0:00
/
0:00
Transcript

Web of Debt Explainer

Unveiling The Banking Cartel

Unmasking the Financial Wizard: The Shocking Truth About Our Debt-Based Money System

Dive deep into the shocking world of modern banking and expose the “cruel hoax” that has captured economies worldwide. Drawing extensively from Ellen Hodgson Brown’s acclaimed book, Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free, this explainer video utilizes the potent imagery of The Wizard of Oz to reveal how a small, powerful financial faction has maintained a malign grip on global finance.

The Allegory Unveiled:

Follow Dorothy, the archetypal American citizen, on her journey down the perilous Yellow Brick Road, an allusion to the fraudulent gold standard. Uncover the identities behind the famous characters:

  • The Scarecrow, representing the intelligent but often deceived farmer, seeks wisdom regarding the government’s financial policies.

  • The Tin Woodman symbolizes the industrial workers, dehumanized and frozen by unemployment and mechanization due to tight money. His struggles reflect how the Wall Street bankers’ “gold standard” caused the laboring classes’ assets to be devoured by debt.

  • The Cowardly Lion is Populist leader William Jennings Bryan, whose mighty roar challenged the money power, particularly the Morgan/Rockefeller banking cartel.

  • The Great and Powerful Wizard of Oz himself turns out to be nothing but a “humbug”, a metaphor for the seemingly all-powerful government whose strings are secretly pulled by financiers like Marcus Hanna.

The Financial Conspiracy: Fractional Reserve & The Federal Reserve:

Learn how the banking system manufactures money “out of nothing”. Financial insider Hans Schicht calls this centralized control “spider webbing,” where King Bankers operate behind closed doors. The focus shifts to the mechanics of modern finance, including:

  • The infamous Jekyll Island Affair, where key financiers like Senator Nelson Aldrich and associates of the Morgan and Rockefeller empires secretly devised the foundation for the Federal Reserve Act of 1913.

  • How the ostensibly “Federal” Reserve is an independent, privately-owned corporation that converts government debt into money. Its ownership is held by commercial member banks, with power concentrated in the hands of major shareholders like JPMorgan and Citibank.

  • The core mechanism, fractional reserve banking, which allows banks to lend many multiples of their reserves, generating 99% of the U.S. money supply through mere accounting entries.

Historical Resistance and the Path to Freedom:

Discover the American visionaries who fought the Debt Spider:

  • Benjamin Franklin, called the “father of paper money,” promoted debt-free government credit notes in the colonies.

  • Thomas Jefferson and Andrew Jackson battled fiercely against Hamilton’s centralized, private banking schemes.

  • Abraham Lincoln foiled the bankers during the Civil War by issuing interest-free Greenbacks (U.S. Notes).

  • Populist hero Jacob Coxey led his “Industrial Army” in 1894, advocating for government-issued, debt-free money to fund public projects.

The video shows that the solution is not new; it involves taking back the money power. Dorothy’s magic Silver Slippers (representing the populist solution) were capable of taking her home all along. By implementing a truly National Banking System and liquidating the crippling federal debt with new Greenbacks, America can achieve a future “prosperous beyond precedent”.

This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.

Thanks to the generosity of my readers, all my articles are available for free access. Independent journalism, however, requires time and investment. If you found value in this article or any others, please consider sharing or even becoming a paid subscriber, who benefits by joining the conversation in the comments. I want you to know that your support is always gratefully received and will never be forgotten. Please buy me a coffee or as many as you wish.


Support this Site and Buy a Shirt

The Duke Report - Where to Start

My articles on SubStack are all free to read/listen to. If you load the Substack app on your phone, Substack will read the articles to you. (Convenient if you are driving).

Foundational Articles

Podcast (Audio & Video Content)

SoundCloud Book Podcasts

I’ve taken almost 200 foundational books, for understanding how the world really works, and posted them as audio podcasts on SoundCloud. If you load the app on your phone, you can listen to the AI robots discuss the books on your journeys across America.

Duke Report Books

  • Over 600 foundational books by journalists and academics that never made the New York Times Bestseller list, but somehow tell a history we never learned in school. LINK

Support this Site and Buy a Shirt

Discussion about this video

User's avatar