by changing the quantity. Any quantity of money can be divided and subdivided to reflect the market ratios or prices.

    The gold-exchange system has failed.
    The fractional-reserve banking system has failed.
    The fiat-money system has failed.
    The 100% reserve requirement gold standard has never failed.

    As Ron Paul notes in "Gold, Peace, and Prosperity: In the 67 years since the abolition of the gold standard, the Consumer Price Index has gone up 625%. In the previous 67 years, under an imperfect gold coin standard, the CPI increased 10%."

    Another fallacy is the belief that the Government (Central Banking System) does stimulate the economy by creating money and credit out of nothing (legalized counterfeiting). It does not. It simply creates booms and busts. A distinction should be made between money and wealth. Money is a medium of exchange. Wealth is what is received in that exchange. The injection of new fiat money into a society adds no new wealth. It merely redistributes purchasing power (institutionalized fraud), and thus the titles to existing wealth.

    I applaud the author's attempt to find a solution for a tax-free, debt-free Government. However, by allowing the Government to create money and credit without a 100-percent-reserve requirement gold standard, taxation/inflation is not avoided. In the absence of inflation, with increased production, the prices should normally fall. Even if the money supply is increased at a rate comparable to the "rate of production" and the prices have not risen, it is still inflation. The created inflation is a hidden taxation. Furthermore, without a 100-percent-reserve requirement gold standard, what would prevent the Government from inflating beyond the "rate of production"? As von Mises said: "Government is the only institution that can take a perfectly good piece of paper, print some noble words on it, and make it perfectly worthless."

    The statement: "The only enterprises left to the government are those from which private enterprises can not make a profit..... Government services may appear to be inefficient because public funding is lacking; but this inefficiency is not the result of lack of..."competition" (p. 416)" is simply wrong. The proper function of the Government of a free country is to protect individual rights, not to redistribute wealth. All the wealth is produced by individuals. People make wealth, government can only take it. Men live by production, the State lives by appropriation. There is no such an entity as "the public" since the public is a number of individual men. It is not for the Government to decide what "other services" the "public" needs. If "public funding is lacking", the "public" does not want to pay for that service. No service can be free, as long as someone needs to produce it. "Providing a service" for which the consumer does not wish to pay is by definition an inefficient misallocation of capital.

    Overall, I enjoyed the book for the useful factual information it provided and would recommend it to the readers not familiar with the current "money/credit creation" system. However, more Government control (Socialism/Fascism) is not the solution.

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  • All The Money Science You Never Got In School
    Ellen Brown's 'Web Of Debt'promises to reveal the shocking truth about our money system, and the book delivers on that promise. The most shocking truth of all is that this truth has been successfully ignored by most of the mainstream media for decades and successfully distorted when it wasn't.

    When you or your children witness the end of the fiat dollar, you won't be shocked- not if you read this eye-opening book.

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  • The truth, the whole stunning truth, and nothing but...
    I started reading this book because it has become obvious that something is terribly wrong with the economy of this country, and maybe the world... that all is not as it seems. I, like many others I've spoken to, almost intuitively sense that we are nearing some kind of crisis or disastrous apex. At first, it was the fantastic cover caught my eye. Then, from the first page on, I was led through a combination history lesson, mystery, and finally, crime novel that held my attention while it opened "the books" on the entire system that has brought us to this point. Where the ponzi scheme runs out of bubbles and newsuckers, and we must now face the consequences... toss the villains, weather the storm, and get to the business of constructing a banking and monetary system that "frees", rather than entraps us.

    What is predicted in this book has come to pass this year. And thanks to it, I now understand the game. I won't settle for the bailouts and bandaids being offered currently to reimburse the perpetrators. All being done to keep a bad system and a banking elite in power for just a wee bit longer, or for well meaning solutions that put us back into the same trap until we make fundamental changes. Anyone who reads Web of Debt will be qualified to take part in the decisions and debates that the current economic collapse will force us to engage in. You will now be qualified and among those leading us back to Kansas, and out of this economic dark age of financial serfdom.

    This book is breathtakingly in scope and insight, yet extremely readable. I have other books on finance, but they are so dense that I confess that I only got the basic gist of the subject, before shelving them for future reference. Web of Debt is not only more thorough than any work I have seen or read on the subject of the money creation scheme we call, grimly, our economy (and certainly more up to date); it is, by far, the most readable and fascinating for any citizen or layperson to "get it." I've never felt more comfortable with this subject, and never dreamed I would have such an easy to understand and comprehensive guide to helm my journey further into it....more info
  • Web of Debt predicts all our current banking woes.
    Helen Brown's book in the most important book I've read in years. She predicts all of our current banking woes. What is a hedge fund? Now I know. What are derivatives? Now I know. Why are Fannie May and Freddie Mac almost insolvent? Now I know. Helen predicts that they will both "vaporize." I hope everyone is paying attention. This is one of the most important books out there. If I were I stock investor I'd have known years ago to sell. Had I been able to invest in gold and silver, Helen told me to do so years ago when I read her book. It's all falling apart right before our eyes and if you want to know why, read this book....more info
  • If You Only Read One Book This Year - This Should Be It
    Of the thousands and thousands of books I have read in my lifetime, this is the single most important book I've ever read.

