"The real truth of
the matter is, as you and I know, that
a financial element in the larger centers
has owned the
since the days of Andrew Jackson."
President Franklin D.
Roosevelt, letter to Colonel Edward
House, November 21, 1933
All our lives we've been told
that economics is boring. It's dull. It's not worth the time
it takes to understand it. And all our
lives, we've been lied to.
War. Poverty. Revolution. They
all hinge on economics. And economics all rests on one key
Money. It is the economic
water in which we live our lives. We even call it
'currency'; it flows around us, carries us in its wake. Drowns
those who are not
We use it every day in nearly
every transaction we conduct. We spend our lives working for it,
worrying about it, saving it, spending
it, pinching it. It defines our social status. It compromises our
morals. People are willing to
fight, die and kill for it.
But what is it? Where does it
come from? How is it created?
Who controls it?
It is a remarkable fact that, given its central importance
in our lives, not
one person in a hundred could answer
such basic questions about money as these.
Such a profound state of
ignorance could not come about
naturally. From the
time we are children, we are curious about the world and
eager to learn
about the way it works.
And what could lead
to a better understanding of the way the world works than a knowledge of money, its creation and destruction?
discussion of this topic is fastidiously avoided in our school years and ignored in our daily
monetary ignorance is
artificial, a smokescreen that has
been erected on purpose and perpetrated with the help of complicated systems
and insufferable economic jargon.
Let's learn what money is all
about, once and for all.