Web Of Debt Introduction

Introductory comments by Jere L Hough

For those who want to fully understand our world’s current financial predicament, the real look at “just how deep the rabbit hole goes”, I have found no other written work as thorough, plain spoken, and balanced as the book, Web of Debt, by Ellen H Brown.

For several years I had been planning to write a book exposing the Federal Reserve System, and the “international central banking syndicate” in ways that the common person with a high school education could easily understand. Finding and reading this literary triumph was both a great reward as well as a disappointment. I realized that I could do no better at explaining this difficult subject of money-creation and control than Ellen Brown had done in the book I was reading. My efforts have shifted now to trying to alert as many people as possible to what is really happening to our world’s economic systems, and why.

Let there be no doubt that those who control the economic systems and therefore, the money that is the life-blood of those systems, are more powerful than transient political leaders of the moment. Those who can collapse a nation’s economy with a nod of the head are more powerful than any president or prime minister, or congress or court. Only an awakened and informed citizenry can retake the power of economic sovereignty that has been taken from them by shrewd, wicked, greedy and deceptive international financiers who are now engaged in a dance of death for power and control over you, your family and future, and everything else we hold valuable and dear.

We can no longer afford to ignore these grave storm warnings of the approaching “perfect storm”. It is no longer coming.  It is here.  Financial and monetary reform can wait no longer.  Ellen H Brown’s peerless book, Web of Debt is the yellow brick road that could take us home.  It’s time we were on our way.    – Jere L Hough, 2009-02-25

Web of Debt
Ellen H Brown

Introduction:  CAPTURED BY THE DEBT SPIDER

President Andrew Jackson called the banking cartel a “hydra-headed monster eating the flesh of the common man.” New York Mayor John Hylan, writing in the 1920s, called it a “giant octopus” that “seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection.” The debt spider has devoured farms, homes and whole countries that have become trapped in its web. In a February 2005 article called “The Death of Banking,” financial commentator Hans Schicht wrote:

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Open Letter to President-Elect Barrack Obama

Open Letter to President-Elect Barrack Obama
by Jere L Hough
2009-01-06

Dear Barack Obama:

Congratulations. Your election brings the “audacity of hope” for real and meaningful change in these dark economic times. I have always wondered if you fully comprehend the nature and gravity of the economic problems facing our nation, and the world, and if, indeed, whether any human being is capable of offering the leadership and inspiration to effect the depth and breadth of the needed changes in our critically ill economy and financial system. There are a few people – very few indeed – who really understand what is wrong with our banking and financial system, and how to actually fix the problems at the level of causation.

I have agonized over how to best get this message out to those who can influence policy and bring about needed fundamental and substantive, rather than cosmetic, change.

Let me digress for a moment. After growing up in the last “Great Depression”and WW II, I became aware during my military service and my college years that the great sounding slogans of the Post-WW I era, the League of Nations, the FDR New Deal, the wars “to make the world safe for democracy” and the post WW II promise of world peace brought by the United Nations, were all just so much empty rhetoric, canned for public consumption.

Nothing of any real consequence changed. All of the human problems of poverty, hunger, disease, warfare, genocides, and man’s brutality and exploitation of his fellow human brothers and sisters has continued to grow, even as some enjoyed unprecedented wealth, technology, and luxury. Surface levels of prosperity for the privileged few hid most of these problems from public view in America.

The gap between the “haves” and “have-nots” of the world is increasing exponentially, but why? This is the eternal question for which there are thousands of answers, all of which make little sense and will not work to actually address the problems at the fundamental levels. About 50 years ago I resolved to figure out the answers to that great and seemingly unsolvable question. The answers are not to be easily found in the halls of formal education, although a broad understanding of the Liberal Arts, Humanities, Social and Behavioral Sciences, and most especially, History are indispensable in laying the foundations for working though the “maze of deception” and misinformation that obscure the most important truths of our current social economic and cultural era, and how it is really controlled.

My journey of discovery resulted in a long string of “epiphanies”, each built upon the former. What I finally discovered, or came to realize, was shocking, disturbing, unnerving, and yet strangely hopeful. I found that there is one root problem and a key solution for it that has not yet been tried, or even seriously considered, much less widely discussed or debated. “The Powers That Be” want it that way, and so the real root problems and their solutions are inimical to the interests of TPTB.

I want to emphasize the “hopeful” aspect, because the solution to our greatest problem, the root cause of most other large-scale human problems, is unbelievably simple, easily achievable, and can be accomplished almost overnight, IF, and this is the big IF, the political and economic will to do so can be mustered, and the special interests that reap enormous unearned wealth from the current system can be overcome. And this will take massive education, informed leadership, elimination of centuries of conceptual error, and the adoption of an entirely new paradigm in our ways of thinking about one of the most basic institutions that shape our modern world: money.

The failure to understand the truest and highest concepts and definitions of money, and what is is, or should be, is leading to the series of unprecedented economic upheavals that have begun, and will continue to escalate in a downward economic spiral that can only end in total despotism or economic slavery for most of the world for untold generations to come.

This statement is not an exaggeration or hyperbole. It simply is a recognition of the universal laws that govern such things, and was a part of my learning process. I hope I can make it a part of yours, and with enough awakening, real change just might be possible in time to avert the worst of the cause-effect consequences that are now manifesting.

Money, or the love of it, is the root of all evil. As true as that proverb is, there is more to the story that that. The greater evil is the misunderstanding of money, what it is, where it comes from, and who controls it, or should control it. How is should be controlled is also crucial, as to volume and regulation of value. How money enters into circulation, or is withdrawn from circulation is also a major issue.

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