Friday, December 31, 2010


What’s the Movie About?

It is commonly 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 presidental bids of Populist Democrat William Jennings Bryan.

The yellow brick road (gold standard), the Scarecrow (farmers), the Tin Man (industrial workers), the Wicked Witch of the West (Cleveland banker  J.D. Rockefeller) and the Wicked Witch of the East (NY banker J.P.Morgan), the Emerald City of Oz (greenback money), the illusory power of the Wizard in the capitol city (who monopolized power through deceit),  even Dorothy’s silver slippers (changed to ruby slippers for the color movie version -symbols of Baum’s and Bryan’s belief that adding silver coin to gold coin would provide much needed money to a depression-strapped, 1890s America).  Oz is a virtual forest of monetary reform symbolism, done by someone extremely well versed in the Populist monetary reform goals of the period (Baum was a newspaperman and author) – goals which have never changed - they are still valid today, they are needed now more than then.

Oz author L. Frank  Baum’s symbols represent the solution to relieve the growing economic hardship here in America and the rest of the world.  2009 marks the 70th anniversary of the 1939 MGM release of the The Wizard of Oz movie which has impressed audiences for all those years, imprinting Baum’s cryptic monetary reform symbols on the minds of millions.  Money Masters authors Pat Carmack and Bill Still came to the conclusion in late 2008 that now is the time to explain their meaning to the public in a video – the symbols are well known, their meaning is not, yet they hold the key to solving our economic crisis. The familiarity of the Oz symbols to the public makes their explanation a potentially powerful weapon against our modern witches and wizards.   So Money Masters Director Bill Still hit the road once again, interviewed experts familiar with the Oz symbolism, and the result is the fascinating new video Secret of Oz.

Who’s In It?
• Peter Schiff, President of Euro-Pacific Capital, the leading “bear” on Wall Street, author.
• Prof. Quentin Taylor, professor of political science at Rogers State University
• Byron Dale, author and monetary reform expert, author of many books.
• James Robertson, 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
• 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)
• John Keyworth, Curator, Bank of England Museum
• Ellen Brown, author Web of Debt, attorney and monetary reformer
• Joseph Farah, Founder and CEO of WorldNetDaily
• Nancy Koupal, Director of the South Dakota State Historical Society Press, author
• Reed Simpson, banker, asset manager.

Thirteen years ago, in our documentary “The Money Masters” (co-authored by Patrick Carmack and Bill Still), we asked the question why are Americans going broke and the American middle class rapidly disappearing.   To answer that question we went back and traced the history of modern banking which began over 300 years ago (with the founding of the privately-owned Bank of England).  That history is, of course, still valid. With that historical perspective we were able to predict much of what has happened since we made that video.  Many have called it prophetic - it was simply historically informed.  Now the question is how can we get out of this economic mess.  Foreclosures are everywhere and those still in their homes can barely afford the mortgages, unemployment is at dangerous levels – and this is only the beginning. More and more Americans are being forced into deeper and deeper debt and poverty.
How important is this issue worldwide?
Having private banks create money is the root economic cause of  world poverty, ignorance, hunger, and much preventable disease – the concentration of the world’s money in fewer and fewer hands and the accompanying impoverishment of billions of our fellow human beings, 1/3rd of whom make less that $2 a day, over 1/2 in abject poverty while a couple of hundred men grow fabulously richer daily.  Until the money creation power is restored to the people – to their government and taken back from the bankers -  we will never be able to make a dent in these other economic issues.
We can fix this. We can fix it in a matter of months — a year at most – if we have the will.  We can make our government the most financially sound in the world — nearly overnight.  All we have to do is to take back the power to create and control the quantity of money from private banks (including the privately-owned Federal Reserve banks) and put that power back into the hands of the Congress of the United States where it was under Presidents Jefferson, Jackson and Lincoln.

Some say, “Well, those crooks in Congress will create too much money once they get the money power.” But Congress now just borrows it from the private banks which create it, which debt never gets paid back and which we the people have to continually pay interest on.  Instead of borrowing money the U.S. government could and should be creating money interest-free, as it has in the past,  not the banks owed by private stockholders (including many foreigners).  The Monetary Reform Act authored by Patrick Carmack in 1996 and available on this website is a model for such monetary reform, which includes the related solution of paying off the existing US National Debt of over $12 trillion dollars while ending bank money creation by raising the reserve ratio banks are required to maintain from 10% to 100%, thereby absorbing the otherwise inflationary $12 trillion. Yes, we can pay off the National Debt without inflation.  Other versions, some modeled in whole or in part on the Monetary Reform Act are mentioned in this video.
More money for people.
Others will say Congress isn’t responsive to the people as it is.
Well of course not. Too many politicians are responsive to those with money and who have also used it to buy control of the mass media.  Right now, the major Wall Street banks have the money, and control the mass media,  hence the power to influence politicians.  We have to take back the ultimate material power of any nation – the power over its money. With the power of banks diminished, politicians will become responsive to the voters once again and a vibrant, independent mass media can redevelop. 

