Difference between revisions of "Secret of Oz"
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;Remember - It's not what backs the money, it's who controls its quantity. | ;Remember - It's not what backs the money, it's who controls its quantity. | ||
| − | == | + | ==Contributors== |
* Dr. Quentin Taylor, Asst. Prof. of History & Political Science - Asserts that L. Frank Baum's Wonderful Wizard of Oz is a symbolic critique of privately-owned central banking. | * Dr. Quentin Taylor, Asst. Prof. of History & Political Science - Asserts that L. Frank Baum's Wonderful Wizard of Oz is a symbolic critique of privately-owned central banking. | ||
* Joseph Farah, Founder, www.WorldNetDaily.com - "Americans are being robbed blind, and they don't even know who is doing the robbing." | * Joseph Farah, Founder, www.WorldNetDaily.com - "Americans are being robbed blind, and they don't even know who is doing the robbing." | ||
Revision as of 15:09, 20 March 2011
- Secret of Oz (YouTube) - Best Documentary of 2010
- The world economy is doomed to spiral downwards until we do two things
- 1. Outlaw government borrowing;
- 2. Outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt".
- Remember - It's not what backs the money, it's who controls its quantity.
Contributors
- Dr. Quentin Taylor, Asst. Prof. of History & Political Science - Asserts that L. Frank Baum's Wonderful Wizard of Oz is a symbolic critique of privately-owned central banking.
- Joseph Farah, Founder, www.WorldNetDaily.com - "Americans are being robbed blind, and they don't even know who is doing the robbing."
- Peter Schiff, Author, Crash-Proof; Founder Euro Pacific Capital; Candidate for US Senate
- Dr. Michael Hudson, Prof. of Economics, Univ. of Missouri/KC
- Byron Dale, Author, Modern Money Secrets
Government should issue debt-free money for the benefit of all citizens equally
- Accomplished by
- Abraham Lincoln
- Ben Franklin
- Attempted by
- Thomas Jefferson
- John F. Kennedy
Quotes
 | If all the bank loans were paid no one would have a bank deposit and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous: if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon. |
| — Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, 1934, as quoted in "100% Money" by Prof. Irving Fisher (1935,reprinted by Pickering and Chatto Ltd. (1966) |
