Economania Links & Resources

Compiled by Bill Kruse
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Around the turn of the century before last, there was a protracted battle. It was not a geographical battle, fought around and over physical boundaries, by nation against nation. Instead it was between the small group of people who own the private banks, and the rest of us. They won, so we lost. This is the world that you and I, all unknowing, were later born into. Consequences remain...

For the most part we don't give it any thought but in this world the universal medium of exchange is called money. Because they'd won that big battle, very nearly all of it there is comes supplied by and so owed to private bankers. This world is made so we can't live very well without money. However, there's only one place we can get it, and when we can get it, it's expensive. We have to give back more of it than we are given. That expensive place to get it is the private banks.

You'll have more idea of how this has come about, and the terrible harm this arrangement does to us as a community, when you've followed some of these links...

The dollar deception

A quick, dirty and essential guide to what's REALLY going on in the financial world from Ellen Brown.

The credit crunch

A quicker and arguably dirtier and possibly even more essential guide to what's REALLY going on in the financial world once more from Ellen Brown. She does this (IMHO) better than anyone else, that's why she gets to go twice.

The cause of the financial crisis & how do high street banks create money?

An explanation of how banks create money from thin air, by Ben Dyson (he of Positive Money)

The Bank of England Act (proposed)

A proposed answer to our financial woes. Well worth the read. It's broadly similar to Ellen Brown's public banking proposals. I support the idea myself in principle.

The Robert Schalkenbach Foundation

Dedicated to the works of economic reformer Henry George.

Gerald Grattan McGeer

Who killed Lincoln and why? The bankers, he threatened their way of life says monetary reformer Gerald Grattan McGeer.

Reinventing Money from Thomas Greco Jr.

Thomas Jr. walks us through banking and money options that aren't dictated to us by government. We need to understand these alternatives ready for when the mainstream financial system goes pop, which looks to be any minute now.

Simon Dixon

Monetary reformist Simon Dixon makes his views known.

The James Gibb Stuart Trust

An educational charity working to reduce debt from the personal to the national level, with a specific emphasis on explaining the banking and financial system of the UK and the world, to lay-people and legislators. JGS is the author of 'The Money Bomb', featured on this very page.

Citizen's Income Trust

The Citizen's Income Trust promotes debate on the desirability and feasibility of a Citizen's Income by publishing a newsletter and other publications, maintaining this website, maintaining a library of resources, and responding to requests for information.

American Monetary Institute

The independent study of monetary history, theory and reform.

Positive Money

Probably the best of the recently arrived British banking reform sites.

FullReserveBanking.com

Mick Reiss's site on, you guessed it, FRB. That means if a bank's going to lend you a quid, first it has to have a quid. Not like now when they can just make it up. No, really, that's how they work.

Margrit Kennedy on Bank Interest

Downloadable PDF from Margrit explaining how bank interest, all of it completely unnecessary, adds hugely to the cost of everything you buy.

Michael Hudson

Clued-up economist with a unique grasp on economics history. Oh yes; he used to employ Ben Bernanke. True!

The Public Banking Blog

Ellen Brown's message spreads... about time too!

The Public Banking Institute

The message is about public banking, banks owned by the public where the profits go back to the public, not to a private company. Look at your local high street, I'll bet the banks are Natwest, LloydsTSB, Barclays, all the usual suspects in other words... so why isn't there a bank that belongs to you and your community, a bank of Yourtown, where you and your neighbours can invest your money and see the profits go back to your local community instead of a private company? This idea has undeniable and obvious merits for any community - so where are they? Learn more about the idea here.

The Centre for the Advancement of the Steady State Economy

"Perpetual economic growth is neither possible nor desirable" they say, and quite right they are too. It's run its course and we have to prepare for an alternative system.

The Market Oracle

The (rather dry) textbook explanation of the same. Is this obfuscation deliberate? Some would say it is, and remind you that The Wizard of Oz, with its descriptions of smoke and mirrors, is said by some to be metaphorical.

