Escaping the Web of Debt

Description

Should American money be issued as a public utility instead of as credit? In this program Hazel Henderson explores monetary restructuring with Ellen Brown, author of Web of Debt: The Shocking Truth about Our Money. Brown's premise is that because dollars are no longer backed by gold they are actually being loaned as freshly-created money, a practice she finds deceptive and destabilizing. Using the Bank of Australia as an example, Brown outlines a model for an effective public banking system. The discussion includes the 2008 Wall Street bailouts, an evaluation of the Federal Reserve, and recommendations for homeowners faced with foreclosure due to the mortgage-bundling fiasco.

Runtime

32 min

Series

Subjects

Genre

Date of Publication

[2011], c2010

Database

Films on Demand

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