Science in Society Archive

Important Books & Reports

Banishing Glyphosate

Banishing Glyphosate - Dr. Eva Sirinathsinghji, Dr. Mae-Wan Ho and others

Glyphosate/Roundup, falsely claimed by Monsanto to be safe and harmless, has become the world’s most widely and pervasively used herbicide; it has brought rising tides of birth defects, cancers, fatal kidney disease, sterility, and dozens of other illnesses - more

Ban GMOs Now

Ban GMOs Now - Dr. Mae-Wan Ho and Dr. Eva Sirinathsinghji

Health & environmental hazards especially in the light of the new genetics - more

Living Rainbow H2O

Living Rainbow H2O - Dr. Mae-Wan Ho

A unique synthesis of the latest findings in the quantum physics and chemistry of water that tells you why water is the “means, medium, and message of life” - more

The Rainbow and the Worm - the Physics of Organisms

The Rainbow and the Worm - the Physics of Organisms - Dr. Mae-Wan Ho

“Probably the Most Important Book for the Coming Scientific Revolution” - more

“Shut Down Wall Street!”

The money and banking system that has brought the world’s economy to its knees should be allowed to collapse in favour of an alternative that serves people and planet Dr. Mae-Wan Ho

Developed world teetering on the brink

Suddenly the whole of the developed world is teetering on the brink of financial collapse from mountains of public debt. The United States tops the list with national debt over $15 trillion - exceeding 100 % of the country’s Gross Domestic Product – and still growing [1]. European government debts totalled €9.3 trillion in 2010, or 75.7 % of the Eurozone GDP [2], and the very survival of the euro is in doubt [3].  Mervyn King, Governor of the Bank of England, said [4] the world is facing the worst financial crisis since at least the 1930s “if not ever”, after putting £75 billion of newly created money into the UK economy to stave off a new credit crisis and recession.

The Occupy movement

While austerity measures and cuts in public spending are making life even harder for ordinary people, many of whom have lost homes, businesses, and jobs, successive massive bailouts of financial institutions and banks have ensured their rapid return to profitability and big bonuses.

So when the Canadian activist group Adbusters occupied New York’s Wall Street financial district on 17 September 2011, it inspired the Occupy protest movement that spread like wild fire across the world (see Box 1). The protestors are against social and economic inequality, greed, corruption, and high unemployment, especially among the young.

Box 1

Occupy Wall Street (OWS) [5, 6]

OWS is an on-going series of demonstrations started by Canadian activist group Adbusters on 17 September 2011 in New York’s Wall Street financial district.  The protestors were against economic inequality, high unemployment, greed, corruption, and the undue influence of corporations, especially the financial services sector, on government. The protesters' slogan “We are the 99%” refer to the growing disparity between the wealthiest 1% and the rest of the population. OWS has rapidly grown into an international protest movement directed against economic and social inequality. By 9 October, Occupy protests had taken place or were going on in more than 95 cities across 82 countries, including Hong Kong in China, and London, Bristol, Birmingham, Glasgow and Edinburgh in the UK.  Within the US, over 600 communities had taken part.  

Unfortunately, few of our political leaders and policy-makers know how to respond to the protestors’ grievances, let alone how to deal with the financial crisis. They lurch from one emergency meeting to another, between injections of more electronically created money into the economy, through central banks buying financial assets from commercial banks and other private businesses, euphemistically referred to as “quantitative easing” [7].

Mending the broken system simply won’t do

Injecting more money into the corrupt and unaccountable financial institutions that have brought the world’s economy to its knees would not solve the problem, and is very likely to make matters worse, as a damning report indicates [8].

The 2008 financial crash led to prompt action from the US Treasury Department in a $700 billion bailout. But an audit ordered by US Congress documented Federal Reserve Commitments of $12.3 trillion in additional emergency funding, in the form of low or no interest loans and the purchase or guarantee of distressed securities. The total US bailout was $13 trillion. Similar government bailouts were handed over in Europe; UK’s support for the banks totalled £850 billion by December 2009, when the Royal Bank of Scotland was demanding another £1.5 billion in bonuses [9].

So too, in the US, Wall Street took the bailout money, reported record profits, and rewarded it­self with record bonuses [8]. On 26 April 2011, the Standard & Poor index of 500 corporations hit 1 347.24, the highest since 17 June 2008, just months before the financial meltdown. The massive Wall Street bailout that further enriched the very richest had beggared Main Street real economy and ordinary people; and for good measure, saddled the nation with a mountain of public debt.