Zerohedge - how the world almost came to end at 2pm September 18th 2008

The Zero Hedge blog details, with video, how close the world came to complete economic meltdown September 2008. We brinked - and how many people realise this?

Download here; Monetary Reform; Making It Happen

PDF of the economic reform book by James Robertson

The Forum For Stable Currency

The Forum is a voluntary Initiative of Parliamentarians and Concerned Citizens across the full political spectrum and from all religious persuasions.

Perfect Economy

PEOPLE For Mathematically Perfected Economy (PFMPE): mathematically perfected economy (MPE) is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economy is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it (that's what they say anyway - BB).

The Ecology of Money

Online book (PDFs actually) from author Richard Douthwaite. Should be on your list of to-reads if you're at all interested in the subject of money and its possibilities.

Debtonation.org

Commentary from the knowledgable Ann Pettifor.

LegalForgery.com

An online book by Bill Davies for the UK describing how our financial system works against us when it should be working for us.

The Brixton Pound

Another successful local currency.

The Stroud Pound

Another area making a success of their local currency.

News from the BBC about The Bristol Pound

A deeply significant development in many ways, not least because holders can pay local business taxes with it.

The Bristol Pound

Learn more on the Bristol Pound's own dedicated web site.

Chiemgauer.de

The German original of some of the UK's local currency schemes and at time of writing this page's only foreign language link.

Monetative.de

And here's another one - that didn't take long did it?

Local Currencies

An overview of local currencies from the Worldchanging team.

Stamp Scrip

Book on alternative currencies by renowned economist Irving Fisher, handily online.

World Map of Complementary Currencies

Exactly.

The Complementary Currency Resource Centre

See here for all manner of related resources.

William White's warnings

"No-one could have seen this coming" is the politician's excuse for not foreseeing the banking crisis. Here's evidence from former BIS chief economist William White that highly placed people did indeed see it coming but were ignored.

Community Banking - an Example

The Palm Bank - an example of community banking.

The Worgl Experiment

Starting in the Austrian town of Worgl, alternative currency worked so well that it spread to neighbouring towns, where it worked well too. Seeing how well plain folks could get along without them, the authorities banned it. If they hadn't, all this too-big-to-fail nonsense very likely couldn't have been justified as, one could strongly argue, there'd be this handy alternative to the big banks.

Politics, Money and Sustainable Living

A plain-English description of fractional reserve banking practices and the unpleasant consequences.

The Money Reform Party

The UK's own political party for money reform.

The Alternative Money Tribe (forum)

The Tribe forums are specialist forums, this one's about alternative currencies and related themes.

The Hummel Guide

An intermediate guide to money, where it comes from (banks create it) and how we got this way. It's probably too wordy (hey, you know economists) for the simple tourist, though.

The Information Clearing House

All the news you won't get in the mainstream media. This is an invaluable source of alternative information, and it needs funding badly.

The OpEdNews

All the news you won't get in the mainstream media. This is another invaluable source of alternative information, and it needs funding badly.

The Michael Journal

A variety of articles, some about social and monetary money, some about religion. The real significance here is that you have a small inkling of how far back people have preached, I mean religious people, against usury, against interest, against economic principles we see around us everywhere in modern day life. You have the feeling that if Jesus came back, He wouldn't be too happy with the credit card companies...

The Mises Institute

The Austrian School. These are they, and this link itself leads to a list of resources they think will help the reader understand the background to the whole sorry mess. The credit crunch itself is really a side issue.

Hjalmar Schacht and the Magic of Money

Ever wonder how Germany, defeated in WW1 and suffering rampant inflation, managed to conjure from nowhere enough guns and tanks to start WW2? Read what German financial bigwig of the day Schacht has to say about how the famous German inflation came about and was overcome, then ask yourself why you've never had this properly explained before...

Zerohedge on the disclosure of emails between major players who were supposed to be neutral

Emails between the major players involved in the American bank bailouts. Interesting reading.

