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Ellen Girly Brown knows from whence she speaks

Updated on January 2, 2013

Ellen Brown a lawyer and author of "Web of Debt" tells the truth of the economic system we live under who writes about the web of debt not only in the united states but in the world as a whole all living under for at least a few centuries and in all likelyhood many centuries.She reveals that the money we use is in fact the same as the debt we owe.In other words the debt is equal to the money supply.So,in order for the money supply to grow our debt must grow by the same amount by necessity.Interest payment on the debt is paid by the government selling bonds or I.O.U's to anyone willing to buy those debts.The problem is the money needed to pay the interest on those bonds without even paying the principal means more debt must be created,or borrowed.Can you spell "Catch 22"

This woman has a great head on her shoulders especially for a lawyer.The reason I say this is because all lawyers are sworn to uphold the bankruptcy laws in order to administer the bankruptcy of the Federal Government according to the balance of trade laws.The U.C.C universal commercial code.

The general population hasn't been told about the bankruptcy and don't know about the bankruptcy.That in and of itself is fraud since they are the ones who have to pay off the debt.


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    • someonewhoknows profile image

      someonewhoknows 7 years ago from south and west of canada,north of ohio

      I would say all bankers are crooks.

      They aren't allowed to go against the system even if they wanted to.It's the federal reserve system that's a crock.

    • BobbiRant profile image

      BobbiRant 7 years ago from New York

      This was very informative. Bankers are a crooked lot aren't they? Those meanies!! Great hub.

    • Nell Rose profile image

      Nell Rose 8 years ago from England

      Hi, what makes me mad is when the bankers give themselves millions, and then we have to bail them out! GGrrr! makes me mad! thanks nell

    • greatAmerican profile image

      greatAmerican 8 years ago

      Busted, the whole world is in a prison of debt

    • dabeaner profile image

      dabeaner 8 years ago from Nibiru

      "What, me worry!" [Alfred E. Neuman].

      Anyway, true but too esoteric for the booboisie; it's like magic. Or manna.