Economania Links & Resources
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...
A quick, dirty and essential guide to what's REALLY going on in the financial world from Ellen Brown.
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.
An explanation of how banks create money from thin air, by Ben Dyson (he of Positive Money)
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.
Dedicated to the works of economic reformer Henry George.
Who killed Lincoln and why? The bankers, he threatened their way of life says monetary reformer Gerald Grattan McGeer.
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.
Monetary reformist Simon Dixon makes his views known.
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.
The independent study of monetary history, theory and reform.
Probably the best of the recently arrived British banking reform sites.
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.
Downloadable PDF from Margrit explaining how bank interest, all of it completely unnecessary, adds hugely to the cost of everything you buy.
A basic income for every citizen.
Clued-up economist with a unique grasp on economics history. Oh yes; he used to employ Ben Bernanke. True!
Ellen Brown's message spreads... about time too!
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.
"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 (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.
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?
PDF of the economic reform book by James Robertson
The Forum is a voluntary Initiative of Parliamentarians and Concerned Citizens across the full political spectrum and from all religious persuasions.
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).
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.
Commentary from the knowledgable Ann Pettifor.
An online book by Bill Davies for the UK describing how our financial system works against us when it should be working for us.
In Lewes, Sussex, they're printing their own local currency... why?
Another successful local currency.
Another area making a success of their local currency.
A deeply significant development in many ways, not least because holders can pay local business taxes with it.
Learn more on the Bristol Pound's own dedicated web site.
The German original of some of the UK's local currency schemes and at time of writing this page's only foreign language link.
And here's another one - that didn't take long did it?
An overview of local currencies from the Worldchanging team.
Book on alternative currencies by renowned economist Irving Fisher, handily online.
See here for all manner of related resources.
"No-one could have seen this coming" is the politician's excuse for not forseeing 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.
The Palm Bank - an example of community banking.
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.
A plain-English description of fractional reserve banking practices and the unpleasant consequences.
Indie think-and-do tank that inspires and demonstrates (they say) real economic well-being
The UK's own political party for money reform.
The Tribe forums are specialist forums, this one's about alternative currencies and related themes.
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.
A wiki offering alternate economic models and the chance to comment or add your own.
All the news you won't get in the mainstream media. This is an invaluable source of alternative information, and it needs funding badly.
All the news you won't get in the mainstream media. This is another invaluable source of alternative information, and it needs funding badly.
Mary Bottari knows whereof she speaks! Very well informed.
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 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.
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...
Emails between the major players involved in the American bank bailouts. Interesting reading.
Ever wonder why government statistics and your own experience don't match? Find out why here. Exposing the damn lies behind statistics.
Making the (very good) case for a basic income for everyone.
Home of irrepressible commentator Max Keiser and side-kick Stacy Herbert. Alternative commentary, widely informed.
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.
Inside the economic meltdown. How the society we know came ascloseasthis to ending.
Credit crunch; the timeline.
Stephen Zarlenga's site. An extraordinary authority.
Economic guru Richard Cook - read his article
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.
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.
The World Socialist Website, not surprisingly with plenty to say just now.
Goldman Sachs/Satan; easy mistake, thinks Mike Morgan.
Ongoing coverage of the financial crisis.
Nikki rages. Nikki rants. I've included her here because she's also very knowledgeable and, frankly, I'm upset too.
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.
Rothbard on fractional reserve banking.
A solution to our problems, from Martin Carbone. We'll have to get rid of those pesky cartels first.
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.
In the UK, crowdsourced bank offers peer-to-peer financial services. CivilisedMoney is a new, crowdsourced effort in the UK that aims to offer peer-to-peer alternatives to a wide range of banking services. Is this a glimpse of the future?
Discerning perspectives on the shifting economic landscapes.
The Bromsgrove Group, our homegrown economic reformers. Wish them well, they fight our fight.
Scottish-based monetary reform site.
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....
A proposal to take back the power of money creation from private banks.
How bad it really is... and it's worse than you think... much worse.
Yup... it's worse than that, even. Doomed!
But enough of why the American poor have reached the bad end of the Yellow Brick Road. Here's why the British have, too.
The mathematics that didn't add up for Lehman Brothers. Technical terms explained for the beginner.
The UK national debt clock, Britain's growing debt illustrated as a ticking money bomb. Good luck to who tries to defuse that one.
What's really going on from a knowledgeable insider - in plain English too. Must-read.
A collection of links to relevant information, just as this page is.
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.
The online book by TWR Davies. "LEGAL FORGERY: THE CAUSES OF MONETARY CHAOS AND A PROPOSED SOLUTION".
An animated illustration of banking practices including fractional reserve banking and its origins.
"Film maker Bill Still discusses the underlying problems of the monetary system and fractional-reserve banking, and provides solutions that must be taken to reclaim national sovereignty." - Bill talks up a storm at the annual Bromsgrove/Prosperity UK meeting 2011.
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.
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.
The realities behind overseas aid from the acknowledged master of the subject, the economic hitman himself, John Perkins.
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, former Senior Economist at the World Bank, endorses full reserve banking during an interview for the forthcoming documentary Critical Mass.
Peeps at the recent local banking conference voice their thoughts on how we should go about creating a local banking system. In my view the only way we're ever going to do this is illegally seeing how the banks, having the money creation powers they do, can always find enough to bribe corrupt politicians and get the laws made they want. So much for law and order eh kids?
The MP speaks.
Transcript of the 'Money As Debt' video (see below)
Ellen 'Web of Debt' Brown and her concepts now have their own video channel on Youtube.
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.
Economic guru Richard Cook's site. Watch his videos.
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
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.
Argentine Adrian (who's been through it all personally) explains why we're doomed, basically. Part One.
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??
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 speaks on the subject of bank interest and how much it adds to the cost of daily living.
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...
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.
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.
An animated illustration of banking practices including fractional reserve banking and its origins.
As usual, she's right on the money.
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.
Series of short videos from the Positive Money people
One of the few economists who actually understands where money really comes from these days. Look, listen and learn.
... and there's a lot of it to debunk! Maverick (read; knows what he's talking about) economist Steve Keen's site.
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.
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.
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.
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.