Shadowstats.com

Ever wonder why government statistics and your own experience don't match? Find out why here. Exposing the damn lies behind statistics.

Basicincome.com/

Making the (very good) case for a basic income for everyone.

MaxKeiser.com

Home of irrepressible commentator Max Keiser and side-kick Stacy Herbert. Alternative commentary, widely informed.

Tarpley.net

Home of even more irrepressible commentator Webster Griffin Tarpley. Alternative commentary, hugely informed. I don't know of anyone else with his sense of historical perspective.

PBS.org

Inside the economic meltdown. How the society we know came ascloseasthis to ending.

http://timeline.stlouisfed.org/index.cfm?p=timeline

Credit crunch; the timeline.

http://www.monetary.org/

Stephen Zarlenga's site. An extraordinary authority.

http://dandelionsalad.wordpress.com/2009/02/03/bailout-for-the-people-the-cook-plan-by-richard-c-cook-2/

Economic guru Richard Cook - read his article

Who owns the Bank of England?

We do, you'll probably smartly say, because it's nationalised. And so it is, but that doesn't mean we own it. In fact, it apparently means, among other things, we don't and we aren't actually allowed to know who does own it... or why we aren't allowed to know, or who says we aren't allowed to know. A shame there's so little attribution in this article but there's much to think on in it.

The History of Globalisation

Is this all planned? Is the Conspiracy Theory after all fact? Difficult not to think so if you read Dr. James Polk's analysis of the financial timeline.

http://www.wsws.org/articles/2009/apr2009/pers-a10.shtml

The World Socialist Website, not surprisingly with plenty to say just now.

http://www.goldmansachs666.com/

Goldman Sachs/Satan; easy mistake, thinks Mike Morgan.

http://www.dollarsandsense.org/index.html

Ongoing coverage of the financial crisis.

http://www.opednews.com/articles/Questions-about-money-the-by-Martin-Carbone-090420-887.html

Just ask yourself the questions here. Then ask the big question - why don't you know the answers? Immensely revealing, illustrates how we're led to believe we're educated when in fact we're simply duped.

http://www.opednews.com/articles/Solve-our-Home-Mortgage-M-by-Martin-Carbone-090424-743.html

A solution to our problems, from Martin Carbone. We'll have to get rid of those pesky cartels first.

The David Wilcox Blog

Wow - great gobs of information linked to more great gobs! Cancel the immediate future, once you get in you'll be browsing here for days.

The Renegade Economist

Discerning perspectives on the shifting economic landscapes.

http://www.prosperityuk.com/prosperity/bromsgrove/bromsgrove.html

The Bromsgrove Group, our homegrown economic reformers. Wish them well, they fight our fight.

http://www.prosperityuk.com/

Scottish-based monetary reform site.

Inquiring Minds

The struggle with the banks, as I suggested earlier, has been going on for some time. Here's links to early works about it - from centuries ago....

Ellen Brown's Proposal

A proposal to take back the power of money creation from private banks.

Truthdig.com

Yup... it's worse than that, even. Doomed!

http://www.lrb.co.uk/v31/n10/lanc01_.html

But enough of why the American poor have reached the bad end of the Yellow Brick Road. Here's why the British have, too.

http://plus.maths.org/issue51/features/boedihardjo/index.html

The mathematics that didn't add up for Lehman Brothers. Technical terms explained for the beginner.

http://www.debtbombshell.com/

The UK national debt clock, Britain's growing debt illustrated as a ticking money bomb. Good luck to who tries to defuse that one.

Market-ticker.org

What's really going on from a knowledgeable insider - in plain English too. Must-read.

http://www.cyberclass.net/ecolinks.htm

A collection of links to relevant information, just as this page is.

http://www.rapidtrends.com/lets-make-some-money-no-i-dont-mean-earn-it-i-mean-make-it/

Good explanation of money creation. It's an excerpt from the famous book, "Creature from Jekyll Island" by G. Edward Griffin about the founding of America's Federal Reserve bank.

