Archive for May, 2011

The Secret of Oz

May 11, 2011

The following press release was issued by the East Bay Patriots,  a local Tea Party group. Although I have been (and will remain) openly critical of the Tea Party on many issues, it shouldn’t stop me from reaching out to them when we find common ground.

I stumbled onto the Secret of Oz movie just as the East Bay Citizens for Peace  (EBCP) were kicking off their 25% Solution campaign to cut military spending by 25% and use the savings to fund community needs, which includes reducing the national debt. As EBCP moved forward with the 25% campaign, I was shocked to learn that, even by the most conservative estimates, close to half of our 13+ trillion dollar debt stems from prior military spending. Well, if the people behind the Secret of Oz had their way, we’d no longer have to pay interest on past military spending, which accounts for 18% of our current military budget — or roughly 3/4 of the 25% Solution. In fact, the U.S. wouldn’t have to pay interest on anything ever again!

The sovereign money movement may not solve all of the country’s economic woes, but it sure could help. Coming down from ivory (or emerald) towers to engage in healthy debate with those who have vastly different world views doesn’t hurt either.

FOR IMMEDIATE RELEASE:

East Bay Patriots to show Secret of Oz film

Bristol, RI – May 16, 2011 – The Bristol East Bay Patriots will hold a meeting on May 16th, at the Rogers Free Library in Bristol. Meeting will start at 6:30pm.

Kevin Faria of East Bay Citizens for Peace will be the guest moderator and will be presenting the movie The Secret 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.

America is going broke! 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.

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.

Why? Debt. 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 its 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.

Today 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.

You have to go deeper. You have to get at the root of this problem or we’re never going to fix this. The solution isn’t new or radical.

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 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.”

Come and join us for this provocative film! It is an eye-opener!

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