Web Letters | The Nation

Revolution Through Banking?

Vox populi

The author should look at the Bank of North Dakota as a good model for a bank. Apparently, North Dakota is the only state that is not awash in debt, and for good reason: it has its own state ban, which funds state infrastructure and more. Therefore little or no state debt. That’s a good model for the Occupy Movement banking committee members to follow.

Also, it appears that Mr. Ross doesn’t realize that the big banks use fractional reserve banking, which means that they can create money out of thin air, and that the Fed is the monster behind this hideous sleight-of-hand crime. Read Ellen Brown’s book Web of Debt to find out more.

If Mr. Ross is looking for some legistlation to draft to “kill the banks,” then he might want to check out the Money Masters website. Pat Carmack is the producer of the awesome 3.5 hour DVD that explains the whole corrupt money system from beginning to end has already written such: the Monetary Reform Act. There’s no point in reinventing the wheel.

I applaud the Occupy Movement for zeroing in on one of the main sources of the problem: the debt-based money system. The solution is a debt-free money system as espoused in the Money Masters video and the American Monetary Institute and others in the monetary reform movement.

The other main source of the problem is the corrupt decision-making process that monopolizes most governments, emanating from corporate forces that lobby politicians to do their bidding, resulting in one dollar = one vote.

The solution is direct democracy. Stop voting on politicians and start voting on the issues… all the issues that affect us. The majority of us want truth, transparency, peace, justice and fairness. The politicians on the other hand want nothing more than to get re-elected and as we know have become the world’s greatest liars. They need to be given the boot. Read Citizen Power, by Mike Gravel or Direct Democracy, by Thomas Cronin.

Examine how the Swiss runs their country using direct democracy and you’ll see that half the citizens don’t even know the name of their president, because he and the politicians the citizens elect have little decision-making powers. There the politicians simply follow the wishes of the citizens who vote on all the major issues that affect them four times a year in referendums.

Carry on strongly,

Ian Woods


Dec 29 2011 - 9:51am

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