Synopsis
Keywords: new economics, Occupy Wall Street, public
banking, bioregional currencies, public assets, social spending,
worker-ownership, democratization of wealth, capitalism, neoliberal economics,
debt, recessions, tax-payer bailouts, private banks, predatory loans, Federal
Reserve, world financial crisis, austerity measures, privatization of wealth,
income inequality, international trade currency, green economy, Lincoln
greenbacks.
The public does not realize that virtually all
money in circulation, except coins, is created by private banks out of thin air
as debt-money on which we must pay interest and penalties, or that bankers
control the money supply and create periods of prosperity, only to follow them with
recessions or depressions which allows them to confiscate the real wealth of
productive, working people through foreclosures. This system is not in
compliance with the US Constitution which, if followed, could have given us a
nation free of debt and with sufficient funding for all public and private
enterprises with little or no taxation. The beneficiaries of this economic
system are the top 1 percent.
Here, eleven of the world's leading economists
expose the fallacies of the existing system, the greed that motivates it, and
show us a variety of proven alternative economic solutions. These include
public banking options, the transfer of wealth from megabanks to community
banks, the creation of local and regional currencies, building more
worker-owned and community-owned business, changing the reserve requirements
for private banks, replacing the Federal Reserve--which is privately owned, not a government agency--with a Bank of
the United States, focusing on community caring values, growing the green
economy, and creating an international trade currency designed to halt
inflation and currency speculation, fund long-term and environmentally
conscious businesses, and help third world countries get out of poverty. Our
economic freedom and democracy hang in the balance.
You will not find these real wealth solutions
taught in business schools or discussed by politicians or mainstream media. This
book will fundamentally change your understanding of money and debt.
From the Author
CREATING A REAL WEALTH ECONOMY is the 3rd volume in a series under my editorship addressing little know or long suppressed solution to a range of global problems -- free or low cost nonpolluting energy technologies which would free the world of reliance of fossil fuels and nuclear energy; preventive health care and healing through the use of energy medicine as an alternative to conventional methods which rely on drugs and surgery; and this volume which presents an alternative to the globally exploitative neoliberal capitalist economy which only enriches the top 1% of the world's population while exploiting the masses, global resources, the environment, the poor and third world countries, and creates financial crisis after financial crisis for the sole purpose of foreclosing on homes, farms, businesses and other real wealth assets of working people. Few people realize that virtually all money is created by private banks as debt, making DEBT the basis of our entire economic system.Occupy Wall Street was only a first shot across the bow of a dysfunctional global economy. Much, much more remains to be done before humanity as a whole has any chance of sharing in the world's wealth and resources. CREATING A REAL WEALTH ECONOMY goes a long way toward showing the public other ways to organize a Main Street economy which is not controlled by Wall Street, the Fed, European Central Banks, the World Bank and International Monetary Fund. Until people educate themselves about what money is, how it works, who controls it, who benefits from its exploitation, how that exploitation can be ended, and what other Real Wealth alternative exist, we will continue to be exploited, deceived, robbed, and deprived of our basic democratic rights as US and global citizens. The US Constitution itself provides the key to the solution, but Congress has never followed the Constitution, except under Abraham Lincoln during the American Civil War.You will find more information about alternative democratizing economic possibilities in this one book than in any other place I know of. Educate yourself and become part of the US and global economic solution.
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