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Vision: Time for a New Theory of Money

We as a community can create our own credit, without having to engage in the sort of impossible pyramid scheme in which we're always borrowing from Peter to pay Paul.

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We have emerged from the financial crisis with new clarity: Money today is simply credit. When the credit is advanced by a bank, when the bank is owned by the community, and when the profits return to the community, the result can be a functional, efficient, and sustainable system of finance.

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Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt , her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust."

 
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