As of May 2011 13.9 million Americans were registered unemployed and an additional 800 000 had given up looking for work. More than 656 000 were homeless in 2009; and home foreclosures continued. In May 2011, banks and lenders held 872 000 foreclosed homes and another million were in the foreclosure process. More than 50 million people in the US are food-insecure.

Wall Street is to blame

In the aftermath of the 2008 financial crash, Nobel Laureate economist Paul Krugman wrote in the New York Times [10]: “I don’t think this is just a financial panic; I believe that it represents the failure of a whole model of banking, of an overgrown financial sector that did more harm than good.” 

‘Securitization’, the repackaging of loans to be sold on as assets, was singled out for attack.

“Loans no longer stayed with the lender. Instead, they were sold on to others, who sliced, diced and puréed individual debts to synthesize new assets. Subprime mortgages, credit card debts, car loans — all went into the financial system’s juicer. Out the other end, supposedly, came sweet-tasting AAA investments. And financial wizards were lavishly rewarded for overseeing the process.”

Securitization amounted to little more than theft; it also increased the risk for banks, and in the process, made the economy more and more vulnerable. The failures of Bear Stearns, Lehman, all, were down to the fundamental failure of securitization, said Krugman.

David Korten, prominent critic of globalisation, best-selling author and currently new economy guru (see below) is in no doubt as to the cause of the financial collapse [8]. It is the “direct and inevitable consequence of the social engineering experiment conducted by Wall Street interests that allowed Wall Street financial institutions to consolidate their control of the creation and allocation of money beyond the reach of public accountability.” Instead of money funding investment to produce things of real value, it funds financial games designed solely to enrich Wall Street, with dire consequences.

Toxic money

I met David Korten in the early 2000s after we shared a platform at a conference and found ourselves sitting next to each other on an airplane heading home, and an intense discussion on money took place. I remember telling him how money created in the financial market that’s totally decoupled from real goods and services is just like toxic entropy created in an unhealthy living system [11, 12]. So it is an eye-opener to discover just how much toxic money has been created in the process of securitizing debt after the great deregulation of the financial market in the 1970s and 1980s.

Economists generally regard money as a neutral medium of exchange, a measure of worth, and a store of value. In ancient times, people bartered material objects and services directly. As commerce grew, certificates redeemable in gold or silver became popular. Nowadays, money is a number stored in a computer hard drive, and has value only because people accept it in exchange for goods and services of real value.

The problem starts precisely at the moment that money is created, as is now generally agreed among new economy experts on both sides of the Atlantic. While the central bank – Federal Reserve in the US and Bank of England in the UK - is ostensibly entrusted with the power to create money, the money so created - held in the banks as reserve and circulates in the economy as banknotes and coins - accounts for only a tiny fraction of the total money supply.

The far greater proportion of the money in circulation is electronic, and is created by the commercial banks practically without limit or control. And it is created when the bank makes a loan to an individual or a company in a new deposit account, as documented in a new report from UK’s New Economic Foundation [13]. In other words, the money is created out of debt that banks give to people or companies taking out a loan. You might think that banks take deposits from people with extra money to save, which is then loaned out to others, but banks don’t even have to wait for anyone to make a deposit. They can give a loan to whosoever and whenever they feel confident enough. As explained earlier, these debts are then securitized and sold on as ‘assets’, multiplying the debt and money generated. On average, just prior to the 2008 crash, banks in the UK had £1.25 in central bank money (reserve) for every £100 of customer’s money, and it is not atypical.

As Korten says of Wall Street: it has become very good at financial games and creative accounting to inflate its financial assets without having to produce anything of real value [8]. At the same time, it promotes public policies that depress wages to make money increasingly scarce for the people who produce real goods and services, many of whom are strug­gling to make ends meet, and easily lured into borrowing against their homes and credit cards, locking them into spiraling debts with hidden fees and usuri­ous interest rates. Wall Street institutions thus lionize a bigger and bigger share of the money in circulation that entitles them to an ever growing claim on society’s real goods, services, and material assets.

