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The Need For Monetary Reform
http://www.monetary.org/the-need-for-monetary-reform/2009/09
Edited extracts from
"Manhattan Tower" (1932)
by Frank R. Strayer
with Mary Brian, Irene Rich
an A.E. Lefcourt production
Storyline: The lives of the residents of a Manhattan apartment building are intertwined with the actions of a crooked investor.
http://www.imdb.com/title/tt0023187/
http://archive.org/details/manhattan_tower
Key Economic Facts:
-- Indeed, most people would be surprised to learn that our money supply is not created by our government, but by private banks when they make loans.
-- The current system creates "money" when banks make loans into accounts; so most of our money is issued as interest-bearing debt.
-- The money issuing power should never be alienated from democratically elected government and placed ambiguously into private hands...
"The Need For Monetary Reform", Sep 30, 2009
http://www.monetary.org/the-need-for-monetary-reform/2009/09
" [...] the legacy of war, conquest, and slavery has never completely gone away."
David Graeber's "Debt: The First 5,000 Years"
http://www.monetary.org/review-of-david-graebers-debt-the-first-5000-years/2013/01