Do you know that only one zip code in this country spends nearly half of all the special interest lobbying money used to influence Congress? Guess what that zip code is? It’s 10036, the upper east side of Manhattan. That’s where the Mayor of New York City lives.  That’s where the Wall Street bankers live.  They control the money, they control the mass media, they control Congress.  They get the bailouts – other Americans get the bill (in higher taxes to pay the ever-growing interest on the National debt, and in fewer services).

Some will say – the bankers’ shills - that these solutions are something radical like perhaps socialism or worse. They are not. This is the most basic historic struggle for human freedom running back to the beginnings of societies – the struggle for widely disbursed private property and a fair and just economic system. Without that, individual freedom has no solid foundation.

If we value the Founding Father’s dream of freedom — an escape from serfdom by political self-determination – we ultimately have to conclude that creating our money is too important a function to be put into private hands where it can and is being used to corrupt our political system.  History has shown time and time again that concentration of wealth leads to nothing but plutocracy: rule by the rich; then to plutarchy: rule by the very few, very rich,  and ultimately slavery for the rest. 

But what about the banks? They are already failing? Let them fail. Government can issue it’s own money and credit. We don’t need them to create money nor their hyper-expensive compounding interest system. Banks and banking won’t go away. Everyone will still have access to loans and checking accounts.  A genuinely free market will step up and provide those services. You’ll still be able to go down to your local bank to deposit your check. Your bank will still be there. But it will not be creating money as it does now. Jesus chased the moneychangers from the temple in his day. He knew the corrupting power of money. Gandhi said that materialism and morality are inversely proportional – when one increases the other decreases. Modern banking is making its owners far too rich – not by the sweat of their brows but by the sweat of other peoples’ brows. It has gone so far it is actually the cause of the deaths of countless others due to extreme poverty.

Is that fair or just? Obviously not. Big banks already own nearly every large building in every city in the world, not to mention mortgages on virtually every American’s home those that still have homes.  That should be far more than sufficient! Let the people of the world have some money for a change. Give them some incentive to build a better world – we all live in it together.

There is hope, especially here in America. History has shown that America has fought to create it’s own government-issued money and keep privately-owned central banks from doing so for the last 250 years. In fact in no other nation on earth have the people fought for it as successfully and with such determination as have Americans. We kicked out the Bank of England in 1776; we killed the Bank of North America; with President Jefferson we killed the 1st bank of the US; with President Jackson we killed the 2nd bank of the US.  All we need in the face of this first depression of the 21st century is  education and then courage. We can make this the new civil rights movement – the new human rights movement. The big banker Wizards now stand more exposed than ever before. Let’s use history to guide our path today and take the power to create money from privately-owned banks.

After the William Jennings Bryan era the bankers learned that in order to put the lid on this issue they had to buy up the nation’s press. And they did, led in that by banker J.P. Morgan. But that hasn’t worked as well in the Internet age. People are asking the right questions. What is the Federal Reserve and who owns the stock in it? Why does the Fed resist us – even thwarting Congress – from knowing what they are doing with our money, fiercely resisting even audits? How did they get that power from the government? Who creates our money, and in what percentages and quantities? How did private banks get that power from the government? How can we get that power back? For the answers, just follow the yellow brick road with Dorothy in the Secret of Oz.

This new video covers some of the  material in the Money Masters video with new footage and breaks entirely new ground in examining the roots of the present crisis in the era of Wm. Jenning Bryan when the Wonderful Wizard of Oz  was written by author L. Frank Baum. Writing cryptically in Oz Baum revealed the fallacy of the Gold Standard (the Yellow Brick Road) which led to the Wizard of Oz (ounce abbreviated oz, a fine ounce is 99.5% pure gold).  Gold has no magical nor special power as money - that is an illusion like the Wizard’s power. Dorothy’s silver slippers (ignorantly changed by Hollywood to ruby for the movie’s new technicolor) contained the key to the solution. Dorothy (representing the common people – everyman and woman) always had the power to create money from other things (exemplified by her silver slippers, which the Wicked Witch of the West tried to take from her) than gold.

We have no need of the banking Wizards in the City to create money. Our government can simply create money itself  if it ever regains the confidence to throw aside the Wizard’s curtain revealing the trickery of the bank-created-debt-money-system, as Presidents Jefferson, Jackson and Lincoln did in their day.  Many more fascinating metaphors, historical allusions and solutions are revealed in the fascinating new video Secret of Oz.

Learning to 'Live Free' comes from experience and personal growth ... Lets break our conditioning!

David Goliath

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