It is the toxic money created by and for Wall Street that poisons the real economy. This toxic money has a direct link to real world entropy in several respects. The process of creation involves exploiting people and the natural resources of our planet at unsustainable (entropic) rates. In addition, exploited people are themselves all too often forced into unsustainable exploitation of natural resources. And finally, the excess money fuels excessive, entropic consumption and wastes [11, 12], diametrically opposed to the circular economy of nature that we need to recover and reinstate (see [14] Food Futures Now: *Organic *Sustainable *Fossil Fuel Free, ISIS publication).   

It has not always been like this. A proven model that works for people is a system of community banks, mutual savings and loans, and credit unions put in place as the result of the Great Depression in the decade preceding World War II [8]; when banking laws strictly limited bank size, functions, and interest rates.

That system was dismantled starting in the 1970s with a Supreme Court decision allowing banks to solicit custom­ers across state lines and to charge whatever in­terest rates were allowed by the state in which the bank was physically located. The Depository Institutions Deregulation and Monetary Control Act of 1980 abolished caps on mortgage interest rates. The Alterna­tive Mortgage Transactions Parity Act of 1982 paved the way to adjustable rates, balloon payments, and interest-only loans that played a major role in the 2008 financial collapse.

Korten commented [8]: “The Wall Street-engineered system redesign shifted the focus of the money/banking/finance system from investment in real wealth cre­ation to a focus on using money to make money through unproductive speculation, arbitrage, usury, deception, and market manipulation. As community banks were bought up and consoli­dated into larger regional and national banks, banks began to transfer mortgage lending risks to investors in bond markets through mecha­nisms that eliminated the incentive for them to assure the creditworthiness of borrowers.”

Which New Economy?

The New Economy Working Group (NEWGroup), a coalition of civil society organisations focussed on the New Economy and co-chaired by Korten (see Box 2) are not sorry to see the current money and banking system collapse. Indeed, their clarion call is:  “Shut down Wall Street!”

I hasten to add that they are not rabid revolutionaries advocating a violent overthrow of the ruling regime. On the contrary, they see their role as pointing the way to a smooth yet radical social transition.

Box 2

New Economy Working Group (NEWGroup) & David Korten

The NEWGroup describes itself as [15] “a virtual policy think tank and communications resource for the growing number of civil society groups concerned with economic justice, environmental sustainability, and peace that are forming alliances and coalitions under a New Economy banner.” It is co-chaired by David Korten and John Cavanagh.

Korten is co-founder and chair of Yes! Magazine, founder and president of the Living Economies Forum, and founding board member of the Business Alliance for Local Living Economies (all partners of NEWGroup). He has MBA and Ph.D. degrees from Stanford Business School; served as a captain in the US Air Force, a Harvard Business School professor, a Ford Foundation project specialist, and Asia regional adviser on development management to US Agency for International Development. A prominent critic of globalisation and the dominant financial and banking system, his books include: When Corporations Rule the World (1995, 2001); The Great Turning: From Empire to Earth Community (2006), and Agenda for a New Economy: From Phantom Wealth to Real Wealth – A Declaration of Independence from Wall Street (2009, 2010).

NEWGroup’s report entitled, How to Liberate America from Wall Street Rule [8] should be read by all our political leaders. It is a step by step guide on how to dismantle the current money and banking system –Wall Street- accountable to no one except the very rich and powerful running the system, and replace it with one that serves the real economy – Main Street – and is accountable to local communities and responsive to their needs.

A six part agenda

The action plan comes in a simple 6 part agenda [8] for the US that is directly transferable to Europe and elsewhere.

1. Reverse banking consolidation and build a national system of community-based, community-accountable institutions. Break up the megabanks and implement tax and regulatory policies that favour community-based financial institutions, in particular, cooperatives or ownership by non-profit organisations devoted to building community wealth

2. Create a State Partnership Bank in each of the 50 states to serve as a depository for state financial assets and partners with community development financial institutions on loans to local homes, industry, and commerce.

3. Restructure the US Federal Reserve to limit its responsibility to managing the money supply, subject to federal oversight and public accountability and require all newly created money to be applied to funding public infrastructure.

4. Create a Federal Recovery and Reconstruction Bank to finance critical green infrastructure projects designated by Congress. It would be funded with the money that the Federal Reserve creates when it determines a need to expand the money supply; instead of introducing it through Wall Street Banks, as currently done.

5. Rewrite international trade and investment rules to secure national ownership, self-reliance and self-determination (in a reversal of economic globalisation). Bring interna­tional rules into alignment with the foundational assumptions of trade theory that the ownership of productive assets belongs to citizens of the country in which they are located and that trade between nations is balanced. Hold corporations operating in multiple countries accountable for compliance with the laws of each country of operation.

