Monthly Archives: April 2007

Money as Debt – a “must see” video

Paul Grignon’s video production, Money as Debt, is the best presentation I’ve yet seen that explains in simple and straight forward language (with supporting animated visuals) the true nature of money and the dysfunctional and undemocratic nature of the global banking system. It is available on Google video and runs about 45 min.

The main website is:
Here is a brief description from the web:

“Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.”

While I have some difference of opinion about what needs to be done to remedy the situation, I give this video the highest marks for its accurate reporting and clear presentation of its essential message.

Please give it your close attention.

New Research Guide on Complementary Currencies

I have written a research guide on my specialty, complementary currencies, that has been published by Fields of Knowledge at:

The Infography about Community Currencies

This is comprised of a short list of “superlative sources” and a somewhat longer list of other good sources on the subject.

The Infography appears to be a very good reference resource on a wide range of topics, and I suggest that you consult it when doing research on any subject and consider adding the following link to your blogs and web pages:

The Infography: Research Recommendations from Professors, Librarians, and Other Subject Specialists

Congressman Ron Paul on the FED Monopoly Over Money

Ron Paul’s Texas Straight Talk – A weekly Column

The Federal Reserve Monopoly over Money

April 9, 2007

Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic committee. The topic that morning was the state of the American economy, and many of my colleagues raised questions about how the Fed might better “regulate” things to ease fears of an economic downturn. The tenor of my colleagues’ questions suggested that Mr. Bernanke’s job is nothing less than to run the U.S. economy, like some kind of Soviet central planner.

Certainly it’s true that Mr. Bernanke can drastically affect the economy at the drop of a hat, simply by making decisions about the money supply and interest rates. But why do members of Congress assume this is good? Why do we accept without objection that a small group of people on the Federal Reserve Board wields so much power over our economic well-being? Is centralized, monopoly control over our money even compatible with a supposedly free-market economy?

Read the full article….

Banking Breakdown

You know there is something very wrong:

  • When you can’t get your money out of the bank?
  • When prices of everything suddenly rise or fall?
  • When your bank account and other assets become worthless while your debts remain?

An unlikely scenario?
Unfortunately, not.

See what happened just a few years ago in both Argentina and Turkey by viewing this revealing documentary.

Money: Who creates it? Who controls it? Who profits? A film by Isaac Isitan. Les productions ISCA, Montreal, Quebec.

Is the USA safe from such scenarios?

I don’t think so.