    I don't care if you are liberal, conservative, Libertarian, agnostic, Christian, Muslim, black, white, red, old, young, rich, poor, unemployed, tycoon or whatever... If you love your family and your country and you want a future you can believe in, YOU MUST READ THIS BOOK.

    Your mind will be shocked by the truth of how our money/banking/lending system works. Your conscience will be repelled by the evil actions taking place right under your nose; actions taken by people that you think are "respectable" and "educated" and "trustworthy."

    Thankfully, by the time you reach the end of this well-researched, well-documented, well-written book, you will know exactly what we can do to fix the situation and make the world a much better place for virtually everyone - a world that is more prosperous and more secure, where opportunity abounds and we are not burdened by an ever-expanding debt monster that threatens everything we hold dear. ...more info
  • Socialist Nonsense by a female lawyer from L.A.
    After noticing numerous historical errors asserted by the author early in the book I became suspicious. Her agenda seemed to be: Fiat money (backed by nothing) is good, so long as the government issues it. Money backed by something real is bad. Interest charged by private banks is bad, but interest charged by governments is good.

    So I turned to the back of the book to learn a little more about the author. This learned economist turns out to be a female lawyer from Los Angeles (La La Land). At that point the book went into the trash. Miss this one....more info
  • Absolutely essential reading for all citizens
    Ellen, THANK YOU for writing the Web of Debt. I believe the Web of Debt is essential reading for all citizens. We must educate ourselves about our monetary system to understand what needs to be changed and how it should be changed. I am astounded at the irresponsible behaviors that characterize the US and International financial systems and markets e.g., fractional reserve banking/lending, speculators, derivatives, short selling, naked short selling. I have recommended your book to my congressional delegation (as well as many friends) because I believe they need to educate themselves and make changes to our financial system and market. A debt economy is unsustainable, the gamblers have exerted control for too long, and we must make constructive rational changes now. As citizens we must educate ourselves. We need to evaluate historical and other models e.g., Ben Franklin, President Lincoln's greenbacks, American Monetary Institute, etc., that do not create debt. We must insure our nation creates a monetary system that is HONEST, transparent, clear, common-sense and appropriately regulated....more info
  • The book that makes the world make sense
    I finished the book yesterday, and I am eternally indebted to it for providing many of the "missing links" in my understanding of how the world works and how it once worked.
    It never made sense to me how the human race could create such wonders as the European cathedrals when today we can't afford to create buildings from cardboard, now I understand that at times the people of the past did not have to work like dogs just to survive. The JFK assisination finally makes more sense too, he threatened the military-industrial complex, but it never seemed that threat was large enough for them to take his life. The inclusion of the threat to the bankers makes the equation that caused his death make sense in a mathematical way. More recently the behavior of the stock market completely bewildered me as it was going down for no reason and rising in the face of news that should cause it to drop, and this book exposed the "invisible hand" that provides a reason for this.
    It also provides a number of frameworks that might be used to resolve the economic problems we currently face, in ways that can provide prosperity for all....more info
  • Web of Debt
    This is one of the best books I have ever read. Ellen Brown has managed to bring together history and finances in such a way that is so interesting that this book is totally addictive. I couldnt put it down.
    I highly recommend it - and if only more people would read this book, there would be a higher chance that our financial systems could change for the better.
    Thank you...more info
  • Money unraveled
    Excellent book on the beginnings of money. Excellent explanation of money as DEBT (system we have now) as opposed to money as a MEDIUM OF EXCHANGE (what it *should* be). The ending gets a bit laborious in introducing alternatives to the current systems which are, to be generous, unfeasible. Would've been better to map out a feasible way to get out of the current mess. However, excellent analysis of the current situation....more info
  • Read for your personal survival in dnagerous times.
    Excellent... a must-read for all americans who have "Skin-in-the-game" with the new economic direction of this country. Easy reading follow up to "the creature from Jekyll Island". If anybody wants to see the insidious undercurrent aimed at ruining our economy and our culture with global government ambitions, this is the eye-opener they cannnot avoid....more info
  • Very Interesting
    This book goes into detail about the mystical FED. It confirms things you suspect and things you have concluded, but never talked about. I enjoyed this book and think it would benefit anyone to read. ...more info
  • Frightening, Fascinating and Factual
    I confess that I have become rather a fan of Ellen Brown -- she has several video lectures on you tube that I have watched, as well as reading this courageous and beautifully researched and annotated book.

