Economics Homework Assignment

Okay, folks, if you're even the slightest bit confused about what caused this gi-normous financial meltdown in the US, head over to This American Life and listen to "The Giant Pool of Money" from a few weeks ago. It touches on the problem quite well, but left me with some basic questions about how this pool of money doubled itself in under ten years. What administration would allow that much currency to be released upon an unprepared economy?

Sadly, that question has been answered by author Ellen Brown. I haven't read her book yet, but have heard her interviewed in-depth by kmo on his C-Realm podcast called "A Vocabulary of Control". She elaborates on how elected officials of the United States really have no control over the money supply. For real. The "Federal Reserve" is oxymoronic on two levels, in that it is neither controlled by the Federal Government nor in any way a "reserve," a stockpile formed and maintained for the betterment of the nation.

Please, take a couple of hours. Listen to the selections in the order I have presented them. You may be sorry, but you may very well be better off for the information.

(Those who completely understand how currency is created and disseminated in this country -- and have no problem with this process -- please disregard.)