The Secret of Oz

Submitted by SadInAmerica on Sat, 06/30/2012 - 11:15pm.


Thirteen years ago, in a documentary called "The Money Masters", we asked the question why is America going broke. It wasn't clear then that we were, but it is today. Now the question is how can we get out of this mess. ~ Documentary

Foreclosures are everywhere, unemployment is skyrocketing - and this is only the beginning. America's economy is on a long, slippery slope from here on. The bubble ride of debt has come to an end.

What can government do? The sad answer is - under the current monetary system - nothing. It's not going to get better until the root of the problem is understood and addressed. There isn't enough stimulus money in the entire world to get us out of this hole.

Why? Debt. The national debt is just like our consumer debt - it's the interest that's killing us.

Though most people don't realize it the government can't just issue it's own money anymore. It used to be that way. The King could just issue stuff called money. Abraham Lincoln did it to win the Civil War.

No, today, in our crazy money system, the government has to borrow our money into existence and then pay interest on it. That's why they call it the National Debt. All our money is created out of debt.

Politicians who focus on reducing the National Debt as an answer probably don't know what the National Debt really is. To reduce the National Debt would be to reduce our money - and there's already too little of that.

No, you have to go deeper. You have to get at the root of this problem or we're never going to fix this. The solution isn't new or radical. America used to do it. Politicians used to fight with big bankers over it. It's all in our history - now sadly - in the distant past.

But why can't we just do it again? Why can't we just issue our own money, debt free? That, my friends, is the answer. Talk about reform! That's the only reform that will make a huge difference to everyone's life - even worldwide.

The solution is the secret that's been hidden from us for just over 100 years - ever since the time when author L. Frank Baum wrote "The Wonderful Wizard of Oz."





Films For Action on May 29, 2011


Reposted June 30, 2012 - KnowTheLies


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Submitted by SadInAmerica on Sat, 06/30/2012 - 11:15pm.


David (not verified) | Mon, 10/08/2012 - 5:22pm

I have to respectfully disagree.

Sure we can print (issue) money and just spend it interest free, but what happens to the value of the dollar at that point?

Example: They say the Mona Lisa painting is priceless and one of a kind because there is only one. But what if someone found 5 million other Mona Lisa's in an attic? Well then the value of the Mona Lisa will plummet to worthless.

The same goes for the dollar, if we just print (issue) millions or billions of dollars, every dollar becomes less valuable which in turn can create massive inflation.

IE: Look at France during World War II, people were using wheelbarrows full of money for one loaf of bread. We have to remember that the Government's money comes from the tax payers, they are not supposed to print their own.

If there is not enough tax revenue there are two choices. The Government can tax more or the Government can spend within its budget (taxpayer tax dollars). I prefer the latter.