what's going on with the american economy slows years are everywhere unemployment is skyrocketing and it looks like this may only be the beginning as a result most americans fear that our cherished basic freedoms and way of life are under direct attack as our standard of living thanks like a stone but could it be that all these problems are first seen one hundred years ago by l frank baum the author of the wonderful wizard of oz why is this just coming out because when the m g m movie the wizard of oz was made in one nine hundred thirty nine significant changes were made from l frank baum's original book version written forty years earlier and eight hundred ninety nine in the book version of the wizard of oz dorothy slippers are made of silver as opposed to in the film version where dorothy's slippers are made of ruby you take away the silver slippers on the gold or yellow brick road and all of the other symbolism tends to be lost now let's see what the experts say about our current problem then look at our history so we can understand what l frank bomb was trying to say in his book the wonderful wizard of oz well it's no secret to any americans that we're living in very precarious times americans are being robbed blind and they don't even know who's doing the robbing i mean we clearly are you know in a bus and we're heading for the edge of a cliff and there still is probably time to change course jolie problem is the people driving the bus don't realize that there's a cliff there yet if the problem that's grinding the economy to a halt is too much debt and if nobody in the government and either party is looking at solving the debt problem then the answer is it's going to go a depression as far as the eye can see and so we're going to have a massive massive recession or all it's called a depression while the economy rebalances away from a service sector economy towards a good producing economy away from a borrow and spend economy to a save and produce economy that's what we need to do we can't get from where we are to where we need to be without a severe depression what can government do the sad answer is under our current monetary system nothing it's not going to get any better until the root cause 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 you must understand that every penny every dollar we have in circulation is created as an interest bearing debt so what is the national debt when government spends more than it collects in taxes it has to borrow the difference by selling interest bearing ious such as u s bonds when a u s bank buys a one hundred dollar u s bond it gets to loan out ten times that amount so the bank not only gets back the one hundred dollars plus interest from the federal government it gets to loan out another thousand dollars it doesn't have and charge additional interest banks are allowed to create this extra money out of thin air so banks aren't making only six percent interest for example they are really making over one thousand percent interest that's why bank buildings are the biggest in every town on the planet this system of lending way more than you have is called a fractional reserve lending almost all our money is created by banks lending it to people to companies or to government as well see there is a better way for a government to get money simply issue it without debt for the benefit of all citizens equally abraham lincoln did it ben franklin did it jefferson wanted to do it honest americans have voted against this bank controlled debt money system through out american  unless we change it soon most of our freedoms will soon be lost in a tidal wave of debt seventy five years ago an employee of the atlanta federal reserve explained the importance of the debt money system and how it can strangle our economy someone has to borrow every dollar we have in circulation if the banks create ample money we are prosperous if not we starve when one gets a complete grasp of the picture the tragic absurdity of our hopeless position is incredible it is the most important subject intelligent persons can investigate and reflect upon