6. Implement appropriate regulatory and fiscal measures to secure the integrity of financial markets and the money/banking system. Such measures properly favour productive investment and render financial speculation and other unproductive financial games illegal and unprofitable. (This would include the Tobin tax on financial transactions for example, that is part of the EU treaty agreed to deal with Eurozone crisis on 9 December 2011, but vetoed by UK [16].)

Article first published 12/12/11


  1. United States public debt, Wikipedia, 9 December 2011,
  2. “Economics in Pictures”, 14 July 2011,
  3. “Can the euro survive?” Peter Coy, Bloomberg Businessweek, 2 December 2011,
  4. “World facing worst financial crisis in history, Bank of England Governor says”, The Telegraph, 8 December 2011,
  5. Occupy Wall Street, Wikipedia, 9 December 2011,
  6. Occupy Movement, Wikipedia, 9 December 2011,
  7. Quantitative easing, Wikipedia, 9 December 2011,
  8. Korten D. How to Liberate America from Wall Street Rule, New Economy working Group, July 2011,
  9. “£850bn: official cost of the bank bailout”, Andrew Grice, The Independent, 4 December 2009,
  10. “The market mystique”, Paul Krugman, Op-ed, The New York Times, 26 March 2009,
  11. Ho MW. Are sustainable economic systems like organisms? In  Evolution, Development and Economics (P. Koslowski, ed.), Springer-Verlag, Berlin, 1998.
  12. Ho MW. Genetic Engineering Dream or Nightmare, TWN, 1998, reprinted with extended introduction and update, 2007.
  13. Ryan-Collins J, Greenham, T, Werner R and Jackson A. Where Does Money Come From? A Guide to the UK Monetary and Banking System, New Economic Foundation, London, September 2011.
  14. Ho MW. Dream Farm 2, organic, sustainable, fossil fuel free. Chapter 34 In Ho MW, Burcher S, Lim LC, et al, Food Futures Now*Organic*Sustainable* Fossil Fuel Free, ISIS/TWN, London/Penang, 2008.
  15. The New Economy Working Group, accessed 10 December 2011,
  16. “David Cameron blocks EU-wide deal to tackle euro crisis”, 9 December 2011,

