Understanding The Economic Clusterfuck

Disclaimer, June 16, 2010: Much of the information you read below is wrong. I wrote this before I read ellenbrown's Web of Debt. Therefore, I missed details extremely important to the thrust of this post.

For example, below I state that interest is created through loans. This is incorrect. The money issued at the time the loan is finalized is the money actually created. Money is literally loaned into existence by banks, not printed by the Federal Government as everyone seems to assume.

I'm sure I'll post an update soon. For now, though, I intend to leave the post below intact. It will give me a chance to review what I've learned over the years by showing me what I believed in the past to be true. I apologize for the mis-information.

( If you must delve, the erroneous original post is below the cut. Remember, though, it is wrong. )