    One of the few authors who dare to expose the origins and the profit motivations of the central fiat banking system and the Federal Reserve, Ellen Brown details the trail of temptation that led early European wearhouse bankers to issue EXTRA wearhouse receipts for goods kept on deposit in their institutions -- successfully gambling on the probability that no significant number of depositors and receipt holders will ever come in to withdraw the substance (i.e. gold) all at once, so they could profit by "lending" receipts for a substance that wasn't actually in existence... meanwhile collecting interest and principal on that debt without ever risking any capital of their own.

    But, human nature being what it is, the lenders got too greedy and encouraged individuals and businesses to leverage too many investments until the markets crumbled under the bankruptcies and foreclosures that resulted... and that was 1929. We are seeing that again, and Ellen Brown teaches us WHY. She also explains what can be done to heal the nearly moribund economy of today.

    Meanwhile, some people are feeling entitled to just default on their over limit credit cards and learn how to defeat the bank's efforts to collect:

    DEFAULT !!! Escaping the Debt Trap and Avoiding Bankruptcy (Pocket Paperback)

    DEFAULT !!! Escaping the Debt Trap and Avoiding Bankruptcy (Kindle edition)

    After you read Web of Debt, you might not be too critical of those folks for deciding to do that.

    ...more info
  • The Lights Are Coming On
    Someone searching for this book will probably already be familiar with books such as Creature From Jekyll Island and The Money Masters. For them, this is a good refresher book with a material pertaining to our current mortgage and debt bubbles. For those who are only now starting to try and figure out what is going on in our world and where the money is going, this is a great start. The author of this book has managed to provide a brief history and diagnose the current failures in our financial institutions while showing us that there is a way out and towards a more prosperous world in an entertaining manner. Read this book and then pass it on....more info
  • Flicker to a Flame
    The truth could not be made any clearer than the do the words of Ellen Hodgson Brown. This book, in a nutshell provides the answers on everything you ever thought, heard or suspected of the financial world, but were afraid to ask. This is not an opinionated view of the world from the perspective of one, rather a cold and straightforward look at the world by which we are controlled in. Brown has backed up all with a litany of professionals and `people in the know', substantiating the content, as well and a host of sources, all very well documented.

    Banking and Investment has sold us out, and now it wants us to bail them out, by taking interest from your one pocket and bleeding the remaining nickels from your other. There is chaos in the air and people are afraid of what is to come. Everyday brings with it the news of more layoffs and bleak forecasts. Fear......is in the air. Fear breeds complacency and fear is what advances the financial worlds grip on this society.
    This book will clear that fear, that I promise.

    The key to their success is dependent on their ability to keep people confused and in fear by creating this illusion of themselves greater than what they actually are.....Crooks and embezzlers. Brown's book strips away the illusion and exposes the stark nakedness of the financial world, but offers viable options that will free society from their grips that they have enslaved us in.

    If ever a book could change society, this is the one. This book strips away the fear of uncertainty,
    And will anger your soul. Change begins with a flicker and raises to a flame, and the flicker begins with this book
    ...more info
  • This is one of the best books I've ever read.
    If you are worried about what is going on in America right now, you must read this book! It is arguably one of the most important books of our time and should be required reading for all college students and every adult that has money, or wants to have money, in their lifetime!

    Ellen Hodges Brown does an excellent job explaining the complexity behind our economic woes today by leading the reader through arresting facts, colorful stories, and a blow-by-blow history of our US money system, with a time line of political and financial decisions and events that have shaped the takeover of our personal and American financial freedoms and led us blindly as a people into today's economic crisis and escalating federal deficit.

    Read this nation's monetary story and understand facts that are not disputed by experts and leading authorities and historians, but are simply not discussed `in public' for fear of causing public panic or protest. In the Web of Debt the author maps out the alarming truth of how value and money is actually created by banks `out of thin air', on paper and on electronic banking systems, and put into the greater money supply by exponentially giving and leveraging commercial, consumer and government loans. It won't take you long to realize how and why the last decade of perceived growth was funded by the creation of ever-expanding loans to consumers, and consequently the real underlying drivers of the mortgage and credit crisis. They're not telling you everything.

    One of the more important insights the book outlines in depth is the history of the Federal Reserve and why it's name is so misleading: it is neither `federal' nor does it hold cash reserves as we the people have all been led to believe. Rather the Federal Reserve is a privately-held corporation, held by a few secret wealthy banking families and a consortium of the 10 largest US banks (i.e. Citibank, Bank of America, and JP Morgan Chase) and it has no direct accountability to the US government. Actually, the Federal Reserve acts independently and maintains careful control over our US lawmakers and leaders in ways we've never been explicitly told. This gives you the insight to understand what's really going on when a top 10 bank receives bailout money: they have been in essence bailing themselves out with our taxpayer money.

    You'll read how our financial markets, economic measures, and the value of the dollar are artificially manipulated and created by a small powerful private banking cartel, private financial institutions, and even a secret group called "The Plunge Protection Team" that pull the strings on the larger financial system which is now completely out of control. Knowing the history and what's been going on in the financial system helps us understand the unconstitutional factors enslaving us, as Americans and as the US workforce, with ever-increasing addictive productivity demands just to keep our heads above water, and why that deterioration has also taken the bottom out of the stock market and corporate business value.