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susan rigali Comment left 12th December 2011 17:05:55
Interesting that some of those quoted have used the toxic system to ingratiate themselves. However if some realization has occurred by those who have assumed control on global economic matters by making considerations such as humanitarian and environmental aspects a necessity, we'll call it progress. December 6, 2011 The Los Angeles City Council voted unanimously to support a resolution calling for a constitutional amendment that would assert that corporations are not entitled to constitutional rights, and that money is not the same as free speech. LIST OF PROPOSED "DEMANDS FOR CONGRESS"CONGRESS PASS HR 1489 ("RETURN TO PRUDENT BANKING ACT" ). THIS REINSTATES MANY PROVISIONS OF THE GLASS-STEAGALL ACT.–Steagall_Act --- Wiki entry summary: The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act in 1999 effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. Most economists believe this repeal directly contributed to the severity of the Financial crisis of 2007–2011 by allowing Wall Street investment banking firms to gamble with their depositors' money that was held in commercial banks owned or created by the investment firms. Here's detail on repeal in 1999 and how it happened:–Steagall_Act#Repeal . Vote Here #1 USE CONGRESSIONAL AUTHORITY AND OVERSIGHT TO ENSURE APPROPRIATE FEDERAL AGENCIES FULLY INVESTIGATE AND PROSECUTE THE WALL STREET CRIMINALS who clearly broke the law and helped cause the 2008 financial crisis in the following notable cases: (insert list of the most clear cut criminal actions). There is a pretty broad consensus that there is a clear group of people who got away with millions / billions illegally and haven't been brought to justice. Boy would this be long overdue and cathartic for millions of Americans. It would also be a shot across the bow for the financial industry. If you watch the solidly researched and awared winning documentary film "Inside Job" that was narrated by Matt Damon (pretty brave Matt!) and do other research, it wouldn't take long to develop the list. Vote Here #2 CONGRESS ENACT LEGISLATION TO PROTECT OUR DEMOCRACY BY REVERSING THE EFFECTS OF THE CITIZENS UNITED SUPREME COURT DECISION which essentially said corporations can spend as much as they want on elections. The result is that corporations can pretty much buy elections. Corporations should be highly limited in ability to contribute to political campaigns no matter what the election and no matter what the form of media. This legislation should also RE-ESTABLISH THE PUBLIC AIRWAVES IN THE U.S. SO THAT POLITICAL CANDIDATES ARE GIVEN EQUAL TIME FOR FREE AT REASONABLE INTERVALS IN DAILY PROGRAMMING DURING CAMPAIGN SEASON. The same should extend to other media. Vote Here #3 CONGRESS PASS THE BUFFETT RULE ON FAIR TAXATION SO THE RICH AND CORPORATIONS PAY THEIR FAIR SHARE & CLOSE CORPORATE TAX LOOP HOLES AND ENACT A PROHIBITION ON HIDING FUNDS OFF SHORE. No more GE paying zero or negative taxes. Pass the Buffet Rule on fair taxation so the rich pay their fair share. (If we have a really had a good negotiating position and have the place surrounded, we could actually dial up taxes on millionaires, billionaires and corporations even higher...back to what they once were in the 50's and 60's.Vote Here #4 CONGRESS COMPLETELY REVAMP THE SECURITIES AND EXCHANGE COMMISSION and staff it at all levels with proven professionals who get the job done protecting the integrity of the marketplace so citizens and investors are both protected. This agency needs a large staff and needs to be well-funded. It's currently has a joke of a budget and is run by Wall St. insiders who often leave for high ticket cushy jobs with the corporations they were just regulating. Hmmm. Vote Here #5 CONGRESS PASS SPECIFIC AND EFFECTIVE LAWS LIMITING THE INFLUENCE OF LOBBYISTS AND ELIMINATING THE PRACTICE OF LOBBYISTS WRITING LEGISLATION THAT ENDS UP ON THE FLOOR OF CONGRESS. Vote Here #6 CONGRESS PASSING "Revolving Door Legislation" LEGISLATION ELIMINATING THE ABILITY OF FORMER GOVERNMENT REGULATORS GOING TO WORK FOR CORPORATIONS THAT THEY ONCE REGULATED. So, you don't get to work at the FDA for five years playing softball with Pfizer and then go to work for Pfizer making $195,000 a year. While they're at it, Congress should pass specific and effective laws to enforce strict judicial standards of conduct in matters concerning conflicts of interest. So long as judges are culled from the ranks of corporate attorneys the 1% will retain control. Vote Here #7 ELIMINATE "PERSONHOOD" LEGAL STATUS FOR CORPORATIONS. The film "The Corporation" has a great section on how corporations won "personhood status". . Fast-forward to 2:20. It'll blow your mind. The 14th amendment was supposed to give equal rights to African Americans. It said you "can't deprive a person of life, liberty or property without due process of law". Corporation lawyers wanted corporations to have more power so they basically said "corporations are people." Amazingly, between 1890 and 1910 there were 307 cases brought before the court under the 14th amendment. 288 of these brought by corporations and only 19 by African Americans. 600,000 people were killed to get rights for people and then judges applied those rights to capital and property while stripping them from people. It's time to set this straight. Vote Here #8 END Also interesting is for 20 years we have been working on rights to label GMO's on our food products. To no avail. Those who partake in activism are ostracized through corporate controls of the marketplace. The US, once viewed as the stalwart of democratic principles denying basic human rights globally through wars, mandates and corporate control. Time for change, time for vision, time for securing a future. For those in California.