Legal Forgery

The online book by TWR Davies. "LEGAL FORGERY: THE CAUSES OF MONETARY CHAOS AND A PROPOSED SOLUTION".

How Banks Work

An animated illustration of banking practices including fractional reserve banking and its origins.

John Perkins on Why We're At War

John Perkins, the Economic Hitman himself, gives his vies on the real reasons America's at war in the Middle East in this speech from 2006.

MP Douglas Carswell on Banking Reform

This is his early day motion on the subject. He's still acting as if we were in the land of FRB but the principle is still true - banks create money when they pretend to lend it. Note how scarce other MPs have made themselves.

Economic Hitmen (animated short) from John Perkins

The realities behind overseas aid from the acknowledged master of the subject, the economic hitman himself, John Perkins.

The Burzynski Movie

So, what's a movie about a guy curing cancer doing here? Well, see... thing is, it works. It works better than chemo, in fact it makes it redundant. So why isn't it universally sung the praises of and adopted? Because it would put millions of people, currently working in the multi-billion dollar cancer treatment industry, out of work at a stroke. Think of the knock-on effects - it would wreck the economy. So, lots of us have to die and keep on dying unnecessarily so the economy, which we know isn't ours in the first place, can survive. Watch it and weep.

Herman Daly on FrRB

Herman Daly, former Senior Economist at the World Bank, endorses full reserve banking during an interview for the forthcoming documentary Critical Mass.

Michael Meacher on Money Creation

The MP speaks.

Paulgrignon.netfirms.com

Transcript of the 'Money As Debt' video (see below)

Videos

The Public Banking Channel

Ellen 'Web of Debt' Brown and her concepts now have their own video channel on Youtube.

Kanjorski

Congressman Kanjorski recalls the critical moments when the world's economy hung in the balance. If this link's live then you might like to download a copy to convince yourself the video ever existed, as it seems to vanish then reappear. One is reluctant to suggest conspiracy but then there were those in the financial profession recently reluctant to bawl "ICEBERRRRRRRRRRRG!!" when really they should have... one must make up one's own mind.

http://www.richardccook.com/

Economic guru Richard Cook's site. Watch his videos.

Money as Debt

Animated movie explaining the financial mechanics behind our situation. Buy the DVD or watch it on Youtube http://www.youtube.com/watch?v=rC720Cl3N-0

The Money Masters

A little old now but revelatory still to anyone who hasn't understood the basic principles of fractional reserve banking. This is Youtube again. I believe there's a DVD available but I haven't found where yet.

Adrian Salbuchi One

Argentine Adrian (who's been through it all personally) explains why we're doomed, basically. Part One.

Adrian Salbuchi Two

Argentine Adrian (who's been through it all personally) explains why we're doomed, basically. Part Two. It would be nice to think there's going to be a Part Three but given the subject matter... Adrian? ADRIAN??

Ascent Of Money

Economist and historian Niall Ferguson examines the current global financial crisis in the context of the financial history of the West in four video instalments.

Margrit Kennedy

Margrit speaks on the subject of bank interest and how much it adds to the cost of daily living.

This Economic Disaster

William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses one scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. Warning - he gets excited...

The Warning, Brooksley Born

One woman in a position of power saw the crash coming and did her best to stop it by regulating derivatives; take a bow, Brooksley Born.

The Secret of Oz

Bill Still examines the Wizard of Oz, a tale not for children but a metaphor for America's relationship with the banking fraternity and money in general. Features interviews with Peter Schiff, Ellen Brown and other notables. Unusually this goes into early British financial arrangements in some depth, examining the tally sticks method of accounting, and features filming from inside the Bank of England museum. Very informative and IMV well worth ordering for Britons and Americans alike. My link goes to an abbreviated free version.

How Banks Work

An animated illustration of banking practices including fractional reserve banking and its origins.

Ellen Brown yakking it up like it is to the Occupy LA Movement

As usual, she's right on the money.