    The author has done an incredible job making the very complex story easier for us regular folks to grasp. But it's not all gloom and doom. There are solutions IF our elected leaders and banking institutions make the right choices going forward. But what are the right choices? The journey you go on through this book makes the choices clear for you so you can determine yourself what is the lasting solution that will fix the big mess systemically. We all know that temporary band-aids will no longer fix the American economy and restore us as taxpayers and workers to whole - it's going to require major surgery and a fundamental change in our financial paradigm and systems. The book outlines what has worked in world history, what has not worked, and how we can truly restore our economic freedom and return to the banking system of the US Constitution, prior to the Federal Reserve Act of 1913. If we ever want to break free of the old debt-based monetary system, and the chains of the ever-growing mega national debt, and live free and comfortably under the democratic principles that made this country great, we the people are going to have to take more interest, control and responsibility for shaping the future, and we're going to have to do it by understanding the behavior and the implications that are driving the socio-economic political institutions that we have empowered.

    A friend told me to read this book last summer but I didn't get around to it. I sure wish I had read it then, before the economic collapse hit the news in the fall and the subsequent events. Having read it my eyes are open now. I encourage you to read it and better understand the implications of the news and historic events going on in our country today. Other books on the Federal Reserve have been written, but if you're only going to read one book on the subject, in my opinion 'The Web of Debt' is the one to read as it is comprehensive, well-written, and intriguing. Knowledge is power and every US citizen should be empowered by this knowledge to insist that 'we the people' act to keep our democracy and our financial futures more secure.
    ...more info
  • Nixing the Nattering Nabobs of Negativity
    Nixing the nattering nabobs of negativity

    I've been a fan of Ellen's for some time (full disclosure) but have not weighed in on Web of Debt - until now. I went through the one-star reviews to see if I could find any merit in their criticisms. I've failed. The most strident objections seem to come from readers who have been so conditioned to react in horror to any government attempt to aid those making less than $10 million a year with cries of 'socialism'. We'll just let the events of the last six months speak for themselves.

    Perhaps even more horrifying than socialism to gold-bugs is the charge of being a Keynesian. I must admit to having some reservations about Keynes's accomplishments. There was a financial component in the causes of the Great Depression, of course. And even Keynes's more strident critics do not dispute his grasp of the mechanics of finance capitalism. But Keynes and FDR were simply trying to revive a capitalist social order already choking on its own success. (I'm not one of those nasty Marxists either - though I learned more about how the economic system really works reading Marx than in all the formal economics classes I've ever taken).

    The point is it would have been much easier if we tackled then what we are going to have to tackle now - constructing a new social order that distributes the benefits of advances in science and technology underlying the Industrial Revolution in ways that promote sustainable economic and cultural evolution.

    There is a danger of making too much of this because most of Ellen's book is devoted to educating the public about how the debt-based monetary system really works - to keep people enslaved - not alternatives to that system. That is a HUGE task and it is likely to be a long time before anyone tops "Web of Debt". (A classic that comes close is Frederick Soddy's WEALTH, VIRTUAL WEALTH, AND DEBT. But it was first published in 1926.) The fact is that most people, including holders of advanced degrees, do NOT possess "a tenth grade understanding of the origin of money" - and Ellen provides it.

    There is NO system that can free citizens of a democracy from the need for a basic understanding of money. It isn't just the government and politicians who would otherwise take advantage of their ignorance. It is the 'money power' - bankers, Wall Street, the extremely wealthy, etc - who will manipulate the system to keep us enslaved and keep running the machine that is chewing up and destroying the planet. The lynch-pin of this system IS an exponentially escalating supply of fiat money. On this Ellen, gold-bugs, Libertarians and anyone else who has taken a serious look agree.

    There is an urgent need to insure the money supply does not grow any faster than the output of the real economy it can purchase. Before we can get there, however, people must understand the nature of money as the key element of the social contract and the basic pillar of civilization. Ellen repeatedly cites Stephen Zarlenga's "The Lost Science of Money" in explaining what money really is - or should be. Zarlenga is a great read but for busy people who don't have the time to read 700 pages of the history of money, there is no substitute for "The Web of Debt".

