Friday, September 19, 2008
Book Intro3: THE WEB OF DEBT
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 nw created as loans advanced by private banking institutions. 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.
This is among the books that will shock you and make you rethink of the ability of expedient, loud and sensational politicians amongst us to "lead the way.
Web of Debt unravels the deception and presents the financial abyss towards which we are heading. The author, Ellen Brown draws upon her experience as a litigating attorney, researcher and writer in the monetary field in writing this book. The book largely analyzes the deceptive "money system of US". Many do not know that the US Federal Reserve is a private company! Malaysians who are concerned about the money system and its effects on daily life will be interested to read this book.
My rating: Must read book for Raperas. (Politicians are exempted because it may be too much for their grey matter!)
BY the way, the KLCI index drop reported in the papers today will be no surprise to those who have read Matthias Chiang's books. He has predicted this long time ago and to use his phrase "the shit has not hit the ceiling yet!".