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The radix of our enslavement is the private central banking system.
My point of view about this is well expressed in the following two videos:

The first is half an hour.  The second is ....around a hour. 

The first was produced by a fellow who sells gold. It is Episode 4 of 7.  I recommend viewing the entire series, but the part on how the system is monetized  (a misnomer) is stunning. I have know the basics for years, but never seen it so clearly set forth. 
http://hiddensecretsofmoney.com/videos/episode-4

The second is a film made by James Corbett, a YouTube current events analyst. 

This is a history of the Federal Reserve.
http://www.corbettreport.com/century-of-enslavement-video/


My goals: Educate people about the corporate nature of our present government and help build local financial concepts and institutions that avoid the inherent theft designed into the present system.

James Holmes 78
Plumber
Paralegal
Film Student
I have professional video, sound, and lighting available to communicate good works.

I look forward to meeting people.

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This article entitled, "The Financial War Against the Economy at Large," at the link,

http://www.nakedcapitalism.com/2012/12/michael-hudson-americas-deceptive-2012-fiscal-cliff-part-ii-the-financial-war-against-the-economy-at-large.html

is suggested reading by Craig Barnes, who states that it “summarizes our position [at WeArePeopleHere!] as well as anything I have read.” I completely concur with that analysis. Please do read this. The link will also be posted on the WeArePeopleHere.org web page. 

The article’s author, Michael has been working in the area of banking and income/wealth disparity for some time -- two topics that are intimately related. He is a Distinguished Professor of Economics at the University of Missouri, Kansas City. His blog, at http://michael-hudson.com, has a long series of very informative, but often highly technical, posts on the world economy, banking and our economic woes. The NakedCapitalism link is an excerpt from a longer post by him at

http://michael-hudson.com/2012/12/americas-deceptive-2012-fiscal-cliff/

Another of his interesting, but long, articles on banking is at

http://michael-hudson.com/2012/01/banking-wasnt-meant-to-be-like-this/

The Conclusion section of this article gives a nice view of why government and not banks should be in the business of creating money since, in principal, government is interested in lending for the public good, whereas global banks are lending for profit, which has not been, in the current economic  and social climate, in the public interest.

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I ran across the attached paper out of the International Monetary Fund (IMF) Research Department that supports a plan suggested in 1936 by Professor Henry Simons of the University of Chicago (hence the name The Chicago Plan) and strongly supported by the prominent Yale University economist, Irving Fisher. These were two of the top economists of the time. Fisher pointed out that the plan, that separated money creation from from the credit function of banks, by demanding 100% backing of deposits by government-issued money, and ensuring that the financing of new bank credit can not happen through the creation of new deposits, out of then air. Fisher pointed out, and the IMF Dynamic, Stochastic General Equilibrium (DSGE) Model confirms, that this plan has four advantageous characteristics:

1. It would allow for a much better control of credit cycles, which were perceived to be the major source of business cycle fluctuations. 
2. 100% reserve backing would completely eliminate bank runs. 
3. It would lead to a dramatic reduction of (net) government debt by allowing the government to issue money directly at zero interest, rather than borrowing that same money from banks at interest. 
4. It would  dramatically reduce not only of government debt but also of private debt levels given that money creation would no longer require the simultaneous creation of mostly private debts on bank balance sheets.

The paper also gives a path, which has very little downside, of going from the current monetary system to The Chicago Plan system. While there would be considerable pushback from banks to the implementation of this plan, it seems to me that at some point politicians will see impossibility of paying off the outrageous debt most countries have amassed and accept something like this plan to move forward.

Although the paper does contain the disclaimer that it does not represent IMF official policy, which tends to push the status quo and austerity measures rather than increased government spending to stimulate the economy in times like these, it does show that even organizations like the IMF are considering alternatives to currently accepted thinking.

While the paper is not easy reading, I would suggest the reading of the Abstract and Introduction, which give the essence of the paper in rather straightforward language.

The paper can be found at https://drive.google.com/file/d/0B4FTt6pvZoFuWVQ5V2tNbEdwRkk/edit?usp=sharing

The Chicago Plan supports ideas that Ellen Brown puts forward in her recent book, "The Public Bank Solution: From Austerity to Prosperity."

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