    Toni Decker, California


    ...more info
  • Web of Debt is a must read!!!
    I found Ellen Brown's book Web of Debt extremely well written and researched. She takes a very complex subject and digests it into a form that actually makes economics and its history utterly fascinating. Economics reminds me of one grad school physics course I took many years ago. It didn't require advanced calculus, but the terminology drove me insane. If Mr. "Econophile" thinks a little pamphlet is all you need to truly understand this labyrinth he must have a very creative reality. I also hope Mr. Econophile is not a district attorney. For if he is, his conviction rate will be zero since "conspiracy theories" are not relevant to his way of thinking.
    ...more info
  • Pigs in the (money) trough?
    I can wager that no more than 1% of the "educated" populace (incl. University educated) knows what this book (and other books like it) explains. Most "educated" people are just getting on with their businesses of partaking in the accumulation of debt-created "wealth". This book (and others like it, such as "The Grip of Death", ISBN-1897766408) should be made compulsory study in schools and universities the world over. I doubt if governments would allow such studies, though, because their incumbents would lose their jobs. Even if they have knowledge of it, I can't see either the current Prime Minister of Britain or President of America (2009) acting on this knowledge (with its solutions) in the current national and world financial crisis (2009). Echoes of "Animal Farm" with its pigs in the (money) trough?...more info
  • Unbelievable
    I've been interested in the general topic of this book--our flawed and corrupt money creation/banking system and the albatross on the back of our society it represents--for a while now. Until reading this book, educating myself mostly involved absorbing the doom and gloom reality of the situation.

    The best part about this book, as one reviewer already mentioned, is not Ms. Brown's immaculate analysis and presentation of the profound absurdity and utterly unnecessary folly of our current predicament. It's her optimistic proposal of an excellent, rational solution to monetary reform that could ultimately get us as close as possible to a utopian society, and in any case represents the system our founding fathers truly had in mind.

    This book was the lynchpin for me that completely laid bare and clarified my thoughts about our f*cked up money system as it exists today and the fundamental, structural flaw(s) it inflicts on an otherwise prosperous and benign world, and the miserable consequences of its continued existence--then shows us the way out.

    This book will undoubtedly provide every rational, thinking person with a brand new window through which to view the world. Understanding our dysfunctional and corrupt monetary system and how it shapes our society connected the dots for me in a way nothing else has and created an amazingly clear "big picture" that fundamentally changed my perception of just about everything. It also made most left vs. right/liberal vs. conservative political issues and arguments irrelevant since it pretty much overarches and transcends them.

    I wholeheartedly agree with the majority of the reviewers here that it's one of, if not THE most important book you'll probably ever read. Get it any way you can and feed your head. Then spread the word to anyone else who will listen. It doesn't matter whether Amazon has it in stock since you can do like I did and buy the eBook version directly from the author's website: webofdebt.com. Given the timeliness of the material and the fact that the author does an excellent job of updating/revising the text and website to reflect the current financial meltdown as it's presently unfolding, that's probably the best method of purchase anyway.

    If you agree with the author's general diagnosis and especially her proposed solutions, and believe like I do that she is correct in her assertation that a financial meltdown such as the one we are currently witnessing is the best chance to implement changes, then NOW is the time to act. First step: educate yourself....

    ...more info
  • The Banksters' Ponzi scheme is collapsing!
    Over the past few months we have witnessed the American economy's downward spiral taking the wold down with it (thanks, globalization). As government officials and their media lackeys obfuscate the reasons why, Mrs. Brown clearly spell out the natural consequence of allowing private bankers to control the money supply. What we are witnessing now is what happens when the Ponzi scheme reaches its mathematical limits... complete collapse of the system. The one thing I would like to see included in later editions is more on what I as an individual could do about it (she speaks at length on how the system needs to be changed, but I just want to protect myself and my family, I don't want to lead a national movement)....more info
  • The most important book of our time!
    Ellen Hodgson Brown has proven herself an absolute genius! I specialized in foreign languages in university, but economics was one language I really had no interest in, until recently, when I was awakened to the mass corruption governing our world and ultimately our lives. This book explains clearly and in an easy-to-understand manner WHO controls our money supply, who and what forces are and have been responsible for or behind the rise and fall of various currencies over the past decades, and why ours is going to be next. She also shows us a way OUT of the global economic crisis we now find ourselves in and proposes a number of possible and legitimate alternatives to the corrupt fractional reserve banking system that is sinking the American people deeper and deeper into debt, impoverishment, and enslavement. There ARE other alternatives! There IS a way OUT, but it is NOT, I'm sorry to say, the gold standard that so many people, most notably Mr. Griffin, author of "Creature from Jekyll Island", are hailing as the ultimate solution to our economic woes. Gold and silver backing didn't prevent the Great Depression! Gold and silver are just as open to manipulation by the people who CONTOL it! It's the fractional reserve system and the banks creating money out of NOTHING, and then charging US for it, that are to blame!

    The original money used by the colonies was NOT backed by gold, and those were times of unprecedented prosperity! We were prosperous because we printed our OWN MONEY! That's the key! Gold and silver backing will do nothing until we get rid of fractional reserve banking!

