The Secret Of Oz

Posted: August 23, 2010 in Current Events, Federal Reserve, Financial Survival

This is a powerful film.  The Secret of Oz discusses our monetary system and simple solutions to our countries problems.  If you don’t have the time to watch the entire film please save in your favorites.  Without real monetary reform our issues will not be resolved.  Here are a few topics discussed

1. Fractional reserve lending-Banks should be allowed to only lend money they actually have.  This film provides a simple breakdown of fractional reserve lending and the obvious issues of this strategy.

2. Gold back money may not be the answer.  It doesn’t necessary matter what the currency is, it matters who controls the currency.  If we moved back to a gold based currency but the gold is controlled by the same Central Banks that put us in this mess would anything change?  Whoever controls the creation of money and our money supply has the ability to create boom and bust cycles.

3.  The US Government has the ability to create debt free money, they should utilize this power.   Currently the Federal Reserve which is an independent bank creates our money and of course we pay massive amounts of interest to the Federal Reserve on our debt through our income tax.

Unfortunately most of our nations history has been erased from our history books.  Throughout our history and the world’s history these monetary issues have not been uncommon.  This film simplifies our monetary system and provides real solutions.  Please pass this on to friends and family.

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