Fast-tracking TiSA: Stealth Block to Monetary Reform by Ellen Brown + Backlash Against #TPP Grows as Leaked Text Reveals Increased Corporate Control of Public Health

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Image by Peg Hunter via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
June 12, 2015

It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Attributed to Henry Ford

In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result, said Graeber, was to throw the entire theoretical basis for austerity out of the window.

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