    To sum up, I have learned SO much from this book! I learned more from reading this one book than I did in all my years of public school education! This is a MUST-read for ALL who are interested in securing our release from the Web of Debt that currently has entangled us all....more info
  • Must read
    This is a breakthrough book. Not only because of its breadth of research and readability, but for the bold confrontation it has about solutions. I have been hearing about it on talk shows and in discussions at political forums, and now I see why it is so important. Personally it is a breakthrough because it is the first book on such a deep subject that had a strong enough narrative and writing style that it escaped being relegated to my reference shelf after a brave perusal on my part. I read it all. Loved the history and background, and the thread of the Oz analogy, but especially valued Ms. Brown's outsider view of banking and money, and patience in explaining and examining it all.
    The solutions and options it boldly proposes offer realistic directions for us to look to head off the sort of collapse that the old guard banking system is about to plunge us in. Send it to your state legislators, mayors, governors; they will need it.
    ...more info
  • A very comprehensive book on the subject
    This book explains how our lives are dramatically affected by the control of our money system by the financiers; how we are kept in perpetual debt, and how our lives and our country and community are diminished in our capability to get ahead. Some of us have known much of this information for some time, but this book is comprehensive in it's explanation of just how this condition has developed and how the financiers have usurped the power of the government. It explains how and why our politicians fail to serve the people and why popular and critical programs favored by the majority of the people never see the light of day. The book provides a perfect insight into just who controls the country and the world's economy and for who's benefit. This book should be required reading for all people. I highly recommend it....more info
  • Web of Debt
    This product was in excellent shape when received. I am really looking forward to reading it as I understand that Helen Brown is not biased and has done a lot of research to bring this book to the American public....more info
  • OMG!
    Yes, OMG! What an education. We really are a nation of financially uneducated, brainwashed, sheeple. This book makes it perfictly clear why today's world and economic events "are as they are", and where we are headed as economic surfs. This book is clear and easy to understand. It should be required reading for everyone. Buy this and read it, you will be furious at our government leaders and want to know more about how all of this very real world wide economic fraud will chage your life. Follow the Yellow Brick Road!...more info
  • Ain't that just like a (socialist) woman lawyer (from LA)?
    (Perhaps I should have submitted this as a follow-on to Michael J. Butler's 1-star review.) This is what happens when women are permitted an education. Pretty soon, not only are they reading books - they are writing them. And they are even becoming lawyers! And `socialism' - Oh, the horror that the government should be helping anyone with an income under $15 million a year! I myself trust those economics PhDs to know the right thing and not be swayed in the least by ideology or political expediency. The damn lawyers should just stay out of their business.

    And then there is fiat money... Tell me when money has ever been "backed by something real" since the invention of fractional-reserve banking. True enough, at various times in our past it has been possible for insiders, skeptics and misers to cash in. But when everybody tries it, that's what's called a bank run. Too bad you threw away the book, Michael. You could have read about that stuff.

    Ah, but what is money, anyway? Is it not a claim on society's real wealth? So, if it isn't going to be issued by governments - who at least have to make a pretense they represent the interests of the public, I think it should be issued by ... ME! Just like old times, I'd even be willing to back a large percentage of my money's nominal value with precious metals - so long as I could issue enough to buy the governments in whose name I was issuing it.

    Ah, Michael. It's all right there in Ellen's book, or at least one of the many she references, like Stephen Zalenga's "The Lost Science of Money". If it's not too late, maybe you'd better go dig "Web of Debt" out of the trash.
    ...more info
  • Let's throw, like Jesus Christ, the moneylenders out of the temple (=ancient central bank)
    Ellen Brown's book is a formidable eye opener. It unveils in a dramatic way the real political and financial history of the US: the battle for the control of the money machine which makes national currency out of tin air.

    US history
    An all important issue in US history was the struggle between those who supported the idea of a people's (national) bank controlled by the government and those who wanted, for their own pockets, a private (central) bank controlled by a privileged class of financial middlemen. The epic struggle was fought with dirty means (political murders) and won by the latter ones, who thereby were legally entitled to siphon a perpetual tribute in the form of interest from the issued governmental debt. A financial oligarchy with a de facto monopoly was born with enormous power over and within the State. As President F.D. Roosevelt stated: `A financial element has owned the Government since the days of Andrew Jackson.'

    Financial web of debts
    All money in circulation today comes from government debt that has been monetized by the banking system. The argument that the government should borrow from the banks and not print its own currency is a fallacy, because the banks also create money out of an empty hat (booking loans as assets and use these `assets' many times over again as new loans). There is in any case virtually no `real' money in the system, only debts.

    This book shows abundantly that the financial markets are rigged (we discovered recently that the Ponzi schemes were launched from the top).
    In the words of the late Susan Strange, we live in a world of casino capitalism. Only 2 % of foreign exchange transactions relate to the real economy, the rest is pure speculation.
    Banks, allowed to create money out of nothing, can advance massive loans to their affiliated cartels and hedge funds in order to manipulate markets. Their derivative bets are staggering (370 trillion $ = 28 times the annual output of the entire US economy!)
    Staggering are also the numbers of `phantom' shares that are being traded as `naked short sales' (which is legally the same as counterfeiting).