Dylan Comment left 14th December 2011 08:08:04
"give a man a gun and he can rob a bank, give a man a bank and he can rob the world" How can the entire globe be in debt? Who is it owed to? Mars? It`s a scam people, the biggest in world history. Debt based fiat money coupled with Fractional(Fictional) Reserve Banking is the vehicle for wealth transfer (theft) to the vested interests - the global parasites feasting on the substance of humanity. Exponentially increasing interest paid (through austerity facism) on loans made from NOTHING IS NOTHING more than legalised fraud. Derivatives have simply accelerated this process of siphoning off wealth into unregulated hedge fund accounts to unprecedented levels. Not mentioned in this article and truly key to the crisis (heist) is the role played by Credit Default Swaps - fraudulent insurance policies riding on top of the fake AAA rated collateralised debt obligations and triggered in the event of mortgage default. What made them unique is that you didn`t need to own the underlying CDO and could take out as many CDS contracts as you wished. Coupled with inside knowledge of which CDOs would collapse, the banksters made a killing with as much risk as shooting sitting ducks with a glock. Like burning down your neighbour`s house and collecting fifty times the insurance. Insider knowledge also included the reassurance that governments would step in to "bail out" the institutions (like AIG) holding these CDS contracts. It is simply theft, the money hasn`t disappeared, it has been transferred into dark pools of capital. The image of bankers and politicians scratching their heads is a play for your distraction. A bank robber who has SUCCEEDED in robbing a bank has NOT failed. Apply the same CDS scam to countries and voila - you have the Euro crisis. It`s a joke that one country such as Greece can threaten the whole of Europe through "irrational exuberance". It is the same wealth transfer scam this time using a COUNTRY instead of sub-prime mortgage holders. The "bail out" money simply goes to pay off the fraudulently induced interest on the bonds. And what are they doing with all these stolen digits? They are buying up (in stealth mode) all the world`s resources - land, commodities,food, water, and gold at suppressed bargain basement prices which will turn into an avalanche of hyperinflation of which the world has never seen. One more thing, the OWS movement owes its beginnings to David Degraw of NOT adbusters who joined later in the fray. He first coined the term the 99% in his writings in early 2010 and organised the beginnings of the protests along with the group Anonymous. He emphasises the corrupt nature of the TWO-PARTY oligarchy and the role of central banks, an emphasis that is CONSPICUOUSLY ABSENT from the message of some activists trying to jump on the bandwagon and hijack the movement.

Rory Comment left 14th December 2011 17:05:47
It seems to me that our problems with money and consequently with the economy arise through a lack of clear thinking about what is economic activity and what role money should play in it. Money is a social mechanism created to remove the difficulties inherent in bartering, i.e. the time, place and matching needs constraints. It does so by acting as a store, or record, of value between the two halves of an exchange of real goods and/or services thus enabling the two halves of any such exchange to be uncoupled from one and other in time, in location and in matching needs. The removal of constraints on the exchange process had, and continues to have, an enormously stimulating effect on the initiation of the exchange processes that comprise an economy thus greatly increasing the amount of exchange activity in an economy and consequently expanding the economy. The introduction of money into the exchange process however meant that bartering largely fell away as an economic activity and the use of money in the exchange process became the preferred and dominant option. The involvement of money in the exchange process meant that there were some important additions and changes to the process itself even though the fundamental economics of the process remained exactly the same. In simple terms the exchange process, when money is involved, should work as follows: The two consenting parties no longer fill exactly the same roles as they do in the bartering process. Instead the one party becomes the supplier of the real good and/or service whilst the other becomes the purchaser of the real good and/or service. The first recording is in the form of money which is given to the supplier of the good and/or service by the purchaser of the same. The second recording is in the form of an IOU the responsibility for the discharge of which the purchaser accepts. The discharge of the IOU will occur when the purchaser supplies any member of the community with a good and/or service to the value of the IOU. # The third additional component is a member of the community who pays money to the purchaser, for a real good and/or service supplied by the purchaser, and thus discharges the IOU. The reality is that an economic atomic unit is not complete and therefore does not exist until the IOU has been properly discharged. Unfortunately our current money system completely ignores this reality with third parties, such as banks and the state, legally able to issue money completely divorced from exchanges of real goods and/or services. This is obviously economically extremely unhealthy. Its natural effect, commonly known as inflation, being to continuously steal value from the money already in existence thus debasing the currency. There are other deleterious consequences that arise from this flawed money system like the fact that monetary wealth has been being steadily sucked up to the top of the wealth pyramid for the last 30 or more years. We need to get the money system right from the ground up. An alternative, functioning, money system can be found at (shortened)

Todd Comment left 15th January 2012 11:11:22
This is an old story-some of the best references too it are never refered too. I could till i slipped the cat out tell who quoting him had actually read Smith's "wealth of nations'-quote them"Merhants can't gather for wine nor merryment,whithout a whispered plot affoot to se prices and harm the public". Guess who runs the worlds banks? Other good sources-Edmond Burkes filling in parliement in I beleive 1785 on how the East India company had stuffed up Injia(tunkaws).And the invalubale-Towers of Gold,feet of Clay by Walter Stewart.UNdated,now as forto;d international.Don't use it as an instuction manual please.

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