Roger Hayes on the Lawful Banking System

A proposed alternative essentially from the Freemen movement. The Lawful Bank provides a gateway to 'The Alternative Monetary System' (TAMS) - a new and independent monetary and banking system owned and controlled by its users/members.

The In-Depth Consequences (clue; none of them good) of Debt-Based Money

Series of short videos from the Positive Money people

Steve Keen Expains Money Creation

One of the few economists who actually understands where money really comes from these days. Look, listen and learn.

Debunking Economics

... and there's a lot of it to debunk! Maverick (read; knows what he's talking about) economist Steve Keen's site.

Books

Web of Debt

By Ellen Brown, this is the one everyone has to read. The best researched and easiest to understand, it wins on all fronts. One wonders with whom she banks.

The Grip of Death

By Michael Rowbotham, a game-changer of a book. Read the first five pages and see if your life doesn't change. An in-depth examination of the dreadful consequences of having an economy based on debt like, er, we do.

The Money Bomb

By James Gibb Stuart. Recommended for everyone in the UK to read. We could be and should be far better off as a nation. Check out page 149 which suggests to me that the Tories reputation for fiscal prudence is no more than sleight of hand. Essential reading. You can find it on Amazon from time to time too.

Life of Agricola

By Tacitus, the celebrated Roman historian. His father-in-law Agricola is remembered by we Britons as one of the first governor-generals of the conquered British Isles. Note this quote; "All this in their ignorance, they called civilization, when it was but a part of their servitude". Sound familiar? It should, that was Tacitus talking about us, confident we were so uneducated we wouldn't understand it if we read it. Two thousand years later and he's still right. Look around... we're still in the same circumstances, but with a different group having the monopoly on the medium of exchange we're compelled to use.


 

Some people say there's a cartel of bank-owning families behind every boom and bust. Years ago I'd have dismissed these people as cranks and conspiracy theorists. Now, after several years running Mensa's (now International) Special Interest Group on Economics, Trade and Finance, I've come to the conclusion that, putting it simply, we are farmed. What we think of as our own culture, one having matured and developed over the years is in fact an imposed culture, in effect no more than a giant battery farm in which we live and function largely as we are told to for the profit of others. I don't think that's what's made the credit crunch though. I think that was drugs. For the first time in the history of economic manipulation, you have Big Drugs in the mix. The money dealers got intoxicated and blew it. Oh, I know about Clinton and the Community Reinvestment Act and A.C.O.R.N. and Fannie and Freddie and all the rest of it, the lack of regulation... I know all that. I've learned, and if you've read enough of the above and gone on to read related articles and literature, you've learned too. I still believe the real biggie that's messed things up for any banking cartel and their plans is... too much coke up too many noses. It's got away from them. However... that war I was talking about earlier. The one between a small group of private bank-owners and the rest of us. I said we lost a battle, and we did. That's why we grew up believing that books had to balance, that money had to come from somewhere. That's why we didn't know banks could make it up. We haven't lost the war though. That goes on. I'm in it, you're in it; what can we do?

You could write to your MP. This at least will bring it home that understanding of the issue itself is beginning to surface again. Ask them how it can be that there can be such a thing as a national debt. Where would a bank, any bank, get more money than a country does? How can any bank be generating and holding more money than the country it does its business in and anyway, aren't these the banks that we've just all had to bail out because... because they had no money? Ask what's going on here. Demand to know!

Write to your daily paper asking these same questions. I doubt you'll see your letters printed or even any comment at first if they are. However, my suspicion here is that members of the press would love to be writing about these subjects but are forced by commercial considerations to write around the real problems, never mentioning them directly. If enough letters on the subject are arriving then they may appeal to their editors (who may in turn then appeal to the paper's owners) that in order to retain any journalistic credibility (and so keep people reading) they will have to openly begin addressing these issues.

Members can discuss this and other articles on the economics forum at International Mensa.

 

 

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