    International policies
    This US financial monopoly network controls also the international money and commercval system (IMF the World Bank, the WTO). As R. Simpson states in the introduction: `It is a world power elite intent on gaining absolute control over the planet and its natural resources, including human resources. The lifeblood of this power elite is money and its weapon is fear.'
    Like international pirates, its representatives were dancing on the heads of millions of destitute people, of whom they robbed half of their purchasing power when the Mexican peso was devalued.

    Alternative options
    Alternatives are needed because as Abraham Lincoln said: `The wages of men should be recognized as more important than the wages of money.'
    For B. Lietaer, `we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. The job of central banks is to create and maintain currency scarcity. The direct consequence is that we have to fight with each other to survive.'

    The power to create money needs to be returned to the government and the people it represents. Investments could be redirected into education, social security, infrastructure, environment, health care and alternative energy sources.
    Moreover, `If the US issued its own money, that money could cover all its expenses and the income tax wouldn't be needed.' (Richard Russell)
    But most importantly it would demolish the political power of a tiny oligarchy of bankers whose unlimited source of funds permitted them to buy the media and the government itself.

    Political alternatives
    In the current context, `elections are only apparent choices, like choosing a brand of detergent made by the same producer.' (A. Roy)
    So, `for progressive movements the future doesn't lie with electoral policies, but in street warfare and consumer power.' (H. Zinn)
    A Tobin tax on all sales of shares and derivatives should be levied internationally in order to bring all trading into the open!

    This formidable book is a must read for all those interested in US history and for all those who want to understand the world we live in.
    ...more info
  • The book of the decade - perhaps of the century!
    This is a large book, and it might be intimidating to some. But I can confirm that it reads like a thriller. Among Ellen Brown's many skills is the sense of how construct short chapters that each fit into one sitting, even for a busy person. Most important, however, is the subject matter, which is electrifying. I discovered that we are victims of a 400-year conspiracy of silence, allowing ourselves, and our country, to be manipulated into devastating debt so that private bankers can continue lining their pockets in perpetuity. I'm still in shock from the discovery that the United States does not issue its own money, but has to borrow it, with interest, from private bankers. The history of this "secret scandal" is clearly laid out; the desperate crisis we are in now is explained in detail, and best of all, the possible solutions that can save our country (and the world) from total economic collapse are clearly described. This book, I am sure, will be the "bible" for all who are ready to "blow the whistle" and start changing the system, one reader at a time!...more info
  • Pure Keynesian nonsense
    It should be very clear by now that the current debt-based monetary system is rotten to the core and on the brink of collapse. The credit bubble and the fiat-money system built on it will come to an end. Yet, the alleged "solution" of the author is pure Keynesian nonsense. If the state assumes full control of the fiat money supply, as if it did not have it already, the result will be even more inflation and certain disaster in the end.

    In spite of all the conspiracy nonsense out there, the Fed, and any central bank for that matter, is nothing but an instrument of the state for generating inflation. All governments love and are absolutely committed to inflation and credit expansion, by the way. The Fed is rather a "partnership" between the private banks and the state. It is a symbiotic relationship from which both parties benefit at the expense of normal citizens.

    In my opinion the only real solution is not to have the state issue fiat money directly, as the author suggest, but to return to sound and honest money instead, that is, a gold standard with 100% reserve requirements. It is the fractional-reserve practice (institutionalized fraud) and credit expansion which are the root of all monetary evil.

    I don't want to end this review without quoting Hans-Hermann Hoppe (Austrian economist) on Keynes and his interventionist/inflationary economic system: "Here we have Keynes, then: the twentieth century's most famous "economist." Out of false theories of employment, money, and interest, he has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money."...more info
  • It's Hard to Find Enough Superlatives...
    Could be the most important book you will ever read. At least this is the one that could save our nation from financial and economic ruin. I'd say that makes it important.

    I've been studying this subject for years, and have been planning to write a book or two on the subject myself. Only every time I've gotten deeply into the research, I've found that someone has already written an excellent book covering the same material. This happened with Rothbard's "A Case Against the Fed", Griffin's "The Creature from Jekyll Island", Korten's "When Corporations Rule the World", Quigley's "Tragedy and Hope", Sutton, Engdahl, Skousen, and many others. I had thought the best book on the subject had been written by Stephen Zarlenga with "The Lost Science of Money" and have attended his American Monetary Institute conferences. But Ellen Brown's book tops them all!

    I can't count the times I had to lay the book down and wonder how someone so recently introduced to the subject could become so astute in so many areas so quickly. She must have a brilliant mind, because I was dazzled by her comprehension and ability to put complex ideas into simple terms. What an amazing accomplishment!

