Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free

This book makes a very important contribution to understanding the mess the world is in and what to do about it. Contrary to the impression given by a one star reviewer below, this book is not primarily about economics, but finance. There is a difference! For a start, most mainstream economists have little interest in money and debt, where it comes from and who controls it. Money has no place in their other-worldly theories. Meanwhile, back on the planet it is just plain old commonsense that money makes the world go around; it represents power, and those who control the money thereby control the world (Kissinger said something along those lines). So Ellen Brown's seminal work goes to the heart of the matter. Five stars.Now to the point of this review, which is not so much a reflection on the substance of this work, as a heads up regarding the new 5th (January 2012) Edition. A university librarian once told me that publishers generally only bring out a new edition of a work if there is at least 10% new content. That is not the case with the latest `Web of Debt'. I have not been able to discern any difference at all between the new edition and the previous 4th (March 2010) edition. The covers and blurb are the same, the chapter headings, the total number of pages and the pagination are the same. Even the `Author's Note to the Fifth Revised Edition' is a word for word copy of the `Author's Note to the Fourth Revised Edition'. It may be that if I read through the entire 544 pages of both editions in tandem, I might find some subtle revision or correction. Which I suspect is unlikely to be anything significant enough to shell out for. Do correct me if I am wrong!I got my new copy to keep abreast of Ellen Brown's latest thinking in this area, but I was disappointed by this apparently pointless new edition. Yet it wasn't really a waste of cash - now I can help spread the word by passing one on. Either one -they're equally relevant.

This is an easy read and covers many interesting points, none of them boring or mundane banking issues - it is a stunning revelation.Before this book politicians and economists did not know what they now pretend they knew all along!

This is an invaluable historical account of the ongoing battle between those who control the monetary system and the relatively small number of people who actually understand the monetary system and struggle to reform it. It reveals the close connection between the current monetary regime and the systematic destruction of the human habitat, carried out by those who put short-term profit first. The book is absolutely essential reading for anyone who is concerned about the present economic system, based on infinite growth. It goes to the root of the problem and shows how essential it is to reform our monetary system and the enormous benefits this would bring, not least in tackling inequality and poverty.

Anyone that wishes to understand how money works should look no further than this wonderful book !

Have you ever thought there is something intrinsically and very wrong about the way money or credit is created? The Web of Debt shows how it is created out of nothing and then circulated to the population at interest by an unelected small group of people who saddle humanity and ride them like slaves for their own satisfaction. The wizard of Oz (ounce) was written by Frank Baum to show what was going on with money in 1929 and the game of Monopoly devised to show LSE students how this system really worked!You are right in thinking it's all a huge fraud!