7 minutes of sanity in 2 hours of boredom

I was as secretive, indeed I was as furtive as any conspirator. Discovery, we knew, simply must not happen, or else all our time and effort would have been wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress…I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

"Congress should dramatically reduce its overseas commitments, as well as spending in areas like corporate welfare, and devote one-half of the savings to debt reduction and the other half to transitioning to a market system of retirement security and health care. This action will allow the government to meet its obligation to those relying on Social Security and Medicare while allowing younger people to escape the mountains of debt we are leaving--$60 trillion of liabilities."

Elizabeth J. Kucinich, monetary reform activist partner of
Congressman, and US Presidential aspirant, Dennis Kucinich (D-OH)

"I have worked for a long time looking into monetary reform and after 10 years, finally someone has produced a DVD entitled "Money as Debt". It is a fabulous fun yet powerful introduction to the issue of monetary reform. It's the best over view I have seen so far; the best by far. ESSENTIAL! Everyone should watch it!

The topic of DebtMoney is THE issue of our times. It forms the basis to every nation's areas of core material and spiritual concerns such as economic development, employment and environmental sustainability.

If only government officials, civil society organizations, environmental groups, unions and well meaning international development strategists trying to eradicate poverty really understood this topic... the world would be a much better place.

Only 47 minutes long, this DVD is ideal for public education in schools, colleges and universities, as well as individual or family viewing, with lots of juicy re-useable quotes from prominent bankers, economists and presidents."

www.moneyasdebt.net (click on the link labelled "Reviews")

BIG PICTURE - $48 TRILLION of DEBT in America, and rising rapidly

Here's one graphic of many shown in the main Total Debt Report, linked below.

This is A SCARY CHART - showing trends of total debt in America (the red line, reaching $48 trillion in 2006 vs. growth of the economy as measured by national income (blue line). (adjusted for inflation). That debt increased $3.9 Trillion (9%) in the past year.

Which line goes up faster, the red debt line or the blue net national income line? Answer: the debt line.

And, that debt line is going up faster and faster than national income! Right?

(maybe, like this chart, your own personal or business debt is also going up faster than your own income - - possible?)

As mentioned, debt is here defined as all U.S. debt (sum debt of federal and state & local governments, international, and private debt, incl. households, business and financial sector debts, and federal debt to trust funds).

This chart shows, for the period 1957 to mid 1970s, total debt (red line on chart) was increasing close to the growth rate of national income (blue line on chart), despite war debt for WW II, Korea and Vietnam.

But, in the last several decades total debt has zoomed up, up and away - - growing much faster than national income. It has now reached $48.4 Trillion ($37.7 trillion private household/business/financial sector debt PLUS $10.7 trillion federal, state and local government debt).

http://mwhodges.home.att.net/nat-debt/debt-nat.htm

Money created as interest-bearing bank credit is a magic trick, a fraud - now 3 centuries old; one that very few people have seen through despite, or rather because of, its utter simplicity.

It is my intention to make this mysterious debt-money system comprehensible to everyone. It is also my intention to foster sufficient understanding of the problems with this money system that citizens will be motivated to join the monetary reform movement and/or create local alternatives to the global monetary system - a system in which most of the productive people of the world are collectively chained to an ever-increasing and perpetually unpayable debt.

This is a system designed for elite control of the people by those who have given themselves the privilege of creating money. It is also, I believe, a system that is designed for catastrophe. As the movie explains, there can be no sustainable civilization without a sustainable money system

http://paulgrignon.netfirms.com/MoneyasDebt/ProducersComments.html