"Brown: Our money is an illusion. Except for coins, which compose only one ten-thousandth of the money supply, all of our money today consists of debt to private banks. Banks always take back more money in principal and interest than they put into the money supply as principal, making the system basically a pyramid scheme. After 300 years, this scheme has spread around the world and has now reached its mathematical limits."
Monday, September 21, 2009
Web of Debt author Ellen Brown on debt money, why money is collapsing and why central banks need adult supervision:
Posted by Mother of All Carry Trades at 6:39 PM