THE SECRET OF OZ
In 1996, in a documentary called “The MoneyMasters”, we asked the question,
why is America going broke? It wasn’t clear then that we were, but it is today.
Now the question is, how can we get out of this mess? Foreclosures are everywhere, unemployment is skyrocketing – and this is only the beginning. America’s economy is on a long, slippery slope from here on.
The bubble ride of debt has come to an end.
The solution is the secret that's been hidden from us for just over 100 years,
ever since the time when author L Frank Baum wrote
The Wonderful Wizard of Oz.
It is well known in economics academia that The Wonderful Wizard of Oz, written by L. Frank Baum in 1900, is loaded with powerful symbols of monetary reform which were the core of the Populist movement and the 1896 and 1900 president bid of Democrat William Jennings Bryan.
The yellow brick road (gold standard), the emerald city of Oz (greenback money), even Dorothy’s silver slippers (changed to ruby slippers for the movie version) were the symbol of Baum’s and Bryan’s belief that adding silver coinage to gold would provide much needed money to a depression-strapped, 1890s America.
not the big banks,
should control the
of a nation's money.
The Secret of Oz
"The national debt is just like our consumer debt – it’s the interest that’s killing us."
“Though most people don’t realize it, the government can’t just issue it’s own money anymore. It used to be that way. The King could just issue stuff called money. Abraham Lincoln did it to win the Civil War."
“But why can’t we just do it again? Why can’t we just issue our own money, debt free? That, my friends, is the answer. Talk about reform! That’s the only reform that will make a huge difference to everyone’s life – even worldwide."
"The solution isn’t new or radical. America used to do it. Politicians used to fight with big bankers over it. It’s all in our history – now sadly – in the distant past."
“In today's money system, the government has to borrow our money into existence and then pay interest on it. That’s why they call it the National Debt. All our money is created out of debt. Politicians who focus on reducing the National Debt as an answer probably don’t know what the National Debt really is. To reduce the National Debt would be to reduce our money – and there’s already too little of that."
“What can government do? The sad answer is – under the current monetary system – nothing. It’s not going to get better until the root of the problem is understood and addressed. There isn’t enough stimulus money in the entire world to get us out of this hole."
Founder and CEO of WorldNetDaily.
President of Euro-Pacific Capital, the leading “bear” on Wall Street, author.
Author and monetary reform expert, author of many books.
Author Web of Debt, attorney, and monetary reform expert.
Former official in a variety of slots in the UK government, and head of the Inter-Bank Research Organization, author of many books.
Prof. Nick Tideman
VA Tech University School of Economics.
Banker, asset manager
Curator, Bank of England Museum
Prof. Quentin Taylor
Professor of political science at Rogers State University
Prof. Michael Hudson
President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1972 and 2003)