    The one star reviews here are seriously flawed, if not deliberately disingenuous. The book is not about the "polemics" of the "LaRouche" or any other "camp". It does not advocate Keynesian or "socialist" solutions. It advocates common sense and practical solutions. Such labeling is spurious and violates rules for civilized debate and discussion. It is also curious that one could so thoroughly pick out all of the two or three trivial errors in the entire book while missing or misrepresenting the important points and large ideas and issues. The claim that the author calls "for bigger government with fewer controls" is patently false. The call is for better government that is more responsible to "we the people" and for a reduction in the onerous taxpayer burdens that come with usurious "debt-based money" created by private banks at exponentially compounding rates of interest.

    T. Anderson adds, "How we can trust politicians with our money system any more than we can the bankers is not clear to me;...". But if he read the book, it SHOULD be clear. Government is at least theoretically responsible to the electorate, while "de-regulated" private bankers are responsible to no one, and have spent centuries proving it to us. However, they ARE responsible for our current terrible financial predicament.

    The "banking syndicate" has wrested control of our government from us, (the people) thoroughly corrupted it, and then points the finger of blame at it for being corrupt and irresponsible. It's true, as Ms. Brown's excellent book points out. No one could make this up! While T. Anderson claims that conclusions in the book are "based on half-truths and shallow analysis", it is his arguments that are so based, and not the author's. While it is clear that wider education and discussion of these massive problems is needed, a prerequisite is clear thinking and terminology, cutting through the double-talk. "Web of Debt" does that masterfully.

    Just buy it! Or buy several and give them to those you love. This book has the power to change the world for the better....more info
  • Fantastic, can't put it down
    I've never read anyone who writes as well on this topic as Ellen Brown. It's can't-put-down material. If you want to really know how money works and what we can do about it, Ellen's #1 by far!
    Bill Still - "The MoneyMasters"...more info
  • Thank you Ellen
    I had Economics in school which bored me to tears. THIS book however had me riveted to the material, as it explained in plain english economic theory of today while showing the reader what is happening to their pocket book, their country's economy and the world economy. All this and showing how we could easily get out of debt very quickly with tried and proven economic ideas. I think my favorite part is how the author tied in "The Wizard of Oz." THANK YOU Ellen!...more info
  • Important; Insightful; Imperfect
    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....more info
  • A book we all need to read US citizen or not
    I started reading on our monetary system to make myself a personal idea on the current international financial crisis. And what a surprise! We would be far better off if, we citizens, had a better knowledge on the history of the international monetary systems. The problems we are facing are only there because we left the issue of money to politics and bankers. This book retraces the US history related to monetary creation, and explains clearly where we come from, and where we are going... We all need to read this book if we desirer to free ourselves and our countries from the artificial and oppressive debts that are making us slaves of the Banks and Bankers.
    This book is not about literature it's about our children's future. Very educative and easy to read.
    ...more info
  • Complicated but compelling
    Web of Debt is a very heady look at the world money system. Ellen Brown takes the reader on a very detailed and insightful journey into the history of money, not just for the US, but for the entire globe. The author reveals a very deeply corrupt system where money is created out of thin air for the benefit of private banking organizations, leaving a trail of indebtedness in their wake.
    The text is very detailed and at times seems repetitive and perhaps a bit technical for the average reader. It is much like opening Pandora's box. The reader learns all this insightful information about a corrupt institution that is oppressing progress for the entire globe, but may feel completely helpless to do anything about it. But even so, ignorance isn't always bliss.
    I could have gone as high as 4 stars on this title, because the book is very well written, with good research and well supported facts, but it is a long book and as I said above, it is very detailed. This isn't a title you'll pound out in a weekend....more info
  • Absolutely breathtaking and by far, the best book I read this year.
    Reading this book is like discovering "the matrix" and following the white rabbit down the rabbit hole to its end. This book explains it all in terms of our "fiat" monetary system- it origins in the Netherlands, working its way through England, and finally ending up in our shores here in the USA. It goes into detail explaining how the monetary system works in this country via the Federal Reserve System (FED) and the private banks. What some might be surprised to find out is that the FED isn't so federal. Instead, it is run by a private banking cartel doing whatever it can to ensure its interest and in our present day, its very own survival. The book has a hopeful ending to the current credit crisis and presents a few ideas for the reformation of the monetary system that include putting the creation of money back in the hands of congress again and issuing "debt-free" greenbacks and silver/gold coins or a multi- commodity backed world currency in various forms so we are not indebted to banks and private lenders anymore. Basically put, the current system does not work and is on the verge of collapse due to its inherent flaws of issuing debt based currency "out of thin air". That along with the fall out of the credit crisis, derivatives market, i.e., CDS's and CDO's, high payments for interest on the national debt, the increased selling of dollars in the international market, and high inflation, all spell doom for the banks as they exist today. THis book is absolutely stunning and incredibly easy to understand. This is the one book you do not want to go unread. Highly highly recommended for all Americans. This is definitely one of the most important books I have read in my life time and it is one that simply cannot go untouched or discussed. I'd give this book a 6+ stars if it were available. ...more info


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